Yesterday, saw a record surge in the markets. Such was not surprising given the extreme oversold condition in the market. More importantly, throughout market history, the biggest bull rallies have occurred during bear markets. View image on Twitter Matt Thompson, CFA@dynamicvol ...

Wall Street loves to label stuff.  When markets are rising it’s a “bull market.” Conversely, falling prices are a “bear market.”  Interestingly, while there are some “rules of thumb” for falling prices such as: A “correction” is defined as a decline of more than 10% in the ...

The gold miners’ stocks suffered a rough late summer this year.  A rare forced capitulation walloped them to deep new lows, short-circuiting their usual autumn rally.  That’s left this sector anomalously low as the subsequent winter rally gets underway, gold stocks’ strongest seasonal surge ...

I admit: I’m a permabear. This is no surprise to those who know and have followed me over the years. But I’m publicly proclaiming my ‘bearishness’ because doing so might open up a needed and long overdue dialog. Here’s my fundamental position:  Infinite growth on a fi...

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There is a very good chance we witnessed the top in bitcoin when it hit just under $20,000 in December of 2017. The rapid price gains it achieved last year officially put it in the record books as the largest bubble ever recorded, exceeding even the Tulip Mania of 1634-1637.   With the amount of a...

Ignoring or downplaying these fundamental forces has greatly increased the fragility of the status quo. The term dead cat bounce is market lingo for a “recovery” after markets decline due to fundamental reversals. Markets tend to bounce back after sharp declines as participants (human an...

“Wild” doesn’t begin to describe Bitcoin’s price action. Less than 12 months ago, it traded as low as $1,200. By early December, it hit a high of $19,891 – and on the CBOE, Bitcoin futures topped $20,000. Then, on December 22, Bitcoin crashed to $10,400… then rebounded as...

They say records are made to be broken and, so far, the US economy is on track to do just that. The current economic expansion is now the third longest in US history going back to 1854. If it can survive through May 2018, it will be the second longest and, if able to survive to July 2019, it will of...

The US stock markets enjoyed an extraordinary surge in 2017, shattering all kinds of records.  This was fueled by hopes for big tax cuts soon since Republicans regained control of the US government.  But such relentless rallying has catapulted complacency, euphoria, and valuations to dangerous bul...

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“I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and for taking a trade; making a trading decision.” -Jeffrey Kennedy I recently asked Trader’s Class...

The Elliott wave model has helped investors catch market turns for eight decades. As Frost & Prechter’s Wall Street classic book, Elliott Wave Principle, says: The Wave Principle is the best forecasting tool in existence. [It] imparts an immense amount of knowledge about the market’...

In yesterday’s post on the tools companies use to “manipulate” earnings, I referenced a tweet I received discussing the markets next move to 2400. “Of course, the issue ultimately comes down to valuations. At a price of 2400, based on current earnings per share of $86.92, the market would b...

In this past weekend’s newsletter, I discussed the markets walk along a bullish trend line: “With the Fed holding still on hiking rates, with a promise to now hike in December(**cough****bullshit****cough), traders came rushing back into the market pushing prices right back into the trading rang...

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