Broader Market Review The major averages pushed higher yet again during last weeks holiday trading. The Dow crossed over another resistance level and is fast approaching a stronger and higher level that may cause a brief period of slightly lower prices but there is undoubted strength in the current market that should continue to propel prices higher into the New Year. Dow Jones Industrial Average ETF (DIA) weekly A Few Good Charts I was able to do a little charting this past week … [Read more...]

December 22, 2019  6:24pm PST Weekly Rant 2019 Headlines: Inverted Yield Curve, Recession, Trade War, Impeachment! Bahahahahaha! Noise. It's all noise. Turn off the TV. Stop reading the news. The entire year "they" have been talking about the yield curve inversion signaling a recession, the trade war causing a contraction or the impending impeachment unleashing all kinds of nasty uncertainty. When will they get it right? I'll tell you when...when it's over, when it's too late. They will … [Read more...]

The What The broader market, individual sectors, gold, oil, interest rates and small caps are all positioned as expected. The expansion is playing out pretty much like I have been describing for most of the year. The charts have projected virtually every significant broader market reversal this year. All archived published research/trade ideas here. The Dow, S&P500 and Nasdaq are all following my price forecasts higher like they have been reading my mail. Sectors are moving correctly. Gold … [Read more...]

Broader Market Review Broader market indexes, sectors, subsectors, bonds, and commodities are all behaving exactly as expected. They are positioned where they should be on an absolute and relative basis. The Dow, S&P 500 and Nasdaq have all released above, separated from and have now re-tested their 22-month resistance (yellow line that is now supported) with positive results. As you can see from the daily chart of SPY, the ETF for the S&P 500 index, as soon as price touched the yellow … [Read more...]

Notes that Float My Boat I hope you had a Happy Thanksgiving. I did. I'm pretty lucky to have a growing family to love..and lots of dogs too. insert smiley face here. I have an old friend who lives on Kauai that I have been thinking about all week. I was fortunate to see him last summer, after many years. He is literally all alone in the world. He has no family. He lives by himself. He eats alone. But, he does go to the beach everyday and still surfs and plays volleyball all day long so there … [Read more...]