Daily Stock Market Update & Forecast – July 13th, 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.


Daily Stock Market Update & Forecast – July 10th, 2017


State of the Market Address:

  • The Dow remains well above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.68.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 71.89 - overbought. Daily RSI is at 55.43 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,700 today (on weekly).
  • Weekly Stochastics at 86.13 - overbought. Daily at 50.29-neutral.
  • NYSE McClellan Oscillator is at -12. Neutral.
  • Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest remains the same. Now at 70K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 6X, the S&P is at 3X, Russell 2000 is at 2X and the Nasdaq is at 3X short. 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.


Daily Stock Market Update & Forecast – July 3rd, 2017

State of the Market Address:

  • The Dow remains well above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.66.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 73.08 - overbought. Daily RSI is at 60.78 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,700 today (on weekly).
  • Weekly Stochastics at 88.25 - overbought. Daily at 50-neutral.
  • NYSE McClellan Oscillator is at 0. Neutral.
  • Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest has declined. Now at 70K contracts net long Vs 90K contracts last week. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 6X, the S&P is at 3X, Russell 2000 is at 2X and the Nasdaq is at 6X short. 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.


Weekly Stock Market Update & Forecast – June 30th, 2017

State of the Market Address:

  • The Dow remains well above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.66.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 71.12 - overbought. Daily RSI is at 63.54 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,700 today (on weekly).
  • Weekly Stochastics at 90.3 - overbought. Daily at 68.11-neutral.
  • 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 has declined. Now at 70K contracts net long Vs 90K contracts last week. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 6X, the S&P is at 3X, Russell 2000 is at 2X and the Nasdaq is at 6X short. 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.

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 – June 28th, 2017

State of the Market Address:

  • The Dow remains well above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.87.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 73.68 - overbought. Daily RSI is at 62.85 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,700 today (on weekly).
  • Weekly Stochastics at 93.3 - overbought. Daily at 64.11-neutral.
  • NYSE McClellan Oscillator is at +14. Neutral.
  • Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest was identical to last 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 significantly during the week. For now, the Dow is 5X, the S&P is at 3X, Russell 2000 is at 3X and the Nasdaq is at 17X short (vs just 4X short last week). That is a massive 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.


Daily Stock Market Update & Forecast – June 26th, 2017

State of the Market Address:

  • The Dow remains above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.87.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 72.84 - overbought. Daily RSI is at 63.54 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,650 today (on weekly).
  • Weekly Stochastics at 94.5 - overbought. Daily at 68.11-neutral.
  • NYSE McClellan Oscillator is at -2. Neutral.
  • Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest was identical to last 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 significantly during the week. For now, the Dow is 5X, the S&P is at 3X, Russell 2000 is at 3X and the Nasdaq is at 17X short (vs just 4X short last week). That is a massive 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.


Weekly Stock Market Update & Forecast – June 23rd, 2017

State of the Market Address:

  • The Dow is remains above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.87.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 72.84 - overbought. Daily RSI is at 62.77 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,650 today (on weekly).
  • Weekly Stochastics at 94.5 - overbought. Daily at 68.15-neutral.
  • NYSE McClellan Oscillator is at -20. Neutral.
  • Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest was identical to last 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 significantly during the week. For now, the Dow is 5X, the S&P is at 3X, Russell 2000 is at 3X and the Nasdaq is at 17X short (vs just 4X short last week). That is a massive 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 – June 22nd, 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.


Daily Stock Market Update & Forecast – June 14th, 2017

State of the Market Address:

  • The Dow remains above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.86.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 72.57 - neutral. Daily RSI is at 68.82 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,650 today (on weekly).
  • Weekly Stochastics at 97.49 - overbought. Daily at 92.67-overbought.
  • NYSE McClellan Oscillator is at +23. 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.

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.