SPX, DJIA and NDX all ended the week at new highs. For them, the trend remains higher.What is most interesting is the small cap index, RUT. Not only did it lose 1.2% this week while the other indices gained, but it is now more than 5% off its peak. For…
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Once the early fireworks were out of the way, which included a spectacular but meaningless run to the next resistance lines around 2018, the market settled down to do exactly nothing. So what comes after nothing? The answer is in this report.
Obscured by stock market hoopla, and under the leadership of our fearless Treasury Secretary Jack Lew, the G-20 finance honchos fret about faltering global growth.
13 week and 4 month cycle projections dropped again, but short term projections firmed and have been hit, with a short term cycle low due now.
The market appeared to tip its hand on Thursday, both in the indicators for the broad market averages and in the cycle screening data.
The market is now threatening resistance in the 2010-2018 area and a number of cycle indicators are strengthening again. Where’s this thing headed? I tell you in this report.
Early openers trying for upside: Kiwis +0.3%, Aussies +0.3%, Nikkei +0.9% and Sth Korea +0.6%.
Aussie sectors mostly green: IT +0.9%, Healthcare +0.6% down to Miners/Utilities -0.3%.