Has a Bear Market Started? There has been talk in the trading community lately about the coronavirus triggering a bear market. Has a bear market started? Probably. Richard Wyckoff wrote extensively about reading the market’s technical signs and signals to gain an advantage in investing and trading. One of those signs is starting to unfold. This is a quarterly chart … [Read more...]
A Bar-by-Bar Assessment of the Current Market
A Bar-by-Bar Assessment of the Current Market In the midst of all the domestic and geopolitical noise, a bar-by-bar assessment of the current market indicates a pullback is likely. I certainly did not want to go home long on Friday night. But it wasn’t all because of the US – Iran conflict or impeachment. It’s also what the charts are telling me. A bar-by-bar assessment … [Read more...]
New All-Time Highs
New All-Time Highs The S&P 500 index, as represented by the S&P e-Mini futures, hit all-time highs this morning. I noted in my last post that should the market push higher and make new all-time highs, 3200 was the logical target. (You can read that post here: last week’s post.) On all major time frames (monthly, weekly & daily), 3200 is near or at the top of … [Read more...]
Signs of Weakness in the Markets
Signs of Weakness in the Markets On Sunday, I published a post highlighting multiple signs of weakness that taken together indicated a down move was likely in the US Stock market as represented by the S&P 500 futures. At that point, we saw these signs of weakness: overbought conditions on the weekly and monthly charts, a lack of demand at new all-time highs in the … [Read more...]
Holiday Trading
Holiday Trading We are in the holiday trading period. The US stock market, as represented by the S&P 500 futures, is in a strong move up. Point & Figure Charts indicate a potential rally to about 3500. We’ll see. Nevertheless, we have entered the American holiday trading period, which typically runs bullish into year’s end. With that background in mind, we will … [Read more...]
