January 11: Canopy Growth – Up 31% Since Breakout. The December 31st report on Canopy Growth pointed out the weekly Springboard Buy Alert. All that was needed was a week with a higher high to trigger a rally. The stock broke out at $28.07 and has now rallied to the optimum target of $40 within eight trading days.
December 26: Simultaneous Capitulation in Crude and S&P
December 21: The break below 3% in the 10-Year T-Note yield was a canary in the coal mine regarding equity markets. The optimum support should be around the 50-month ema; now 21,094 in the Dow and 2360 in the S&P.
December 14: Death Cross in S&P
December 14: Gold was expected to have a pullback of one to four days following the Sequential 9 Sell Setup. It is now in place as prices tested the 20-day ema and October highs this morning. Closing prices should now hold at the moving average for the market to remain constructive during the seasonally positive period.
Charts & Markets had its origins back in the 1970s, when Bob built a “model” from the price history of metals and was retained by some large mining companies. In 1981, presentations to financial institutions included the observation that “No matter how much the Fed prints, stocks will outperform commodities.” Being early in an era of financial bubbles, this was controversial. The “Markets” side of our name includes forecasts of probable major turning points for stocks, bonds, currencies, and commodities.
The historical work on potential market excesses has been backed up with Ross Clark’s outstanding abilities to methodically determine technical excesses, either up or down. In so many words, the “Charts” part of our logo, identifies excesses at likely turning points. A “Springboard Buy” registered on November 3rd, 2016.
Bob’s work on the history of political “markets” enabled the call on the popular uprising that is actually the early stages of the greatest reform movement since the early 1600s. A key essay was “American Spring” published on July 4, 2016. Updated on September 28th, it outlined that the popular uprising would likely be successful in the US election, that November 8th.
Our research is based upon a thorough review of financial history. That every great financial bubble has had similar beginnings and endings has been our contribution to the economic literature. This, when combined with our proprietary technical analysis, has enabled some practical calls.
Our team is comprised of individuals who have participated in multiple booms and busts in domestic and international markets. You can count on unbiased recommendations and impartial guidance.
Weekly Pivotal Events market analysis reports covering equities, credit markets, currencies and commodities. Thought provoking editorial commentaries.
ChartWorks technical analysis utilizes pattern recognition and proprietary momentum models to identify inflection points in the markets
Weekly BondWorks commentary and outlook for the credit markets.