Market Update: December 23rd, 2014 – Xmas Cheer

by | Dec 23, 2014

Macro trends of strong US$, strong equities and weak commodities remain in tact. My caution regarding the recent decline in equities proved helpful as we have once again rallied impulsively from last week's lows. As we approach new ATH's in many equity indices I can't find any reason to fight this trend. Last weekend I focused on the Russell […]

Interested in accessing the MCP Market Update? Please subscribe at our Sign Up page. To learn more about this service, please visit The MCP Market Update Service.

Market Update: December 18th, 2014 – Mixed Messages

by | Dec 18, 2014

We appear to have completed a 5 wave impulsive decline from the ATH's in the SPX, DJIA and NYA. Other indices such as the Russell 2000 and Nasdaq Indices are less clear at this stage. The DJT has regained it's 2 year trend channel and continues to be supported by the 100 sma and channeling […]

Interested in accessing the MCP Market Update? Please subscribe at our Sign Up page. To learn more about this service, please visit The MCP Market Update Service.

Weekend Market Update: December 15th, 2014 – Patience Rewarded

by | Dec 15, 2014

I woke up this morning to find the folks of Sydney being attacked by a terrorist. I hope my friends are safe and well and this stand-off ends peacefully.  In last weekend's update I was looking for a significant top in the US$ and equities. So far so good. Given the bearish US$ signals and […]

Interested in accessing the MCP Market Update? Please subscribe at our Sign Up page. To learn more about this service, please visit The MCP Market Update Service.

Market Update: December 10th, 2014 – Bull v’s Bear

by | Dec 10, 2014

While we welcome volatility back into our trading world and we got the impulsive 5 wave decline in the SPX/DJIA we had been looking for, the bulls did enough to keep hope alive for new ATH's. The bears actually did very little damage. For the reasons outlined below, it is a 50/50 bet right here […]

Interested in accessing the MCP Market Update? Please subscribe at our Sign Up page. To learn more about this service, please visit The MCP Market Update Service.