Entries by Bob Loukas

Steps From a Correction

November 11, 2013 in /by

Although I believe that a YCL – and a market correction – is clearly overdue, I do not believe we are at the end of the bull market. Although sentiment is stretched, and the current move is clearly speculative, over-bought, and over-extended, the divergences that typically accompany major 4 Year Cycle Tops are not present.  So I don’t believe the current cyclical bull market will end with the coming Yearly Cycle correction. In fact, most breadth indicators support a further rally in early 2014, one where a final 4 Year Cycle high is made. This is the point where I believe the next bear market decline will begin.   

11-9 Equities Monthly

Blind-Sided

November 9, 2013 in /by

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Daily Cycle Trader – Trade Alert

November 7, 2013 in /by

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Midweek Market Update Report

November 6, 2013 in /by

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The King Has Spoken

November 2, 2013 in /by

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Midweek Market Update

October 30, 2013 in /by

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Daily Cycle Trader – Trade Alert

October 28, 2013 in /by

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As Long as the Music is Playing

October 26, 2013 in /by

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Midweek Market Update

October 23, 2013 in /by

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Crude Oil – Headed Lower

October 21, 2013 in /by

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.   

10-19 Crude Daily