Last week, equity markets continued to consolidate below resistance while threatening to extend higher towards 5th wave targets. The troops are now following the generals for a hard test of ATH's. This week holds significant market risks as equities attempt to press higher in the face of key Inflation and Retail Sales data along with […]

Last week, the global equity market rally continued unabated with a clear broadening as the troops (Russell, NYA and RSP) finally broke higher to rally impulsively and play "catch-up" to the generals (SPX, Nasdaq and DJIA). This broadening of the rally warns of greater upside potential in a running of the bulls as we now […]

Last week, equities continued to extend higher towards bigger picture resistance in the holiday shortened week. The major indices continue to lead the way with the Nasdaq, S&P and DJIA continuing to impulse higher while the Russell, NYA and RSP rallies appear corrective (so far). These fragmented markets warn of greater risks going forward unless […]

Last week, equity markets continued to rally strongly on the back of a benign CPI and falling rates. The Nasdaq, SPX and DJIA continued to impulse higher while the Russell 2000, RSP and NYA lagged in what appear to be corrective rallies so far. The strength of this rally continues to warn that the bull […]

Last week, equity markets extended higher for what appears to be an impulsive rally for wave (a) or (i) of a larger degree advance. Near term, there are enough waves in place to complete 5 waves of the initial impulse so we should be alert to the potential for a corrective retracement. Bonds continue to […]