Primary trends remain in tact - US equities continue to impulse higher and decline correctively as the bull trend remains alive and well but probably exhausting. European equities still look like the weakest link. US$ weakness continues as we look for an end to this decline. Bond markets continue to be range bound while commodities […]

Wishing Happy Holidays and a Happy New Year to all our subscribers!!!  Given next week's holidays, the Market Update will be posted later in the week. I will still be available for questions in the meantime. I am personally winding trading activities down for the year as I prepare for an interesting 2018. Equity bulls […]

Last week saw the US equity markets decline from marginal new highs as tax break buyers failed to follow through. Bears didn't do any structural damage to the markets. While we are looking for a small degree 4th wave correction, we cannot yet rule out the possibility of this SPX wave (iii) extending higher towards […]

Last week's update ran to script with the ES and RTY hitting near term upside targets of 2654 and 1540 respectively before selling off dramatically on "news" regarding the FBI investigation. The "greed is good" tax plan continues to dominate US equity buying as this bull market continues to extend higher into the new year. […]