Midweek Market Update
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Bob Loukas is the founder of The Financial Tap. With over 20 years of experience in market analysis and trading, Bob is a life-long student of economics and has an abiding passion for the financial markets.
He is a leading expert in Market Cycles. His love of Cycles emerged from the study of the work of Walter Bressert, a pioneer in the field.
Originally from Sydney, Australia, Bob has been settled in New York City for the past 16 years. His background is in Computer Sciences, with extensive experience in the Financial Software arena. Prior to launching The Financial Tap, Bob served as a senior executive at various Fortune 50 firms where he led development of financial trading and reporting software.
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Ordinarily, Crude should currently be screaming higher. The Dollar is down sharply, and equities have been on a tear. Yet, Crude has struggled to hold recent gains while risk markets have exploded upward. This is not a positive development for Crude’s upside.
I believe the weakness in this Daily Cycle foreshadows what lies directly ahead. As Crude continues to knock on the lower resistance area around the $100-$102 level, it is threatening a fall through that floor. Because the current Daily Cycle has already failed, a continued decline into a Daily Cycle Low is a fairly sure thing. The Investor Cycle is 27 weeks deep, well into its final decline into an Investor Cycle Low. As both the Daily and Investor Cycles are in decline, I firmly expect a break-down below $100 to begin next week.
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This content is for members only
This content is for members only
The Daily Cycle Trader portfolio went live 3 months ago and we’ve now closed out the first quarter. It’s been a hugely successful launch to this portfolio and I wanted to share some of specific results of the portfolio with you:
Total Portfolio Return (3 months): 15.56%
Total Trades: 26
Winning Trades: 16
Winning Trade %: 61.5%
Avg Winning Trade Profit: 6.4%
Avg Losing Trade Loss: -3.1%
The Daily Cycle Trader portfolio is a consolidation of our shortest duration trades. With the Daily Cycle Trader, we expect to trade at Daily Cycle highs and lows. These Cycles generally occur every 18-25 days, so there will be relatively frequent trading. Daily Cycle trades will generally utilize ETFs and leveraged ETFs.
SPECIAL OFFER: If you would like to take advantage of this new Portfolio, please consider a membership; we now have Monthly, Quarterly, and Yearly options. To celebrate the launch of this new portfolio, we’re offering a $28.95 off coupon which could be used against any of the membership options. Apply it to a monthly membership, making the first month just $1. Or use it against our already discounted Quarterly and Yearly memberships.
To sign up, go to:
Use COUPON CODE: Trader (code is case sensitive). This will drop the price by $28.95.
This content is for members only
This content is for members only
This content is for members only
Below are the top 5 performing bull markets in history. Interestingly, and surprisingly, the current bull market is number 4 on the list. Upon closer examination, we see that the top 3 bull markets occurred as part of a general secular bull market. Meaning they were part of a period of true economic expansion, a period of real income growth and wealth creation. The current cyclical bull market, however, appears within a greater secular bear market, which makes this the best performing bull market (in terms of performance, not time) of any secular bear period in history. From a timing perspective, the 1970’s bull market (within a Bear Market) ran for 70+ months, while the 2002-2007 bull market (again within a Bear Market) was 55 months in duration.