Intraday & Trading

February 16th, 2018: PRE-MARKET

The Dow will open 50+ points lower.

No changes to our long-term forecast. Short-term, we are waiting for completion of this bounce and that can happen as soon as today.

Currency Update: I just took profit and sold our entire Euro position at $1.2459. I will now attempt to TIME the bottom in the US Dollar. Once again, major support arrives at around $87.80 (+/- 20 cents). I expect a bottom there and a powerful rally/bounce thereafter. I am placing my long buy order at $88 with a stop loss at $87. I will not be shorting Euro.

February 15th, 2018: PRE-MARKET

The Dow Futures are about 200 points higher.

I don't think there is any doubt now that we are witnessing our first bounce higher. Today's opening, in addition to Monday's opening, confirm future direction - to the downside. The real question is when and where exactly this bounce will top out. Unfortunately, it is a very hard question to answer as the market still setting its down trending markers. It can be at any time and as soon as today.

BONDS: Our major TIME turning point suggests we will see a reversal (top in yields) over at any moment now.. Perhaps as soon as today.

COMMODITIES: No changes.

CURRENCIES: As outlined in our weekly update last night, we are close to taking a position in the Japanese Yen with  a long entry point at $110.

Stay tuned

February 14th, 2018: PRE-MARKET

The Dow futures had a 300 point swing based on CPI and are now 100+ points lower.

As a result, today's Intraday is nearly identical to yesterday's. It is highly probable that we will see the closure of today's gap lower as soon as today. Thereafter, we are still waiting to see which short-term scenario is playing out. As was outlined in our daily update, we are waiting to see if the market is about to accelerate down in wave #2 down or if we are witnessing our first powerful bounce.

BONDS: Our major TIME turning point suggests we will see a reversal (top in yields) over the next 3 trading days. Perhaps as soon as today.

COMMODITIES: No changes.

CURRENCIES: As outlined in our weekly update last night, we are close to taking a position in the Japanese Yen with  a long entry point at $110.

Stay tuned

February 13th, 2018: PRE-MARKET

The Dow will open 100+ points lower.

It is highly probable that we will see the closure of today's gap lower as soon as today. Thereafter, we are still waiting to see which short-term scenario is playing out. As was outlined in our daily update, we are waiting to see if the market is about to accelerate down in wave #2 down or if we are witnessing our first powerful bounce.

BONDS: Our major TIME turning point suggests we will see a reversal (top in yields) over the next 3 trading days. Perhaps as soon as today.

COMMODITIES: No changes.

CURRENCIES: As outlined in our weekly update last night, we are close to taking a position in the Japanese Yen with  a long entry point at $110.

Stay tuned

February 12th, 2018: PRE-MARKET

The Dow futures are just about 200 points higher.

Longer-term, no changes to our weekly update.

Short-term, we are waiting to see if the market is about to accelerate down in wave #2 down or we are witnessing our first powerful bounce. As explained in our weekly update. In that sense, today's gap higher at the open will have to be closed. Pointing towards a bearish case. At the same time it is not as clear. We have to give the market a few days of trading here before clarification arrives.

BONDS: Our major TIME turning point suggests we will see a reversal (top in yields) over the next 3 trading days. Perhaps as soon as today.

COMMODITIES: No changes.

CURRENCIES: As outlined in our weekly update last night, we are close to taking a position in the Japanese Yen with  a long entry point at $110.

Stay tuned

February 9th, 2018: PRE-MARKET

The market will open 50+ points higher.

No changes to our daily update. Short-term, we are waiting to see if the market getting ready to accelerate down now or if we are looking for the bottom of this first leg down. Next few days will be very telling. We are simply observing and maintaining position at this juncture.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: As outlined in our weekly update last night, we are close to taking a position in the Japanese Yen with  a long entry point at $110.

Stay tuned

February 8th, 2018: PRE-MARKET

Wild swings continue as the Dow is scheduled to open 150 points higher. That is net positive as it indicates future direction (to the downside).

Otherwise, our forecast remains the same. We are likely undergoing the first full bounce. Once this bounce completes the market should turn around and head lower. Eventually breaking below Tuesday's low and heading much lower

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

February 7th, 2018: PRE-MARKET

The Dow will open 50 points lower.

