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Daily Stock Market Update & Forecast – August 23rd, 2017

– State of the Market Address:

  • The Dow finds itself back below 22,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 29.60 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 67.15  – neutral.Daily RSI is at 50.60 – neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,950 today (on weekly).
  • Weekly Stochastics at 73.88 – overbought. Daily at 35.40 – neutral.
  • NYSE McClellan Oscillator is at -15. 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. 


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


God Bless The United States Of America?

Did you watch President’s Trump Afghanistan speech on Monday?

I did. Well, if you consider cursing at your TV watching, but I regress. By this point Mr. Trump has broken just about every promise he made during his campaign and his supporters are paying attention. My views on the subject matter are very well represented by the following articles.

And today we get this……..

Now, it is the last line of President Trump’s speech that really got me laughing.

“GOD Bless The United States of America”

Excuse my ignorance, but what kind of a GOD would bless anything coming out of Washington over the last 15-20 years. Genocide, homicide, illegal wars for profit, money printing and economic warfare, destabilization of at least a half a dozen countries, destruction of an entire region, mass exodus of refugees and deaths of at least a MILLION men, women and children who’s misfortunes can be directly tied to Washington’s criminality.

What kind of a fucked up GOD would bless anything like that???

There was a quote carved into the wall of a Polish concentration camp. It reads…..

I really love American and the principals it was build on. Yet, it hurts me to see what it has become. Make no mistake, no GOD will bless anything remotely similar to death and destruction the United States brings to other parts of the world in the name of profit and power.

The deterioration of our civil fabric and the country as a whole we see on TV on the daily basis is the direct result of just that. We cannot behave like crazed up killers and expect a different outcome. Unfortunately, our judgement day is still ahead.

I don’t know,  it probably would have been more appropriate for Mr. Trump to end his speech with….

“Be not deceived; God is not mocked: for whatever a man sows,
that shall he also reap” 

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

– 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. 


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


The Most Important Question Most Americans Must Answer

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. 

Weekly Stock Market Update & Forecast – August 18th, 2017

– 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. 


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 it.


Daily Stock Market Update & Forecast – August 16th, 2017

– 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. 


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


 

Can President Trump Win Anything Ever Again – Highly Improbable

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.

Daily Stock Market Update & Forecast – August 14th, 2017

– 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. 


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 – August 12th, 2017

– 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.


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.