– State of the Market Address:

• The Dow finds itself back below 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.66 Off highs, but still…..arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
• Weekly RSI at 65.43  – neutral.Daily RSI is at 45.17 – neutral.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,950 today (on weekly).
• Weekly Stochastics at 71.08 – overbought. Daily at 8.03 – oversold.
• NYSE McClellan Oscillator is at -42. Neutral to slightly oversold..
• Volatility measures VIX/VXX have spiked higher off of their historic lows during the week. Commercial VIX long interest was lower. Now at 80K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has shifted slightly during the week. For now, the Dow is 7X, the S&P is at 3X, Russell 2000 is net neutral and the Nasdaq is at 1.5X short. That is a substantial 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. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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I have to admit, I am rather dumbfounded and confused by what is going on in today’s America.

After all, the media keeps telling us that America is the shining light on the top of the hill and best hope for humanity and freedom.

Plus, America and Americans should be at the top of the economic food chain as some of the wealthiest people on Earth.

Yet, the population is polarized to such an extent that Pat Buchanan had to ask if we are approaching the point of no return.

Patrick J. Buchanan: Is second civil war coming?

For God’s sake, people are literally killing each other over something that has happened 150 years ago and that has absolutely nothing to do with today’s society/environment. If this is NOT sheer insanity on a massive scale I don’t know what is.

Here is the most important question most thinking Americans must ask today…..

WHY? 

Are we being manipulated into augmented reality by bloodthirsty media, has the FED distorted all mean of economic fairness, does “karma” associated with idiotic overseas wars is finally catching up to us all, etc…..?

Think about it and we will try answer this very complex question tomorrow. 

– State of the Market Address:

• The Dow finds itself back below 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.66 Off highs, but still…..arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
• Weekly RSI at 64.94  – neutral.Daily RSI is at 43.63 – neutral.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,950 today (on weekly).
• Weekly Stochastics at 83.08 – overbought. Daily at 23.25 – oversold.
• NYSE McClellan Oscillator is at -49. Neutral to slightly oversold..
• Volatility measures VIX/VXX have spiked higher off of their historic lows during the week. Commercial VIX long interest was lower. Now at 80K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has shifted slightly during the week. For now, the Dow is 7X, the S&P is at 3X, Russell 2000 is net neutral and the Nasdaq is at 1.5X short. That is a substantial 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. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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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. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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– State of the Market Address:

• The Dow finds itself back above 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.89 Off highs, but still…..arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
• Weekly RSI at 73.06  – overbought. Daily RSI is at 67.32 – slightly overbought.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,900 today (on weekly).
• Weekly Stochastics at 90.26 – overbought. Daily at 57.54 – neutral.
• NYSE McClellan Oscillator is at -31. Neutral.
• Volatility measures VIX/VXX have spiked higher off of their historic lows during the week. Commercial VIX long interest remains the same. Now at 100K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 5X, the S&P is at 2.5X, Russell 2000 is net neutral and the Nasdaq is at 2X short. That is a substantial 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. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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As you watch the video above a dark contrast emerges. (Watch and decide).

President Trump spoke for 10 minutes about the US infrastructure and his plans to streamline or speed up the approval process. I think any reasonable person would agree, more or less, with everything he had to say.

When the floor was opened for questions, the media proceeded to spend the next 10 minutes turning Mr. Trump into a some sort of a Neo-Nazi slave owner. As crazy as that might sound.

For our purposes, an important question emerges.

Considering today’s environment, will President Trump be able to get his tax cuts and budget plans through, and if not, what does that mean for the stock market?

Well, just look at the fallout already.

