The NASDAQ has taken out the Jan 2018 high while both the DOW and S&P 500 were contained below the Jan 2018 high. Tech is still the leader, Tech is where the growth story is. Since this is the beginning of the 2nd half of the 4-year cycle, the first half of 2018 appeared […]
Today the S&P 500 cash index took out the previous day’s high and closed above it. Not only it closed above the previous day high, it also closed above the weekly and monthly pivot range. The strong close implies that the daily cycle low is in place. This daily cycle finished in 14 days, which […]
Amid the abundant debates and noises between tariffs and rising interest rates, the indices quietly took out the high of the week of February the 9th! This action came after two inside weeks, it finally made a strong statement by producing a swing low for the week of February the 9th. You need to login […]
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 […]
