Last week saw a sharp reversal (blow-off top) in energy markets as we counted out what we expect to be a completed wave 5 rallly for (1) or (A). Equity markets traded mostly sideways in what was likely wave (iv) and would still look better with a final wave (v) thrust to new cycle lows. […]

The stagflation outlook we discussed back in January 2021 seems to be playing out and has now become market expectation. Commodity prices are breaking out exponentially in what is more likely to be a blow-off top. While warnings abound, global equity markets have not yet confirmed a bigger picture change in trend. Importantly, our strategy […]

Last week saw wild swings in the markets as Russia launched an invasion on Ukraine. We have been warning of two-way risks in this market with "headline risks" as NEWS has become the signal. Bulls and bears continue to fight it out at the END of a primary trend. Putin is playing poker with the […]

Global markets remain uncertain and difficult to trade with ongoing headline risk. Our base case remains that global equity indices are in larger degree 4th wave corrections prior to a FINAL wave 5 of (5) to new ATH's. The downside risk is that wave 5 of (5) of V is actually complete and the market […]

Friday saw a spike in volatility as markets feared rising geopolitical risks in the Ukraine. Crude and Gold spiked higher while equities sold off... Macro tailwinds have turned into headwinds for equity markets, making this a very difficult trading environment - risks abound. Equity market volatility continued last week as bulls and bears continue to […]