The US equity indices continue to hold up and I have been talking about SPX needing to find a way to 2200 for a couple of months but think this is much closer to an ending than a beginning, especially since there have been calls for SPX 2500 now.
I’ve had a request to update the bigger picture bond charts and I’m happy to oblige. Bonds are behaving as they should if they have made a significant high as I have been talking about most of this year. Only thing that is surprising is the speed over the last month and in retrospect shouldn’t […]
The market continues to inch toward the August highs and the round number 2200 SPX. A small retrace or consolidation prior to punching over 2200 still looks better to me than punching to a new high now.
The market is being stubborn about giving the expected test of the break higher. I know I am turning into a broken clock on this but I just can’t be enthusiastic about looking for higher. In fact, I’m starting to get cold feet about pounding the table for 2200+ in SPX. Other major indices have […]
When I last talked about USO, the ETF that tracks crude, I had a slightly different count there than crude. I have decided it is a bit better and applying it to crude charts. It is more of a technical change with no bearing on the forecast which is for lower into the first half […]