• 15 hours Tech Billionaire Takes Aim At Google
  • 17 hours Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
  • 20 hours Expect A Pullback Before Gold's Next Major Rally
  • 22 hours Why Interest On Gold Matters
  • 2 days Ten Extravagant Food Items For The Wealthy Only
  • 2 days Why Saudi Arabia Won't Give Up On The Aramco IPO
  • 3 days $32 Million Crypto Heist Halts Tokyo Exchange
  • 3 days Is A Gold Selloff Looming?
  • 4 days Central Banks Are Stashing Gold And Dumping Treasuries
  • 4 days Three Cannabis Trends Flying Under Investors’ Radars
  • 5 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
  • 5 days Amazon Teams Up With Lady Gaga To Win Over Generation Z
  • 5 days Dollar Falls As Powell Teases Rate Cuts
  • 5 days Will The World's First Trillion Dollar Company Ever Bounce Back?
  • 6 days Many Americans Will Never Stop Working
  • 6 days Mozilla vs DarkMatter: The Cyber Espionage End Game
  • 6 days Chile Cracks Down On Environmental Infractions
  • 6 days Warning Signs Emerge For Boeing
  • 7 days First Amendment Stands Strong In Trump vs. Twitter Showdown
  • 7 days Musk Bullish On Tesla Despite Executive Exodus
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

The State of the Trend

Three weeks ago we posted our upside targets for this year. And little has changed since then to alter our outlook. Expectations for a new round of stimulus from the Fed have pushed the major indices back to their April and May highs:

Should the QE III expectations be confirmed at the next FOMC meeting in September, or should there be some positive news out of Germany and Europe in the same time period, there is little doubt that the indices will continue on their upward trajectory:

The chart below clearly defines the short-term state of the trend for the Sp500. Volatility has collapsed since the beginning of August, and price has been stuck in the middle of daily Hurst Channels which define support for the upcoming week at 1380:

 

Back to homepage

Leave a comment

Leave a comment