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Category: Stock Market

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

– State of the Market Address:

  • The Dow remains well above 24,000
  • Shiller’s Adjusted S&P P/E ratio is now at 32.31 Now at arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
  • Weekly RSI at 85 – overbought. Daily RSI is at 79 – overbought.
  • Prior years corrections terminated at around 200 day moving average. Located at around 18,500 today (on weekly).
  • Weekly Stochastics at 95 – overbought. Daily at 91 – overbought.
  • NYSE McClellan Oscillator is at -1. Neutral.
  • Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest declined  to 60K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) have maintained their positioning.  For now, the Dow is 6X, the S&P is at 2.5X net short, Russell 2000 is now at 6X net short and the Nasdaq is net neutral.

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.

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Daily Stock Market Update & Forecast – December 12th, 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. 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. 

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Bitcoin Is Like A Penny Stock Currently Being Pumped – Soon To Be Dumped

Seasoned investors and traders know a good pump and dump when they see it. Well, guess what, Bitcoin fits the bill of a worthless penny stock being run up right before the collapse.

And yes, I am aware of all the ‘fundamental’ reasons for Bitcoin’s rise. I have read them all. Everything from the USD losing 99% of its value against Bitcoin in a hyper-inflationary crash, to this being the future world currency. Yes, yes, just as Pets.com was going to dominate all of commerce.

If you are not familiar, here is how a good penny stock pump and dump works.

Step #1: Identify a worthless target selling for a few pennies: Bitcoin

Step #2: Take a sizable position.I present to you……

Step #3: Pump it up in any way you can. The more coverage the underlying asset gets the better. Message boards, email lists, newspapers, TV, etc….. Make up crazy, but reasonable stories. Better yet, create positive feeder loops. The higher the price goes to more legitimate everything sounds. I wonder how many of the “whales” above are working together.

Step #4: If done properly or with any luck, watch the price of your underlying asset skyrocket. 

Step #5: Dump your stake on unsuspecting FOOLS

Step #6: Watch the underlying asset collapse back to its original price or worse.

Now, I will let you decide where Bitcoin is today, but it should’t take a genius to figure it out. As the saying goes…..

If you have been in a poker game for a while, and you still don’t know who the patsy is, you’re the patsy.

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

Posted on

Daily Stock Market Update & Forecast – December 6th, 2017

– State of the Market Address:

  • The Dow is now above 24,000
  • Shiller’s Adjusted S&P P/E ratio is now at 31.98 Now at arguably the highest level in history (if we adjust for 2000 distortions) and still above 1929 top of 29.55.
  • Weekly RSI at 81 – overbought. Daily RSI is at 70 – overbought.
  • Prior years corrections terminated at around 200 day moving average. Located at around 18,500 today (on weekly).
  • Weekly Stochastics at 93 – overbought. Daily at 73 – overbought.
  • NYSE McClellan Oscillator is at -4. Neutral.
  • Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest declined  to 60K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning away from net short. Short interest has shifted slightly lower during the week. For now, the Dow is 6X, the S&P is at 2.5X net short, Russell 2000 is now at 6X net short and the Nasdaq is net neutral.

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.