Weekly Update Q. Why are markets going up in the face of disaster? A. Cycles. click chart to enlarge Continue reading Weekly Update
Helpful Tape action is helpful for the bulls medium term, but not short-term. click chart to enlarge Subscribe to see the rest of this post.
Weekly Update The tides are serving us well. We will continue to swim with them. click chart to enlarge click chart to enlarge Subscribe to see the rest of this post.
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.