"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 2 hours Gold Selloff Continues As Dollar Climbs Higher
  • 3 hours Gold Investors In A Frenzy Over Sunken Russian Warship
  • 4 hours The New King Of Electric Cars
  • 5 hours BlackRock Goes Bitcoin
  • 6 hours U.S. Banks See Best Earnings Report In Years
  • 8 hours The Case For Gold Is Not About Price
  • 10 hours Stock Market Sentiment Turns Bullish
  • 1 day What Is Bitcoin Really Supposed To Be?
  • 1 day The Surprising Media Giant Taking On Netflix
  • 1 day Cybersecurity Stocks Are Red-Hot As Election Looms
  • 1 day Americans Grow Weary Of U.S. Trade Policy
  • 1 day What Putin Really Wants From Trump
  • 1 day Europe’s EV Sales Growth Is Slowing
  • 1 day The Looming "Hyper-War"
  • 2 days The Real Winners Of The Real Estate Business
  • 2 days 3 Reasons Small-Cap Stocks Are Booming
  • 2 days Chinese IPO Fervor Slows As Xiaomi Disappoints
  • 2 days How Corporate America Is Filling The Gaps In Public Education
  • 2 days Bezos’ Space Flight Gamble
  • 2 days Is This The Answer To High Gasoline Prices?
Chinese IPO Fervor Slows As Xiaomi Disappoints

Chinese IPO Fervor Slows As Xiaomi Disappoints

The Chinese IPO space was…

3 Reasons Small-Cap Stocks Are Booming

3 Reasons Small-Cap Stocks Are Booming

As major market indexes waiver,…

Netflix Shock Hits FAANG Stocks Hard

Netflix Shock Hits FAANG Stocks Hard

Netflix released its surprising second…

Squawk Box Europe


Two weeks ago I indicated the index was going up into the 90 day time window and could be an important high or even a top. Please understand the trend remains in a strong position holding above swing highs and since the last low the sell offs have only been one day. So looking to short this market will be very high risk without some evidence but I do have a time window for the next three trading days that could be very difficult resistance. Price resistance is maximum 1012, then 995 and 963. A move above Tuesday's high seems likely and a break of the low of the high day would be the first indication a high could be in place.


This is the Feds worst nightmare. Rates are rapidly rising. Normally this would occur if the economy were improving. Unfortunately bonds could be falling due to the government policies and not economic demand -- we don't know. The Fed cannot control long rates-they have tried in the past a failed. So Bonds could ruin the part and should be watched. Best date I have to end the move down is around June 16th but that is not a high confidence cycle but is still a 60% probability. Could be still in a capitulation move down. Support marginally below 113 then 108.


Two weeks ago I said the US DOLLAR was in a panic move down and would not rally past 4 days until the panic was complete. I indicated the important dates were June 2nd (the current low) and June 8th. The 8th is Monday and could be another counter trend high if the index goes up into that date and would indicate the panic style of trend will continue. IF it moves up past Monday then the 2nd could be a low of some significance. If Monday is a high then June 20th and July 8th could be vibrations in "time" and the end of the cycle and possible end of the trend will be July 26th. If the Dollar is going down into that end of July date there will be one rally of 7 to 12 trading days before 26th. But for now the panic is continuing. This is very important IF Monday is not a counter trend high then a low of some significance is in place. The reason for this is the possibility of a "false break" low versus the December low if it can rally past Monday. If Monday is a high then that "time" factor will be valid.


Back to homepage

Leave a comment

Leave a comment