As Seen In…
– The VIX rallied to Mid-Cycle resistance at 24.49 today. A very strong third of a third wave has begun. Last Friday’s minor low qualified as an early Trading Cycle pivot. It appears that the next significant pivot for the VIX may be next Thursday, May 24. At that time it should have met or exceeded its inverted Head & Shoulders target and its wave… Continue reading
– The VIX made a second daily close above the Head & Shoulders neckline at 20.91 today. This opens the door for a very strong advance in a potential third of a third wave. It is probable that last Friday’s minor low qualifies as an early Trading Cycle pivot. If that is the case, there may be another month of rally left in the VIX.… Continue reading
For the past two years I have observed the cycles and forecast a very large, abrupt decline at the end of a particular cycle I call the Master Cycle. Master Cycles are 8-9 months in duration and always end at a major low. Analysts proclaim that when a cycle is left-translated (topping before the mid-point of the cycle), we may expect major declines in the… Continue reading
– The VIX rallied above the top trendline of its Ending Diagonal formation, also closing above intermediate-term trend support/resistance at 16.56. This confirms the buy signal from its March 16 Master Cycle low. In addition, the 17-day and 60-day pivot lows (two different cycles) occurred this week, giving the “all clear” for a dramatic rally through the end of April.
The 50-day moving average… Continue reading
In the third quarter of 2011, it has become obvious that many investors, mutual fund and hedge fund managers have ignored the role volatility plays in evaluating market risk. It is possible that they view it, if at all, as a dispersion model, not a harbinger of market direction. That is because rising volatility accompanied rising markets during the entire decade of the 90s, with… Continue reading
I have been an avid reader of Martin Armstrong’s Economic Confidence Model. In brief summary, there is the dumb money that follows the crowd while smart, or “hot money” is constantly looking for opportunities throughout the world. Hot money can be the bane of governments, just as George Soros made over a $billion in a single trade against the Bank of England. Hot money recognizes… Continue reading
Stocks worldwide have ended a miserable quarter. The plain fact is, there is more misery to come. Let’s take a look at one of the leading indicators of what may lie ahead of us.
– I have just updated the spreadsheets for the VIX cycles. It appears that they are on time and on target for their 13 year high which is due in early December.… Continue reading
Several subscribers have asked for more details about the Fukushima 50. The only thing I have is an article from the Mail Online News, a British publication. There has been no mention of them in any domestic media, other than Zero Hedge. One of our subscribers sent us a partial list of some of the workers that have volunteered their lives to save… Continue reading
It is with a heavy heart that I am now issuing the highest level alert to date for friends and clients. I am issuing this alert a week after the great earthquake and tsunami that occurred in Japan. Since then, four of the six nuclear reactors owned by Tokyo Electric Power Company have failed, sending a plume of radioactive material into the atmosphere. The situation… Continue reading
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