As the market finished the 9th bar of the first daily cycle that started on 02/09/2018, the market closed strongly on the 9th bar, which successfully declared the alpha bottom of the daily cycle. It also closed above the daily, 3-day and weekly pivot range, which indicates the next five trading days will be bullish. […]
The S&P 500 cash index closed on Friday right inside the resistance zone of 2700-2750 as we previously blogged. It closed below the daily pivot zone, but above the 3-day pivot zone and weekly pivot zone. The close on Friday 2/26/2018 indicates it is meeting temporary resistance as we expected. You need to login to […]
The furious more than 10% correction happened in the last two weeks is not over. It is not time to get in to buy bargains yet. This correction is much needed to clear the excess and re-discover the relationship between the equities market and interest rates. You need to login to view the rest of […]
Since the beginning of the four-year cycle low in February 2016, the first four weekly cycles were very visible and tradable. The fifth cycle finished in one short week to conclude 2017. The seasonal tendencies have been disappeared completely from the market in 2017. It was an odd year with historic low volatility. The year […]
The biotech sector is positioned in a breakout position in a vertical bull market! IBB and XBI are the two major biotech ETFs. IBB is weighted more towards mega cap biotechs, XBI is weighted more towards smaller biotechs that are the candidates having the potential to be acquired by the big ones. Both IBB and XBI have […]
The market took a drastic turn on the upside since the beginning of the year. It has defied a lot of conventional methods of technical analysis; it basically just went up like a straight line. This is a very unusual market condition that only happens maybe once a life time. This is called vertical market […]
