Wed August 16, 2023

Selling might not abate until post Jackson Hole; Top Retail names to consider technically

MARKETS HAVE LARGELY EXITED THE EARLY MONTH WINDOW WHEN A LOW WAS POSSIBLE.  WHILE A COUNTER-TREND SNAPBACK IS POSSIBLE AT ANY TIME, THE TREND REMAINS NEGATIVE IN THE SHORT RUN...

Mon July 31, 2023

Copper breaks out while Crude nears initial upside target

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT MIGHT VERY WELL PROVE SHORT-LIVED AND NOT UNDERCUT 4500 RIGHT AWAY.  8/7-8/9 LOOKS IMPORTANT FOR A POSSIBLE TURN.  ULTIMATELY,...

Fri July 7, 2023

US Dollar has begun its decline back to new 2023 lows

TREND BULLISH- EXPECTING THAT MINOR PULLBACKS SHOULD PROVE SHORT-LIVED AHEAD OF PUSH HIGHER BACK ABOVE SPX-4500 This week’s churning in US Equities can’t yet be called complete, but a rally...

Mon February 13, 2023

Selloff in Metals should conclude by late February

The near-term bounce ahead of the all-important CPI data looks to be nearing a critical area Monday which will need to be exceeded before thinking Equity markets are in the...

Fri October 14, 2022

Crude oil looks close to bottoming while USDJPY is nearing a peak

$SPX has now declined 7 of the last 9 weeks, and while a larger rebound does lie ahead, the near-term remains tricky and volatile.   Looking at Friday’s action, the sudden...

Wed September 7, 2022

Gold, Silver likely to shine as US Dollar rolls over

Bottom line, the $SPX bounce needs to surpass 4019 to have real confidence in this move extending. While I’ve expected a rally from 3920-5, there remain two possible areas of...