Bears should actually be encouraged by the rally today. This looks like a five-wave move up from the Christmas lows. Once we breach 2816, we'll keep heading up, seemingly on autopilot, on crappy low volume.
A couple of Hindenburg Omens this week and next would set up the next window perfectly. By FOMC next week, the middle of the channel is right about at the 2872 area, where you would want to see a five -move impulse wrap up.
Did the Fed promise no hikes this year, none at all? We are very close to inversion on the 13 week, 5 year, and 10 year bills. Will watch the $IRX very closely over the next week.
| SPX daily |
The Fed can't cut until we reach the 1400 area on the S&P.
As soon as September? That would allow for some excellent fall hiking in the Cascades. Sign me up.
| SPX daily to long-long term support |
Until then, enjoy my dear uncle on the drums. Happy Ides of March.
Does Zuckerberg even believe in hell, Dave?
ReplyDeleteA truly evil company. Lean out.
ReplyDeletejust updating your list prech----
ReplyDeleteBlogger Prechter said...
roxtrot's "master of time & price" top call on march 8, (s&p up over 2% since)
randall beehomes "doom begins tomorrow june 14" (s&p up over 7% since)
Mchugh's Jaws of death = Failed again
Dumbass Armstrong's Panic week = Failed again
Nenner's crash dates = Failed again
Kevin = Disappeared
CG = Silent
This Bull market refuses to Die!
Next week is make or break for the bears - otherwise to the moon Alice :)----bears are toast
March 2, 2019 at 3:56 PM
Silent? We have fresh predictions daily, sir. And ambitious plans for more!
ReplyDeletewon't be long before the bears jump on the "new highs are coming" bandwagon.
ReplyDeletelol
sorry cg---just copied / pasted prech's post.
ReplyDeleteDingle still here I see. Thought the gout had done him in but no.
ReplyDeleteIHS looming on the S&P since last week, neckline ~2797, if confirmed targets 2872 area.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteyou bet randall beehomes. don't want to miss your next doom call. your last one netted my portfolio a 9% gain. keepem' comin' sport ---it won't be long till you're a "guru" LOL
ReplyDeleteT.Berry...you are not credible..."roxtrot's "master of time & price" top call on march 8, (s&p up over 2% since)"...at no time did I link the 'master of time and price' to the March 8, 2019 date...below is what I wrote relative to that date:
ReplyDelete__________________________________________________________
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rotrot said...
From: rotrot
To: TST
Sent: Saturday, October 27, 2018, 12:35:48 PM EDT
Subject: Friday, March 8, 2019...mark it on your calendar...
the bull market that began in 1974 has peaked...Friday, March 8, 2019 is a date you may want to mark on your calendar...
December 19, 2018 at 2:04 PM
https://tinyurl.com/yamvrjso
_______________________________________________
the email to my cohorts was dated October 27, 2018...the post on this blog was dated December 19, 2018...McHugh's next Phi Mate Turn Date is...you guessed it! now ask yourself if there are really cycles in the stock market...not Nenner's BS but real cycles!
February 11, 2019 at 2:32 PM
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ReplyDelete"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM
https://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656
S&P 500 all-time-high is 2940.91...attained on September 21, 2018!
So can we tag new highs on this run, up at 2960?
ReplyDelete"objective financial news" Objectivity is virtuously non-existent among the crude human herd. Most people value the truth, and most people hold certain things sacred. When the truth conflicts with sacred beliefs, the truth is promptly thrown under the bus.
ReplyDeletei get all the gurus mixed up roxtrot!
ReplyDeleteso why the calendar marked march 8th 2019?
This comment has been removed by the author.
ReplyDeleteAre you guys buying the reason for grounding these planes? Maybe I need to adjust my tin foil hat.
ReplyDeletes&p up almost 3% from the roxtrot march 8 peak. outstanding
ReplyDelete
ReplyDeleteT.Berry...you are not credible...I never posted March 8 would be a peak...never!
"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM
ReplyDeletehttps://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656
S&P 500 all-time-high is 2940.91...attained on September 21, 2018!
roxtrot, are you gonna want ice cream with your pie? tia
ReplyDeleteLOL
a few more peaks and you'll soon disappear like many others before you.
"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM
ReplyDeletehttps://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656
S&P 500 all-time-high is 2940.91...attained on September 21, 2018!
That says it all. Top tick Dingle.
ReplyDeletelol. well well well, if it ain't mr doom caller lol. s&p up 9% since that sizzling call back in january.
ReplyDeleteif you go back 3-4 years in the archives, you'll see i've said that many times. you know exactly too randall. ; )
for someone without any stock market exposure you sure post a lot.
I'm long pork bellies. And concentrated orange juice
ReplyDelete"Die, Facebook, die!" Looks like you got your wish.
ReplyDeleteRandall and T. Berry, are you guys married?
ReplyDeleteNo no no. I'm saving myself for the right lady.
ReplyDeleteCHRIS KIMBLE - KIMBLE CHARTING SOLUTIONS – FRI 8 MAR, 2019
ReplyDeletehttps://tinyurl.com/y2p7glbv
Yesterday's reversal looks like the top for this rally is in. Too early to tell if 2019 will go down as a miserable bear year, or end well for the ever-increasing bubble. Wake me up when we get to SP 2600 - then we'll know how the rest of the year will unfold. As the saying goes, the larger the bubble, the greater the destruction coming out the other side.
