Last week, equities extended higher but the laggards took the lead as the Russell 2000 broke out from its triangle consolidation and the DJIA pushed to new ATH's. The leaders (SPX and Nasdaq) pushed marginally higher but their impulsive rallies appear extended and more at risk of trend exhaustion. The bull market in equities remains […]

Last week, the equity market leaders extended higher in yet another impulsive rally to new ATH's. The leaders continue to subdivide higher as we look for evidence of trend exhaustion but the trend is your friend until it bends. The DJIA and Russell continue to consolidate within what appear to be near term triangles - […]

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 […]