Above you can see the original technical setup. Today saw the market flirt with the $22.00 technical short entry…. I didn’t exercise very much patience and jumped on the 1st hit of another potential break of the TC (technical trigger). I am looking for a drop to fill the gap. IF this occurs, there is […]
This was the original technical set-up I was watching. Despite general market conditions, we can see a steady rise this year in the security. At this point I’m banking on the large ellipse pattern that can be seen on the weekly pattern. What this is showing is that the stock momentum is increasing with the ellipse […]
RTRX Retrophin, Inc. (Biopharmaceutical) Current Price: $23.36 Potential Target Price: $14.90 Aprox:$8.00 potential fall off / 35% correction. DAILY Perspective Of significance to note on the daily chart: Down trend, potentially with another leg down to go (wave 5?) Large Unfilled Gap IF the market continues to drop at the same rate (i.e. inside green channel), […]
A US REVENUE RECESSION Two Quarters of Negative Revenue Growth I have been talking for some time about a potential earnings recession and possibly even something worse on the horizon. Q2 Earning season and conference calls were as we expected. It marked the first time the S&P 500 index has seen two consecutive quarters of […]
THIS IS CREDIT VAPORIZING The chart below is what credit looks like as it is being vaporized! The August $9 trillion drop in combined market cap between the MSCI All World index and Chinese stocks, is the second highest ever, surpassed only by the $13 plunge in global market capitalization in late 2008. Though the […]
Over valuation has been a contention of ours for some time, but this is the first analysis we saw on a global aggregated basis. The following chart show valuation for both the bond and equity markets in 15 developed market economies. We see as we suspected it is at HISTORIC high levels. Not high, but […]
A new academic study finds that the stock recommendations made by technicians on CNBC’s ‘Talking Numbers’ show have outperformed those from fundamental analysts. CHAPEL HILL, N.C. (MarketWatch) — The age-old debate between technicians and fundamental analysts appears to be on the verge of being answered. Over investment horizons ranging from one month to one year, […]
Market Road Maps, SPX Road Map
A quick review of our S&P market analysis this year. While the recent market moves have caught some by surprise, we have been expecting it for some time. As you will see, several warnings were clearly given. Charts 1 – 3 were published at the beginning of spring this year. These are weekly charts and […]
While the major indexes have seen a drastic move recently (more on these later), the USD takes center stage. I say this because it may give us clues as to what to be expecting next. Similar to the indexes the USD has also had a dramatic drop. Note on the chart that the recent drop […]
by James Corbett TheInternationalForecaster.com August 25, 2015 Good news, everybody! The markets are rebounding! Yes, we just a hit a minor bump in the road there, but don’t worry, everything isback to normal now. Let’s forget about the tail end of last week and this week’s Black Monday, shall we? Pay no mind to the […]