A weekly closing in the Dow Jones Industrials below 17722 will confirm that the January correction where we have had that Panic Cycle due in the middle of the month is in play. This will open the door to a retest of the 16300 area. Keep in mind that we did NOT achieve the […]

  The resistance in the Dow Jones Industrial Index for today stands in the mid 16700 zone on a technical basis. Targets in time for this week were Wed and Friday with the latter being the main target. ONLY a closing back above 17010 would signal that the low is in place for a broader term. […]

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The Dow Jones Industrial Index has rallied into the 11th day from the low reaching 16529. The key resistance is still at 16650 and any breakout that will start to run to the upside will not unfold until we exceed that level, fall back to retest, and then run to test the 20,000 level. Today […]

The Dow Jones Industrials rallied sharply with the Fed starting to taper. We have a near double top but today was a turning point and this week was also a target for a Panic Cycle which seems to be on point. However, while the market remains strong long-term, there are signs of some exhaustion starting […]

The US share market is declining currently as people think the budget deal will help the Fed taper and then interest rates will rise. Of course, this is a superstition that is up there with the World is flat as well for anyone with a computer can simply correlate interest rates and the Dow Jones […]

I previously warned that there was a possibility that November would produce the breakout in nominal terms, but there was still a risk that we may decline into Jan/Feb to retest support first. This type of pattern would warn of a Cycle Inversion and this is what I am concerned about. The main Global Correlation […]

The Dow Jones closed last week above 15438 settling at 15570 but not yet above 15679. This suggests we should press a bit higher, but we are not in take-off mode just yet. Nevertheless, we should press high into this week where we may see the intraday high or the highest weekly closing.  

Gold has rallied up to the key resistance level. We now need a weekly closing above the 1423 level before we go further on any sustained basis. The Daily Bullish Reversals are 144500, 146200, and 147730. The Daily Bearish now lies at 135400 so watch that level below. We should have had a temporary high […]

The Dow Jones has been crawling higher but it has been unable to get through the key resistance at 16000. The oscillators are now starting to get tired on a daily level. A daily closing back below 15390 will shift the market into a declining position. We need a weekly closing below 14805 to suggest […]