• 325 days Could Crypto Overtake Traditional Investment?
  • 330 days Americans Still Quitting Jobs At Record Pace
  • 332 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 335 days Is The Dollar Too Strong?
  • 335 days Big Tech Disappoints Investors on Earnings Calls
  • 336 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 338 days China Is Quietly Trying To Distance Itself From Russia
  • 338 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 342 days Crypto Investors Won Big In 2021
  • 342 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 343 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 345 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 346 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 349 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 350 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 350 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 352 days Are NFTs About To Take Over Gaming?
  • 353 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 356 days What’s Causing Inflation In The United States?
  • 357 days Intel Joins Russian Exodus as Chip Shortage Digs In
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

A Reversal Coming To U.S. Major Indexes?

Technically speaking, this week could be very important for the major U.S. equity markets. There is an appearance of a “TOPPING PATTERN” forming. I am now awaiting confirmation by the actions of the equity markets, this week. Expect downward pressure beginning this month of August of 2017.

The Only Chart You Need To See!

There is currently limited upside potential in the SPX relative to potential downside for the months of August, September and the early part of October 2017. There are signs for the short, intermediate and longer-term trends returning for the best six months of trading officially inaugurated in November of 2017! This is the timing framework when ‘The Next Runaway Leg Up In The Stock Market Will Resume.’

In last weeks’ market action as the profit taking rotation out of the high-tech sector rotated into the Dow Industrials, it reflected a more defensive approach while being invested in “Blue Chips” during which time it achieved a new high.  Sector rotation increased especially noticeable in the transports and technology sectors that were leading the markets higher. If they continue lower, more sectors will join the decline. I am expecting a coming pop in the VIX on Aug 4, Aug 23, Sept 11 or 12 and finally Sept 28 or 29. 2017.  There was a flight to safety in the Yen as well as a strengthening of the price of Gold, Silver, Bitcoin and WTI Crude Oil.

An Unusual Anomaly:

Over the past couple of weeks, there was this unusual Anomaly which occurred, as you can see in the chart below.  It now makes me more cautious about our long understanding of risk interconnectivity”.

How can the equity, gold, silver, crude oil and bitcoin markets ALL go HIGHER together?

In short, the major equities trend remains to the upside but it’s likely to take shape in a slow grinding process with downward pressure starting in August fora couple months.

By Chris Vermeulen

Back to homepage

Leave a comment

Leave a comment