Last week, equities rallied as anticipated and broke out to new ATH's in what appears to be a 5th wave extension. The SPX, DJIA and NDX all pushed to new ATH's to help broaden the rally. We had been looking for a final 5th wave rally in the DJIA, NYA and RSP to help set […]

Equities rebounded last week as expected, but the rally in the leaders (SPX / NDX) appears impulsive while the laggards (Russell / DJIA) appear corrective - we therefore cannot discount the potential for a final 5th wave extension to marginal new highs to align with final 5th wave rallies in the DJIA, RSP and NYA. […]

Last week, global equities declined sharply from ATH resistance to start the new year with what appears to be an impulsive decline. The risk markets were highly correlated as the US$ (DXY), rates and equities all reversed strongly from year end trends. The DXY led the way as expected with a clearly impulsive rally up […]

Global equity indices extended higher into year end for a hard test of ATH resistance. While the rally is extended, there is no strong evidence of trend exhaustion or a bearish reversal as equities impulse higher into resistance. The US$ decline has extended into 5 waves down and has enough waves in place for what […]

NB:- This will be the last update for 2023. Wishing everyone a safe and happy holidays and a very prosperous new year. We will be taking some time off to refresh over the holidays and prepare for the new year. Thank you to all for your support as we look forward to the year ahead […]