Breaking away…

Posted on Jan 04, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr LD=0&mn=6&dy=0&id=p70142979615&a=266398464

These are stong buying signals.  We are buying more UPRO ($spx) and QLD (QQQ)  At the moment there is no defined resistance overhead. We think the last thre wavelets here are constructive to the trend.

And, also (!) the state of the parabolic wave is murky, but always present.  Don’t overtrade.  As we were saying, don’t overtrade but be prepared for a surging market.

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Santa Claus rally? Bah humbug…

Posted on Dec 26, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=6&dy=0&id=p58348629240

Hello Rudolph.  We’re in a bull markeet.  Look at that wave.

Myth sellers were out busily selling the Santa Claus rally.  Why?  Because –because it always happens.  Maybe but what about what the chart says?

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=6&dy=0&id=p47302812113

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Food bank time in a time of madness…

Posted on Dec 07, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

If you can’t smell danger you’re not listening (or smelling).  Bitcoin goes to $15000, a crazy tax bill pokes its head up (like the monster from the black lagoon), Trump sets the mideast on fire…Name your poison.

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We are not Satoshi Nakamoto. The bull is loose…

Posted on Nov 28, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

We are also not Elon Musk and do not drive a Tesla.  We do drive investment accounts which keep buying the market, and when you look at this chart you can see why.  The bull is loose.  Breaking out to new highs after an abortive pullback.   Shortly we will publish a letter assessing the future for the market.  For now buying looks like the smart thing to do.

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