Category: Market Commentary

The LT wave did fairly well in January. The start was pretty good, as expected, and then stocks went largely sideways until the second weekend. The period of weakness starting around the 11th was rather mild at first and then intensified near the middle of the month.There was a suprisingly strong rebound rally, which was… Continue reading LT wave for February 2026

The LT wave did well in December. There was mild sputtering in the first days and then the SPX climbed to just above 6900 in the second week. The middle week, which was expected to be weaker, saw a significant pullback, followed by a rally in the next week, when new record highs were reached.… Continue reading LT wave for January 2026

The LT wave had a poor month in November. The expected pattern held up until around the 12th, but the subsequent price action was much weaker than expected until the end of the 3rd week. And then stocks rebounded sharply in the final week, when strength was projected. Some would say: phase inversion. I just… Continue reading LT wave for December 2025

The LT wave did quite well again in October. The market went flat in the first days that were expected to be weaker. The subsequent stronger period started ok, but there was a sudden big down day on the 10th. That happened to be a very low couple of days in the blue line (shorter… Continue reading LT wave for November 2025