Category: Invest with Alex

State of the Market Address:

• The Dow retraced back below 21,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.11. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.36.
• Weekly RSI at 75.90. At severely overbought levels. Daily RSI is at 65.23 – 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 91.83. Extremely overbought level associated with prior market peaks. Daily at 62.48 – approaching 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 4X, the S&P is at 2X, Russell 2000 is at 3X and the Nasdaq is at 2X 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.

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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.

State of the Market Address:

• The Dow retraced back below 21,000.
• Shiller’s Adjusted S&P P/E ratio is now at 29.27. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.36.
• Weekly RSI at 78.88. At severely overbought levels. Daily RSI is at 72.64 – at severely overbought levels as well.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,200 today (on weekly).
• Weekly stochastics at 93.48 (it only goes to 100). Extremely overbought level associated with prior market peaks. Daily at 78.82 – heading towards 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 4X, the S&P is at 2X, Russell 2000 is at 3X and the Nasdaq is at 2X 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.

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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.

State of the Market Address:

• The Dow, and other indices, continue their record breaking surge higher.
• Shiller’s Adjusted S&P P/E ratio is now at 29.52. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
• Weekly RSI at 81.30. At severely overbought levels. Daily RSI is at 85.49 – at severely overbought levels as well.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,200 today (on weekly).
• Weekly stochastics at 98.54 (it only goes to 100). Extremely overbought level associated with prior market peaks. Daily at 96.29 – at severly overbought levels as well.
• VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 100K 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 2X, Russell 2000 is at 4X and the Nasdaq is at 2X 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.

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 is still in process of completing intermediary wave 3. As soon as it does, the market should correct in an intermediary wave 4. Then push higher, perhaps to a new all time high in wave 5 of (5). If true, this 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.

State of the Market Address:

• The Dow, and other indices, continue their record breaking surge higher.
• Shiller’s Adjusted S&P P/E ratio is now at 29.37. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
• Weekly RSI at 79.21. At severely overbought levels. Daily RSI is at 82.13 – at severely overbought levels as well.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,200 today (on weekly).
• Weekly stochastics at 99.13 (it only goes to 100). Extremely overbought level associated with prior market peaks. Daily at 97.54 – at severly overbought levels as well.
• VIX/VXX either at or approaching their historic lows. Commercial VIX long interest is slightly lower, but still near record levels. Now at 100K 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 2X, Russell 2000 is at 4X and the Nasdaq is at 2X 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.

State of the Market Address:

• The Dow, and other indices, continue to surge higher.
• Shiller’s Adjusted S&P P/E ratio is now at 29.31. Arguably the second highest level in history (if we adjust for 2000 distortions) and right behind 1929 top at 29.55.
• Weekly RSI at 79. At severely overbought levels. Daily RSI is at 81.55 – at severely overbought levels as well.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,200 today (on weekly).
• Weekly stochastics at 98.78. Extremely overbought level associated with prior market peaks. Daily at 98.11 – at severly overbought levels as well.
• VIX/VXX either at or approaching their historic lows. Commercial VIX long interest approaching record highs. Now at 120K 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 4X, the S&P is at 2X, Russell 2000 is at 4X and the Nasdaq is at 2.5X 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.