The video in this report is only accessible to members
The video in this report is only accessible to members

Near-term trends for US Equities are bullish and should require consolidation in the weeks to come following their sharp rallies from October lows.  Treasury yields and US Dollar should be close to bottoming.   Equity indices might temporarily peak this week and pullback ahead of a rally into 2024.   At present, precious metals, Crude oil, and Cryptocurrencies are more attractive than Equities over the next few weeks.

As with recent days, I find myself with far less to discuss on equities vs Metals and crypto which have both begun to show stellar signs of pushing higher during a seasonally bullish time.  Equity indices, however, have shown increasing signs of stalling out in recent days.

With regards to equities, it’s important to reiterate a few key things:

  • My reticence in attempting to stick with this uptrend while SPX is near 4600 has less to do with intermediate-term concerns, and is primarily short-term focused.
  • Equities are up 10% in 5 weeks’ time, and Elliott-wave structure, cycles and DeMark exhaustion signals all point to the possibility of consolidation in December. 
While I respect and admire the strength of Technology in having led the charge in recen...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)