No changes to our daily update. We are letting the market trade for a few more days in order to clarify or confirm which scenario is developing. If we are indeed dealing with a crash scenario described, a fast move down can occur at any time. Let's give the market some time to trade today before determining which scenario is indeed firing off.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

February 6th, 2017: PRE-MARKET

The Dow futures are swinging violently, but the index should open 100+ points lower. At the very least.

I believe the market is now confirming the top we saw on January 26th. Having said that, the market now has multiple unresolved structural problems to the upside. The structure of the decline thus far is reminiscent of a 2000 top on the Nasdaq (rather than 1987 discussed in our weekly update). At this point we just have to let the market trade here, but a crash scenario into May TIME turning point is now highly probable. More about all of the above in our daily update.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

February 2nd, 2017: PRE-MARKET

The Dow will open with yet another large 200+ points gap lower.

That is not necessarily good as the market suggests it will come back to close these gaps in a very near future. Pointing to a double top formation in May. Let's see how the market develops today before discussing that in greater detail in our weekly update.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

February 1st, 2017: PRE-MARKET

The Dow will open with yet another large 120+ points gap lower.

That is not necessarily good as the market suggests it will come back to close these gaps in a very near future. Pointing to a double top formation in May. Let's see how the market develops today before discussing that in greater detail in our daily update.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 31st, 2018: PRE-MARKET

The Dow will open with a massive 200+ gap up.

The question is, will the indices have enough strength today/tomorrow to close yesterday's gap or will we get another bearish confirmation when today's bounce fails. We might get an answer today. No other changes.  Again, the two scenarios outlined in our daily update are still in play. Maintaining position and waiting for clarification.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 30th, 2018: PRE-MARKET

The Dow will open with a massive 200+ point gap down.

I typically don't like such big gap downs as the market suggests it will come to close them, but let's see how the market develops today. We are getting some indications that the top might be in, but it is too early to confirm anything. Again, the two scenarios outlined in our daily update are still in play. Maintaining position and waiting for clarification.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 29th, 2018: PRE-MARKET

The Dow will open 50+ points lower.

We are still looking for the top. A move down here of 200+ points would be our first indication that the top might be in. At the same time, we are likely to see today's gap closure before a structural move lower begins. If we do push higher, completion point discussed in our weekly update comes into view. Waiting for clarification.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 26th, 2018: PRE-MARKET

The Dow will open 50+ points higher.

We are still looking for the top. A move down here of 200+ points would be our first indication that the top might be in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 25th, 2018: PRE-MARKET

The Dow will open 100+ points higher.

Today's gap higher is yet another data point that the top is near. Will we see it today and subsequent failure - just as we did yesterday? Let's see. A move down here of 200+ points would be our first indication that the top might be in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 24th, 2018: PRE-MARKET

The Dow will open 100 points higher.

We should see the top at the open. I expect failure today and subsequent move down.

A move down here of 200+ points would be our first indication that the top might be in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 23rd, 2018: PRE-MARKET

The Dow will open flat.

No changes to our daily update. We are waiting to see if the top on the Dow is in or if we will see one more push higher to slightly higher highs over the next 2 trading days. A move down here of 200+ points would be our first indication that the top might be in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 22nd, 2018: PRE-MARKET

The Dow will open 40+ points lower.

No changes to our weekly update. We are waiting to see if the top on the Dow is in or if we will see one more push higher to slightly higher highs over the next 3 trading days. Some sort of a government shutdown resolution can result in that final rally. If not, the market is free to accelerate down now.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 19th, 2018: PRE-MARKET

The Dow will open with a 30+ point gap down.

No changes to our daily update. We are waiting to see if the top is in or if the market wants to make another slightly higher high. A breakdown of 200+ points on the Dow would suggest the top is in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 18th, 2018: PRE-MARKET

The Dow will open flat.

No changes to our daily update.We are waiting for the top. At this point the top can form at any point over the next 3 trading days and at any price (not much higher). A breakdown of 200+ points on the Dow would suggest the top is in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 17th, 2017: PRE-MARKET

The Dow will open with a 100+ point gap up.

That is net positive considering our overall forecast. If the market fails again today, as today's gap higher indicates, it would be yet another mark against the market. Suggesting that we did indeed see the top yesterday. For now we wait for a confirmation. No other chances to our daily update.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 16th, 2017: PRE-MARKET

The Dow will open with a massive 200+ point gap higher.

