S&P500: Forecasting the next move(s)

In last week’s “weekly digest” for our premium members, we forecasted “We see an ideal … top at SPX2174-2188, followed by a drop to SPX2250-2235 (likely the high end of the range) for … before the market continues to melt up to SPX2300 from which a somewhat larger correction (50p) should occur.” We provided the…

Starbucks (SBUX): Should you buy the upcoming correction?

One of the nation’s favorite coffee brewer’s stock, SBUX, has been on a tear lately rallying almost 18% off it’s low made in early November of this year. However, all good things come to an end and also for SBUX we see a larger correction coming, which we believe should be bought. Why? For those…

Can we time the market?

Those who follow the market reasonable close know Fibonacci numbers and ratios are important (1, 2, 3, 5, 8, etc.; and 0.382x, 0.618x, 0.764x, etc) for understanding the market and projecting price levels. However, can we use Fibonacci both for price AND time? Since the high made in May 2015 we’ve been tracking the S&P500…