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Tag: gold bottom

Squawk Box, Yahoo Finance & Correction Update

I started out my day with a visit to CNBC’s Squawk Box at 6:15am. I should have the link to post later today. I will be with the good folks at Yahoo Finance on Midday Movers either right at 11:30am or noon, live from Heritage Capital’s global headquarters via Skype. There’s an inside joke in there which I am always willing to share in person. As you know from all of my posts, markets have been very volatile and even […]   Read More
Date: October 29, 2018

Crash Scenario Avoided BUT Where is THE Bottom???

Well folks, it’s been quite a week so far. After stocks tried to hammer in a low on October 11th there was a rally as I expected. In fact, that October day was the first day our shorter-term investment models started turning positive with the Dow at 25,000 after having been negative since the all-time high peak on October 3rd. As I wrote at that time, I didn’t think 25,000 was going to be the ultimate bottom, but the majority […]   Read More
Date: October 25, 2018

“A” Bottom, “THE” Bottom or “NO” Bottom

Long time readers know that I am ALWAYS skeptical of bottoms where price ends the day in the bottom of the daily range. They rarely mark the ultimate low. When some of indicators turned positive at the of October 11, I wasn’t as full on bullish as I usually would be because stocks closed that day near their lows. In subsequent posts, I offered that while the majority of the price damage should be done, I would not be surprised […]   Read More
Date: October 24, 2018

Clear as Mud. Volatility & Patience.

I keep writing about volatility ruling and boy, it is not disappointing! The huge swings high to low and low to high are extreme. It’s all part of the makings of a bottom for a good year-end rally. We did a really good job calling the peak a few weeks and then offered that the majority of the damage should be done after the collapse on October 11, but perhaps not all of the damage. The best I can put […]   Read More
Date: October 22, 2018

Volatility Reigns. Building Blocks Needed

And just like that I am back at the airport and waiting to head home on Wednesday night. Just what I like, a jam packed two days and only one night not sleeping in my own amazing bed. As I keep writing about, volatility is going to remain elevated throughout this earnings season and into the mid-term elections. Wednesday perfectly epitomized this as you can see from the intra-day chart below. The major indices saw ranges from high to low […]   Read More
Date: October 18, 2018

Pink & Blue Are Not Just for Baby Stuff

In yesterday’s post I mentioned that during most stock market declines, it seems like everyone turns to charts and technical indicators as their economic and fundamental indicators fail. They quote their own “key” numbers and speaking from 30 years of experience, if it’s obvious, it’s obviously wrong. In other words, when so many pundits turn to the same charts, the market does its best to punish the most people. I want to spend a few minutes explaining the most basic […]   Read More
Date: October 17, 2018

Was It “A” Bottom or “THE” Bottom? Don’t Get Comfortable Just Yet!

As you know, I had been calling for a mid to upper single digit decline in stocks since late September. That pullback has certainly come to fruition this month with the major stocks market indices down between 7% and 10%. Last Thursday brought short-term panic readings in some indicators and that served to mitigate more weakness, at least for now. Usually when these conditions occur, the bulk of the price damage has been done for the time being and at […]   Read More
Date: October 17, 2018

Just Like the Crash of 1987, an Interest Rate Driven Decline in Stocks

When I woke up today, I wasn’t planning on doing this update. My original plan was to begin a new Street$marts and talk about stock market crashes and the panic I saw in the market over the past two days as well as address some emails I received. This was going to be just one of the articles written. As I got going, it got longer and longer and longer with all of the charts and I ran out of […]   Read More
Date: October 12, 2018

Crash Sequence Unfolding?

As you know from my emails, quarterly report and most blogs, I have been forecasting a stock market pullback for the past few weeks. Even when the Dow Jones Industrials finally achieved my late Q1 forecast of new all-time highs across the board on September 21, I was very concerned about a crumbling market foundation that would lead to a mid to upper single digit decline in October. I couldn’t have been any clearer when I discussed my forecast on […]   Read More
Date: October 11, 2018

Bulls Need a Stand

After some early weakness on Monday, the bulls put up a little fight before succumbing to selling into lunch. From there, they did have enough energy to¬† bring stocks back to breakeven. Given the semi-holiday, that was semi-impressive. The bulls now have a little momentum and are supposed to run to the upside for at least a day or so. The S&P 400 and Russell 2000 have declined sufficiently to reach their long-term trend or the average price of the […]   Read More
Date: October 9, 2018