Considering our TIME turning point, we might be witnessing a blow off top as soon as today. I expect this gap to fail very soon, as early as today. When it does, it would be our first indication that the top is in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 12th, 2017: PRE-MARKET

The Dow will open 60+ points higher.

No changes to our daily forecast. There is a very high probability that we will see the top at today's opening. If the rally fails and the market accelerates down, the top should be in. At the very least, today's gap higher will be closed.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 10th, 2017: PRE-MARKET

January 11th, 2017: PRE-MARKET

The Dow will open 30 points higher.

No changes to our daily forecast. We are waiting for the Nasdaq/S&P/VIX to close their respective gaps lower. Thereafter, we will be looking for a confirmation that the top is in.  Again, a break below 25,000 would suggest the top is in. For now we wait.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 10th, 2017: PRE-MARKET

The Dow will open 80+ points lower.

I would typically suggest that the market will come back to close this gap as soon as today, but that might not be the case here. If the top was indeed put in yesterday, the market is now free to fall. Let's see how we trade today before making that determination. Again, a break below 25,000 would suggest the top is in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 9th, 2018: PRE-MARKET

The Dow will open with yet another 50+ points gap higher.

I expect a top today at near open levels. We should see today's gap closure and rally failure as soon as today. As was discussed in our daily update all price targets have been satisfied and the market is sitting at an important TIME turning point.

A break of 200+ points on the Dow at this juncture would suggest that the top is in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 8th, 2018: PRE-MARKET

The Dow will open flat.

We should expect a bit higher prices today, but not by much. As per our weekly update, we should see a major top and termination of a bull market here associated with January 8th (+/- 1 trading day) TIME turning point. All mathematical targets have now been achieved. A break of 200+ points on the Dow at this juncture would suggest that the top is in.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 5th, 2018: PRE-MARKET

The bad news is, the Dow will open with yet another 80+ points gap higher.

The good news, we will open near an ultimate point of force target of 25,200. This should mark the completion of this bull market. We do have a powerful TIME turning point of January 8th (+/- 1 trading day) associated with this top arriving as soon as today.

In other words, it is highly probable the Dow will trade at these elevated levels for a few days or into January 8th. However, if failure and gap closure begins today, the top might be in as of today. Stay tuned.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 4th, 2018: PRE-MARKET

The Dow will open 100+ points higher.

Another day another gap higher. As per our daily update, the market is now hitting within our point of force. Our January 8th TIME turning point arrives as soon as tomorrow. I believe we will see a top here. Today's gap higher has a very good chance of failure, as soon as today.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 3rd, 2018: PRE-MARKET

The Dow will open 50+ points higher.

No changes to our daily/weekly updates. We are waiting for the NDX to close its remaining gap lower, most likely at the open. At that stage the market will be free to fall. Assuming the Dow doesn't want to complete its upside target by next week. Something I will discuss in our daily update. For now we wait.

INDIVIDUAL STOCKS: No changes.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

January 2nd, 2018: PRE-MARKET

The Dow will open 100+ points higher. That is expected (due to capital inflows) and net positive. In terms of today's gap higher being yet another indicator of future direction - to the downside.

Otherwise, we pick up our analysis exactly where we left off. We are waiting for the Nasdaq to close its down gap from last week. As soon as that happens all markets should reverse lower. No other changes to our weekly update. For now we wait.

INDIVIDUAL STOCKS: No changes.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

December 29th, 2017: PRE-MARKET

The Dow will open 70+ points higher.

Another gap higher another indication of future direction. Again, all of this has to do with the Nasdaq and its gap down on Tuesday. As soon as the gap is closed, the market should reverse lower.

Longer-term,  the market came very close to its mathematical top. However, we currently do not have any TIMING triggers to support this top. That means a likely sell-off over the next few weeks followed by a bounce into May. For now we wait.

INDIVIDUAL STOCKS: No changes.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.

December 28th, 2017: PRE-MARKET

The Dow will open 30+ points higher.

No changes to our daily update. Short-term, we are likely to experience upward pressure until NDX can close its gap down from Tuesday. Longer-term,  the market came very close to its mathematical top. However, we currently do not have any TIMING triggers to support this top. That means a likely sell-off over the next few weeks followed by a bounce into May. For now we wait.

INDIVIDUAL STOCKS: No changes.

BONDS: No changes.

COMMODITIES: No changes.

CURRENCIES: No changes.

Stay tuned.