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Daily Stock Market Update & Forecast – March 22nd, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 28.97 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 69.49. At severely overbought levels. Daily RSI is at 46.35 – more or less neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,300 today (on weekly).
  • Weekly stochastics at 78.49. Overbought level associated with prior market peaks. Daily at 17.93 – oversold.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 104K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 5X, the S&P is at 2X, Russell 2000 is at 2X and the Nasdaq is at 1X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. 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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Daily Stock Market Update & Forecast – March 21st, 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.

Short-Term: It appears the S&P might have completed its intermediary wave 3. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in 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.

Posted on

Daily Stock Market Update & Forecast – March 20th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 29.30 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 77.11. At severely overbought levels. Daily RSI is at 63.08 – more or less neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,300 today (on weekly).
  • Weekly stochastics at 84. Overbought level associated with prior market peaks. Daily at 36.14- neutral.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 104K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 5X, the S&P is at 2X, Russell 2000 is at 2X and the Nasdaq is at 1X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. 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.

Posted on

Weekly Stock Market Update & Forecast – March 17th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 29.30 Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 77.41. At severely overbought levels. Daily RSI is at 63.84 – more or less neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,250 today (on weekly).
  • Weekly stochastics at 87.26. Overbought level associated with prior market peaks. Daily at 41.75- neutral.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 104K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 5X, the S&P is at 2X, Russell 2000 is at 2X and the Nasdaq is at 1X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. Plus, the “smart money” is positioning for some sort of a sell-off.

 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. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in 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.

Posted on

Daily Stock Market Update & Forecast – March 16th, 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.

Short-Term: It appears the S&P might have completed its intermediary wave 3. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in 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.

Posted on

Daily Stock Market Update & Forecast – March 15th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 29.40. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
  • Weekly RSI at 77.74. At severely overbought levels. Daily RSI is at 66.80 – more or less neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,250 today (on weekly).
  • Weekly stochastics at 88.05. Overbought level associated with prior market peaks. Daily at 37.70 – neutral.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 110K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4.5X, the S&P is at 3X, Russell 2000 is at 3X and the Nasdaq is at 1X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. 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.

Posted on

Daily Stock Market Update & Forecast – March 14th, 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.

Short-Term: It appears the S&P might have completed its intermediary wave 3. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in 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.

Posted on

Daily Stock Market Update & Forecast – March 13th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 29.24. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.36.
  • Weekly RSI at 76.61. At severely overbought levels. Daily RSI is at 65.37 – more or less neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,250 today (on weekly).
  • Weekly stochastics at 86.91. Overbought level associated with prior market peaks. Daily at 46.06 – neutral.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 110K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4.5X, the S&P is at 3X, Russell 2000 is at 3X and the Nasdaq is at 1X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. 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.

Posted on

Weekly Stock Market Update & Forecast – March 10th, 2017

State of the Market Address:

  • The Dow remains below 21,000.
  • Shiller’s Adjusted S&P P/E ratio is now at 29.23. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.36.
  • Weekly RSI at 77.30. At severely overbought levels. Daily RSI is at 67.13- more or less neutral.
  • Prior years corrections terminated at around 200 day moving average. Located at around 17,250 today (on weekly).
  • Weekly stochastics at 92.62. Extremely overbought level associated with prior market peaks. Daily at 49.8 – neutral.
  • VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 110K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning to net short.  For instance, the Dow is 4.5X, the S&P is at 3X, Russell 2000 is at 3X and the Nasdaq is at 1X short. That is a significant short position against the market.

In summary: For the time being the market remains in a clear bull trend. Yet, a number of longer-term indicators suggest the market might experience a substantial correction ahead. The market remains at extreme valuation levels and severely overbought on both daily and weekly charts. Plus, the “smart money” is positioning for some sort of a sell-off.

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. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in 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.

Posted on

Daily Stock Market Update & Forecast, March 9th, 2017 – Elliott Wave Edition

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. If so, the market is now correcting in an intermediary wave 4. Once wave 4 is completed, the market will  push higher, perhaps to a new all time high in 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.