When I looked a few weeks ago at the stat for the first five days of the year I found that the correlation with the yearly close there was essentially random, so I was wondering when I had a look at the full January Barometer stat whether I would find the same but was pleasantly […]
read more »Between cancer treatments (for my wife) and some serious IT issues I didn’t manage a post last week, and have a bit of a conundrum this week as the post I’d ideally like to have published today would have involved too many charts and and an likely indigestibly large quantity of numbers for a single […]
read more »Apologies for the lack of a post last week. Some of you know my wife has some health issues at the moment and they have me distracted. I’m doing this post tonight because SPX is at a key inflection point and because the way this breaks may deliver the direction for the rest of January. […]
read more »Boy – ‘Do not try to bend the spoon. That’s impossible. Instead …. only try to realize the truth.’ Neo – ‘What truth?’ Boy – ‘There is no spoon’ From The Matrix – 1999. One thing that has been strange in the last few months is the virtual media silence about the Fed’s increasingly aggressive […]
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The holidays are ending and volume should be coming back into markets next week as players return. New Year’s Day on Wednesday is obviously a holiday as well, and the five trading days after that will be closely watched to deliver an indication of how the rest of 2020 might go. I’ll be looking at […]
read more »Well the holidays are upon us, and many of those of us with lives, or even just social lives, have taken a couple of weeks off to do non-market stuff. Even the algos seem suspiciously quiet and may be taking a few days off too. I’m still here because …. well ……. it’s my job, […]
read more »A week ago I was looking at upside targets on ES and the extended target on ES was in the 3180 target, made by the close of the week. I had other upside targets too with an extended IHS target on NQ that made target at the same time, and bull flag high retests on […]
read more »I was talking about mean reversion in my post at the weekend and that was well timed, with the first spike down on Monday. The daily RSI 5 sell signal fixed and reached target and there was the first sustained break under the SPX 50 hour MA since the cross back above that in the […]
read more »I’ve been talking in my last few posts about expecting a significant high at the end of November, to be followed by a downward cycle into April 2020, and here we are at the end of November, so how’s that looking here? Well as it happens a rare and significant event happened at the close […]
read more »I remember my father giving me an example a long time ago of the dangers of forecasting through extrapolation, and it was to imagine a man who had stepped off the top of the Empire State Building, and was overheard to murmur as he fell past the 51st story ‘So Far, So Good’. The point […]
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