Daily Stock Market Update & Forecast – June 21st, 2017

State of the Market Address:

  • The Dow is remains above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 30.05.  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
  • Weekly RSI at 73.04 - overbought. Daily RSI is at 64 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,650 today (on weekly).
  • Weekly Stochastics at 95 - overbought. Daily at 86.05-overbought.
  • 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 slightly during the week. For now, the Dow is 3.5X, the S&P is at 2X, Russell 2000 is at 3X and the Nasdaq is at 4X 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.


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 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 – May 23rd, 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 – May 22nd, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.30 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 65.88 - neutral. Daily RSI is at 53.12 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,500 today (on weekly).
  • Weekly Stochastics at 66.25 - neutral. Daily at 47.45 - neutral
  • NYSE McClellan Oscillator is at -5. Neutral.
  • Despite this week's jump higher VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly higher this week Now at 94K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest further increased as compared to last week. For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 2.5X and the Nasdaq is at 4X 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.


Weekly Stock Market Update & Forecast – May 19th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.26 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 64.40 - neutral. Daily RSI is at 48.90 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,500 today (on weekly).
  • Weekly stochastics at 77.95 - neutral. Daily at 24.82 - approaching oversold.
  • NYSE McClellan Oscillator is at -32.28. Neutral.
  • Despite this week's jump higher VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly higher this week Now at 94K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest further increased as compared to last week. For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 2.5X and the Nasdaq is at 4X 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. 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 – May 12th, 2017

State of the Market Address:

  • The Dow remains just below 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.38 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 67.17 - remains at overbought levels. Daily RSI is at 54.25 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,500 today (on weekly).
  • Weekly stochastics at 83.00 - overbought. Daily at 56.57- neutral.
  • NYSE McClellan Oscillator is at -16. Neutral.
  • VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly higher this week Now at 84K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest further increased as compared to last week. For instance, the Dow is 4X, the S&P is at 2X, Russell 2000 is at 3X 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. 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 – May 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.


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

State of the Market Address:

  • The Dow remains just above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.48 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 68.56 - remains at overbought levels. Daily RSI is at 57.86 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,500 today (on weekly).
  • Weekly stochastics at 84.31 - overbought. Daily at 84.87- overbought.
  • NYSE McClellan Oscillator is at -16. Neutral.
  • VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly higher this week Now at 72K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest further increased as compared to last week. For instance, the Dow is 5.25X, the S&P is at 2.5X, Russell 2000 is at 3X 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.


 

Weekly Stock Market Update & Forecast – May 5th, 2017

State of the Market Address:

  • The Dow closed just above 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.48 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 70.56 - remains at overbought levels. Daily RSI is at 63.00 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,500 today (on weekly).
  • Weekly stochastics at 77.05 Neutral. Daily at 85.71 - overbought.
  • NYSE McClellan Oscillator is at -22. Neutral.
  • VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly higher this week Now at 72K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest further increased as compared to last week. For instance, the Dow is 5.25X, the S&P is at 2.5X, Russell 2000 is at 3X 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. 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 – May 3rd, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller's Adjusted S&P P/E ratio is now at 29.34 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 69.93 - remains at overbought levels. Daily RSI is at 60.97 - neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,500 today (on weekly).
  • Weekly stochastics at 75.65 Neutral. Daily at 81.13 - overbought.
  • NYSE McClellan Oscillator is at +7. Neutral.
  • VIX/VXX remain near their historic lows. Commercial VIX long interest was slightly lower this week Now at 68K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  In fact, short interest further increased as compared to last week. For instance, the Dow is 5.5X, the S&P is at 2.75X, Russell 2000 is at 3X and the Nasdaq is at 7X 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.