Apologies, but given I am travelling this week, I am only able to provide a brief market update. Back on deck next week. US equity markets continue to look bullish with new ATH's with the SPX thrusting higher from the wave (iv) triangle we highlighted last week. Natural ES targets are 2620 then 2654 for […]

Note: I will be travelling the next week after Thanksgiving but will try to update charts whenever possible. Key observations from last week: - Russell 2000 rallied impulsively from support (bullish) - European stock indices declined impulsively from upside targets (bearish) - USDJPY declined to initial targets in the 111-112 area - DXY and Euro […]

Global equity markets appear to have topped near term while Bond markets reversed sharply lower as expected from important near term resistance levels as the US$ continues to struggle to make upward progress (while still holding key near term support). This is a big week for Bond markets and the US$ - it is a heavy […]

Last week saw a deluge of news and data including a new Fed Chair announced, a tax plan, BOE rate hike, strong US earnings and dovish BOJ. Importantly, equity markets continued to grind higher along with bonds, while the US$ held support and Crude Oil has attempted a breakout. This week has the RBA and […]