Month’s End The tides will continue to govern short-term direction. The longer-term picture is the more interesting question. click chart to enlarge Subscribe to see the rest of this post.
Breadth Strong breadth today. S&P 500 had 337 advances and 166 declines on a down day. We should pull back consistent with the tidal model, but higher highs likely await in coming weeks. click chart to enlarge Subscribe to see the rest of this post.
Fresh Tides Tidal charts updated through mid July inside. click chart to enlarge Subscribe to see the rest of this post.
Weekly Update The FED plus the Tides continue to define equity direction accurately. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
The Blahs Conflicting forces pulling stocks both ways now. click chart to enlarge Subscribe to see the rest of this post.
Contrary That looked like a spike low in crude oil today. click chart to enlarge Subscribe to see the rest of this post.
Weekly Update Inside, the calendar argument for more upside. click chart to enlarge 3100 target? click chart to enlarge 2950 target? click chart to enlarge Diverging now! Subscribe to see the rest of this post.
Disconnect Short term markets remain disconnected from the long term disaster. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.