I was going to mention CTIX in today’s Market Close Report…….but I forgot. Better late than never.

A subscriber sent in an interesting TA chart today and in tandem with the Daily Trend Model does suggest a buying opportunity at hand. Certainly if you have yet to buy CTIX, [Read more...]

Market Close, Nov 3rd

SPX Hourly Trend Model

Las night’s Elliott Wave Short-Term Update noted that recent upward retracements of initial downswings have been unusually long before leading to the next move down. So it was the case today, with the counter-trend rally hitting the Fibonacci 61.8% retracement level.  The False Bar Stochastic is very overbought and appears [Read more...]