European bull of 2023 = FANG bull of 2008?

Preface: Explaining our market timing models  We maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term market timing model based on the research outlined in our post, Building the ultimate market timing model. This model tends to generate only a handful of signals each decade.   The Trend...

Being bearish is too obvious

Mid-week market update: I am publishing this before the market close on Wednesday because I have an appointment just before the close so many of the charts won't have Wednesday's closing prices. The market structure continues to be bearish, and I continue to believe that the intermediate-term trend is down. Nevertheless, it's too obvious to...

How the market could break up to a blow-off top

Preface: Explaining our market timing models  We maintain several market timing models, each with differing time horizons. The "Ultimate Market Timing Model" is a long-term market timing model based on the research outlined in our post, Building the ultimate market timing model. This model tends to generate only a handful of signals each decade.   The Trend...

A pause isn’t a pivot

Now that the market has had over a week to absorb the implications of the last Fed rate decision and incoming data since the meeting, here is where we stand.   The Fed made an important change in its statement that hinted it was preparing to pause interest rate increases. Even though the Fed raised...