Daily Stock Market Update & Forecast – Feb. 21st, 2017

State of the Market Address:

  • The Dow, and other indices, continue to surge higher.
  • Shiller's Adjusted S&P P/E ratio is now at 29.31. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 78.44. At severely overbought levels. Daily RSI is at 80.16- at severely overbought levels as well.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,200 today (on weekly).
  • Weekly stochastics at 99.05. Extremely overbought level associated with prior market peaks. Daily at 98.207 - at severly overbought levels as well.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 120K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 4X and the Nasdaq is at 2.5X 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.

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 – Feb. 17th, 2017


State of the Market Address:

  • The Dow, and other indices, continue to surge higher.
  • Shiller's Adjusted S&P P/E ratio is now at 29.14. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 77.40. At severely overbought levels. Daily RSI is at 77.49- at severely overbought levels as well.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,100 today (on weekly).
  • Weekly stochastics at 98.5. Extremely overbought level associated with prior market peaks. Daily at 98.25 - at severly overbought levels as well.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 120K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 4X and the Nasdaq is at 2.5X 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 ANALYSIS: 

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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 – Feb. 16th, 2017 – Elliott Wave Edition

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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 – Feb 15th, 2017

State of the Market Address:

  • The Dow, and other indices, continue to surge higher.
  • Shiller's Adjusted S&P P/E ratio is now at 29.11. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 77.29. At severely overbought levels. Daily RSI is at 77.22- at severely overbought levels as well.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,100 today (on weekly).
  • Weekly stochastics at 98.8. Extremely overbought level associated with prior market peaks. Daily at 98.17 - at severly overbought levels as well.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 11X net long.
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 4X and the Nasdaq is at 3X 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 weekly charts. Plus, the "smart money" is positioning for some sort of a sell-off. Short-term, the market is back to being overbought.

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 – Feb. 14th, 2017 – Elliott Wave Edition

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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 – Feb. 13th, 2017

State of the Market Address:

  • The Dow, and other indices, continue to surge higher.
  • Shiller's Adjusted S&P P/E ratio is now at 28.85. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 75.43. At severely overbought levels. Daily RSI is at 72.32 - at overbought levels as well.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,100 today (on weekly).
  • Weekly stochastics at 98.8. Extremely overbought level associated with prior market peaks. Daily at 94.25 - at overbought levels as well.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 11X net long.
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 4X and the Nasdaq is at 3X 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 weekly charts. Plus, the "smart money" is positioning for some sort of a sell-off. Short-term, the market is back to being overbought.

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 – Feb. 10th, 2017

State of the Market Address:

  • The Dow pushed to a fresh all time high of 20,298 Intraday
  • Shiller's Adjusted S&P P/E ratio remains around 28.70. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 73.90. At severely overbought levels. Daily RSI is at 68 - approaching overbought levels.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,100 today (on weekly).
  • Weekly stochastics at 98.31. Extremely overbought level associated with prior market peaks. Daily at 88 - approaching overbought levels..
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 11X net long.
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 4X and the Nasdaq is at 3X 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 weekly charts. Plus, the "smart money" is positioning for some sort of a sell-off. Short-term, the market is back to being overbought.

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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 – Feb 9th, 2017


State of the Market Address:

  • The Dow pushed to a fresh all time high of 20,206 Intraday
  • Shiller's Adjusted S&P P/E ratio remains around 28.5. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 72.83. Approaching severely overbought. Daily RSI is at 64 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,100 today (on weekly).
  • Weekly stochastics at 98. Extremely overbought level associated with prior market peaks. Daily at 85 - approaching overbought levels..
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 9X net long.
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4.5X, the S&P is at 2X and the Nasdaq is at 4X 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 weekly charts. Plus, the "smart money" is positioning for some sort of a sell-off. Short-term, the market is back to being overbought.

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 – Feb. 8th, 2017

State of the Market Address:

  • The Dow continues to trade above 20K.
  • Shiller's Adjusted S&P P/E ratio remains around 28.5. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 71. Approaching severely overbought. Daily RSI is at 60 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,100 today (on weekly).
  • Weekly stochastics remain at 97.16. Extremely overbought level associated with prior market peaks. Daily at 62 - neutral.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 9X net long.
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4.5X, the S&P is at 2X and the Nasdaq is at 4X 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 weekly charts. Plus, the "smart money" is positioning for some sort of a sell-off. Short-term, the market is back to being overbought.

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 – Feb 7th, 2017 – Elliott Wave

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 is in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this count should terminate the bull market.