– State of the Market Address:

• The Dow finds itself back below 22,000.
• Shiller’s Adjusted S&P P/E ratio is now at 30.31 Slightly 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 69.76  – neutral. Daily RSI is at 59.37 – neutral.
• Prior years corrections terminated at around 200 day moving average. Located at around 17,950 today (on weekly).
• Weekly Stochastics at 75.29 – overbought. Daily at 70.54 – neutral.
• NYSE McClellan Oscillator is at +46. Neutral to slightly overbought.
• Volatility measures VIX/VXX have spiked higher off of recent their historic lows during the week. Commercial VIX long interest remained the same. Now at 70K contracts net long. 
• Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning back to net neutral. Short interest has shifted slightly lower during the week. For now, the Dow is 7X, the S&P is at 3X, Russell 2000 and the Nasdaq are net neutral. 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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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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Earlier in the week we started to build a position in the stock above. According to our mathematical and timing work the stock has bottomed at support just a few days ago. If so, the rally from today’s lows should be significant. At least 2-3X return on capital with minimal risk. Just two years ago this stock was selling at $10 a share and we could very well see it back at those levels over the next 12-24 months.

If you would like to know more about this stock, please Click Here. 

Bear with me for a second as we go back 20 years to much simpler times.

Yes, the beautiful 1997. Bill Clinton was getting BJs in the oval office, you were probably buying Pets.com and there was no immediate threat of a nuclear war.

Now, imagine for a second that I told you that 20 years later, in 2017, Americans would be literally killing each other over Civil War monuments and a movie.”Gone With the Wind”. Polarizing the society to such an extent that quite a few prominent people are seriously bringing up the possibility of a new American Civil War.

One thing is certain, if I shared the above with anyone, I would have been laughed out of the building. Yet, that is the reality we live in today.

What has happened? 

The MSM in America has manufactured ‘fake’ discontent and violence against all Americans. Here is another perfect example….

Mainstream Media Manufactures ‘Scandal’ Over Nonexistent Trump Moscow Hotel

A new Washington Post story has revealed US President Donald Trump’s efforts to build a hotel in Moscow in 2015, as the Post continues its campaign to prove a connection between Trump and the Russian leadership.

The conclusion is rather sobering. Most MSM shills should be treated as treasonous enemy combatants who have killed the very fabric of Americana.  This classification will become very significant as things unfold over the next 10-15 years.

The New York Post asks an important question

Can the feds, Wall Street prevent another market plunge?

Based on those two facts, I’ve always been very suspicious that Washington, with the help of friends on Wall Street, has been protecting the market. That seemed to be proven during the Great Recession, when US Treasury Secretary Hank Paulson had numerous calls with Goldman Sachs right in the middle of the crisis and right before markets started turning better.

So, can these same people turn on Trump and let the markets plunge?

Sure, except that most of the players you refer to also have their personal fortunes tied up in the stock market.

The is no easy way to answer the question above. One thing is certain, President Trump has set himself up for a fall should the stock market collapse. We discussed it previously……. This Idiocracy Will Hunt President Trump For The Rest Of His Life

Here is my personal view. 

First, most (95% or above) of the market participants believe the FED will indeed backstop any large scale correction. Not only that, most investors believe that the FED/Government is in complete control of the market. That is a fallacy. Whether or not there is a play against Trump is irrelevant.

What is relevant is that the market will overwhelm the FED at exactly the wrong time. By the time most investors realize the FED is powerless, due to their inability to cut interest rates, it will be too late to sell. Act accordingly.

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

Here is an interesting fact. Did you know that despite its most recent bounce, commercial interests (smart money) maintain a massive short position against the currency. At 21X NET short. So, what will the Australian Dollar do next? We have an answer. Please Click Here to find out.

There was only one reason that millions of Americans and I have voted for Mr. Trump. It was not about the wall, immigration, tax cuts, crooked Hillary, etc…. Mr. Trump was elected to stop perpetual wars so we can all concentrate on America first.

The exact opposite has happened.

Washington mulls supplying Ukraine with lethal weapons – US defense secretary

Mattis also pledged to support Ukraine over Crimea, which reunited with Russia after a referendum in 2014. Ukraine, backed by Western governments, rejected the results of the referendum, and sanctions were imposed on Russia when the region seceded from Ukraine.

“The United States stands with Ukraine in all things,” Mattis said over the Crimean issue.

“We do not and we will not accept Russia’s seizure of the Crimea and despite Russia’s denials, we know they are seeking to redraw international borders by force, undermining the sovereign and free nations of Europe,” he told reporters.

And there you have it. If you are still supporting President Trump under some sort of a presumption that he is playing 4-D Chess, you need to wake up and smell the manure.

Whatever we voted for no longer exists and it took less than eight months. It appears the swamp has drained the Trump and not the other way around.

A frustrating development if we consider our overall forecast. Once again,all pieces are slowly moving into place. Are you prepared?  Nuclear World War 3 Is Coming Soon.When, How & Why (Full Report)

 

On August 16th SILVER hit an important TIME juncture in our work. Will we see a short-term top here or acceleration to the upside? To learn more about exactly what that means and what silver is expected to do in the future, 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 29.60 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. 

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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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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.

• Transformation of Trump is Complete: Hello President Hillary
• Ron Paul Rages Against Trump’s ‘Backstabbing Perpetual War’ – An Expensive Recipe For Disaster

And today we get this……..

• Military-Industrial Complex Stock Prices Surge After Trump’s Afghan War Speech

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”