For months we have highlighted our model’s target of 2470 as a low for the S&P 500. In our November 11th post we showed our model’s bearish projection for the S&P 500 to have a cycle inversion targeting a drop to 2600 and even 2500 by year-end. In our November 20th post we showed the following chart of our models’ projected […]
Many industries and market sectors are, or are about to be, disrupted by the introduction of Artificial Intelligence (AI). Healthcare is a very large industry and market sector in most developed countries, often being the first or second largest national budget item. There are big dollars in play here. The healthcare digitization market is estimated […]
Stocks: The S&P 500 was down 62.87 points or 2.33% today and was down 4.5% for the week, its worst week since March. As we can see on the following chart the S&P 500 has been trading in a range between 2600 and 2825 and is now testing the low end of that range. If […]
As of right now GOOGLE / WAYMO has begun monetizing some of their self driving vehicles. Development of WAYMO self driving vehicles has been ongoing for over 10 years, and includes cars and trucks, as each is seen to have commercial potential. In four suburbs of Phoenix Arizona (about a 160 km zone) self driving […]
In our November 11/18 issue of the Trend Letter we showed a chart with our model’s bearish projection for the S&P 500 to have a cycle inversion targeting a drop to 2600 and even 2500 by year-end. With last night’s close of 2690 being sub 2700, we now have the scenario where this 2600 target […]
Market cycles tend to happen in waves, and technology companies have become a bigger and bigger part of recent market waves. Since about 1989, many tech companies have pushed their way into the top ranked firms in terms of capitalization, profits, and investment success. In the early days, it was just IBM and Microsoft. As […]
S&P 500: Another wild day in the equity markets with the S&P hitting a high of 2746.80, then hitting a low of 2685.75, before closing at 2701.58. As we warned in Sunday’s issue of the Trend Letter, instead of a year-end rally we could see a cycle inversion if the S&P cannot push through the […]
S&P 500: After a huge up day yesterday the S&P 500 consolidated today, closing down 7 points. The S&P is trading above its 200-day MA (pink line) and within its 2-year uptrend channel. The S&P needs to push above the 2830 level by Monday or it re-opens the door for a possible cycle inversion where instead […]
S&P 500: In Monday’s update we highlighted a potential scenario where depending on the election results we could see a quick drop to test the previous 2600 support level and if that level gave way, black box algorithmic SELL Stops would be triggered, causing a potential spike lower to 2500. We also noted that a […]
Stocks: In our October 24th Market Update we stated: S&P has been trading above its 9+ year uptrend channel, although it has now fallen below the upper level of that channel. All this action is bearish, suggesting that the S&P will very possibility test the 2600 level. Given that markets decline much faster than they […]