However, every wave count that makes sense right now, within the rules of Elliot Wave, suggests that the SPY is in the 5th and final wave of the bull market that began in October 2022. This doesn't me... ...more
Market Milestones
October 11, 2024•3 min read
Our politicians and leaders want us to think they can print us out of any disaster or slowdown without negative consequences, and that markets will rise forever. Just look at China for a cautionary ex... ...more
Market Milestones
October 04, 2024•4 min read
Hypothetically, if someone took the exact trade we outlined with 100 shares of MU—roughly a $8,700 investment—they would have already made $1,900, with 25% of the trade still active. That’s just 8 day... ...more
Market Milestones
September 27, 2024•4 min read
Since leaving the gold standard, the Federal Reserve has been responsible for controlling inflation while the government continues to spend wildly and ramp up the nation’s debt at unprecedented levels... ...more
Market Milestones
September 20, 2024•3 min read
But what if the stars don’t align and the next move doesn’t decline to that prime and utterly sublime spot, to make your alerts chime? You ask, likely without the rhyme. Well then, it’s time to start ... ...more
Market Milestones
September 13, 2024•3 min read
The QQQ has two inverted bullish hammers, both closing under the 100DSMA. It reminds me a little of the Mufasa clinging to the side of the cliff, desperate trying not to fall into the raging stampede ... ...more
Market Milestones
September 06, 2024•3 min read
Given the current mixed bag of economic and macro factors and the underlying fear in this market, defensive stocks could continue to outperform. ...more
Market Milestones
August 29, 2024•4 min read
The Fed will announce the size of their rate cut in mid-September, as a cut is basically guaranteed at this point. However, the President of Money and Czar of the Economy, Jerome Powell, is speaking a... ...more
Market Milestones
August 23, 2024•4 min read
Mark Twain said, “History doesn’t repeat itself, but it often rhymes.” In that spirit, I spent many, many hours reliving the past through the price action of the QQQ from 1999 to the present day, in a... ...more
Market Milestones
August 16, 2024•5 min read
Let’s take a trip down memory lane to 11 days ago when the world was ending. World War III was trending on Twitter while a recession unlike any we have seen was right around the corner. The entire glo... ...more
Market Milestones
August 15, 2024•4 min read
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