Last week, equities corrected lower as expected for what we expect to be a wave (ii) of 5 consolidation into 50 day sma support. Our base case remains unchanged for a wave (iii) of 5 rally to new ATH's into year end. What is concerning is that the Nasdaq leaders started to lag as the […]

Last week, equity markets extended higher to help confirm the impulsive rally from recent swing lows and set up a Santa Claus rally into year end. All major indices remain bullish while above recent swing lows as we look for a 5th wave extension through new ATH’s to potentially complete the primary bull trend from […]

Last week, equity markets rallied strongly from key support to help set up a potential Santa Claus rally into year end. All major indices remain bullish while above recent swing lows as we look for a 5th wave extension through new ATH's to potentially complete the primary bull trend from the April lows. From a […]

Last week, equity markets continued to trade sideways to down for a hard test of key support for this complex wave 4 corrective retracement. Welcome to Thanksgiving Jeopardy - while the market has held key support, the structure of the decline is no longer "clearly" corrective and is warning of more bearish potential. The big […]

Last week, equity markets continued to trade sideways to down as the distribution and corrective consolidation continutes. The primary trend remains bullish within a wave 4 corrective consolidation before a final wave 5 of (5) rally into year end. Inter-market divergences continued as the DJIA made new ATH's while the Nasdaq and Russell extended lower […]