Consolidation: a Sideways Market
A Nothing Burger? After going up steadily in January, February has been a bit of a disappointment. After making new highs on Feb 1st and 2nd, it has been trading sideways within the trading range of the intraday highs and lows of those dates. Irritating. It is a good example of price consolidation, which means […]
A New Bull Market?
Is it a new bull market? Well, the ITM signal got us back into the market on January 26th, and so far it has been right if not exactly spectacular. In the six trading days since then SPY has increased by around 2%, not quite enough to retire on, but going in the right direction. […]
Is It A Baby Bull?
The start of a new bull market? ITM Special Update We have had the signal – the 10/200 golden cross. It’s debatable whether there is enough whitespace between the SMAs (see the arrow) but there is definitely some. If you want to wait a day or so to make sure that it has really crossed […]
Is The Bear Dead?
Is The Bear Market Dead? Well, it is certainly not looking too healthy! It looks from the chart below that though we may get a golden cross this week. That is a ‘may’. We’ve been here before in August and November, and each time it turned out to be a bull trap and the down […]
This Bear will NOT behave!
ITM Special Update 11 Jan 2023 This Bear will just NOT behave! Well, last night Jerome Powell spoke – and the markets listened with bated breath, hanging upon his every word. No, I didn’t watch it (I’m not a masochist) but I read it. Boring. He refrained from commenting on rate policy, the markets thought […]
The End of the Bear Market?
Is it the end of the bear market? Well, we shouldn’t go on just one trading day, certainly not one as non-definitive as Friday, but maybe – just maybe – the end of the bear market is in sight. I certainly hope so, bull markets are so much easier and less frustrating. I hope that […]