Market Updates

Whoa! That was the fastest 10% broader market dip in history. Volatility hasn't spiked this high since the financial crisis in 2008. And bonds! What's going on there? The 10 Year is now under 1%, yielding .767%! It was almost 2% at the beginning of the year. It's dropping faster than a cruise line ticket to anywhere. And oil! It's rolling over like a loose tumbleweed down Main Street in West Texas. That bubbling crude wouldn't buy a hillbilly a Beverly Hills parking spot at these prices. At … [Read more...]

I'm as stunned as everyone is. I would never have thought we could be down 3,500 Dow points from last week. 1,000 points, yes. 3,500 points, no way. In fact, I did forecast a steep and deep drop of 1,000 points during late February and wrote this two weeks ago: “Short term, the model shows another dip soon. Before the end of the month the Dow Jones Industrial Average could begin another 1,000 point retracement (price adjustment) to the ascending pink line support, just like it did two weeks ag … [Read more...]

Broader Market Review We are right in the middle of the dip I described and projected last week in my report "Weed, Bitcoin and Fake Meat", dated February 17, 2019. I wrote: "Short term, the model shows another dip soon. Before the end of the month the Dow Jones Industrial Average could begin another 1,000 point retracement (price adjustment) to the ascending pink line support, just like it did two weeks ago. If you want to take some profits, now would be a good time. I would es … [Read more...]

The pundits are proclaiming that bonds will rally from here and it's time to raise cash by selling stocks. Very short term, they might be right. Longer term, not so much. Broader Market Review The 1,200 Dow point surge off my February 3rd projected reversal bottom has been impressive, to say the least. The broader market indexes made new highs and the expansion marches on. My longer term forecast remains unchanged: a robust 2020 expansion with the usual chop, a seasonally weak summer and … [Read more...]

Impeachment concerns: gone. Coronavirus worries: hopefully waning but probably providing multiple lower entry opportunities. Foreign military issues: "normalized". Trade wars: not so much. Recession talk: blah, blah. Tesla rip: unbelievable (Go Elon). Dow reversal off bottom last week: just beautiful. Bitcoin bottoming? maybe. My 50th high school reunion this year: Holy @!#&*! Batman! Broader Market Review What a wild week! The Dow reversed higher as projected last week. It bounced p … [Read more...]