Heading Into a Bear Market?
Is the Bear Market Coming? What a difference 2 weeks make! In the last blog post, we noted that, after climbing strongly from early July, SPY had bounced off the Correction level. We were wondering whether it was just a temporary setback and SPY was going to continue up – or not. Well, we got […]
Stock Market Quotes
How Does The Market Know? Seriously – its spooky! Take a look at the chart below – notice that the SPY has closed almost exactly on the correction line then bounced off again. When you think of the millions of trades with hundreds of stocks that make the SPY index every day its hard to […]
Bull Market Blues
Bull Market Blues Firstly, thank you to one of my readers, Asi, who sent me the meme above. It’s very appropriate! Right now, we are still on the sidelines (how fed up I am writing that all the time). But as you can see from the chart there is no clear direction. We are not […]
Is It A Bull Trap?
The market is off its lows – but is it a bull trap? So, we’re still on the sidelines with no definitive signal from the market. It’s boring, I know. Looking at the chart it shows that we have climbed out of bear territory but are still deep in correction territory. However, the-short term trend […]
Bull Market: Worst Case Scenario
Bull Market: Worst Case Scenario Hi everyone! Totally fed up with this market, not to mention the hate mail that I have been receiving, but let’s look at the facts on where we are and how we are doing. When ITM paperback was published on September 24 2020 (yes, the eBook shows a slightly earlier […]
Into a Bear Market
Into the Bear Market Finally, we got into a bear trade! After watching the market fall for most of this year, it breached the bear threshold of $382 on 13 June, dropping to close at $375. If we had been following ITMB then we would have got into our bear trade the next day, as […]