Walter Murphy's Market Insights

tag:blogger.com,1999:blog-79239657152389494452011-07-30T22:20:19.516-04:00Walter Murphy's Market InsightsCommentary on the financial markets using Elliott Wave, Cycles, Momentum, Sentiment, and any other tools that will help.Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.comBlogger2251100tag:blogger.com,1999:blog-7923965715238949445.post-41824255361793484702010-03-17T08:47:00.004-04:002010-03-17T08:57:47.157-04:00New Public Blog Post

Our daily blog has migrated to the “Comments” section of our website (www.wminsights.com) and will be available only to subscribers, along with Insights and the Short Term Review. Hopefully, this will allow subscribers to avoid fire-wall issues that often interfere with directly accessing a typical blog site.Non-subscribers will be directed to a new Market Pulse blog page that will be

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com35tag:blogger.com,1999:blog-7923965715238949445.post-26874345022479036362010-03-11T20:30:00.002-05:002010-03-11T20:33:16.940-05:00We Have Moved

Our daily blog has migrated to the “Comments” section of our website (www.wminsights.com) and will be available only to subscribers, along with Insights and the Short Term Review. Hopefully, this will allow subscribers to avoid fire-wall issues that often interfere with directly accessing a typical blog site. Today's blog is titled, A Penny for Your Thoughts.Non-subscribers will be directed to a

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-76159270282527527292010-03-10T21:51:00.004-05:002010-03-10T21:57:51.647-05:00We Have Moved

Our daily blog has migrated to the “Comments” section of our website (www.wminsights.com) and will be available only to subscribers, along with Insights and the Short Term Review. Hopefully, this will allow subscribers to avoid fire-wall issues that often interfere with directly accessing a typical blog site. Today's blog is titled, A Breadth of Fresh Air.Non-subscribers will be directed to a

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-9331941128731391422010-03-09T22:50:00.001-05:002010-03-09T22:50:09.703-05:00“Xs” Marks the Spot

It looks like tomorrow will be the day that our blog finally migrates to the “Comments” section of our website (www.wminsights.com). We have also decided to make the daily blog available only to subscribers, along with Insights and the Short Term Review. Hopefully, this will allow subscribers to avoid fire-wall issues that often interfere with directly accessing a typical blog site.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-85753331323103282462010-03-08T19:28:00.002-05:002010-03-08T20:11:38.173-05:00A Coming Reversion to the Mean?

March’s monthly Insights has been released and is available to subscribers on our website, www.wminsights.com. We also hope to make our blog available to all readers in the Comments section of our website in the next day or two. (Insights and the Short Term Review will continue to be available only to subscribers.) Readers interested in becoming a subscriber should send an e-mail to walter@

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-21541738463102337792010-03-07T20:04:00.001-05:002010-03-07T20:04:54.899-05:00Points to Ponder

March’s monthly insights has been released and is available to subscribers on our website, www.wminsights.com. We also hope to make our blog available to all readers in the Comments section of our website in the next day or two. Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter at http://twitter.com/waltergmurphy. Friday’s rally

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-64158013109848504832010-03-04T18:06:00.001-05:002010-03-04T18:06:03.065-05:00Monthly Insights

This month’s Insights has been posted to the website for subscribers. Below is our “Plain English” summary as well as one of the charts from the report: Stocks: It is highly unlikely that the rally since last March is a new bull market. It may qualify as a bull market by conventional (myopic) standards, but it is structurally a bear market rally. The Rest of the World: In the months ahead,

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-6176600050093794142010-03-03T22:31:00.001-05:002010-03-03T22:31:58.888-05:00Tick Tock

We still hope to make our blog available to all readers in the Comments section of our website, www.wminsights.com by the end of this week. Insights and the Short Term Review will continue to be available only to subscribers. Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter as waltergmurphy. On Wednesday, the S&P 500 rallied by

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-31343500856857993372010-03-02T20:29:00.001-05:002010-03-02T20:29:30.648-05:00Time is Running Short

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-59141399802826479252010-03-01T22:43:00.001-05:002010-03-01T22:43:05.284-05:00Internal Peak

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-36504317827845734992010-02-25T20:53:00.001-05:002010-02-25T20:53:12.439-05:00Bending but Not Yet Broken

We are moving! Hopefully by the end of next week our blog will be available to all readers in the Comments section of our website, www.wminsights.com. Insights and the Short Term Review will continue to be available only to subscribers. Further details will be posted when they become more certain. Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-57725094227586908902010-02-24T21:02:00.001-05:002010-02-24T21:02:26.711-05:00It’s Not Over ‘Til It’s Over

We are moving! Hopefully by the end of next week – perhaps sooner – our blog will be available to all readers in the Comments section of our website, www.wminsights.com. Insights and the Short Term Review will continue to be available only to subscribers. Further details will be posted when they become more certain. Readers interested in becoming a subscriber should send an e-mail to walter@