ReplyDelete"Too early to tell if 2019 will go down as a miserable bear year, or end well for the ever-increasing bubble." It's not too early, it's the latter. I'm starting to think the real bust will be 2021.
ReplyDeleteHugh, all depends on whether what we have just witnessed is a bear market rally or the real thing. Too early to tell on that, and depends on whether the expected pullback going forward is corrective or something far more sinister. My bull/bear cycle indicator has not hit the zone where a bear market would be signaled to be ending, nor turned up to suggest a larger blow off rally has begun. Thus we remain in the no-man's-land of a major decision. Unfortunately, that decision has yet to be made, though selling into this rally is a pretty clear trading move for those looking to make adjustments based on risk versus reward.
ReplyDeleteWas going to post this last night, maybe over teh weekend.
ReplyDeleteWe're wedging here between two trendlines, shown here in pink. The top TL runs from the 666 lows through 1810 and beyond. This is the reflation rally since 2009. We are trying to recapture it but so far have failed.
The lower pink line represents the channel up from the Christmas lows; you may draw it differently. This is the market turning back from a real crash, for now.
So which TL will break, and what are the next target(s) beyond? My two lines converge around the start of April. Most likely, the market is waiting for a final status on the trade war question.
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ReplyDeletezero doubt we'll see new highs. with the mkts just a mere 3% below all time highs, it's just a matter of when. q1 earnings should provide the juice as the fundamentals continue to strengthen along with the economy. we're enjoying the largest economic expansion in the history of our great nation!
ReplyDeletewe're just in the 11th year of the greatest secular bull market in history and seculars can last up to 20 years.
So TRUE! ORCL for example. Almost back to its all time high after just 20 years! Buy and hold baybee
ReplyDeleteLet's see how popular and supported is the ORCL Cloud, compared to its rivals.
ReplyDeleteScroll down to 'modules by provider'.
quod erat demonstrandum
From: rotrot
ReplyDeleteTo: TST
Sent: Saturday, October 27, 2018, 12:35:48 PM EDT
Subject: Friday, March 8, 2019...mark it on your calendar...
the bull market that began in 1974 has peaked...Friday, March 8, 2019 is a date you may want to mark on your calendar...
December 19, 2018 at 2:04 PM
s&p up 3.2% since the roxtrot peak.
CRICKETS. LOL
This comment has been removed by the author.
ReplyDeleteT.Berry...you are not credible...I never posted March 8 would be a peak...never!
ReplyDelete"there has never been a better time to be in the us stock market" - T. Berry | September 21, 2018 at 1:25 PM
ReplyDeletehttps://www.blogger.com/comment.g?blogID=547276048038789798&postID=8842891158519807656
S&P 500 all-time-high is 2940.91...attained on September 21, 2018!
________________________________________________________________________________________________
"zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs" - T,Berry | March 15, 2019
March 15, 2019 at 9:47 AM
Blogger rotrot said...
ReplyDelete"We will need some serious deterioration in breadth to get back down to 2350"
it's occurring...it doesn't happen all in one day...
March 9, 2019 at 10:59 AM
it's occurring LOL ---s&p up 3.2% since that brilliant observation.
BPSPX (S&P 500 Bullish Percent Index)
ReplyDelete03/04/2019 - 73.80
03/15/2019 - 68.80
negative divergence on BPSPX...deterioration in breadth is occurring...it doesn't happen all in one day...
"zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs" - T,Berry | March 15, 2019 at 9:47 AM
ReplyDeleteSPXA50 (S&P 500 Stocks Above 50 Day Moving Average)
ReplyDelete03/15/2019 -6.00 (-1.47%)
deterioration in breadth is occurring...it doesn't happen all in one day...
"zero doubt we'll see new highs. with the mkts just a mere 3% below all time highs"
ReplyDelete~ T.Berry | March 15, 2019 at 9:47 AM
Judging by these predictions, I wouldn't let either of you manage my money.
ReplyDelete"I'm starting to think the real bust will be 2021" ~ Hugh Jazole | March 14, 2019 at 7:57 AM
ReplyDelete"I'm starting to think the real bust will be 2021" And? It isn't 2021, so you have no idea if that prediction is accurate. Both you and Berry up there have been wrong more times than either of you can count. Why don't you go back and take a look at the comments from 2017?
ReplyDeleteWe gapped over resistance this morning, the trendline up from the 666 lows.
ReplyDeleteFinish up the big megaphone with a touch near 3K into EOQ2?
Then we get a hard Brexit! That is the deadline.
Easy, lads. The Fed will be dovish in preparation for the chaos from the Brexit deadline next week.
ReplyDeleteExtension? Why? They have had 3 years. Time to go.
3k coming BAYBEE! Lets do this.
ReplyDelete3k is coming in gold or shitcoin
ReplyDeletePretty pathetic the SP500 and DOW both closed decent down on a day where the Federal Reserve throws multiple life rafts. Gold moving nicely though. I guess that's the price to pay for a stock permabull, those nominal gains are at the expense of more inflation thus cancelling out any actual gains in real wealth.
ReplyDeleteDOW 30,000.... all at the cost of a gallon of gasoline or milk going to $8/gallon.
Are we still tracking the 1937 pattern?
ReplyDelete