Review Of US Stocks: A Stubborness To Comply
Eric De Groot | Nov 20, 2014 07:13AM ET
US stocks simply refuse to decline. The rally that's recovered nearly all of the previous decline and hovering near a technical breakout of the -45° trendline from the September high continues frustrating those following cyclical tendencies. A market that refuses to comply with cyclical tendencies often displays unexpected strength when the cycle reverses.
The NYSE composite remains in a cause building phase until an X stack jumps above the yellow line (chart 1). Sorry bears, stocks' stubbornness to comply hints that this breakout is coming soon rather than later.
Chart 1
The professional investors must profit by anticipating future trends and events rather than chasing old news. This is done by following the invisible hand or message of the market. That message, the simultaneous study of the leverage (leverage) , time/cycles, and human behavior that excludes opinions is defined below:
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