These annual reviews are always interesting. This past year of charting, like most, saw some enormous successes as well as some lessons in humility. More importantly, though, the markets’ behaviour in 2023 offers vital insight into the year ahead. Equities As we noted back on Jan 10, 2023 in A Look Ahead at 2023, the … continue reading →
Tag Archives: harmonics
Futures are essentially flat ahead of tomorrow’s important CPI print. continued for members… … continue reading →
As noted yesterday, gold and silver reached our target ranges from mid-October. GC came up slightly short of its target from Oct 18 [see: Mideast Worries Mount]… …before being aggressively hammered. Silver nailed its target very precisely before meeting a similar fate. We’re faced with the usual questions after targets are reached: Was that it? … continue reading →
Futures are up moderately on positive earnings reports from several key equities. continued for members… … continue reading →
It’s been lonely maintaining that rates would continue to rise over the past 10 months. As we noted in Decision Time: “TNX…looks likely to test 47.55 after it digests recent gains.” After the 10Y topped its Oct 21 highs, folks started coming around. Now it’s looking fairly obvious.The only question is whether Powell will fess … continue reading →
Futures are loitering around the 50-day SMA, leaving SPX’s tag still up in the air. continued for members… … continue reading →
Futures are up moderately on USD weakness. The EURUSD has backtested its recently broken red TL and its SMA10, sending the DXY back below a TL it was threatening to break above. This supports our thesis that the SMA200 is the most important target, but that the tag might wait until it reaches 1.087 or … continue reading →
With the July meltup finally behind us, futures are off moderately. continued for members… … continue reading →
AMZN stock cares about its 200-day moving average. In fact, it cares a lot. When it pushed above its 2903 Fibonacci target in late 2020, it spent 8 months waiting for the SMA200 (the thick red line below) to arrive and another 11 months defending it. When it finally broke down in January 2022, it … continue reading →
Just saw that the great Tony Bennett passed early this morning. It was always a thrill to see him perform. He was one of the last great ones, and will be missed. * * * * * Futures are leaking higher on this OPEX Friday following SPX’s bounce off its .786 Fib. continued for members… … continue reading →