Trade Of The Day – The Japanese Yen

Find out why you might be wasting your time with the Japanese Yen at the present moment. As the chart above suggests the Japanese Yen has been stuck in a mind numbing trading range for some time now. Find out why that environment is likely to continue, why the support/resistance levels on the chart above are so important and what happens next.

If you would like to learn more, please Click Here. 

Trade Of The Day – OIL (CL)

Most recently OIL (CL) has been fighting with a long-term and very powerful resistance level located at around $50. Compressing wedge above - top line. Is OIL getting ready to breakout about this important level or is it topping here? Perhaps pushing well below 2015 low of $26.05 in the process. Assuming the wedge breaks to the downside.

Well, that is exactly what we discuss HERE. If you would like to find out what OIL will do next based on our mathematical and timing work, please Click Here

Daily Stock Market Update & Forecast – July 20th, 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.

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.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 – June 9th, 2017

State of the Market Address:

  • The Dow is once again above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.79.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 71.19 - neutral. Daily RSI is at 65.95 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,600 today (on weekly).
  • Weekly Stochastics at 94.31 - overbought. Daily at 90.15-overbought.
  • NYSE McClellan Oscillator is at +10. Neutral.
  • Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest was slightly higher this week Now at 90K contracts net long. We should see volatility long interest higher over the next few weeks. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has increased slightly during the week. For now, the Dow is 3.5X, the S&P is at 2X, Russell 2000 is at 2X and the Nasdaq is at 5X short. That is a significant 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.

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.

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.
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.


Daily Stock Market Update & Forecast – May 16th, 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.

Short-Term: It appears the S&P might have completed its intermediary wave 3. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in wave 5 of (5). If true, the above count should terminate the bull market.
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.


Daily Stock Market Update & Forecast, April 11th, 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.

Short-Term: It appears the S&P might have completed its intermediary wave 3. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in wave 5 of (5). If true, the above count should terminate the bull market.
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 – April 7th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 28.93 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 68.39 Remains at overbought levels. Daily RSI is at 47.90 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,350 today (on weekly).
  • Weekly stochastics at 64.43. Approaching neutral levels. Daily at 43 - neutral.
  • NYSE McClellan Oscillator is at +14. Neutral, but has worked off severely oversold conditions. The market might be ready for another leg down.
  • VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly lower this week, but remains at near record levels. Now at 95K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest jumped dramatically as compared to last week. For instance, the Dow is 5.5X, the S&P is at 2X, Russell 2000 is at 2.5X and the Nasdaq is at 7X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. Plus, the "smart money" is positioning for some sort of a sell-off.

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.

Short-Term: It appears the S&P might have completed its intermediary wave 3. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in wave 5 of (5). If true, the above count should terminate the bull market.
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.