Daily Stock Market Update & Forecast – September 20th, 2017

- State of the Market Address:

  • The Dow finds itself back above 22,000.
  • Shiller's Adjusted S&P P/E ratio is now at 30.65 Now at arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
  • Weekly RSI at 72.28  - overbought. Daily RSI is at 72.37 - overbought.
  • Prior years corrections terminated at around 200 day moving average. Located at around 18,000 today (on weekly).
  • Weekly Stochastics at 88 - overbought. Daily at 98 - extremely overbought.
  • NYSE McClellan Oscillator is at +32. Neutral.
  • Volatility measures VIX/VXX remains at suppressed levels Commercial VIX long interest remained the same at 75K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning back to net neutral. Short interest has shifted slightly lower during the week. For now, the Dow is 7X, the S&P is at 3X, Russell 2000 is 3X net long and the Nasdaq are net neutral. That is a substantial short position against the market.

In summary: For the time being and long-term, the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead.  Plus, the "smart money" is positioning for some sort of a sell-off.

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 


ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.


What Have They Done? Now Even The Wall Street Bankers Are Getting Nervous

The idiots at the FED will surely deny this, but everyone knows, they have blown bubbles of historic proportions in almost all asset classes.

By Phoenix Capital 

The market bubble has become so massive that even Wall Street is nervous.

To be clear, investment banks do best when stocks are in a bull market. And they love bubbles because it means more M&A, IPOs, dead offerings, stock issuance and other deals from which they derive their revenues.

So for Wall Street CEOs to openly start warning that the market is in a bubble… they have to be really REALLY nervous about what they’re seeing... and know that a stock market crash is coming

On that note this week, not one but TWO major bank CEOs warned about the markets.

First was Deutsche Bank CEO John Cryan with the following nugget:

“We are now seeing signs of bubbles in more and more parts of the capital market where we wouldn’t have expected them," Cryan said, adding that the interest-rate policy has been partly responsible for the decline in earnings at European banks. “I welcome the recent announcement by the Federal Reserve and now also from the ECB that they intend to gradually bring their loose monetary policy to an end.”

Source: Bloomberg.

This, in of itself, is extraordinary. But then we have Lloyd Blankfein, CEO of Goldman Sachs stating the following during the same week:

“When yields on corporate bonds are lower than dividends on stocks, that unnerves me," the Goldman Sachs chief executive said during an interview Wednesday that was broadcast at a European banking conference in Germany and on the internet.

Source: CNBC

So we have not one, but TWO Wall Street CEOs warning that the market is in a bubble. And we all know how those end: in a stock market crash./ This is truly staggering. And it indicates that those at the top of the financial system are actively preparing for what's coming.

A Crash is coming…

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 

Daily Stock Market Update & Forecast – September 5th, 2017 – Elliott Wave Edition

ELLIOTT WAVE UPDATE:

Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.

Let’s take a look at the most likely recent count on the S&P.

Explanation:

Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here

Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 


ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.


Weekly Stock Market Update & Forecast – August 25th, 2017

- State of the Market Address:

  • The Dow finds itself back below 22,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.90 Slightly off highs, but still.....arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
  • Weekly RSI at 67.17  - neutral. Daily RSI is at 50.60 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,950 today (on weekly).
  • Weekly Stochastics at 73.84 - overbought. Daily at 35.02 - neutral.
  • NYSE McClellan Oscillator is at -9. Neutral to slightly oversold..
  • Volatility measures VIX/VXX have spiked higher off of recent their historic lows during the week. Commercial VIX long interest was lower. Now at 70K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning back to net neutral. Short interest has shifted slightly lower during the week. For now, the Dow is 7X, the S&P is at 3X, Russell 2000 and the Nasdaq are net neutral. That is a substantial short position against the market.

In summary: For the time being and long-term, the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead.  Plus, the "smart money" is positioning for some sort of a sell-off.

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 


ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.


ELLIOTT WAVE UPDATE:

Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.

Let’s take a look at the most likely recent count on the S&P.

Explanation:

Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here

Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here. 


ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.


God Bless The United States Of America?

Did you watch President's Trump Afghanistan speech on Monday?

I did. Well, if you consider cursing at your TV watching, but I regress. By this point Mr. Trump has broken just about every promise he made during his campaign and his supporters are paying attention. My views on the subject matter are very well represented by the following articles.

And today we get this........

Now, it is the last line of President Trump's speech that really got me laughing.

"GOD Bless The United States of America"

Excuse my ignorance, but what kind of a GOD would bless anything coming out of Washington over the last 15-20 years. Genocide, homicide, illegal wars for profit, money printing and economic warfare, destabilization of at least a half a dozen countries, destruction of an entire region, mass exodus of refugees and deaths of at least a MILLION men, women and children who's misfortunes can be directly tied to Washington's criminality.

What kind of a fucked up GOD would bless anything like that???

There was a quote carved into the wall of a Polish concentration camp. It reads.....

I really love American and the principals it was build on. Yet, it hurts me to see what it has become. Make no mistake, no GOD will bless anything remotely similar to death and destruction the United States brings to other parts of the world in the name of profit and power.

The deterioration of our civil fabric and the country as a whole we see on TV on the daily basis is the direct result of just that. We cannot behave like crazed up killers and expect a different outcome. Unfortunately, our judgement day is still ahead.

I don't know,  it probably would have been more appropriate for Mr. Trump to end his speech with....

"Be not deceived; God is not mocked: for whatever a man sows,
that shall he also reap"