This week’s Update focuses on the market’s primary trend to the exclusion of micro counts given the unreliable nature of the low volume holiday period. Global risk markets continued to consolidate over the holiday period in low volume choppy trading conditions. The primary bull market trend for equity markets remains intact despite the Nasdaq indices […]

Last week, equity markets extended lower in what appears to be a complex correction but the risk is that a major double top is in place for the SPX. While no damage has been done to the bull case, warning signs are growing as markets reversed lower from marginal new ATH's led by the semiconductors […]

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 […]