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 […]

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 […]