Keep a close eye on the Fed this week! Last week, global equity markets continued to decline in line with our bearish expectations. US equity markets are once again testing major support with the Fed on deck later this week. We are starting to see more market mavens such as Stanley Druckenmiller call for the […]

On December 10th we got a hard test of the October lows in US equity indices. The SPX, Dow and Russell all made new cycle lows while the Nasdaq indices did not. This has important implications and confirms our big picture outlook with the new cycle lows confirming that the October decline was only wave […]

NB: Due to last week's holiday, the COT data has not yet been released by the CFTC. We will be updating charts when the sentiment data is made available. Last week, we were looking for the bear market to reassert itself once the wave (c) ending rally completed. While we fell short of ideal upside […]

Last week, the equity bulls made their stand at support as anticipated.  With the assistance of a dovish Powell, equities launched higher in what is expected to be wave (c) of a larger corrective rally. Over the weekend, the US / China trade tensions also subsided adding further fuel to the relief rally.  This week […]

NB: I am travelling next week so the update is getting posted early in advance. Please note that the COT data will not be included as it doesn't get released until next week due to the Thanksgiving holiday. This week equities traded lower as expected to retest the October lows - while the Nasdaq Indices […]