NH-NL is a tool that can help you gain an edge in the battle for market success. Dr Elder recently taught a keynote class at the online Traders’ Expo – and now we got you a free video of that presentation.
A Spike Bounce signal warns traders that a rally is imminent – but not necessarily that the market correction is over.
To show you what you’re missing, we decided to begin this series of occasional posts – once in a while showing you exactly what Members are seeing.To see the latest post you need to LOG IN with your email and old password. IF you forgot your password, click on the HELP button on the front page to see how to get a new oneEnjoy – and we look forward to welcoming you in SpikeTradeAlex & Kerry
FGIC began to decline in May, building a massive divergence from S&P. It sank to extreme fear readings in mid-July and, with the exception of one week, has remained there.
All market corrections sooner or later start triggering one or more Spike Bounce signals, until the last one in the series augurs in the new bull market. FGIC has a close relationship with Strong and Medium Spike Bounce signals.
Trading in technology and healthcare has been a struggle. Even the fintech stocks have been shedding dollars. While this tech misery has been building, energy, especially the oil patch, has come alive, starting a massive rally. The fundamentals are simple. The world is slowly recovering from the pandemic, the world’s population is growing, lagging nations are developing, OPEC+ nations need more oil for their citizens, and consumer electronics are predicted to double by 2030. The real elephant in the room is that the U.S. is about to throw a trillion dollars into an infrastructure rebuild. Rebuilding the nation’s highways and bridges is going to take a lot of energy. It’s the perfect dynamic for energy—fossil and non-fossil—and it should be a long ride.Fossil fuel—oil and gas—are in early-stage bull runs. Crude is about $80/bbl, OPEC and Russia won’t expand production much, and winter is coming. A strong case can be made that the old 2014 highs of $140/bbl will be taken out. Maybe not immediately, but in a couple of years.
Hello and thank you for your previous interest in SpikeTrade.To show you what you’re missing, we decided to begin this series of occasional posts – showing you once in a while exactly what Members are seeing.Enjoy – and we look forward to welcoming you in SpikeTradeAlex & Kerry
The market failed to trigger a strong Spike Bounce signal on Friday, as the monthly NL remained below its –500 level. FGIC spent the third consecutive week in extreme fear readings, 20 calendar days.
Alex will be speaking at the online Traders’ Expo on Tuesday, October 5, 10 – 10:40 am ET.
S&P has been climbing since the beginning of May, interrupted only by a few quick pullbacks. While financial markets have become largely unrelated to the real economy in recent times, they are now also independent of market sentiment.