With John Hampson

State Of The Markets

It’s been a while, so here’s how things now stand. 1. The topping process kicked off at the turn of the year with a gradual shift to defensives, as represented here … Continue reading

December 13, 2014 · 377 Comments


Oil plunging. High yield dropping. New all-time lows for bond yields in many European counties and Japan. Gold and silver major reversal. Apple large down day. Crazy spike in Rydex allocations. … Continue reading

December 2, 2014 · 964 Comments

Perspective Again

Take a step back and the topping process since the start of July can be seen in RSI, money flow and MACD divergences: Source: Stockcharts The same divergence processes in … Continue reading

November 25, 2014 · 95 Comments

Bear Market Bottom

Are we at a bear market bottom in equities? Take a look: 1. Cash holdings of fund managers like the major stocks lows. Source: U Karlewitz 2. Short Interest like the major … Continue reading

November 19, 2014 · 427 Comments

Cyclical / Secular

The short term first. The Dow Jones World stock index looks like this: Source: Stockcharts The current high is someway beneath the July/Sept highs and the lower high lower low trend … Continue reading

November 12, 2014 · 271 Comments

In Perspective

1. The start of January brought the shift to defensives, measured here in 4 ways: stocks to bonds ratio, cyclical to defensive sector ratio, small caps to all caps ratio and high … Continue reading

November 9, 2014 · 101 Comments


October ended with new marginal highs on the SP500, Dow and Nasdaq. The bottom line is: my analysis doesn’t change. Here’s why. There are too many stock market topping indicators … Continue reading

November 2, 2014 · 161 Comments

October 2000 vs. October 2014

By various indicators, equities in 2014 align well with the last solar maximum year of 2000. The topping process began in January. The solar maximum occurred in March with an … Continue reading

October 30, 2014 · 436 Comments

Explosive Rally Again

Another surprising day. Strong bullish action in US stock indices with leadership by cyclical sectors and small caps putting new highs within reach on most indices, and actually achieved by … Continue reading

October 29, 2014 · 89 Comments

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