Update on COMP: Dec 7, 2018

Don’t look now, but COMP is approaching our 6760 target.  As we discussed on Oct 10 [see: Plan B] COMP faced significant downside if its 200-DMA didn’t hold. Bottom line, it didn’t.  It was off as much as 13.3% last month before beginning a bounce that was destined to fail.  Next week, it will get … continue reading →

The Yield Curve’s Warning

NOTE:  The Dec 6 post is combined with this one from yesterday.  All targets remain unchanged from last week.  *  *  * Technical analysis encompasses a wide array of indicators — sentiment, flow, volume, open interest, moving averages, momentum, chart patterns and Fibonacci patterns.  Many fundamental analysts disparage the practice, but begrudgingly dabble when a … continue reading →