The chart posted is my top view I am posting the weekly and daily of the value line For a reason it should NOT break the low of oct 27th 2023 If it is valid I have a major spiral from sept 21 2001 it is due NOW 11/10-13th the march 13th low was from june low 1949 . We will see rather soon which cycles are in force . and based on MY VIEW OF TLT 5...
The chart posted is MY top wave count This is a major WARNING to being short is a highest risk in a few years . The spiral turn due is from sept 21 2001 Low The market rallied over 24 % gain in less that 62 days That last low was in a word Perfect in its relationships within the fib . I have moved to an aggressive long calls position and The tlt...
To follow up on the previous post, added a snapshot of multi-timeframe US sector analysis
NYSE:VALUG AMEX:IWM AMEX:SPY NASDAQ:QQQ AMEX:DIA
Data as of September 22, 2023
Many studies show that passive is superior to the active investment approach, and I agree that most money should be managed passively, using low cost broadly diversified index funds. Markets are mostly efficient in pricing securities, meaning there are not many proverbial 20-dollar bills you can find on sidewalks. However, some anomalies have also been...
One valuable yet overlooked, a tool for gaining insight into the market is the Value Line Geometric Index (VALUG).
VALUG index contains a mix of roughly 1,700 stocks from the major North American market indexes.
It is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change.
VALUG uses an arithmetic mean, with...
The chart posted is a great one so as to understand what still lies ahead WE ARE NOW CLOSE TO WHAT THE DEC FORECAST called for after a 13 yr Fake { FED Balance sheet} Bull market in assets . The avg decline over the last 120 years is 35 % peak to low .I said avg this one will look more like the 1973 to 1974 decline close to 50 % to 60 % when is...
Well, that took a decisive turn for the worst in a short period of time.
In Indicating the VLGI would lead the ES... it dragged the ES by its nose
to new lows for the move quickly.
A song of broad weakness within the Complex.
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Nothing encouraging here, merely more of the same.
Weekly and Monthly...
The Value Line Composite Index is an Equity Index comprising 1,700 companies
from the NYSE, ASE, Nasdaq, Toronto Exchange, and OTC markets.
It is a Geometric Composite Index that is equal-weighted, uses a geometric average,
and has a daily change closest to the median stock price change. It is preferable to
the Value Line Arithmetic Index as it does not...
Weightings are relevant.
The Valueline continues to form a nasty divergence with the S&P.
Equally weighted for Breadth Indications, which provide an early warning
Indication.
TSLA - a prime example of ES/SPX/SPY prop by unbalanced Heft, tipping the
scales - with the hidden hand in the shadows of the Scale.
The Symmetry shows a Date of November 18th for...
This is a very rare pattern. We will be close to finish a 5 wave sequence since 1970s lows. We still need to finish the C wave of correction that started last year. Then we will have one of the biggest rallies in history before crashing imo.
Note: It is possible I got the first set of waves off the 09 low wrong and we have already completed the abc correction....
My personal list of forward indicators on the weekly charts show that there has been a breakout on ALL four, namely JNK, IWM, DJT and VALUG.
The high yield bonds, small and mid caps, DJ Transport and Value Line all had a breakout this last week, suggesting a bullish breakout scenario.
However, the breakouts appear a little odd to me as candlestick patterns on...
I like this count, it is a classic EW theory count. Really straightforward. THe waves are clearly depicted almost anyone can label them like I did. This is much harder to see in the other indices like SPX and Nasdaq.
Often when money printing is halted (increasing debt is not taken on), markets experience turbulence, side ways action, increased volatility and even recession. So as long as increased money printing is happening we can be more confident of market liquidity and performance.
This is simply (forget all the FED stimulus holding these markets up) a case of market-cap weighted exaggeration vs an equally-weighted reality:
While the S&P500 Index (market-cap weighted) is bear rallying higher since its March 2020 lows, the Value Line Geometric Composite Index (equally weighted) is NOT confirming this move at all.
The SPX has made it back...
I seen on a financial channel that there was a divergence between VALUG and the market, and that is the case on every pullback, VALUG gets hit harder is all, we were still seeing the affects of the 2019 pullback.
