Flashing signals
on Sep 1, 2009 in commentary Kass Doug Kass made news last week with his “market has topped“ declaration. Kass said that the market has more than likely peaked for 2009.  He believes the consumer is dry and can’t afford to spend money on anything but necessities.

China Revisited
on Aug 19, 2009 in sector rotation china As expected, the Shanghai Composite index encountered pocket resistance on the weekly chart.  Despite major news outlets decrying the 20% drop as the beginning of a bear market for China, it is actually a healthy pullback after a total gain of 109%...

Holy Cow
on Aug 12, 2009 in commentary sector rotation GS Goldman Sachs’ Abby Cohen is out encouraging investors last week to sink their hard-earned cash (most likely sitting in a bank account as savings) into the market.  Although she operates as a high-priced shill for the most part, she has impecc...

Buck puck
on Aug 8, 2009 in foreign exchange dollar gatetrader The dollar has been slapped around for quite a while now.  There are signals which suggests a trend change is in the making which will have a profound effect on commodity prices and markets. In early March a wolfewave pattern gave rise to a topping...

Advanced Warning
on Jul 28, 2009 in elliott wave ES Thanks to scooter for posting this updated AdvancedGET daily chart of the S&P 500 futures.  There is a rather large make-or-break (MOB) zone at the 980 - 1,000 century mark.  This target level was originally called in the Advanced GET blog post...

China Leadership
on Jul 14, 2009 in commentary china Back on November 5, 2008, this chart outlined the ascent and breathtaking fall of the Shanghai Composite Index.  This pattern played out a mere five years earlier in the Nasdaq Index.  The key to the bottoming process was the breakout of the steep...

Meandering Markets
on Jul 14, 2009 in daytrades ES h&s The markets tested the neckline of a two-month head & shoulders setup.  There was no decisive break and the markets should now test the 20 day exponential moving average (purple line).  Note how this has provided support well into the June time...

A Fork in the Road
on Jul 7, 2009 in commentary h&s mcclellan The market is now at a critical juncture.  Internals suggest that the intermediate term defensive / capital preservation team is now on the field.  A head and shoulders pattern (rounded top) is now visible on most major indicies.  Today’s pr...

In Goldman We Trust Bust
on Jul 5, 2009 in commentary GS From Matt Taibbi’s “The Great American Bubble Machine” in Rolling Stone Issue 1082-83. The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great va...

Sell in May and Walk Away
on May 13, 2009 in commentary mcclellan Markets have now lifted for the past nine weeks.  Beneath the surface, however, there are signals that structural shift has occurred in the overall market breadth.  The McClellan oscillator is very close to signalling a trend change in the summatio...