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-35936132956335510642010-02-23T20:43:00.001-05:002010-02-23T20:43:59.841-05:00Bull Trap for Consumer Confidence

We are moving! By the end of next week – hopefully sooner – our blog will be available to all readers in the Comments section of our website, www.wminsights.com. Insights and the Short Term Review will continue to be available only to subscribers. Further details will be posted when they become more certain. Readers interested in becoming a subscriber should send an e-mail to walter@

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-9263122160931514722010-02-22T21:28:00.001-05:002010-02-22T21:49:51.974-05:00Bond Prices Ready to Rally

Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter as waltergmurphy. On Monday, the S&P 500 broke a four-day winning streak with a loss of 0.1%. Breadth was modestly negative, but the up/down volume ratio was modestly positive. However, total volume continued its recent malaise and fell to its lowest level of the year. The daily

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com1tag:blogger.com,1999:blog-7923965715238949445.post-46602762087815408892010-02-18T19:08:00.001-05:002010-02-18T19:08:08.492-05:00Don’t Throw the Baby Out with the Bathwater

Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter as waltergmurphy. On Thursday, the S&P 500 posted its third straight gain with a rally of 0.7%. Breadth was positive by a 7:3 ratio while up volume was greater than down volume by a bit more than 2:1. However, total volume fell by 9% to its lowest level of the month. The daily

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-6269409068911637602010-02-17T20:36:00.001-05:002010-02-17T20:36:31.251-05:00Up, Close, and Personal

Our Short Term Review has been released and is available to subscribers on the website. Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter as waltergmurphy. On Wednesday, the S&P 500 gained 0.4%. Breadth was positive by less than a 2:1 ratio while up volume outpaced down volume by a bit more than 2:1. Total volume was marginally

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-39541562798562898092010-02-16T21:53:00.003-05:002010-02-16T21:59:15.705-05:00Short Term Review

The latest Short Term Review has been posted to our website (www.wminsights.com)for our subscribers. Below is the front page Plain English summary. If you are interested in the full report, please access the website for subscription information or e-mail customerservice@wminsights.com.Stocks: Even if a rally through 1104-1105 were to occur, we do not believe that would change the big picture

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-79577397895867453022010-02-11T21:25:00.004-05:002010-02-11T21:34:50.921-05:00Signs of Distribution

Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter as waltergmurphy.On Thursday, the S&P 500 gained 1.0%. Breadth was positive by a bit less than a 6:1 ratio while up volume outpaced down volume by better than 3:1. Total volume was marginally better than Wednesday’s turnover, but remains well below its 21-day ma. The daily

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-68148636912185461582010-02-10T21:56:00.002-05:002010-02-10T21:59:56.007-05:00A Coin Toss

Readers interested in becoming a subscriber should send an e-mail to walter@wminsights.com. We are also on Twitter as waltergmurphy.We will be hosting a webinar/conference call later this month. It would be about an hour and will include both charts and Q&A. The cost will be $30 and there are still some spots available. Please send expressions of serious interest (with no commitment) to walter

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-68141178826712744942010-02-10T07:03:00.003-05:002010-02-10T07:10:13.858-05:00R&R

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-38605338320476956762010-02-08T21:01:00.003-05:002010-02-08T21:11:02.976-05:00Short Term Review

A new Short Term Review has been posted to our website www.wminsights.com for subscribers. To subscribe please visit the website for details.Below is the "Plain English" summary from the first page of the report.Stocks: Our main focus is on tactical support at 1029-1020. Since last week’s low was a minimum objective and since we do not think that last week’s low was the low, it seems

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-82022804944493832972010-02-05T08:02:00.003-05:002010-02-05T08:08:43.557-05:00The Cork’s Out of the Bottle

February’s monthly Insights was released to subscribers Tuesday evening. Readers interested in becoming a subscriber should send an e-mail to either walter@wminsights.com or customerservice@wminsights.com. We are also on Twitter as waltergmurphy.We are considering hosting a webinar/conference call later this month. It would be about an hour, would be limited to 30 participants (with priority to

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-29622230211217629972010-02-03T20:37:00.003-05:002010-02-03T20:41:46.778-05:00Near Term Improvement, But …

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-3135286940106852842010-02-02T20:45:00.002-05:002010-02-02T20:50:56.185-05:00February's Monthly

The new monthly has been posted to our website for our subscribers. If you are interested in purchasing the report or in subscribing for a year (approx 35 reports plus 150-200 daily comments) please e-mail walter@wminsights.com.Below, is our Plain English summary from the first page of the monthly. The charts are worthwhile!!Stocks: We can say with confidence that the rally from the July lows

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-86220098567041252012010-02-01T19:57:00.003-05:002010-02-01T21:08:03.122-05:00Countertrend Rally

We are on Twitter as waltergmurphy.February’s monthly Insights should be released Tuesday (Wednesday at the latest). Readers interested in becoming a subscriber should send an e-mail to either walter@wminsights.com or customerservice@wminsights.com.We are considering hosting a webinar/conference call later this month. It would be about an hour, would be limited to 30 participants (with priority

