What was weird? The overnight market open was a little weird. I gave the French spelling of it, because of course, this is a reaction to the French Presidential election. The first weird thing is that this is the first major election in recent memory that the polls...
Late last week congress avoided a government “shutdown” and passed an extension that pushed a budget decision out a week or so. If you remember, we’ve been through this before a few times over the last few years. Previously it had more drama and volatility in the...
The overnight futures markets just opened and it was a “dramatique,” open. Of course, I’m using the French word for dramatic, and that seems appropriate as the reaction seems to be primarily a response to the French Presidential election results so far. S&P 500...
Both the S&P 500 and the DOW are showing very clear patterns, according to Dow Theory, that a correction has begun. This may not be the “Big One” yet, but we have a very high probability of at least a minor pullback before another move up begins. In the video, I...
This week, earnings season kicks off with several big names like; JP Morgan, Wells Fargo, Citigroup and many others reporting earnings. In addition, Janet Yellen, Chair of the Federal Reserve will be speaking and is expected to answer questions about the “unwinding”...
I call this a “Cub” market because the evidence is continuing to point to at least a minor pullback continuing. We haven’t seen this clear of a bearish pattern since the election. Is this “The Big One,” the full-on Bear Market? No evidence of that yet, but we are...
