BC6

BC6

It's too late for the Fed to raise rates. Rather, the Fed will have to print trillions more in the years ahead to, yet again, bail out the likes of Mr. Buffett, who is too big (of a mythomagical persona) to fail.

BC6

The SPX is exhibiting exceedingly rare coincident indicators, occurring only twice in US stock market history going back to the 1920s, including: A Dow Theory sell signal. A Hindenburg Omen. A log-periodic, super-exponential blowoff that began in 2012 and resolved in 2014. A Coppock Guide/Curve "Killer Wave" (see Jim Stack of Investech). Weekly and monthly...

BC6

GOOGL is in a terminal log-periodic, super-exponential blowoff trajectory that could have reached price exhaustion as part of a truncated Elliott Wave (EW) 5th save, setting up a cyclical decline to around $300 (or perhaps below). The price and volume, however, allow for a final acceleration to the low to mid-$800s, but I would not be trying to catch such a...

BC6

The homebuilders are completing a terminal move for a cyclical Elliott Wave (EW) corrective projection with bearish volume, RSI, and MACD divergences appearing. Cyclical EW and TD supports are 22% and 55% lower. This is occurring with the US real median house price now at the bubbly levels of 2006-07 versus US real wages and salaries. A similar decline as in...

BC6

Like AAPL, IBB, and TSLA (among others), NFLX is exhibiting the terminal phase of a textbook log-periodic, super-exponential blowoff pattern and major cyclical top and sell signal, awaiting monthly confirmation.

BC6

TSLA is completing a log-periodic, super-exponential blowoff, double top, and major cyclical sell signal.

BC6

A super-exponential, log-periodic blowoff began in late 2012, culminating in early 2014, after which a second-order acceleration began after May 2014 and continues to date, although the price acceleration could be exhibiting exhaustion with the daily price breakdown today, Apr 27, 2015. A typical "anti-bubble" trajectory following a bubble blowoff implies IBB...

BC6

Please delete this entry. The chart is incorrect. Thanks.

BC6

AAPL is completing yet another log-periodic, super-exponential blowoff as in 2007 and 2012. Were the price and market cap of AAPL to continue rising at the trend rate since 2003-04 and 2013, AAPL's market cap would reach 100% of US GDP by the mid-2020s and 100% of world GDP by the 2030s. This is not unlike the bubble blowoff acceleration of CSCO during the 1990s...

BC6

A weekly TD sell signal confirmed the week of Dec 13, 2013, setting up a 3- or 5-wave decline to test TDST supports/stops around the 200 DMA and 1398/1329 in the next 7-8 to 13 to 21 weeks. If so, the optimal seasonal/cyclical short would occur on a rally back to the 50 DMA with volume and breadth non-confirmation and a bearish MACD divergence.

BC6

UPDATE: Possible setup here for the 32-37 price range. The projection for the potential bearish flag pattern is 32-37. EW 1.618x and 1:1 projections imply an eventual target at 28-29, i.e., near the IPO price.

BC6

UPDATE: Although it certainly could melt down from here, closing 11-12% profit. No need to be greedy in this manic market. UPDATE: Throwover and target range still intact. No doubt Twitterers are dumping shares with both hands on anyone who will bid. A possible bearish flag is forming with a price projection of 40-41. The big banks, brokers, and financial...

BC6

COH is tracing out a bearish descending triangle with bearish implications.

BC6

UPDATE: The 200 DMA is still in play with the confirmation of a weekly TD sell signal the week of Dec 13, 2013. UPDATE: A bearish price flip confirmed the daily TD sell signal with TDST 1680/1656 (futures), which is near the 200 DMA. A bounce off the 50 DMA back to the 1790 area is likely first before a resumption of the decline. UPDATE: One more close for the...

BC6

UPDATE: So far the weekly and monthly TD stops of 1817 and 1835 are holding as coincident daily, weekly, and TD sell signals perfect the week of Nov 25 (or one more close higher than the high two days before hereafter). Thus, the implication is that the cyclical bull market within an ongoing secular bear market is coming to an end. It's time to sell and step aside...

BC6

UPDATE: The weekly TD sell signal confirmed, possibly setting up the 200 DMA to TDST 1398/1329 in the next 7-8 to 13 to 21 weeks. UPDATE: A close the week of Dec 5 below 1770 or Dec 12 below 1798 is required to confirm the weekly 9-13-9 TD sell signal with TDST supports around the 200 DMA and 1330-1400. UPDATE: The cyclical bull market within the ongoing secular...

BC6

UPDATE: Will EW 62% retracement hold fora corrective a-b-c from the 380s? If so, the EW corrective c = a would take the stock price to the 260s. Were the stock market to be setting up for another recessionary decline as in 2001-02 and 2008-09 for 2014-15, an EW c = 1.382-1.618x a projects the 140s to as low as the 60s-70s (2008-09 lows). UPDATE: AAPL continues...