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-82306922544270464802010-01-28T22:35:00.003-05:002010-01-28T22:40:45.670-05:00A Linear Downtrend

This is our 200th post on this page!!We are now on Twitter as waltergmurphy. We will make brief posts when conditions warrant.Readers interested in becoming a subscriber to our Insights and Short Term Review reports should send an e-mail to either walter@wminsights.com or customerservice@wminsights.com.On Thursday, the S&P 500 fell 1.2%. Breadth was negative by 9:2 and the up/down volume ratio

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-84420382704116770942010-01-28T08:39:00.003-05:002010-01-28T08:45:31.670-05:00The Second Domino Falls

We are now on Twitter as waltergmurphy. We will make brief posts when conditions warrant.Readers interested in becoming a subscriber to our Insights and Short Term Review reports should send an e-mail to either walter@wminsights.com or customerservice@wminsights.com.On Monday, the S&P 500 rallied 0.5%. Breadth was positive by a 4:3 margin and up volume outpaced down volume by a 3:2 ratio. For

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-74787250668520736272010-01-25T20:55:00.003-05:002010-01-25T21:00:13.663-05:00A Bad Oversold Condition

We are now on Twitter as waltergmurphy. We will make brief posts when conditions warrant.We will be in Bethesda for the next couple of days, so there will definitely not be a blog on Tuesday night and perhaps not on Wednesday night either.Readers interested in becoming a subscriber to our Insights and Short Term Review reports should send an e-mail to either walter@wminsights.com or

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-15396953270394765802010-01-25T08:20:00.002-05:002010-01-25T08:24:13.115-05:00Short Term Review

The latest Short Term Review has been posted to the website (www.wminsights.com). Below is the the "Plain English Summary" from page 1 of the report.Stocks: We think there is a strong case to be made that last Monday’s high could prove to be the peak for the year. At the least, the current evidence suggests that it should be one of the three or four most important inflection points of 2010.10-

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-68111941834003767292010-01-21T21:06:00.002-05:002010-01-21T21:11:28.679-05:00Potentially a Lot Further to Go

We are now using Twitter. Our name is waltergmurphy. We will endeavor to make brief posts when conditions warrant (as was the case on Thursday).Readers interested in becoming a subscriber to our Insights and Short Term Review reports should send an e-mail to either walter@wminsights.com or customerservice@wminsights.com.On Thursday, the S&P 500 suffered its sharpest decline since late October

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-91479819734717690392010-01-20T21:47:00.003-05:002010-01-20T21:51:07.833-05:00A Domino Falls

We have opened a Twitter account. It will probably take some time to warm up to it, but it is our plan to use Twitter to augment our blog. That includes intra-day comments when appropriate. Our username is “waltergmurphy” and we look forward to seeing readers on our followers list.Readers interested in becoming a subscriber to our Insights and Short Term Review reports should send an e-mail to

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-86375351037054122312010-01-19T21:41:00.006-05:002010-01-19T21:54:22.318-05:00Mr. Market Knows Best

Readers interested in becoming a subscriber should send an e-mail to customerservice@wminsights.com.The New Year has had 11 trading days and the S&P 500 has been up for nine of them. On Tuesday, the index gained 1.3%. Some of the market mavens attributed this strength to the election in Massachusetts. Go figure. Regardless, both breadth and up/down volume were positive by about a 5:1 margin.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-12592665593571285662010-01-18T21:02:00.005-05:002010-01-19T09:40:41.462-05:00Short Term Review

A new Short Term Review has been released. Below is the "Plain English Summary" from the first page.Stocks: In our last comment we suggested that things could not get much better. Well, in the end, maybe they did not. We have to be prepared for a decline that could handily exceed 35%.10-Year Yields: From a non-Elliott perspective we respect the possibility that yields are engaged in a

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-44946253288800072502010-01-15T03:55:00.004-05:002010-01-15T04:01:20.267-05:00Do You Feel Lucky?

Readers interested in becoming a subscriber should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.Earlier in the week, I did two interviews. Please see: http://watch.bnn.ca/trading-day/january-2010/trading-day-january-11-2010/#clip254197 and http://media.mta.org/podcasts/2010-JAN12-waltermurphy.mp3.On Thursday, the S&P 500 posted its 8th gain in nine days with a

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-72962074988271594062010-01-13T21:10:00.003-05:002010-01-13T21:21:36.720-05:00Thomas Friedman and James Chaos

Readers interested in becoming a subscriber should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.Earlier in the week, I did two interviews. Please see: http://watch.bnn.ca/trading-day/january-2010/trading-day-january-11-2010/#clip254197 and http://media.mta.org/podcasts/2010-JAN12-waltermurphy.mp3.Errata: In yesterday’s post our head must have been in the clouds as

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-89047033113677918602010-01-12T20:53:00.002-05:002010-01-12T21:02:54.015-05:00Six and Counting?

