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Prices extend higher after capture of “Bullish Trend Reversal Threshold”. Lack of validateing volume could be problematic.

05-27-14 SPX Daily Headline Chart

SPX extends higher to reinforce a short term “Bullish Trend Reversal” but declining volume fails to validated new highs. Although the end of the month normally favors Buyers, approaching overbought conditions and lack of confirming volume increases (Bearish) reversal risk. A healthy pause to digest gains is favored with any throwbacks to test lower support […]

April 29, 2014: Most market participants remained sidelined awaiting reaction to today’s (Wednesday) FOMC meeting announcement.

04-30-14 SPX Daily Headline Chart

Most market participants remained sidelined awaiting reaction to today’s (Wednesday) FOMC meeting announcement. SPX floated higher but stalled at a defined daily descending trendline. Until this trendline is violated, Sellers remain in control (but tentative control dependent upon reaction to today’s FOMC meeting announcement and Friday’s Non-Farm Payroll report).

Morning Brief* – March 28, 2014

Morning Market Brief. Macro economy in terms of business cycle model- 3/13- Concerned the non manufacturing index (ISM) is in a 3yr bear cycle trend that should end this year, but what month. While the 3yr cycle for the PMI is likely up. Suggests long term bullish business cycle forecast for 2014 still best model […]

March 25, 2014: Sellers take a break as a low volume reflex bounce chops around within a firm consolidation range.

03-26-14 SPX Daily Headline Chart

Sellers take a break as a low volume reflex bounce chops around within a firm consolidation range.

March 10, 2014: Light volume test of SPX lower support and late session rebound suggests possible follow thru higher during Tuesday’s session.

03-11-14 SPX Daily Headline Chart

March 7, 2014: Uncertain financial markets contine after Friday’s Non-Farm Payroll report.

03-10-14 SPX Daily Headline Chart

Market participants remain uncertain following Friday’s Non-Farm Payroll (NFP) report. Perhaps a reluctance due to growing uncertainty in eastern Europe. Either way, a better measure will be at the start of the new week as large funds/money managers have had time to process the data from the NFP report.

Morning Brief* – March 5, 2014

Macro economy in terms of business cycle model- 3/5- February PMI rebounded to 53.2. The related Eco Trend indicator move to a new record high which likely means nominal GDP per capita did the same. No change to long term macro outlook for US and global economies to grow for 2014. The US economy should […]

March 4, 2014: Buyers return to regain control and extend the breakout to a all-time highs.

03-05-14 SPX Daily Headline Chart

Morning Brief* – December 23, 2013

Macro economy in terms of business cycle model- Growing economies until 2017-2019 relative the 9yr business cycle is the forecast. Along the way, the largest corrections, and incremental legs of growth will occur relative the 3yr cycle. The 3yr cycle offers growth for 2014. Seasonal consumer slump should be over. News – Dryness persists in western corn […]

December 13, 2013: Buyers remained sidelined with Sellers taking a break as well. Year end seasonality may assist Buyers defend support, but Sellers remain in charge until proven otherwise.

12-16-13 SPX Daily Headline Chart