Analog On Track

Our analog seems to remain on track, with the next gut check coming up on Monday.  Oil has stalled, USDJPY has backed off, VIX has broken out, and futures are showing a modest loss.

Even NKD has obliged, breaking down after tagging our upside target.2016-12-02-nkd-60-0615

If you haven’t taken the time to wade through yesterday’s forecast update, I encourage you to do so.  There’s a lot of information there, and specific targets for the remainder of the year and into February.  For more, see: The Nikkei, Yen and Oil: Joined at the Hip.

Interestingly, I’m seeing more and more mainstream analysts (Gundlach, Gross, Kolanovic) begin to concur with our forecast, though there’s a divergence as to what happens around FOMC day.

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