Are Bears Doomed?

I received this excellent question yesterday from Tommy: Hello PW, you had the article “Eye Candy for Bears“. It has very good points to show the bear case. However, I wonder how a bear case would play out when the market is so bullish. Almost every day, the market jumps up with no news. (sometimes, … continue reading →

Eye Candy for Bears

A smattering of my favorite bearish charts.  Enjoy! We start with the well-formed megaphone pattern on DJIA… …and, its doppelganger on the S&P 500 from the 70’s. SPX (the thin purple line) raced ahead of DJIA at the top in 2000… …and, again over the past few months. The USDJPY recently reached the channel top … continue reading →