Weekend Market Update: November 24th, 2014 – Bulls try to break-out

by | Nov 24, 2014

From last week's update, "The s/t conflict I have is that while the SPX/DJIA/NDX cash markets all declined impulsively from recent ATH’s, the following have NOT… BKX/DJT/ES/YM/NQ (they look corrective). I would prefer the futures and sector markets confirm the majors so caveat emptor." Inter-market analysis helps manage risk Equity markets charged ahead on Friday […]

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Market Update: November 20th, 2014 – Are we there yet?

by | Nov 20, 2014

As expected, the equity markets made another marginal new high and the DJIA tagged my 17735 measured objective to the point (actual high 17735.7). Both the DJIA and SPX declined impulsively from recent highs on an intraday basis and found initial support at the 10 day sma. No support has been broken but this is […]

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Weekend Market Update: November 17th, 2014 – US$ and Commodities Turn

by | Nov 17, 2014

The big story right now is the US$ and commodity markets, but I'll get to that later. While I was away, the US equity markets locked in a 3 wave corrective decline and proceeded to new ATH's. The market's inability to decline impulsively warned that new ATH's would eventually be made (I'm surprised it happened so quickly). […]

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