The wild cards

US equities have begun April on a weak note, but two blue Elder* candles don’t count for much, having not seen a red candle since the Oct’2023 low. Indeed, 4103 is a very considerable 1101pts (21.1%) to the downside.

*for more on Elder Impulse candles… see: Stockcharts

As things are, I will continue to see the m/t trend as bullish unless a rollover in monthly price momentum, and a monthly settlement under the monthly 10MA – currently 4731 (adjusting into the 4800s in May).

Until then, I see any short index trades as distinctly risky, although the bolder day/swing traders could try. Long Gold, Silver, and Oil will arguably make for better sleep at night.

The wild cards

If the equity bulls should be concerned about anything this spring/summer, its a geo-political wild card/s. The US election is certainly one, but there are many others…


I’m sure you could add to the list.

It should be clear… the war drums are getting ever louder. Whether you agree we’re already in the early stage of WWIII doesn’t really matter. What does matter is that you recognise the truck load of geo-political wild cards, which are arguably even more important than whether Print Central cuts or raises rates.

One thing is for sure, things on planet Krazy are only going to get more wild this year.

For more of the same… subscribe!

Yours… charts 24/7/365

Spring/Easter offers

… as at March 16th 2024, the SPX is currently higher for a fifth consecutive month, having recently printed a new hist’ high of 5189. Monthly price momentum is increasingly positive, if on the very high side. I would note the key 10MA at 4642, which will be in the 4700s in April.

For now ‘normal service’ continues, the only issue is when it breaks, what degree of retrace, and across how many months.

The spring and summer ahead should be increasingly dynamic, not least as the market will increasingly turn its attention to the November election.

Spring/Easter offers

6 months at $17 a month for $102 (+ ONE month of free time)
12 months at $15 a month for $180 (+ TWO months of free time).

-Payment for each offer is in one lump sum.
-Offers valid until midnight EDT, Sunday April 7th 2024

You can pay via Stripe, which takes payments, including Visa, Mastercard, American Express, Discover, Diners Club, Apple Pay, Google Pay, and Link.

Six months >

Twelve months >

You’re also welcome to Pay via Paypal.
See >

For market commentary from someone who is truly independent… Subscribe!  Yours, charts 24/7/365