Dear All: 1. There are 10 New Setups In This Week’s Report 2. Recent Media: Forbes: These Stocks Will Plunge If Clinton Wins Thursday, November 03, 2016 CNBC: S&P posts 7-day slide as US election fears linger; Fed holds rates steady Wednesday, November 02, 2016 Forbes: A Big Top In The Market & The Bearish…
Market Update: Notwithstanding more easy money from global central banks, the stock market is forming a huge top and continues getting weaker, not stronger. Keep in mind, every bull market in history has a definitive beginning and a definitive end. This bull market began in early 2009 and is getting “old” by any…
The tape remains very split but is getting weaker. This was the 8th consecutive week that the S&P 500 and Dow Jones Industrial average closed below their respective 50 DMA lines. More worrisome for the bulls, the Russell 2000 broke below the neckline of a big double top pattern (see annotated chart). Meanwhile, the Nasdaq…
Market Update: In a normal environment (and this market is anything but normal) we would say without a shadow of a doubt that the market is topping out and ready to fall. This bull market is getting older, not younger and the market action getting weaker. The S&P 500 is only up 30 points from…