S&P 500 – Page 159 – Spiral Calendar

Weekly Update

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This rally has seen some impressive stats, but the S&P breadth oscillator is not one of them.

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Oil vs Yen

Oil and dollar yen are trying to pull stocks in different directions. Oil is winning that battle short-term, but this oil rally comes with a likely expiration date.

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There’s quite a bit of short-term upside momentum present. If a top forms now, it will need to be a spike-type reversal. Now my general observation is to expect spike lows and rounded tops in bull markets, and spike tops and rounded lows in bear markets.

A spike top now will benefit the bears as it helps confirm the nature of the larger trend.

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Continue reading On the Nature of Tops

I Apologize

My Solunar and Tidal spreadsheets are a little bit complex. Once again, I was reading the wrong column for the dates. Here are the corrected tidal and combo charts, which shift the dates forward by about two calendar days.

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Weekly Update

Is it roll over time?

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The Big Double You

I'm seeing a lot of charts on twitter showing the W bottom that formed in Sep-Oct and comparing that to the current market with a bullish conclusion. The chart inside suggests a different outcome.