Anyone interested in becoming a subscriber should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.On Monday I did an interview on Canada’s Business New Network. The link is: http://watch.bnn.ca/trading-day/january-2010/trading-day-january-11-2010/#clip254197. On Tuesday I did an MTA podcast, hosted by friend and fellow technician Ed Carlson. The link is: http://

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com3tag:blogger.com,1999:blog-7923965715238949445.post-51600583728584166622010-01-11T21:12:00.002-05:002010-01-11T21:15:47.135-05:00Getting (52-week) High

Our most recent Short Term Review has been released. Anyone interested in becoming a subscriber should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.Separately, I did an interview on Canada’s Business New Network (based on the Year Ahead piece). You can view the interview (and my boyish good looks) by clicking this link: http://watch.bnn.ca/trading-day/january-

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-56823274460709488902010-01-10T21:38:00.002-05:002010-01-10T21:43:52.892-05:00STR and BNN

The latest Short Term Review (STR) has been sent to our subscribers. Anyone interested in becoming a subscriber in order to receive a copy should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.For our Canadian friends, we will be doing an interview on the Business News Network (BNN) on Monday at 2:05. The primary focus will be on our recent Year Ahead report.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-70254899727182185612010-01-08T08:19:00.003-05:002010-01-08T08:25:21.042-05:0013 Days

Our Year Ahead has been sent to our subscribers. Anyone interested in either becoming a subscriber or separately purchasing the Year Ahead issue should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.On Thursday, the S&P 500 rallied 0.4%. This was the index’s fourth straight gain to begin 2010. Breadth was positive by a 3:2 margin and the up/down volume ratio was

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-5263029080717362222010-01-06T21:14:00.002-05:002010-01-06T21:17:51.906-05:00Dominoes

Our Year Ahead has been sent to our subscribers. Anyone interested in either becoming a subscriber or separately purchasing the Year Ahead issue should send an e-mail to either wmgallc@gmail.com or customerservice@wminsights.com.On Wednesday, the S&P 500 gained a bit more than 0.05%. But that was enough for the index to post its third straight gain of the new year, aided by modestly positive

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-83027015751363790412010-01-05T20:58:00.003-05:002010-01-05T21:02:36.997-05:00Hello 1137

Our Year Ahead has been sent to our subscribers. Anyone interested in either becoming a subscriber or separately purchasing the Year Ahead issue should contact either wmgallc@gmail.com or customerservice@wminsights.com. Below is the report’s “Plain English” summary for the stock market.While there are some mixed signals, especially for the first half of the year, the evidence seems to suggest

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-15839829580609048592010-01-04T21:52:00.002-05:002010-01-04T21:57:02.877-05:00A Little Bit of Something for Everyone

We have finished writing the Year Ahead report. However, we still have to add the charts and put it through a final proofread. We expect to release the report to subscribers by Tuesday, or Wednesday at the latest. Anyone interested in either becoming a subscriber or separately purchasing the Year Ahead issue should contact customerservice@wminsights.com.The S&P 500 began 2010 on a solid note

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-34354782477301195122009-12-30T22:01:00.003-05:002009-12-30T22:05:01.048-05:00II and CS

Our next scheduled report will be January's monthly Insights, which will be a detailed "Year Ahead" piece. If you are interested in subscribing to our services or separately purchasing the Year Ahead issue, please contact customerservice@wminsights.com.On Wednesday, the S&P 500 was virtually unchanged (with a gain of only 0.02%). Breadth was negative (by a 4:3 ratio) for the third day in a row

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-78556084430710771802009-12-29T19:58:00.002-05:002009-12-29T22:18:33.333-05:00Small Cap Stocks and the Put/Call Ratio

Our next scheduled report will be January's monthly Insights, which will be a detailed "Year Ahead" piece. If you are interested in subscribing to our services or separately purchasing the Year Ahead issue, please contact customerservice@wminsights.com.On Tuesday, the S&P 500 fell 0.1% and broke a six day winning streak. Breadth was negative (by a 7:6 ratio) for the second day in a row and

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-14755464991438292932009-12-29T08:17:00.002-05:002009-12-29T08:21:28.275-05:00If it’s a Bull Market, Where’s the Volume?

