February 24, 2013
Weekly Market Outlook
By Geoff Bysshe
It's amazing how rhythmic markets can be. I don't spend a lot of time researching the cycles that exist in the market, but I've always got my eye out for an obvious intersection of price and TIME. This is particularly interesting when I consider that two weeks ago I pointed out that the EURUSD has may have topped, and if that was true it could create a problem for stocks. Since then the EURUSD has weakened and the accent of stocks has slowed.
This week I stumbled on another big picture problem for the bulls in stocks - TIME. This week looks like it could be a cyclical high. I wouldn't simply sell everything, and/or load my portfolio with shorts, but if the market weakness resumes this week I'll give it a lot more respect than I would have before I saw how ominously time may have just run out on the current leg up in this bull market.
This week's video looks at the coming cyclical high, the updated condition of the currency effect on stocks, the potential for a big move in interest rates coming soon, and why the market may continue Friday's bounce back before the bears gain any real traction.
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