NEW WAVE OF DEFLATION Based on my view of the CRB and oil and my bull market in the US $
World Stock Market ETF has broken structure signalling a potential reversal in trend.
World markets held up by stimulus but losing momentum and seeing large-scale divergences. Only a matter of time until they roll-over.
VT is World ETF & VEU is EX-US. Since 2008 With VT has greatly outperformed up 100% while VEU (EX-US) is only up 19%. Clearly, large excessive deficits and QE have flowed into the US since 2011. Now we are seeing 2 possible bearish structures. VT has a lower high possible M pattern, while VEU has a Head and shoulders pattern. This week will be important to see...
I AM NOW MOVING TO A NET SHORT OF 75 % IN ALL INDEX AND NET LONG CALLS IN VXX SPIRAL CALENDAR DATE FEB 9 PLUS OR MINUS 1 TOP AND EVENT LOOK FOR A MINI CRASH PHASE TO START NOW
From the panic low spiral cycles of 5 degrees on time window march 18 to 21 2020 . I must now post that a very bearish alt wave structure is nearing a point a target 96.76 . where wave A up times .618 would = wave C of super cycle B at 96.76 the target date is feb 9 plus or minus 1 day
VT (total world stock index) has not been this strong against VOO (S&P) in a very long time. I would not be surprised at all to see this trend continue. $EEM is ripping, and even Europe and Japan are getting a bid.
VT is running minute wave 3 of minor wave 3 of the primary 1 impulse wave down. Downward move may gain momentum. The long term correction in the world index etf should reach more than % during at least the next 2 years.
Here's a bullish count to brighten up any bulls day that lives somewhere cold and dark this January. Of course, it would really brighten up my year if it in fact comes to fruition but we will have to wait and see. (Most of the fib extensions/retracements are in the arithmetic scale but I have included a couple of (hopefully) logarithmic fib measurements too using...
ETFS NEW HIGHS NEW LOWS analysis multiple timeframes...
I'm sometimes more interested in the Total World Index than the more focused ones (VTI, VEA, VWO, etc.). The economy is highly correlated and massive moves in one area bear down the rest of the world or support it up. The past year has been a mitigated market mostly held down by the interest rate and trade war and there's no sign of it truly easing up. Over time,...
Death Cross happened already and there are short signals everywhere! Random walk down with dead cats all along the way!
This count would suggest that while we can expect a decent correction in the short to medium term the trend upwards for world equities is still intact.
THE WORLD STOCK INDEX HAS JUST ENDED ITS DECLINE FROM JAN PEAK WAVES A & C ARE NOW EQUAL AND THE PULLBACK IS A NEAR PERFECT .382 FROM 2016 AND AS FOR THE TIMING THE CORRECTION IS NOW EQUAL IN TIME AS THE MAY 2015 PEAK TO THE LOW OF JAN 2016 LOOK FOR A NEW BULL PHASE NOW