Posts

  • Yes, We Did Get the Expected Rally

    I pointed out last week that I thought the next move would be a rally that took us up to the descending trendline on the Marked Volume Oscillator chart, and that is what has occurred. I haven’t yet removed the notation made last Monday showing that we reached the red trend line resistance level on … Continue reading Yes, We Did Get the Expected Rally →

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  • I Wasn’t Expecting To Post This Week, But…

    We had some major developments this week, and are left at a precipitous point. Last week I pointed out that if we had a low below -95 on the VO, we were in danger of creating a Bear T formation. This formation is not based on that prior low of -95, but builds from a … Continue reading I Wasn’t Expecting To Post This Week, But… →

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  • Actions, Not Words–Or Maybe Both

    Last week I mentioned that I would re-visit interest rates in my next post. I am going to suggest that readers re-read (or read for the first time) the first half of my post of December 23, regarding rates and their future direction. (I apologize for the missing charts mentioned in the latter portions of … Continue reading Actions, Not Words–Or Maybe Both →

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  • A New T May Be Forming

    The market is beginning to show signs of weakness, for the first time in months. In terms of Terry Laundry’s main T-Theory Chart, we can see a declining trend channel in the Volume Oscillator. Looking at the above chart, I would expect it to take a fair amount of time to arrive at a bottom, … Continue reading A New T May Be Forming →

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  • Raising Stops

    There still is no traditional T in place, as I view equities. The GLD T continues on, and has another week to run. Percentage Change on Major Asset Classes: Asset This Week Prior Week Month YTD SPX 0.39 2.29 3.63 10.1 TLT 0.68 1.12 1.48 -3.74 IWM 2.55 1.57 4.17 5.02 GLD 2.68 0.32 9.23 … Continue reading Raising Stops →

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  • The Two Percent Solution

    There is still no equity T, and the likelihood of one forming soon is not in the cards. But while there has been no T in equities, we have reached a new high in the SPX. There will be a time when it is clear that the trend is over. Right now, I can only … Continue reading The Two Percent Solution →

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  • Reviewing A Non-T Period

    When there is no T, one needs to use other tools to make market decisions. We’ve had long stretches in the past where there were no equity T’s, and when we have such periods, choices must be made as to where we are. We look at other asset classes to see what could be developing. … Continue reading Reviewing A Non-T Period →

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  • What’s a Point of Recognition?

    When descending and up trending lines converge, we get days like today. I have also closed out my GLD trade from 184, which I started on February 12. While this may continue through April, we are clearly overextended.

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  • A Few Points to Make

    I’m on the road, and this may be all I write over the next 2 weeks. Posting from an iPad is not easy when I cut and paste charts. Last week’s results: Asset Performance SPX +0.9% IWM +3.0% QQQ +2.0% TLT +1.0% GLD +2.3% Take some “longer term” perspective looks over the past month: Asset … Continue reading A Few Points to Make →

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  • A Quick Note

    For those who don’t look at the main T-Theory chart every day. I did add a note to the Main Chart yesterday regarding a Point of Recognition: I’m sorry for the late notice on this. Keep in mind that Points of Recognition are an “art”, not a science.

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