Daily Stock Market Update & Forecast – December 7th, 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 itDa

Daily Stock Market Update & Forecast – December 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 itDa

Teenagers Reeking Of Drugs Deposit Wads of £50 Notes In Bitcoin Cashpoints

If you have been following bitcoin drama will you find this story fascinating.......

Teenagers reeking of drugs deposit wads of £50 notes in Bitcoin cashpoints: Shopkeepers reveal how network of 98 ATMs across the country are being used after police's money laundering warning

 

  • Shopkeepers described to the Mail how teenagers deposit wads of £50 notes

  • Up to four in five of those using the ATMs are suspected drug dealers, one said

  • Criminals can launder money – and bypass bank checks – by putting high-denomination notes into the machines to convert them into Bitcoin

The extent to which Britain’s fast-growing network of Bitcoin cash machines is being exploited by drug gangs can be revealed today. Shopkeepers have described to the Mail how teenagers ‘reeking of drugs’ deposit wads of £50 notes into their digital currency terminals. Up to four in five of those using the new ATMs are suspected drug dealers, one said.

Criminals can launder money – and bypass bank checks – by putting high-denomination notes into the machines to convert them into Bitcoin. It can then be transferred across borders and withdrawn in any currency, and is hard to trace.

And there you have it ladies and gentlemen. While you are slaving away for a few shekels, drug dealers are getting rich off of Bitcoin appreciation. It is just a matter of time now before drug dealers, strippers, terrorist and thugs start teaching the rest of us about "how to get rich" from Bitcoin.

In all seriousness, considering the above it is just a matter of time before governments come down hard on Bitcoin. After all, they control the monopoly on illicit drugs, arms and money. And they don't like sharing.

Weekly Stock Market Update & Forecast – December 2nd, 2017

- State of the Market Address:

  • The Dow is now above 24,000
  • Shiller's Adjusted S&P P/E ratio is now at 31.98 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 83 - overbought. Daily RSI is at 78 - overbought.
  • Prior years corrections terminated at around 200 day moving average. Located at around 18,500 today (on weekly).
  • Weekly Stochastics at 94 - overbought. Daily at 95 - overbought.
  • NYSE McClellan Oscillator is at +18. Neutral.
  • Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest declined  to 60K contracts net long. 
  • Last week's CTO Reports suggest that commercials (smart money) are shifting their positioning away from net short. Short interest has shifted slightly lower during the week. For now, the Dow is 6X, the S&P is at 2.5X net short, Russell 2000 is now at 6X net short and the Nasdaq is net neutral.

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 itDa