A New Leading Indicator

Our membership promotion has been extended through Oct 3.  Annual memberships, ordinarily $2,000, are available for only $750.  It’s a huge $2,250 discount off a year of monthly payments.  A Charter Annual membership, a little more at $850, guarantees your rate will never increase.  BTW, this is the last time we’ll be offering Charter Memberships. … continue reading →

Important Support Just Below

SPX nailed our first target yesterday, and came within inches of our second.  After the close, the futures collapsed and finished the job, only to soar after the debate results suggested that FOMC members didn’t necessarily need to start polishing their resumes. However, the news cycle came roaring back overnight.  Deutsche Bank apparently didn’t go … continue reading →

Trouble Brewing

All eyes are on Deutsche Bank and Turkey this morning.  It’s been a while since I calculated wipeout ratios [see: Banks’ Wipeout Ratios], but DB is in worse shape than any of the other banks I looked at last year, with the possible exception of Goldman Sachs. Deutsche reported OTC (not total) derivatives in its 2015 annual report of … continue reading →

Catch Up Friday

With our latest forecast well on its way to proving its worth, I’m going to take the day to catch up on some of the secondary charts that have been woefully neglected.  Today, the focus is on oil.  Will there or will there not be an agreement to cap production? Reuters suggested overnight that it was … continue reading →

The Day After

Critics are roundly denouncing the Fed’s latest failure to launch as gutless, feeble-minded insanity.  And, they’re right.  There will come a time when the folly of not doing more to stave off the inflation part of stagflation is obvious. But, for now, the only data they’re dependent upon is the “market.”  And, all the major … continue reading →

So Far, So Good

As we expected, the BoJ left QQE largely unchanged.  Rates are unchanged, except for a yield curve twist that could marginally steepen the curve.  The amount of money being thrown at stocks/bonds remains unchanged except that the TOPIX will be emphasized over the Nikkei 225 (at least until they own most of the TOPIX too.) From … continue reading →