Our next scheduled report will be January's monthly Insights, which will be a detailed "Year Ahead" piece. If you are interested in subscribing to all of our services or separately purchasing the Year Ahead issue, please contact customerservice@wminsights.comOn Monday, the S&P 500 posted its sixth consecutive gain with a rally of 0.1%. As a result, it recorded new post-March highs on both an

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-30079431669422140582009-12-27T17:48:00.003-05:002009-12-27T17:56:04.126-05:00Short Term Review

The latest Short Term Review has been released to subscribers. The next scheduled report will be January's monthly Insights, which will be a detailed "Year Ahead" piece. If you are interested in subscribing to our services or separately purchasing the Year Ahead issue, please contact customerservice@wminsights.comBelow is a snippet from the new STR:It is worth noting that the IT sector is the

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-84825019248402632832009-12-22T22:15:00.002-05:002009-12-22T22:23:28.309-05:00500 Plus 10

The kids (and granddaughter) will begin to descend on the homestead tomorrow night. So it sees likely that this will be our last post until early next week. Best wishes to all.On Tuesday, the S&P 500 rallied 0.4% and, in the process, recorded a new recovery (since March) high on both a closing and intra-day basis. Breadth was positive by a bit less than 2:1 and the up/down volume ratio was

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-77107093981149001962009-12-21T20:46:00.003-05:002009-12-21T20:56:21.521-05:00Small is Getting Bigger

A subscription to our market letters is available through the website (www.wminsights.com). This blog will remain as is for a few more weeks, but will eventually be moved to the website for subscribers only. At that point, this page will remain, but the content will be a brief summary of the full website post. If you have any questions, please e-mail us at customerservice@wminsights.com.On

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-85813442142469082712009-12-21T08:43:00.003-05:002009-12-21T08:52:40.088-05:00Short Term Review

Our latest Short Term Review has been released to subscribers and is available on our website. In this issue, we discuss the divergences in the equity market, rising yields, the potential for a surprisingly large dollar rally, and continued pressures on commodities. If you are interested in subscribing and receiving this and future reports, please send an e-mail to customerservice@

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-20190094065026303422009-12-17T22:00:00.003-05:002009-12-17T22:07:19.520-05:00SPX and DXY

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-9572891611784035572009-12-17T08:56:00.002-05:002009-12-17T09:00:16.831-05:00Three Developments to Ponder

We’re back – sort of. We will have a normal post tonight, but three developments warrant a “heads up” comment. First, yesterday’s move to a new recovery high from the December 2 low was not confirmed by hourly momentum and failed to break out of the larger November-December trading range.Second, the daily Coppock Curve took on a bearish bias for a majority of 24 industry groups. This fits in

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-28926247850030891122009-12-13T20:35:00.003-05:002009-12-13T20:41:39.186-05:00Short Term Review

The latest Short Term Review has been released to subscribers. This issue includes a sector review, as well as the usual comments on the market, yields, the dollar and commodities. If you are interested in subscribing, please contact us customerservice@wminsights.com.Here is a portion from that report:The Information Technology sector has – by far and away – the strongest relative strength

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-59237823482595874502009-12-10T22:43:00.005-05:002009-12-10T23:00:50.545-05:00Momentum Improves; Financial Assets Grow

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-56261977417962008452009-12-09T21:26:00.002-05:002009-12-09T21:31:01.611-05:00Positive Divergences, But …

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-44583865437993593782009-12-08T23:00:00.002-05:002009-12-08T23:04:26.311-05:00Watching S&P 1087-1084 and the euro

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-15850683733947495932009-12-07T23:14:00.002-05:002009-12-07T23:25:55.907-05:00An Inside Day Plus the Dollar

December’s monthly Insights has e-mailed to our subscribers; it is also available to subscribers on our website. A subscription to our market letters is available through the website (www.wminsights.com). This blog will remain as is for a few more weeks, but will eventually be moved to the website for subscribers only. At that point, this page will remain, but the content will be a brief

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-2069306720382935832009-12-05T18:39:00.004-05:002009-12-05T18:46:39.659-05:00Monthly Insights

December's monthly Insights has been e-mailed to our subscribers and has also been posted to our website for subscribers. If you are interested in becoming a subscriber, please visit the website (www.wminsights.com) for details.Below is a chart from the new report.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-62573761342438093832009-12-03T21:51:00.002-05:002009-12-03T21:56:40.747-05:00Watching 1087-1084 -- Day 2

We expect to finish writing December’s monthly Insights by tomorrow (Saturday at the latest). It will be made available to subscribers on our website (www.WMInsights.com) and via e-mail. On Thursday, the S&P 500 broke a three-day winning streak with a loss of 0.8%. The index did manage to record a new intra-day recovery high before a final hour sell-off put it in the red. The result was an

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-87714524404470075552009-12-02T21:50:00.002-05:002009-12-02T21:57:19.679-05:00Watching 1087-1084

Subscriptions to our monthly Insights and Short Term Review are available through our website (www.wminsights.com). We hope to have the December monthly complete by the weekend. When finished, it will be made available to subscribers. This blog will remain as is for a few more weeks, but will eventually be moved to the website for subscribers only. At that point, this page will remain, but

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-88677064636671676902009-12-01T21:03:00.003-05:002009-12-01T21:08:21.151-05:00That Didn’t Take Long

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-91841320956748623732009-11-30T22:03:00.003-05:002009-11-30T22:09:40.772-05:00A Short Term Pop

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-61607170957485276502009-11-29T23:52:00.003-05:002009-11-29T23:59:04.574-05:00A pre-Insights Summary

