As I suggested/predicted last week (although I don’t rely on my predictions for my investment accounts) we saw a pullback in the price of US Equities over the past week: Although we have not yet broken out of the uptrend channel as defined by the heavy Aqua (upper) and Red (lower) lines I have drawn […]

This was a mixed week for US Equities with the markets showing strength at the beginning of the week but weakening towards the end of the week: Although the above chart is a little messy, note what I would consider a valid “Gartley” harmonic pattern. Regular readers will be aware that I have been looking […]

Last week I commented that we had just broken out of the recent downtrend channel (but maybe not  far enough to feel confident that we were totally out of it) but this past week saw a continuation of the bullish “bounce”: and US equities ended the week with a strong ~6% gain, Maybe we will […]

US Equities had a strong week with the S&P 500 Index ending the week ~5.5% higher than last week’s close: Prices have broken out of the downward trend channel but are sitting at the 440-445 level that may offer strong resistance and push prices back into the channel. Volatility has dropped from the 30% range […]

US Equities maintained their high volatility over the last week – primarily as a result of Russia’s invasion of Ukraine – and closed the week ~3% lower than last week’s close: The downward channel, as defined by the recent highest highs (heavy aqua line) and lowest lows (heavy red line), is narrowing and it looks […]