Entries by Bob Loukas

Steps from a Deep October Market Selloff

September 22, 2015 in /by

In this particular case, I have maintained for a number of weeks that the markets were in the earlier stages of the Investor Cycle, meaning that the Aug 24th lows would eventually be exceeded. That would involve a pattern where the markets recovered back towards the prior breakdown point near 2,044, and then continue lower. Two days of sharp declines are not confirmation, but that was an ugly end to the week and the odds of that expected pattern playing out, i.e. a continuation lower, have greatly increased.

Step Two

September 20, 2015 in /by

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Midweek Market Update – Sep 16th

September 16, 2015 in /by

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A Time For Sitting

September 13, 2015 in /by

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Midweek Market Update – Sept 9th

September 9, 2015 in /by

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Short Term Crude Oil Price Recovery

September 8, 2015 in /by

Last week, Crude put in one of the best single week rallies on record. Such a move was obviously not the result of bargain hunters or demand buying; it was driven purely by overly-leveraged speculators covering Short positions as the market turned higher. Once such moves get going, they often take longer than six sessions to resolve, so I expect that Crude will continue higher in the coming week as traders continue to cover their Shorts.

Volatility to Remain – Free Report

September 8, 2015 in /by

In summary, so far the declines have been of the ICL variety. But the fact that the market has entered into a correction with such high volatility and so early in the Investor Cycle points to a deeper market correction. But it won’t be a straight line lower, and with markets extended to the downside, we should have a period of stability (maybe 2 weeks higher) that should lead to a short-term top. Only then, after the bulls have begun to feel comfortable that the “buy the dip” narrative will hold true again, will the market be in a position to continue its decline.

Volatility to Remain

September 7, 2015 in /by

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Midweek Market Report – Sep 2nd

September 2, 2015 in /by

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Sparkle Time

August 31, 2015 in /by

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