Last week, equities reversed sharply lower from resistance as geopolitical risks escalated. This is an important juncture for global risk markets. If equities push to new cycle lows, the corrective decline will be invalidated and bears likely take control from a big picture perspective with a bearish change in trend. Gold and Silver continued to […]

Last week, equities rallied strongly before fading late on the fear of an escalating middle east conflict. The risk markets are at an inflection point. The benchmark SPX / ES is now in a pincer move between the 200 and 50 day sma - we remain prima facie bullish but wary of geopolitical risk (as […]

Last week equities declined for a hard test of equality support at the 200 day sma before rebounding late despite hotter than expected NFP data. The bulls now have their line in the sand - global equity indices now have enough waves in place to complete a corrective decline. The onus is now on the […]

Last week, equities extended their decline into equality support as expected before rebounding late in the week. While there are now enough waves in place to potentially complete a prima facie corrective wave 4 decline, near term bulls should allow for a small degree 5th wave to marginal new lows to help complete the structure. […]

Last week equities broke impulsively lower as expected as rates pushed to new cycle highs. Global central banks continued to signal higher rates for longer, putting pressure on equities as we look for a hard test of equality targets and key 200 day sma support. Commodities traded sideways to down as economic growth expectations deteriorated […]