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

  • 13 hours Institutional Investors Hold A Lot More Crypto Than You Think
  • 14 hours U.S. Treasury Yields Could Be About To Break Out
  • 15 hours Tesla Stock Stumbles On Model 3 Cancellations
  • 16 hours Yuan Rebounds At The Expense Of The U.S. Dollar
  • 18 hours Iraq Unplugged: No Internet, No Protests, No Money
  • 20 hours The Tariff War Could Spark A Debt Crisis In China
  • 2 days Gold Selloff Continues As Dollar Climbs Higher
  • 2 days Gold Investors In A Frenzy Over Sunken Russian Warship
  • 2 days The New King Of Electric Cars
  • 2 days BlackRock Goes Bitcoin
  • 2 days U.S. Banks See Best Earnings Report In Years
  • 2 days The Case For Gold Is Not About Price
  • 2 days Stock Market Sentiment Turns Bullish
  • 3 days What Is Bitcoin Really Supposed To Be?
  • 3 days The Surprising Media Giant Taking On Netflix
  • 3 days Cybersecurity Stocks Are Red-Hot As Election Looms
  • 3 days Americans Grow Weary Of U.S. Trade Policy
  • 3 days What Putin Really Wants From Trump
  • 3 days Europe’s EV Sales Growth Is Slowing
  • 3 days The Looming "Hyper-War"
Chinese IPO Fervor Slows As Xiaomi Disappoints

Chinese IPO Fervor Slows As Xiaomi Disappoints

The Chinese IPO space was…

The Surprising Media Giant Taking On Netflix

The Surprising Media Giant Taking On Netflix

Professional wrestling is not often…

Netflix Shock Hits FAANG Stocks Hard

Netflix Shock Hits FAANG Stocks Hard

Netflix released its surprising second…

The State of the Trend

The trend is up, and as long as the SP500 remains within the green channel, there is no need to change our year-end targets:

While the SP500 has been in an uptrend since May '12, this wasn't the case for some European (Spain, Italy) and Asian (China, Japan) markets. The change in trend for Spain and Italy started in July, following Draghi's comments. China and Japan have started showing signs of upside reversal just recently, and have at least another 10% upside potential before running into resistance. All these positive developments should provide a favorable backdrop for the US indices.

Weekly Hurst Channel targets are 1500 and 1525, while the pivot line is at 1413.

 

Back to homepage

Leave a comment

Leave a comment