Last week, global equities declined sharply from ATH resistance to start the new year with what appears to be an impulsive decline. The risk markets were highly correlated as the US$ (DXY), rates and equities all reversed strongly from year end trends. The DXY led the way as expected with a clearly impulsive rally up […]

Global equity indices extended higher into year end for a hard test of ATH resistance. While the rally is extended, there is no strong evidence of trend exhaustion or a bearish reversal as equities impulse higher into resistance. The US$ decline has extended into 5 waves down and has enough waves in place for what […]

NB:- This will be the last update for 2023. Wishing everyone a safe and happy holidays and a very prosperous new year. We will be taking some time off to refresh over the holidays and prepare for the new year. Thank you to all for your support as we look forward to the year ahead […]

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 […]