Tweet By Jeff Pierce This isn’t going to be all doom and gloom, but there does seem to be something wrong with the markets lately. The bounce on Wednesday was met with forceful selling on Thursday and today we undercut recent lows. Basically this tells me that we’re going to see more downside before another […]

Tweet By Jeff Pierce The Nasdaq is fighting to get back to 2014 highs and while it just may make it back I don’t think it’ll stay there. That will leave the Dow well shy of new highs and make for a failed attempt to break out if what I see happening plays out. But […]

Tweet By Jeff Pierce 2 Out of 3 of the markets I cover are now bearish for my market timing signal. The Dow flipped on Jan 24th and the Nasdaq on Jan 27th, wihile the TSX remains bullish. Caution is advised against opening new positions, especially if you trade momentum stocks as they can get […]

Tweet By Jeff Pierce I thought 16000 would be where the Dow bounced be we sliced through that like hot butter. It now looks like we’re going to trade down to the 15700-15800 level before we’ll find support. When viewing the VIX charts below you’ll see that we rose quite a bit and I would […]