Mexican Peso Update

Mexican Peso Update

It appears as though Americans living in Mexico have again avoided the bullet. The USD has once again rallied at a crucial time. While the USD appears to be in a bear market, we have seemingly put in an intermediate-term bottom. From 2012 through January of 2017 the...
Is This Market in a Bubble?

Is This Market in a Bubble?

So, what are you thinking about the markets now? Is the correction that we have been through still too much on your mind? Are you thinking about moving out of the markets based on some commentary by alleged experts?  Our emotions sometimes get in the way, perhaps...
Mexican Peso Followup

Mexican Peso Followup

We are at a critical juncture for the USD/Mexican Peso, it all comes down to whether the dollar can put in a decent rally. So far today, the dollar is rallying, the question is will it continue. If it does continue to rally then we may have put in an intermediate...
Mexican Peso Update – US Dollar Hurting Once Again

Mexican Peso Update – US Dollar Hurting Once Again

Congress’s bipartisan vote last week to increase spending by nearly $300 billion over the next two years comes on the heels of a $1.5 trillion tax cut that could boost domestic demand and the country’s trade gap. These deficits are the reason for the weakness in...
What Could Lie  Ahead for the Markets

What Could Lie Ahead for the Markets

In 1976 I began a study in technical analysis with the Stock Market Institute. Much of what we studied was based on the work of a gentleman named Richard Wycoff. One of his simple studies analyzed market cycles, they are still very relevant today. No one really knows...
What’s Next – Consolidation or More Pain?

What’s Next – Consolidation or More Pain?

There is little that I can say to quell the panic that many of you may be experiencing. I guess you could say that the complacency that we were experiencing is now a thing of the past.  I mentioned the possibility of a correction on January 23rd in this article. I...
Testing Market Bottom Once Again

Testing Market Bottom Once Again

It now appears as though we are going to see a further test of Monday’s low. As of yesterday sentiment has reached levels capable of creating a market low. The Fed would probably like to have the market rising again before the Humphrey Hawkins address. We have...
Trying to Find Bottom

Trying to Find Bottom

The market spent the day testing and testing and was successful! Shall we see what it looked like! The futures market, for Wednesday’s opening, is indicating that the markets will open down again. The market has gone through a lot of turmoil and with the threat...
Another Big Down Day – Dow Down 1175 Points

Another Big Down Day – Dow Down 1175 Points

We had no trouble getting to the 2700 level on the S&P 500, there are now 2 other levels that we could reach as I pointed out in my last post. We are approaching the 2600 level with today’s close at 2648, 2500 is a possibility as well. The S&P 500 was...
Weekend Report

Weekend Report

We have to realize that at every intermediate cycle decline (profit-taking), the media is going to find a reason for why the market is topping. The end of QE1, QE2, QE3, QE over with, raising interest rates, Brexit, Presidental election, North Korea, it just keeps...

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