Parallax Financial Research

We are holding a weekend training event in Sun Valley, Idaho, April 11-12. Contact me if you would like more information.

The old Nov 7th weekly QQQ ExtremeHurst Top Extension signal is due to expire on May 12th. Our enhanced scanning, charting (new), and Excel add-in tools will all be available, initially for Bloomberg users, when our new app store opens in April on pfr.com

@davidasinclair Your work is a game changer David. Keep it up.

For 25 years, my team has been told we were wrong, by scientists, big pharma, the media, ethicists, and trolls. It hasn’t been easy Looking back, it was 100% worth it Here’s why you should believe in yourself… 🧵

We have silver top extension signals on daily, weekly, and monthly scales. The monthly signal expires in mid-2027. Expect a retracement period to commence very soon....if it hasn't already. Happy New Year.

Here is an update on the Bitcoin signal

Bitcoin has a daily bottom extension with a significant rank of 95. The signal expires on Dec 8th.

The QQQ and IWL ETFs have weekly scale ExtremeHurst Top Extension signals here. Extensions mark the abrupt end of trends and are followed by flat or retracing prices. Signal duration scales to the elapsed signal build time. In this case they expire next April.

The Nikkei 225 has a weekly scale top here. Expect a retracement period to last through Feb. All our tools including ExtremeHurst are available by subscription on either Bloomberg or TradeStation. pfr.com

Gold and Silver also had weekly tops and they have been retracing as expected

Amazing to see that gold has a semi-annual scale (6 mo. bars) top and silver just got a quarterly scale top. These are both extremely rare signals that will be active for years.

luckily the compeessions led to a 2wk trend upward

SPY had an ExtremeHurst weekly top Extension on Oct 2nd that forecasts a retracement period lasting thru Feb. Couple that with todays daily Compression that predicts a new 2 week trend, and you have a high potential for that new trend to be down.

Parallax built a stock valuation algo in 1990 using traditional AI . Since then we've tracked the total market cap of the top 1000 US stocks using our model versus the actual cap. The degree of over valuation has now reached 1999 levels. (available in the Bloomberg app store)

GOOG has a weekly scale top that will be active through mid-December.

There are a number of technology ETFs showing daily scale tops tonight. Expect a retracement period into the first or second week of Oct. Our tools are available by subscription on Bloomberg or TradeStation.

Further checking showed top indications are far worse than first thought. I just discovered the IYF, IYG, Russell 1k and 3k are also top extended through the 3rd week in July. Expect a rough patch near term. Subscribe to our tools from the Bloomberg app store (APPS)

We noted a daily scale ExtremeHurst Top Extension in the IVV iShares Core S&P 500 ETF. Expect a retracement period lasting through July 21st.

Here is a chart update on the 7th trading day from our top signals. So far this is only a mild retracement.

The Nasdaq, SOXX, S&P500 growth IVW, XLK, MTUM, MGK and many others just threw daily top signals. Expect a flat to down period lasting thru May. Our tools are available to license. See pfr.com

@RandyPaul51 a period of time where price is expected to not continue up.

@ParallaxFR What’s a “Flat to down period”??