Last week, equity markets traded sideways to down in what appears to be a corrective decline but the cash indices are warning of a potential top. We do NOT have confirmation of a tradable top in the SPX or Nasdaq despite there being enough waves in place to complete the rally. The risk remains for […]

Last week, equities pushed higher as expected as the Nasdaq and SPX now have enough waves in place to potentially complete its impulsive rally for wave (v) of 5. The onus is now on the bears to make a stand and reverse the previous rally with an impulsive decline. We are now at an important […]

Last week, equities extended higher as expected with the SPX and Nasdaq impulsing to new 5th wave highs while the DJIA and Russell 2000 continue to lag in corrective rallies. While there are enough waves in place to complete 5 up for the leaders, there is no evidence of a tradable top and the potential […]

Last week, the equity market leaders pushed to new ATH's as expected while the laggards continue to underperform. Bearish momentum and intermarket divergence continues to build across the board as the bull market potentially nears an important juncture and top. The stronger than expected NFP saw a sharp bullish reversal in rates and the US$ […]

Last week equities corrected lower as expected before reversing sharply higher off our 50 day sma trend support. While the laggards (DJIA and Russell) continue to underperform, the leaders (SPX and Nasdaq) continue to lead as we look for wave (v) of 5 up to new ATH's. Ideally, we'd like to see the leaders push […]