What are the most pressing economic concerns of the day? I was asked for my opinion on this recently by SDR Future, which bills itself as “the first full SDR service for retail investors”. Here are the three questions they asked, along with my answers:
What are you currently noticing in the markets based on your experience and analysis?
Because my instincts have occasionally failed me at important turning points, I have come to rely increasingly on a proprietary forecasting system that I call the Hidden Pivot Method. It provides no basis at this time for asserting that a Mother of All Tops is imminent. However, my instincts are screaming otherwise, and so I split the difference, shorting every promising intermediate-term rally target that I am
able to identify. Right now, that means shorting the E-Mini S&Ps near 2138.50, a Hidden Pivot resistance of major degree that coincides with another of somewhat lesser degree at 2138.00. Together they imply [click to continue…]