MCP Market Update: April 9th, 2018 – The right to arm Bears

by | Apr 9, 2018

This week's report focuses on the potential for a near term stock market bear - I am not discounting the bullish potential while support holds - I am just seeing an interesting setup. Last week we saw some wild gyrations in global equity markets but importantly, the key support levels we highlighted for US equity […]

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USDCAD Update

by | Apr 6, 2018

Update April 10th, 2018 With Crude Oil and Brent potentially topping here, USDCAD tagged 50% retracement is approaching equality and the 200 day sma with a potentially completed 5 waves down - remaining shorts here are risky as we look for a wave 2/B counter-trend bounce.   April 6th, 2018 Friday is an important day […]

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SPX updates for the big picture

by | Apr 6, 2018

I thought it would be helpful to understand this market volatility in the context of the big picture SPX wave counts. I see three primary counts and there remains the risk that this entire post-gfc rally is over as highlighted by the Bear count. Bear Case - Market top is in and we now trend […]

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MCP Market Update: April 3rd, 2018 – Break Unconfirmed

by | Apr 3, 2018

The SPX break of its 200 day sma was NOT confirmed by other markets.  As expected, the 200 day sma has acted like a magnet across the major US indices as the bulls held support all week only to break on Easter Monday. Our defensive positioning on these markets has not changed. Each rally attempt […]

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MCP Market Update: March 26th, 2018 – Support is support until broken

by | Mar 26, 2018

Equity markets are testing key support levels early this week. Defending the 200 day sma is paramount to the institutions. The US$ and PM's remain range bound while bonds look to be ending a corrective rally. Crude Oil appears to be on the edge of a major decline with historically high bullish sentiment. USDCAD is […]

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