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 […]

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: 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: The S&P 500 rallied over 1% for the 3rd straight day for the first time in six weeks after Trump tweeted that he and Xi of China had a good conversation on trade. However, in after market trading Apple shares were down up to 7% after it warned that it could miss its December revenue target […]

Stocks: Today stocks fell sharply lower as losses accelerated into the close, which put both the Dow and the S&P 500 into the red for the year, and the Nasdaq into correction territory (10% decline). The S&P dropped whopping 84.59 points or 3.09%. There are lots of news items driving this decline, but we believe that politics […]

We follow the trends and capital flows. Remember, this is a global market, it is all connected. Stocks Today was the 31st anniversary of ‘Black Monday’, when in 1987 the Dow dropped a massive 23% in one day.  Today we saw nothing like 31 years ago, with the S&P 500 up almost 30 points, before […]

We follow the trends and capital flows. Remember, this is a global market, it is all connected. Stocks A wild ride today for all core indices. The S&P 500 hit an early high at 2775.77, only to give it all up and drop to 2730.23 by noon, and then recover and close at 2767.13, ending […]

We follow the trends and capital flows. Remember, this is a global market, it is all connected. In our Sunday issue of The Trend Letter we posted the following chart highlighting how the S&P 500 had broken below immediate support (yellow highlighted area) and warned that a break below 2825 (green line) would open the […]

This bull market in stocks is still very much alive, and we are even anticipating a powerful run or ‘melt-up’ before it is all over. But after this big ‘melt up’ we expect that we will have a ‘melt down’. Whether our prediction of a melt-up is true or not, the next question is when […]

In the last few days we have received various forms of this question. Why should we care about a currency crisis in Turkey? The reason that investors need to ‘care’ about a currency crisis in Turkey is that despite all the trade war talk, we do live in a global economy. In The Trend Letter we cover global […]