us economy is in month 104 of economic growth and is getting ready imo to enter the strongest period yet. the massive tax cuts along with the upcoming trillion $ infrastructure program coupled with the weathiest consumer in us history is going to set the economy in a hyper growth period. most of which isn't priced in yet
today marks the 14th record all time high for the s&p for 2018. january 2018 has set a record for most all time record highs in a month with 7 days left
we have confirmation of what I have been saying for the last 3 years, that we are in the strongest bull market in history per the adx indicator which just hit 70. the previous high was 56.
The ADX being this high is a major tell that trends are about to reverse. You can pull up the ADX for all data weekly at bigcharts.com advanced option (for free.)
looks like previous adx high reading of 56 s&p was around 920
we know what happened after that. market may be setting up for the next leg higher
cat absolutely crushed it this past q and that is a great indicator of a robust economy which isn't even pricing in the infrastructure bill. when that passes cat will really start to rally as they will be a big beneficiary
as the old saying goes as goes January. ...this bull is still has quite as ways to go.
588 point drop? nothing to get too worried about. didn't take very long to recoup and here we are a little more than 2 years later and 10,000 dow jones points higher
realize after 9 years and the strongest bull market a 10% pullback would probably qualify as a crash lol
First order of business is to get us to 3K without delay.
ReplyDeleteWell, the end of W1 is actually not an FOMC -- it's just EOM May and a Bradley turn date.
ReplyDeleteus economy is in month 104 of economic growth and is getting ready imo to enter the strongest period yet. the massive tax cuts along with the upcoming trillion $ infrastructure program coupled with the weathiest consumer in us history is going to set the economy in a hyper growth period. most of which isn't priced in yet
ReplyDeletetoday marks the 14th record all time high for the s&p for 2018. january 2018 has set a record for most all time record highs in a month with 7 days left
we have confirmation of what I have been saying for the last 3 years, that we are in the strongest bull market in history per the adx indicator which just hit 70. the previous high was 56.
ReplyDeleteToday's tantrum perfectly tagged the underside of the parabola.
ReplyDeleteWith CAT earnings tomorrow, we should rally 2%+ in a day, then some more.
Uh oh.
ReplyDeletehttp://www.businessinsider.com/mattress-firm-conspiracy-grows-after-accounting-problems-2018-1
The ADX being this high is a major tell that trends are about to reverse. You can pull up the ADX for all data weekly at bigcharts.com advanced option (for free.)
ReplyDeletecopy and paste into address bar
ReplyDeletehttp://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spx&time=20&startdate=1%2F4%2F1999&enddate=10%2F15%2F2015&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=20%2C50%2C200&uf=0&lf=1024&lf2=0&lf3=0&type=4&style=350&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=40&y=8
looks like previous adx high reading of 56 s&p was around 920
ReplyDeletewe know what happened after that. market may be setting up for the next leg higher
cat absolutely crushed it this past q and that is a great indicator of a robust economy which isn't even pricing in the infrastructure bill. when that passes cat will really start to rally as they will be a big beneficiary
as the old saying goes as goes January. ...this bull is still has quite as ways to go.
another all time high record day ahead
think inning number 5
worth repeating from 10 days ago that there is a very high chance the low of the year was put in already
ReplyDeletes&p 2682 is it
"worth repeating from 10 days ago that there is a very high chance the low of the year was put in already
ReplyDeletes&p 2682 is it"
No doubt about it T. Berry! Load up buddy, this thing is going to da moon!!!
if you consider 3000+ the moon hugh, then yes we're heading there this year
ReplyDeleteup over 6% ytd with 11 months left :)
been here for the last 1400 points and hope/plan to be for the next 1400 :)
now go gitcha samore uvxy!
We're still inside the parabola; S&P looks like it's drawing a triangle since yesterday.
ReplyDeleteWe'll need to explode out of the tri and go vertical to make it to 3,000 by EOM.
David Stockman must be carried out like one of the Duke brothers.
adx at 70 comparible to nas 6850?
ReplyDeletea mere 2% till 27,000!
ReplyDeletelol stockman not even as accurate as a broken clock wrong for 9 years and counting lol
ReplyDeleteUVXY has strongly outperformed the market for the past week T. Berry! You knew that though right?
ReplyDeleteMarket could also be stuck here in this triangle holding pattern (since yesterday) waiting for a signal from Mr. Gartman.
ReplyDeleteyep on a tear hugh , back up over 10 which is now much closer to where it was 7 years ago at $35,304
ReplyDeleteyou may have missed buying at the bottom :)
I can't wait till this summer. The schadenfreude is going to be sooooo sweet.
ReplyDeletejust like last summer or the summer before or.........lol
ReplyDeleteDid you miss the summer of 2015 T. Berry?
ReplyDeletehttp://money.cnn.com/2015/08/24/investing/stocks-markets-selloff-china-crash-dow/index.html
588 point drop? nothing to get too worried about. didn't take very long to recoup and here we are a little more than 2 years later and 10,000 dow jones points higher
ReplyDeleterealize after 9 years and the strongest bull market a 10% pullback would probably qualify as a crash lol
Make no mistake, Chump is a bagman. A patsy if you will.
ReplyDeleteThe soft coup of the deep state is still very much in play.
The bagman cometh.