S O L A R C Y C L E S

With John Hampson

Bounce

A bounce looks likely here, and a significant one at that. Capitulative breadth (Rob Hannah) hit 20 yesterday, which is extreme. See other extreme readings here: In the past, they … Continue reading

July 28, 2015 · 74 Comments

No Change

The underlying picture still looks the same. Stocks have rallied back up but there are so many persistent divergences that aren’t supportive. Here breadth, strength and bullish percent all look … Continue reading

July 19, 2015 · 354 Comments

Topping Process

Some big moves in commodities, China stocks, Japan, and a change in character in US equities whereby nothing is currently working for the bulls. It begs the question where we … Continue reading

July 9, 2015 · 413 Comments

Gold And Gold Miners

Gold as an investment: not straight forward. It was the original money, valued for its rare, precious and indestructible qualities. Fiat money then took over, but convertible to gold. Now, … Continue reading

July 3, 2015 · 184 Comments

Charts Update

It’s a picture of a major market top. The ‘real’ peak was mid-2014 at the solar max, as it was at the last solar max of Spring 2000. The supports … Continue reading

July 1, 2015 · 96 Comments

Selling Exhaustion Signs

The first day of decent selling…. but exhaustion signals appear. Yesterday was the highest downside volume day since March 2012. It ended the longest streak of no >2% up or … Continue reading

June 30, 2015 · 58 Comments

The Bubble Within The Bubble

Namely,┬áthe Biotech sector within┬áthe wider stock market. Is the wider stock market in a bubble? Valuations in the 97th percentile, record extreme leverage, allocations second only to the dot.com bubble, … Continue reading

June 26, 2015 · 129 Comments

Comparison to 2000

The biggest stock market mania of all time peaked out in March 2000, which was the exact month the smoothed solar max of SC23 peaked. Solar cycle 24 appears to … Continue reading

June 19, 2015 · 224 Comments

Comparison to 1929

Hat tips to Mark, John Li and Chien Jen. So what’s similar to 1929? A stock market mania to extreme valuations. Source: D Short A similar low intensity solar cycle. … Continue reading

June 17, 2015 · 55 Comments

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