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I’m going to spend little time on the equity markets this week, covering just the fundamentals of where the Cycle’s stand. I’m convinced now that the equity markets are peaking, into their final bull market speculative run that will soon end badly for these markets. But soon is a relative term, considering that this bull market is fast approaching its 6th anniversary.
A flat and tight week for the equity markets, I suspect because the S&P is already well into the Half Cycle Low that it’s keep a lid on the recent move. So I’m going to consider this sideways move as consolidation at that HCL juncture, where normally we would be seeing a decent drop into that Low. To me, this only highlights the speculative (runaway) move the markets currently find themselves in. The fact that after a 220 point record setting run that we’re not seeing even a token decline is indicative of where we stand in the bull market Cycle.
This post was published at ZenTrader on November 15, 2014.
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