Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 2 23 2018
By: Ira Epstein

Unintended Consequences, Part 1: Bigger Deficits = Higher Interest Rates =…Many Bad Things
By: John Rubino

A Roman lesson on inflation
By: Alasdair Macleod

COT Gold, Silver and US Dollar Index Report - February 23, 2018
By: GoldSeek.com

One Belt, One Road, One Direction for Precious Metals
By: David Smith

How global growth and infrastructure are driving commodities
By: Richard (Rick) Mills

Gold’s Curious Sentiment
By: Adam Hamilton, CPA

Dow Jones Tanks As Silver Market Price Bottoming
By: Steve St. Angelo

GoldSeek Radio Nugget: Andy Schectman and Chris Waltzek
By: radio.GoldSeek.com

 
Search

GoldSeek Web

 
More on the Big Picture Stock Market Cycle


 -- Published: Friday, 12 June 2015 | Print  | Disqus 

By Gary Tanashian

In the previous post Tom McClellan highlights Peter Eliades’ work on the cyclical top due in the S&P 500 this year.  To add some color to it, here is the chart I produced for NFTRH subscribers several weeks ago after purchasing and reading an Eliades report myself.  His work came to my attention by way of Robert Prechter.

spx

Bear in mind that this big picture cycle is a blunt tool, much like market sentiment or other indicators that show risk, but for extended periods, little risk discovery.  So as McClellan mentions, it takes much finer detail management to gauge a topping process.  That is what makes market management interesting and sometimes even fun; adding details and color to big picture theses.

We should not look at one chart and its message without cross referencing other charts, data and indicators.  The best risk vs. reward scenarios come about when multiple data points come to similar conclusions.

Anyway, staying on the big picture, here is another monthly chart of the S&P 500 we have been using in NFTRH that shows yes indeed, a top (of some kind) is indicated by the monthly MACD signal, but…

spx.mo

Click chart to expand to full view

…that each of the last two major tops included a bearish MACD signal that preceded a drop to the monthly EMA 20, which turned out to be a pause to refresh prior to ultimate bull market highs in both cases.

Will it be different this time?  Very possibly, but also very possibly not.  The stock market cycle indicates that it will be different because the S&P is supposedly due for a major top.  But the color and detail can only be painted in by doing the shorter-term work each week.  Especially since this cycle has had a certain ‘rule breaker’ aspect to it, due in my opinion to historically aggressive policy maker inputs (and resulting distortions) from its birth in Q4 2008/Q1 2009 to today.

NFTRH.com and Biiwii.com.


| Digg This Article
 -- Published: Friday, 12 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.