The subscription process for our monthly Insights and Short Term Review is well under way via our website (www.wminsights.com). The response has been gratifying. This blog will remain as is for some weeks, but will eventually be moved to the website. At that point, this page will remain, but the content will be a brief summary of the full website post. If you have any questions please e-mail

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-78022419228494521012009-11-27T08:39:00.002-05:002009-11-27T08:45:58.200-05:00“Really Significant”

We have officially begun the subscription process for our monthly Insights and Short Term Review through our website (www.wminsights.com). The response has been gratifying. This blog will remain as is for a few more weeks, but will eventually be moved to the website for subscribers only. At that point, this page will remain, but the content will be a brief summary of the full website post.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-12652014852479583142009-11-24T20:40:00.003-05:002009-11-24T20:47:02.536-05:00Oil Breaks Down

We have officially begun the subscription process for our monthly Insights and Short Term Review through our website (www.wminsights.com). The initial response was gratifying. This blog will remain as is for a few more weeks, but will eventually be moved to the website for subscribers only. At that point, this page will remain, but the content will be a brief summary of the full website post.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-89127451010435665472009-11-23T23:23:00.003-05:002009-11-23T23:33:03.598-05:00Last Gasp?

We have officially begun the subscription process for our monthly Insights and Short Term Review through our website (www.wminsights.com). Today’s initial response was gratifying. This blog will remain as is for a few more weeks, but will eventually be moved to the website for subscribers only. At that point, this page will remain, but the content will be a brief summary of the full website

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-43705718678261996902009-11-22T19:56:00.002-05:002009-11-22T20:03:14.523-05:00Our Website is Ready

On Friday, our website -- www.wminsights.com -- became interactive. We can now accept subscriptions. Please go to the "subscribe" tab in the upper left corner of the home page. That will bring you to the relevant page within our Members section. From there you can choose to use either a credit card or a check to activate your subscription.Current reports will be available only to subscribers

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-31427675720950110052009-11-19T20:48:00.002-05:002009-11-19T20:51:13.087-05:00Live and in Person

We expect to have an announcement on subscriptions over the weekend. Stay tuned.Meanwhile, check out the smart -- and suave -- guy on Canada's Business News Network!http://watch.bnn.ca/wednesday/#clip236618

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-14289110083358087312009-11-19T08:35:00.003-05:002009-11-19T08:38:24.666-05:00Thin Ice

Our website (www.wminsights.com) has been launched and we hope to be able to officially begin the subscription process this week, but travel commitments may be a hindrance. We will keep you updated. If you are interested in subscribing, please e-mail us at WMGALLC@gmail.com.The S&P fell 0.1% on Wednesday, barely avoiding a second consecutive inside day. Breadth was negative by a 5:3 margin,

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-67563527269999525612009-11-17T20:54:00.002-05:002009-11-17T20:57:19.735-05:00Inside Day Yields No Changes

Our website (www.wminsights.com) has been launched and has had over 1000 hits in its short existence. We hope to be able to officially begin the subscription process this week, but travel commitments may be a hindrance. We will keep you updated. Meanwhile, our latest Short Term Review has been e-mailed to our charter subscribers. If you are interested in the Review AND are interested in

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com4tag:blogger.com,1999:blog-7923965715238949445.post-53950263753670607462009-11-16T21:57:00.003-05:002009-11-16T22:00:49.215-05:00Hindsight is 20/20

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-78256201031391864892009-11-15T22:57:00.002-05:002009-11-15T23:02:47.679-05:00Short Term Review

Our latest Short Term Review has been e-mailed to our charter subscribers.We still expect to be able to officially begin the subscription process on our website within the next several days. We will update you about the subscription process in coming days.If you are interested in the Review AND are interested in subscribing, please e-mail us WMGALLC@gmail.com. Best regards,Walter

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-77840155511260708372009-11-12T23:58:00.004-05:002009-11-13T00:09:07.539-05:00What We (Think We) Know

Though our website (www.wminsights.com) has been launched, it is not quite ready to accept subscriptions so it is not yet interactive. If you haven’t visited yet, we urge you to explore and see what the site (and we) will offer. We also encourage feedback; let us know what you like and don’t like. Before long much (though not all) of the site will be available only to subscribers. If, after

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-5233589017449582322009-11-11T21:36:00.003-05:002009-11-11T21:43:18.214-05:00Wiggle Room … and Unemployment

Our website (www.wminsights.com) has been launched. Despite our best efforts, it is not quite ready to accept subscriptions so it is not yet interactive. It has been visited by hundreds in the past three trading days; if you haven’t done so, we urge you to explore and see what the site (and we) will offer. We also encourage feedback; let us know what you like and don’t like. Before long much

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-76200148309356993542009-11-11T07:29:00.003-05:002009-11-11T07:31:20.467-05:00Divergences to the Left of Us, Divergences to the Right of Us, But …

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-46643591064805648052009-11-09T20:53:00.003-05:002009-11-09T21:04:04.817-05:00Surprise!