Republicans turn on Trump as the White House insists he is a ‘voice for unity’ who is ‘entirely correct’ to blame both sides for violence at neo-Nazi rally and defend ‘fine people’ among white supremacists

• ‘There’s blame on both sides,’ President Trump said Tuesday of a deadly Nazi rally in Virginia
• Some Republican lawmakers quickly shoved back at Trump, criticizing him for saying left-wing counter-protesters shared the blame
• ‘White supremacy groups will see being assigned only 50% of blame as a win. We can not allow this old evil to be resurrected,’ Sen. Marco Rubio wrote
• Florida Republican Rep. Ileana Ros-Lehtinen: ‘Back to relativism when dealing with KKK, Nazi sympathizers, white supremacists? Just no’
• Texas Republican Rep. Will Hurd told CNN that he had a head-hanging single word of advice for Trump: ‘Apologize’
• Despite the backlash, the White House is standing by the president, saying he was ‘entirely correct’ to blame ‘both sides,’ according to a talking points memo
• Trump’s words were quickly denounced by Democrats as an attempt to draw moral equivalence between Nazis and liberal activists
• White House Chief of Staff John Kelly was photographed with hunched shoulders, arms crossed, and standing stony-faced during his boss’ bizarre display at Trump Tower

You can just about summarize all of the above with crazy and sad.

In other words and for the reasons discussed here before, there is no snowball’s chance in hell that Mr. Trump gets his agenda through. That means a fiscal bloodbath over the budget over the next few months and no tax cuts. We only imagine what that would mean for the stock market selling at a Shiller’s S&P Adjusted P/E Ratio of 30.

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here.

– State of the Market Address:

• The Dow finds itself back below 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.89 Off highs, but still…..arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
• Weekly RSI at 72.67  – overbought. Daily RSI is at 62.09 – neutral..
• Prior years corrections terminated at around 200 day moving average. Located at around 17,900 today (on weekly).
• Weekly Stochastics at 989.62 – overbought. Daily at 53.41 – neutral.
• NYSE McClellan Oscillator is at -35. Neutral.
• Volatility measures VIX/VXX have spiked higher off of their historic lows during the week. Commercial VIX long interest remains the same. Now at 100K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 5X, the S&P is at 2.5X, Russell 2000 is net neutral and the Nasdaq is at 2X short. That is a substantial 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. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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– State of the Market Address:

• The Dow finds itself back below 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.89 Off highs, but still…..arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
• Weekly RSI at 70.84  – overbought. Daily RSI is at 55.67 – neutral..
• Prior years corrections terminated at around 200 day moving average. Located at around 17,900 today (on weekly).
• Weekly Stochastics at 93.14 – overbought. Daily at 59.61 – neutral.
• NYSE McClellan Oscillator is at -82. Oversold.
• Volatility measures VIX/VXX have spiked higher off of their historic lows during the week. Commercial VIX long interest remains the same. Now at 100K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 5X, the S&P is at 2.5X, Russell 2000 is net neutral and the Nasdaq is at 2X short. That is a substantial 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.

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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.

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– State of the Market Address:

• The Dow has broken above 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 30.30  Arguably the highest level in history (if we adjust for 2000 distortions) and now above 1929 top of 29.55.
• Weekly RSI at 79.66  – overbought. Daily RSI is at 77.68 – overbought.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,850 today (on weekly).
• Weekly Stochastics at 99.66- overbought. Daily at 98.75 -overbought.
• NYSE McClellan Oscillator is at -17. Neutral.
• Volatility measures VIX/VXX are once again sitting at or near their historic lows. Commercial VIX long interest increased somewhat. Now at 100K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short. Short interest has decreased slightly during the week. For now, the Dow is 4X, the S&P is at 2.5X, Russell 2000 is at 1.5X and the Nasdaq is at 2X short. That is a substantial 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. 

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ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.

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When investors look back in history they are often amazed how they couldn’t see the forest through the trees.

Back in 2000 it was the new economy and “this time is different” valuation metrics. The tech stocks and bearish fools on Wall Streets who couldn’t understand the “new” market. In 2007 it was “real estate never goes down” and outright mortgage fraud securitization game.

Well, we might be right at one of those junctures today. With valuation levels at historic highs and hard economic data collapsing, some of the most prominent bulls out there are beginning to suggest that this market will never go down. Consider the following……

Jim Paulsen: “The Bull Market Could Continue Forever”

 “We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve got strong confidence among business and consumers.”

“The kick is we can do all of this without aggravating inflation and interest rates.”

“If that’s going to continue, I think the bull market could continue to forever.”

My question is rather simple…..haven’t we seen this movie before? 

As the saying goes, fool me once, shame on you. Fool me twice, shame on me, fool me three times……..

If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here.