We show important closing support at 16258.10 on our What-If Model. A closing above that level will help to firm today as at least a temp low. A closing ABOVE Friday’s close of 16459.75 will be an additional positive reflection that today’s low should hold at least initially. So far, the Dow has penetrated the […]

A false move is measured from the high, not current time. Therefore, a FALSE MOVE would be two to three months from the May high in the Dow, which means an August low. That can be on a closing basis with an intraday in September and a rally for the close, or it is just an August […]

The first possible time target coming out of the 2009 low was 2015.75 for the Dow to reach a Phase Transition and then a crash and burn. We stated in 2011 that the market was off to new highs, and Barrons even covered that forecast more as a curiosity. We have constantly warned that the Phase Transition was not confirmed yet. Indeed, the Phase […]

  The Dow has been dropping sharply ever since it elected the first two Weekly Bearish Reversals at 17732 and 17510. The next key Weekly Bearish Reversals to pay attention to today are 16910 and 16680. A closing below both would signal a sharp decline into next week; holding may warn of a temp low […]

China – Hillary & More   Part II

The support on our weekly models lies at 17253 and 17068. Weekly closings beneath these numbers will confirm that a correction is in progress. Keep in mind that a decline in the share market should send capital into a final spin with the rush to a flight to quality creating the last peak in government. […]

Standard & Poor’s 500 Index has lowered the credit outlook for the EU as a whole to NEGATIVE. SPIEGEL Online reported, in addition to the new aid for Greece, one of the reasons for the negative rating includes the investment plan by President Juncker to spend more money. No one comprehends that increasing tax enforcement and raising taxes is not […]

Once again, Microsoft screwed the world with its Windows 10 feature called Wi-Fi Sense. This nasty feature has serious legal implications for it will automatically connect your personal Wi-Fi network to anyone in your e-mail list using HotMail, Skype, or Outlook, and even Facebook, making those friends questionable. If any such person comes within range of your home […]

We have a Daily Bullish Reversal in the Dow at 18105.00. A closing above that will warn of a retest of the May high of 18421.13. We still do not see a major crash unfolding and the next three months will remain choppy. We have a serious risk of two patterns. Do we get the […]

So far, so good. The May high held for June and we achieved the lower monthly closing. Things will be choppy ahead for the remainder of the summer; hopefully we decline into October, leaving the May high intact. This would set the stage for a better recovery ahead. Our monthly Energy Models peaked January 2014 […]