Our website (www.wminsights.com) has been launched. It is only a soft launch, but it has been visited by hundreds in the past two trading days. If you haven’t done so, we urge you to explore and see what the site (and we) will offer. We also encourage feedback; let us know what you like and don’t like. Before long, much (though not all) of the site will be available only to subscribers. If,

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-72598822709477636222009-11-05T21:31:00.004-05:002009-11-05T21:37:24.279-05:00Announcement

Announcement: Our website (www.wminsights.com) has been launched. It is a soft launch. In other words it is still a bit of a work in progress, but it is ready to play with. We urge you to explore and see what the site (and we) will offer. We also encourage feedback; let us know what you like and don’t like. Before long much (though not all) of the site will be available only to subscribers.

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-16943178952197220502009-11-04T23:13:00.002-05:002009-11-04T23:18:01.903-05:00Fragile Support

Editor’s Note: We are currently writing November’s monthly Insights. In addition, we are putting the finishing touches on our new website. The site should be functional within a few days and we will finally begin to take subscriptions a few days after that. At this point, we expect to e-mail the Insights report to those who have informed us of their intent to subscribe. In addition, if all

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-92156088451701034212009-11-03T21:28:00.003-05:002009-11-03T21:34:57.564-05:00Lower Lows Still Likely

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-57563265542242872552009-11-03T08:01:00.003-05:002009-11-03T08:08:00.052-05:00More to Come?

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-69909054165120702682009-11-01T20:27:00.002-05:002009-11-01T20:30:28.938-05:00Progress Report

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-57255845974075713992009-10-29T22:00:00.002-04:002009-10-29T22:05:06.669-04:00Waterloo?

Editor’s Note: Our new website is expected to be fully operational by the first week in November. Until then, we will continue to provide detailed posts and will endeavor to include more comments on bonds/yields, the dollar, and commodities. We will also keep you appraised of any developments related to the website and/or to our publication schedule. Once the website is ready, our monthly

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-67216042552291880722009-10-28T20:46:00.002-04:002009-10-28T20:49:49.783-04:00No Respect

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com1tag:blogger.com,1999:blog-7923965715238949445.post-42151210355562282162009-10-28T09:46:00.003-04:002009-10-28T09:50:40.013-04:00Pressures Building

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-11392453497072849602009-10-26T22:57:00.001-04:002009-10-26T23:00:53.742-04:00A Summary

Just Call Me Tommy John. I had an operation to “transpose” a nerve in my pitching arm today and will be a non-dominant, one-handed typist for 1-2 weeks. Blogs will be shorter and monthly Insights may be late, but we’ll keep chugging along.Stocks: Today’s decline was deep enough to reverse the rally from the October low. Given the deteriorating near- and medium-term momentum background, the

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-70670918382266943572009-10-25T21:44:00.003-04:002009-10-25T21:51:21.906-04:00A Short Break in the Action

Editors Note: Our new website is expected to be fully operational by the first week in November. Until then, we will continue to provide detailed posts and will endeavor to include more comments on bonds/yields, the dollar, and commodities. We will also keep you appraised of any developments related to the website an/or to our publication schedule. Once the website is ready, our monthly

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-43569793362870470772009-10-22T22:41:00.002-04:002009-10-22T22:45:00.273-04:00Keeps on Ticking

Editors Note: Our new website is expected to be fully operational by the first week in November. Until then, we will continue to provide detailed posts and will endeavor to include more comments on bonds/yields, the dollar, and commodities. We will also keep you appraised of any developments related to the website and/or to our publication schedule. Once the website is ready, our monthly

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-89792789388258583672009-10-22T09:11:00.002-04:002009-10-22T09:15:45.253-04:00Running Out of Time

Editors Note: Our new website is expected to be fully operational by the first week in November. Until then, we will continue to provide detailed posts and will endeavor to include more comments on bonds/yields, the dollar, and commodities. We will also keep you appraised of any developments related to the website and/or to our publication schedule. Once the website is ready, our monthly

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-48633349874177527852009-10-20T21:45:00.003-04:002009-10-20T21:52:19.950-04:00Skating on Thin Ice

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-66724412906591593622009-10-19T20:32:00.002-04:002009-10-19T20:40:45.891-04:00When is a Fifth Wave not a Fifth Wave?

