Last week, equities extended higher with what appears to be an overlapping ending diagonal with increasingly bearish momentum divergence. While there is no confirmation of a tradable top, there are warning signs as the semiconductors reversed sharply lower on Friday - when the leaders fall we need to take notice. The question is whether this […]

Last week, equity markets continued to rally in what appears to be a subdividing 5th wave of multiple degrees. The running of the bulls continues while we continue to see impulsive rallies and corrective declines - despite increasing momentum divergence, there is NO evidence of trend exhaustion or a tradable top. Bulls remain in control […]

Last week, equities rallied to new ATH's to extend the sequence of higher highs and higher lows as the daily RSI continues to compress. The question is how long and how far this rally can extend? While we continue to see impulsive rallies and corrective declines the bulls remain in control. We are however alert […]

Last week, equities pushed to marginal new highs before reversing sharply lower post-CPI on sticky inflation data. Equities appear to be wedging into ATH's on deteriorating momentum while holding near term trend channel support. The RSI compression continues to tighten but bears need to see downside follow through this week to break the bull trend […]

Last week, equities continued to rally for what appears to be a 5th wave subdivision and extension of multiple degrees. The bulls remain firmly in control with impulsive rallies and corrective declines driving the rally forward - the rally appears incomplete. Bears are running out of runway to stop this advance while maintaining 5th wave […]