The Dow finished up on Friday, but off it's high as selling came in late...notice the sincere break of the trend line last week and Friday's action came back to kiss the under line..odds are that this week coming is down. Just a few days until the big show, the outcome has already been decided, they are selected, not elected. Whatever the outcome of the theatre,...
Our top trend line has been touched a few times and rejected now, three days of falls could be the catalyst of the top being in and the early beginnings of a major turn down. Down days repeatedly see increased volume compared to light volume on up days...usually the market hold up until the Punch & Judy show in November. They don't ring the bell at the tops, lets...
Another week and another rally based on hope, our trend line has been touched courtesy of the Fed's juicing, or should we say, their admission that the U.S economy is in sincere trouble. The big question now is, will it reverse down from here or one last and very final push to the next trend line, around 700 points or so... this one is 50/50. Most bears have...
The past week and into this week coming should see a continuation of the rally, we know the Fed are going to cut, only because the economy is breaking. We watch the top red line, another 1% or so and that should be very close. Some are calling for an everything melt up, but remember, the Fed cuts after a raising cycle and the stock market and economy tanks. The...
Each and every end of a rate hike cycle has been met with economic recession or worse. The Fed will cut and the markets will implode, why? because the damage has already been done. All the fudging and manipulation the past few years will be exposed, GDP growth is a farce, high inflation has eroded your purchasing power for three years. Wages are rising a fraction...
The Dow had a volatile week, Friday's action, a red Doji candle... bearish! Our actions are to sell strength or rallies, notice how the market retraced 38.2% repeatedly? It is struggling, Thursday's rally was driven on short covering, volume is low on the rallies. The question is whether this is a minor wave 4 and wave 5 to follow or we have had only wave 1 down...
After what seemed eternity, stocks have topped across the board, never ending rallies, fed on nothing but hope that the Fed will cut, we repeat, the Fed does not or will not cut until the economy is in recession. Red warnings have been here for months, volume this past week was way above average in the heavy selling. Folks are getting out of the Nasdaq hyped...
Risk is growing each week in stocks, months of hope that rates will be cut are nothing more than a mirage. This constant sideways action will resolve itself very soon, only a handful of stocks are supporting markets from collapse. We have spoken many times of some event that spooks the markets, we also warn that whatever eventuates, this will be a cover or blame...
Markets have topped out after months of belief that the Fed would drop rates. The Fed will NOT drop rates until the economy is in recession and the markets collapsing...that is how they function. An initial selloff into mid April has been met with a weak bounce so far, this is your prime moment to load your shorts and prepare now for the mother of all bear...
Wave three down continued last week without pause. The Dow down, especially heavy on Friday, expect at least some follow through...perhaps a bounce for a few days to relieve the selling pressure. There is no doubt what situation we are in regards the waves down, it's just a question of when the capitulation phase hits, we wait for the "MSM" to announce it...
Another week, another nail in the coffin. Confirmation of wave three down, 1st August is dust, wave two up is dust...now comes the reaper. The designed collapse is well and truly upon us, the next phase is painful for many, wipe outs are approaching. You can still absorb this coming mess by mitigating risk, reducing debt and hedging your bets. Short the markets...
For many months, the world markets have risen and stayed afloat on sheer hope. This veneer of deception is unravelling in front of our screens, this market is walking on eggshells, instead of crunch, it will be a crash. We are in the throes of a wave three down at higher degree, the weak rally the past week has worked off the oversold condition, it's either over...
Another week passes, still the rally is intact, Friday's action witnessed heavy selling and a complete reversal of Thursday's fake out move. For many months now, we have had a rally built on rate cuts coming, the fly in the ointment is a stronger economy and inflation woes not subsiding. Oil prices feed through to the economy, the economy itself is not strong,...
Another down week for markets, the trend line broken through and Friday's action has the look of a kiss back touch. There is little enthusiasm to buy stocks, the Fed has made it very clear that rates have further to rise before they are done. The market collapse which is being engineered, will ultimately result in deflationary pressures, the Fed's goal of 2%...
A down week for markets and the Dow finishing with a green doji, slight positive bias. Expect some form of bounce tomorrow into mid week, we either bounce from here or slice through the red trend line. Chinese real estate woes are a harbinger of global contagion about to implode. Rate hikes are feeding through the system, loan defaults are surging, the Fed will...
It's been a few weeks since our last idea, busy schedules and letting the market play out. Our short side, albeit small, has endured weeks of blow off or throwover price action. No matter what you believe, a collapse is planned and will eventuate to look believable. The Dow had a weak week, spiking early on Friday and fading into the red. Early signs of a major...
Our idea last week called for an imminent top, despite all the bullish mantra that typically abounds, talk of breakouts, new highs, bulls in control....poof! This is how bear markets work, sucking in the hope that the worst is over and then it strangely turns down. Our idea on the 4th of June called specifically for a small throw over move later into June above...
Another week, another Fed goosing passes...the fictitious inflation number continues. Their intentions are more rate rises, they are far from done. A goal they state of 2% can only come about by far higher rates or a collapse. Dow 34500 has been hit, despite the Fed's foot off the pedal, the market could not follow through Thursday's rally and ended with a...