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-79206973248735898522009-10-18T21:52:00.003-04:002009-10-18T22:17:12.650-04:00Short Term Review

It would seem that inter-index relationships, cycles, momentum, sentiment, and the Wave count all suggest that the S&P 500 is approaching an intermediate top. In turn, this implies that the S&P 500 is on the verge of its largest correction since at least the May-June 2009 pullback and perhaps since the January-March 2009 decline.The chart and comment above are from the first page of our new

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-84432153302275290002009-10-15T21:12:00.002-04:002009-10-15T21:17:07.787-04:00An Important Juncture

On Thursday, the S&P 500 closed at the day’s high for a gain of 0.4%. Breadth was positive by 7:6, and 17 of the 24 S&P industry groups were higher. Conversely, the up/down ratio was negative by an 8:7 margin; total volume was modestly better than the prior day’s total.By our reckoning, the S&P is at an interesting juncture. In yesterday’s post we noted that the rally from the October low only

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-61218153542288278182009-10-14T20:55:00.003-04:002009-10-14T21:00:19.268-04:00Stocks, Bonds, and Oil: What a Wednesday

On Wednesday, the S&P 500 gained 1.8%, which was its best performance of the month to date. Advancing issues outpaced decliners by better than 6:1 and the up/down volume ratio was positive by a 15:2 margin. Total volume increased by more than 20% for the second consecutive day and edged just above its 21-dma.Our media friends were all agog at the fact that the DJIA cracked 10,000. From our

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-43871980635717681602009-10-13T20:29:00.002-04:002009-10-13T20:33:56.745-04:00Last Gasp Pending

On Tuesday, the S&P 500 fell 0.3%, which broke a six-day winning streak (the longest in over five years). Breadth was negative by a 7:4 margin, while the up/down volume ratio was negative by 4:3. Total volume increased by 20% over Monday’s semi-holiday level, but remained below its 21-dma.In recent posts, we have made the case that, while there are a number of negative indicators of time,

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-81953362774462586602009-10-13T07:40:00.002-04:002009-10-13T07:45:49.289-04:00So Close, But …

… yet so far. On Monday, the S&P 500 rallied 0.4%. This was its sixth consecutive gain, which is the longest such string since June 2007. Breadth was positive by a 4:3 margin, while up volume was better than down volume by better than a 2:1 ratio. Despite the semi-holiday atmosphere, total volume was little changed from Friday’s level.The day’s high for the S&P was 1079.46, which was just shy

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-59804375450854420732009-10-12T07:27:00.002-04:002009-10-12T07:35:24.685-04:00A New STR

Stocks: The next very few weeks could be quite important. The coming week will be the 14th week since the July low, which suggests that we need to be alert to the idea that the 22-week cycle is peaking. In addition to this time element, the weekly Coppock Curve is peaking and is positioned to take on a broad-based bearish bias before the end of the month. Moreover, the sentiment environment

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-32498351089555770062009-10-08T22:10:00.002-04:002009-10-08T22:14:44.605-04:00A Big Step in the Right Direction

On Thursday, the S&P 500 rallied for the fourth day in a row, posting a gain of 0.7%. Breadth was positive by a 7:2 margin, and up volume was better than down volume by a bit less than a 3:1 ratio. The day’s bullish flavor was aided by a 19% increase in total volume.The most important aspect of Thursday’s rally was the fact that the S&P breached 1069.62, which effectively locks in the 9/29-10/2

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-37743230621733764472009-10-08T08:56:00.003-04:002009-10-08T09:00:16.199-04:00More Plusses Than Minuses

On Wednesday, the S&P 500 rallied 0.3%. However, it was an inside day as the day’s high was below Tuesday’s while the day’s low was above Tuesday’s low. Breadth was modestly negative, but the up/down volume ratio was modestly positive.Total volume fell by 16%, but the inside day probably mitigates that otherwise negative statistic. Moreover, On-Balance Volume (OBV) confirmed the September high

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-67592797427917187542009-10-07T07:47:00.003-04:002009-10-07T07:50:46.997-04:001069 or Bust

On Tuesday, the S&P 500 rallied 1.4%. Both breadth and up/down volume ratios were positive by about a 5:1 margin. Perhaps most importantly, volume increased by 15%.While the S&P is still short of last Tuesday’s high (1069.62), the rally of the last two days can be counted as a complete five-wave pattern. Moreover, hourly momentum is at its highest level since the liftoff from the mid-August

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-22433544808997089492009-10-06T08:23:00.002-04:002009-10-06T08:28:33.302-04:00The Road to Perdition …

On Monday, the S&P 500 broke a four-day losing streak with a rally of 1.5%. Both breadth and up/down volume ratios exceeded 7:1. A 21% decline in total volume was a dampening factor.Despite the disappointing volume, the rally has two things going for it. The hourly chart suggests that the pattern has an impulsive look to it and yesterday’s high overlapped the 9/25 low. Thus we know that this

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0tag:blogger.com,1999:blog-7923965715238949445.post-10398749201987992172009-10-04T20:11:00.003-04:002009-10-04T20:23:33.696-04:00Monthly Insights

The virtually unanimous consensus Elliott Wave count is that the decline from the October 2007 high to the March 2009 low was a five-wave pattern. In fact, this count tightens the screw by referring to this pattern as the first wave of a larger five-wave decline. Indeed, under this interpretation it would seem that we are on the verge of a downside acceleration.To make it clear, we disagree

Walter Murphyhttp://www.blogger.com/profile/10707075716428203079noreply@blogger.com0