12/02/2020

Good Evening, As we enter the final month of year the market is focused on three issues. #1 Fiscal Stimulus from the government. Can democrats and republicans come to an agreement across the aisle on a pandemic stimulus bill? That is the question that is most on the minds of investors. #2 Distribution of the Covid 19 vaccines that have been developed in 2020. It won’t happen overnight but the more this is accomplished the better the market will get. ...

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11/26/2020 Thanksgiving

Good Day, First and foremost let me wish each and every one of you a happy thanksgiving! I pray that this message finds you all safe and well with your families. So why am I writing this blog on thanksgiving?? Because it’s the only time I could find a break in my schedule to do so! I think we will all agree this has not been a normal year. By the matter of fact I will go so far as ...

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11/18/2020

Good Evening, Today is was the battle between the good news of multiple effective vaccine candidates and the threat of new economic shutdowns. When the final bell sounded it was the threat of renewed shutdowns that won out. The corona news definitely has the greatest influence on the market now. I must say, I’m quite happy to see the political stuff move to the back seat for a little while. Both sides get mad when I write about that stuff. ...

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11/11/2020

Good Evening, The post election market continues to be shaped by the same issues that we’ve been discussing since March. First and foremost are the infection rate of Covid 19 and the development of a Vaccine. Somewhat in the rearview mirror but not entirely gone is the uncertainty created by the Presidential election. The big drag on the market now is absolutely the surge of Covid 19 cases in the US and abroad forcing new restrictions which threaten the world ...

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11/04/2020

Good Evening. Surprise Surprise! We now have a contested election. I don’t care which party you support. This high volume of mail in ballets is a bad thing. They increase the margin for error and invite corruption. Thanks to them neither party or it’s voters will accept the results of this election. Hopefully, we can can get through this somehow. Keep praying for our nation! Today was a good example of why you trust your chart and not your heart. ...

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10/28/2020

Good Evening, If you will remember back when we reentered equities in early October I said we’d need the patience of Job to get through this trade and today’s action was exactly what I was talking about. As I feared then and know now a second surge of Corona Virus and political instability resulting from the US elections to be held in a matter of days have put downward pressure on stocks. At the time we made that trade we ...

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10/20/2020

Good Evening, The market closed modestly higher on hopes that an economic stimulus bill will be passed before the election. Make no mistake, trading right now is totally focused on a stimulus bill. Today House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both indicated that progress had been made toward an agreement between Democrats and the GOP. Nancy Pelosi had previously set today as a deadline in which an agreement had to be reached prior to the election. ...

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10/13/2020

Good Evening, The market continues to be moved by the same issues, Covid-19, the election, and the economy. Although, the latter has seemed to take a back seat with all the political drama on Capital Hill. Today the market was primarily focused a delay in Johnson and Johnson’s Covid 19 vaccine trials and a lack of progress on stimulus legislation in congress. Specifically, Johnson and Johnson delayed their Phase three vaccine trials due to an unknown illness and stimulus legislation ...

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10/12/2020 Latest Analysis From Wayne

Good Morning,
This is the Nasdaq Index Chart.
The week at the end of September was building the bottom. The weekly reversal line has pressure from top in September. The weekly reversal lines are similar in March and September; however, the breather indicator in September was not extreme like March. There was consolidation in September, but the black swan bearish in March.

10/06/2020

Good Evening, Wow, where do I start? Yesterday afternoon I received a new buy signal on the chart for the S Fund. Actually, for both the C and the S Funds. I said I would ignore the charts and stay out of the market until after the election. After all it was an extremely weak signal that I sold on. I would have been more patient but the fundamental issues kept piling up and the stock prices kept going down ...

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