Intraday & Trading

July 21st, 2017: PRE-MARKET

The Dow will open with a substantial 50+ point gap down.

Again, the tops should be in. And while limited upside is still possible, particularly on the Dow, we shouldn't see too much of it. The market is free to reverse down at any point now. I will add to my short position, 10% equity in DOG, if the Dow hits 21,700. In terms, of today's gap down, we are likely to see closure today. Yet, the top should be in and the market should now be free to accelerate down. Let's see how today plays out.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

July 20th, 2017: PRE-MARKET

The Dow will open flat. The tops should be in. And while limited upside is still possible, particularly on the Dow, we shouldn't see too much of it. The market is free to reverse down at any point now. I will add to my short position, 10% equity in DOG, if the Dow hits 21,700

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

July 19th, 2017: PRE-MARKET

The Dow will open flat. It is highly probable we will see the closure of yesterday's gap lower today. If not, the top might already be in. As per our TIME turning point.

Otherwise, our overall setup remains the same. If the top is not yet in as of last Friday I expect to see it today. We are looking at the Dow/S&P targets of 21,750 and 2,470. I will add to my short position, 10% equity in DOG, as soon as the Dow hits 21,700

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

July 18th, 2017: PRE-MARKET

The Dow will open 30+ plus points lower. It is highly probable we will see the closure of this gap lower as soon as today.

Our overall setup remains the same. If the top is not yet in as of last Friday I expect to see it over the next 2 trading days. Most likely today. We are looking at the Dow/S&P targets of 21,750 and 2,470. I will add to my short position, 10% equity in DOG, as soon as the Dow hits 21,700

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: Fast moving FX markets overnight. We were triggered into a long Euro position at 1.1502. That position is already paying off.

The US Dollar (DXY) is approaching an important short-term support level. We might hit it at the open. It's exact location is around 94.45. I am putting my buy order at 94.50. With a stop loss at 93.50. Trading position at this juncture.

 

Stay tuned.

July 17th, 2017: PRE-MARKET:

The Dow will open flat.

No changes to our weekly update. I expect the Dow to put in an important top over the next 1-3 trading days. Assuming the top was not put in place on Friday. Once the top is in, the market should start a powerful leg down. We are looking at the Dow/S&P targets of 21,750 and 2,470. I will add to my short position, 10% equity in DOG, as soon as the Dow hits 21,700

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

July 14th, 2017: PRE-MARKET

The market will open flat.

No changes to our daily/weekly updates. We are at our TIME turning point and the Dow is looking for a top. While it is possible the top is in, a more perfect hit would be 100 points higher on the Dow. We might see that target hit today. Once the top is in, the market should shift into a powerful long-term bear leg.

Again, our targets are 20,750 (+/- 100 points) on the Dow and 2,470 on the S&P. I will add to my Dow short position at 20,700, at 10% equity, by buying DOG. This will take me to net 120% net short.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 13th, 2017: PRE-MARKET

The Dow will open flat.

No changes to our daily/weekly updates. We are at our TIME turning point and the Dow is looking for a top. While it is possible the top is in, a more perfect hit would be 100 points higher on the Dow. We might see that target hit today. Once the top is in, the market should shift into a powerful long-term bear leg.

Again, our targets are 20,750 (+/- 100 points) on the Dow and 2,470 on the S&P. I will add to my Dow short position at 20,700, at 10% equity, by buying DOG. This will take me to net 120% net short.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 12th, 2017: PRE-MARKET

The Dow will open with a massive 100+ point gap higher. Due to Janet Yellen's "dovish" stance.

I believe this is the final push higher we have been expecting. Today's move higher is net positive for three reasons. First, it projects future direction - to the downside. Second, it allows the market to resolve most divergences. It allows the Dow/S&P to hit its mathematical targets in its exact TIME window. And while we might not see an actual top today, it should arrive over the next few trading days.

Again, our targets are 20,750 (+/- 100 points) on the Dow and 2,470 on the S&P. I will add to my Dow short position at 20,700, at 10% equity, by buying DOG. This will take me to net 120% net short.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 11th, 2017: PRE-MARKET

The Dow will open flat.

