Summary observations: - a big week for bonds to see if TLT can bounce off its 200 day sma and hammer out a near term low - USDJPY breaking above 114.50-115.00 will likely signify an acceleration lower in Bonds and PM's - ES has enough waves in place to complete its impulsive rally - no […]

Important Note: This week I will be travelling and visiting family. I will still be available for questions but responses may be delayed. Apologies in advance. Last week we had good follow through on the turn we identified in the Bond, PM and Yen complex. Equities continued to grind higher with no signs of a […]

The global equity bull market continued higher last week as expected with the Nasdaq Indices finally confirming the recent highs of the majors. Late last week we were looking for a spike low to be formed in the Bond, PM and Yen complex. Friday's NFP provided a hammer low in an important support zone which […]

This week, I've decided to step back for a quarterly review of where the markets are at from a bigger picture perspective and focus on the next opportunities. - equity market rallies are extended and should be completing wave (3) - VIX shorts hit record ATH's - Looking for confirmation of a bullish US$ turn […]

Last week saw a continuation of the primary themes of global equity market strength, US$ weakness, rising bond yields and declining PM's. I am looking for near term trend exhaustion this week and the nature of these next moves (corrective or impulsive) will be key to the bigger picture direction of markets. Our thesis is […]