The Lights Are On – For Now

Late last week congress avoided a government “shutdown” and passed an extension that pushed a budget decision out a week or so. If you remember, we’ve been through this before a few times over the last few years. Previously it had more drama and volatility in the markets. But now it seems that everyone knows…

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A “Dramatique” Market Open

The overnight futures markets just opened and it was a “dramatique,” open. Of course, I’m using the French word for dramatic, and that seems appropriate as the reaction seems to be primarily a response to the French Presidential election results so far. S&P 500 Future are up over 22 points, about 1% and Gold is…

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This could be it . . . or not

Both the S&P 500 and the DOW are showing very clear patterns, according to Dow Theory, that a correction has begun. This may not be the “Big One” yet, but we have a very high probability of at least a minor pullback before another move up begins. In the video, I walk through the pattern…

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Back to Basics

This week, earnings season kicks off with several big names like; JP Morgan, Wells Fargo, Citigroup and many others reporting earnings. In addition, Janet Yellen, Chair of the Federal Reserve will be speaking and is expected to answer questions about the “unwinding” of the Fed’s ~$4.5 Trillion balance sheet. These factors may bring the market’s…

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Bull or Bear Market? Maybe a “Cub”

I call this a “Cub” market because the evidence is continuing to point to at least a minor pullback continuing. We haven’t seen this clear of a bearish pattern since the election. Is this “The Big One,” the full-on Bear Market? No evidence of that yet, but we are looking at, at least a minor…

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