No changes to our weekly/daily updates. Short-term, we are likely to see the closure of last week's gap lower. Perhaps as soon as today. Thereafter, the market will have an option of running up to our optimal targets or initiating a sell-off. If we do run higher into 20,750 (+/- 100 points) on the Dow and 2,470 on the S&P it would have to happen this week. Within the confines of our July 7th major TIME turning point.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 10th, 2017: PRE-MARKET

The Dow will open 30 points lower.

No changes to our weekly update. Short-term, we are likely to see the closure of today's gap lower and the one from last week as soon as today. Thereafter, the market will have an option of running up to our optimal targets or initiating a sell-off. If we do run higher into 20,750 (+/- 100 points) on the Dow and 2,470 on the S&P it would have to happen this week. Within the confines of our July 7th major TIME turning point.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 7th, 2017: PRE-MARKET

The Dow will open with a 30+ point gap higher. This might be the beginning of our proposed final push higher. Still, it is possible the top is in.

No changes to our prior updates.

We are likely witnessing the final push higher into our July 7th (+/- 2 trading days) TIME turning point. If so, we expect the Dow to top out around 20,750 (+/- 100 points) while the S&P tops out at around 2,470. A major market turn will take place thereafter. The top on the Nasdaq should already be in. Other indices will see double top formations. I will add to my short position as soon as these targets are hit.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 6th, 2017: PRE-MARKET

The Dow will open with a 50+ point gap down.

We are likely to close this gap over the next few trading days as we make our final push higher. It is possible the top is in, but not very likely.

No changes to our prior updates.

We are likely witnessing the final push higher into our July 7th (+/- 2 trading days) TIME turning point. Now in effect. If so, we expect the Dow to top out around 20,750 (+/- 100 points) while the S&P tops out at around 2,470. A major market turn will take place thereafter. The top on the Nasdaq should already be in. Other indices will see double top formations. I will add to my short position as soon as these targets are hit.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

July 5th, 2017: PRE-MARKET

The Dow will open flat.

No changes to our prior updates.

We are likely witnessing the final push higher into our July 7th (+/- 2 trading days) TIME turning point. Now in effect. If so, we expect the Dow to top out around 20,750 (+/- 100 points) while the S&P tops out at around 2,470. A major market turn will take place thereafter. The top on the Nasdaq should already be in. Other indices will see double top formations. I will add to my short position as soon as these targets are hit.

BONDS: No changes.

COMMODITIES: I will not be buying Gold here. At least not yet. Further analysis suggests lower prices over the next few days/weeks. Gold took out important support levels and there  is no TIMING points here. Meaning, our original weekly targets remain.

Stay tuned.

July 3rd, 2017: PRE-MARKET

The Dow will open with a substantial 60+ points gap higher.

This works well with our overall weekly forecast.

We are likely witnessing the final push higher into our July 7th (+/- 2 trading days) TIME turning point. Now just 1-2 trading days away. If so, we expect the Dow to top out around 20,750 (+/- 100 points) while the S&P tops out at around 2,470. A major market turn will take place thereafter. The top on the Nasdaq should already be in. Other indices will see double top formations. I will add to my short position next week or as soon as these targets are hit.

BONDS: No changes.

COMMODITIES: We have an interesting situation developing in Gold. We might be hitting an important support level at around $1220-1225. This support level might actually hold and mark the end of this sell-off in gold. I am considering taking a long position with a tight stop loss soon. More about it our daily update.

Stay tuned.

June 30th, 2017: PRE-MARKET

The Dow will open 40+ points higher.

No changes to our daily update. We are likely to witness the final push higher into our July 7th (+/- 2 trading days) TIME turning point. Now just 2 trading days away. If so, we expect the Dow to top out around 20,750 (+/- 100 points) while the S&P tops out at around 2,470. A major market turn will take place thereafter. The top on the Nasdaq should already be in. Other indices will see double top formations. I will add to my short position next week or as soon as these targets are hit.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.

June 29th, 2017: PRE - MARKET

The Dow will open slightly higher.

It is highly probable we are witnessing the final push higher into our July 7th (+/- 2 trading days) TIME turning point. Now just 3 trading days away. If so, we expect the Dow to top out around 20,750 (+/- 100 points) while the S&P tops out at around 2,470. A major market turn will take place thereafter. The top on the Nasdaq should already be in. Other indices will see double top formations. I will add to my short position next week or as soon as these targets are hit.

BONDS: No changes.

COMMODITIES: No changes.

Stay tuned.