Category: Stock Market

Take it from the man who knows him the best……

– State of the Market Address:

• The Dow is back below 25,000
• Shiller’s Adjusted S&P P/E ratio is now at 33.51 Slightly off highs, but still arguably at the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
• Weekly RSI at 54 – neutral. Daily RSI is at 45 – neutral.
• Prior years corrections terminated at around 200 day moving average. Located at around 19,000 today (on weekly).
• Weekly Stochastics at 46  – neutral. Daily at 48 – neutral.  .
• NYSE McClellan Oscillator is at +32 Neutral.
• Commercial VIX interest is now 30K contracts net short.
• Last week’s CTO Reports suggest that commercials (smart money) have, more or less, shifted into a bullish positioning.  For now, the Dow is 2X net short, the S&P is at 3X net short, Russell 2000 is net neutral and the Nasdaq is now 2X net long.

In summary: For the time being and long-term, the market remains in a clear long-term 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. 

The chart above puts most recent sell-off into context.

Particularly noticeable is the lack of any panic as is represented by the put/call ratio.

This can be interpreted in one of two ways.

Either this was, as bulls claim, the “buying opportunity of a lifetime”. Or, the stock market must fall to much lower levels before the gauge spikes to levels typically associated with a stock market bottom.

If you would like to find out which case is about to play out, based on our timing and mathematical work, please Click Here. 

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 Wilshire 5000. Charts courtesy Daneric’s Elliott Waves

Explanation:

Long-Term: It appears the Wilshire 5000 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 Wilshire 5000 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. 

Yet another once great nation is being flushed down the toilet.

Yes, I am talking about the U.K. How stupid do these politicians think we are.

Will Britain launch CYBER ATTACK on Moscow? Theresa May gives Putin until midnight to explain how a ‘brazen’ attack occurred on British soil using Russian-made nerve agent… or face consequences

• Britain could launch cyber attack, expel diplomats and impose a travel ban
• PM delivered crucial statement to the House of Commons on Russia spy row
• She said it was ‘highly likely’ the Russian state was involved in ‘despicable’ act 
• PM said she has heard damning evidence nerve agent came from Russian lab 
• Scientist reveals horrific torturous effect of Novichok nerve agents on victims 

Fair enough Theresa May.

However, I would suggest the following. Before you drag the rest of the civilized world into a thermonuclear war with Russia, a war that will send the U.K. into the next dimension in under 2 minutes, you might want to share your so called “highly likely damning evidence”

It wasn’t that long ago that Saddam Hussein had weapons of mass destruction, the Twin Towers collapsed under their own weight, Assad was behind ISIS and the Earth was flat.

Show us the evidence Ms. May. 

We are all big boys and girls here. Pointing the finger at Putin and hysterically screaming “he did it” is not good enough in today’s society. Although, I have to admit, that typically works for the dumbed-down masses on both sides of the pond.

I will go out on a limb here and bet my left kidney that we will never see any evidence in this case. Just as we haven’t seen any evidence of the Trump/Russia collusion or anything else for that matter.

Smoke and mirrors. So much so that we might as well assume the Pope did it.

– State of the Market Address:

• The Dow is back above 25,000
• Shiller’s Adjusted S&P P/E ratio is now at 33.71 Slightly off highs, but still arguably at the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
• Weekly RSI at 50 – neutral. Daily RSI is at 52 – neutral.
• Prior years corrections terminated at around 200 day moving average. Located at around 19,000 today (on weekly).
• Weekly Stochastics at 50  – neutral. Daily at 58 – neutral.  .
• NYSE McClellan Oscillator is at +50 Neutral.
• Commercial VIX interest is now 30K contracts net short.
• Last week’s CTO Reports suggest that commercials (smart money) have, more or less, shifted into a bullish positioning.  For now, the Dow is 2X net short, the S&P is at 3X net short, Russell 2000 is net neutral and the Nasdaq is now 2X net long.

In summary: For the time being and long-term, the market remains in a clear long-term 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. 

We couldn’t agree more…..