We argued earlier this week that the ‘Decade Theme’ suggested that the cyclical low for one or more sectors wouldn’t be made until some time closer to September. The idea was that the dominant theme from the...
Read MoreThe cyclical trend was somewhat stronger in trading yesterday in anticipation of something positive following the conclusion of today Federal Open Market Committee meeting. Bond and gold prices were a bit weaker along with the...
Read MoreWe are writing this ahead of the results from Greece’s election as well as the reaction through the Asian markets. We have absolutely no idea how the markets will deal with the news but, as usual, in short order the focus...
Read MoreEach day we set up the charts with the intention of making at least one specific point. Most days we think back on what we have written and wonder how it is that we can get side tracked so easily. It may be that our point or...
Read MoreTo cut to the chase the markets are essentially in a trend that is pushing bond prices higher in response to weakness in crude oil. In this kind of trend gold prices rise relative to crude oil which was definitely a feature of...
Read MoreWhen does an orderly markets rotation turn into a rout? One answer to this question comes from the action in the share price of Wal Mart back in 2008.We have argued that Wal Mart (WMT) tends to trend inversely to the price of...
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