Only 2 of the DJIA components are currently at new all-time highs: BA and PG. Boeing gapped and ran up on earnings news with a boost from HFTs and buybacks. Currently, the number of shares held by institutions is dropping. Vanguard, Blackrock, Price T Rowe, State Street, Capital World Investors, Northern Trust, all giants of the Buy Side, have lowered held...
This chart shows the correlation of the Dow Jones over time with the "official" Unemployment Rate here in the U.S. Its interesting at least to see how well the Unemployment rate dictates the tops and bottoms in the Dow Jones practically to a "T". Please comment and let me know what you think of this idea... Also, I have inverted the unemployment rate and...
So I see that the Fed Chair Powell just bowed down to the USA President and hinted that he might not rise rates again this year and might slow down the rate at which he would raise rates in the future if the current state of the economy continues? Well, if you read all the noise...I meant news about it, you would believe that this breaking news is what sent the...
I explain in the screencast why I think 'crash' is an irrelevant issue. It is impossible to know whether 'we're in a crash' because a crash can only be discovered well into into it or after it has happened. True trend-followers will appreciate that all one can do is find a suitable trend - and follow it. Simple but I didn't say it was easy. In fact I will...
USA30, Daily On the third Monday of October 1987, Black Monday, as it became known in the financial markets, happened. October 19 1987 saw the largest single-day fall in global stock markets, and the Dow Jones Industrial Average (USA30) also fell a record 23% in a single trading day. In Europe the UK FTSE100 (UK100) fell on the Monday too but worse was yet to come...
Crystal balls are either cracking or working overtime around the world in attempting to predict what's going to happen with Wall Street. See also What rules the world? As I said so many times before, 'nobody can predict anything' in stock markets or any other market - for the simple reason that nobody owns the future. In this screencast, I show a bit of my...
In this video I review again some evidence that everybody can see with their own eyes. The US30 or the DJI is in trouble. There are observable signs of a trend change in a parabolic picture from the Weekly right down to the 4H time frame. The market is convulsing with hope and greed. But the geopolitical situation is very unstable at at this time, and a...
Its worth considering what market cycles can tell us about when this run will end. I won't (can't) explain the logic behind cycles, but they appear in every aspect of nature, which includes human behaviour. Seasonality is a well known example. Using the Dow Jones as a barometer, its clear that there were 7 years between the 2002 and 2009 lows. We can't...
Kondratiev wave The economic cycle has four phases: improvement, prosperity, recession and depression. Now we are in a phase of recession or inflation Economic bubble. Within the next 5 years there will be big changes in the world. Shange of the financial system, the educational system, technology. In 2000 We didnt moved from the 20th to the 21st century. We use...