High Yield Junk (HYG) continues its wedge compression. Which way will it break, when and how to take advantage of it? To find out, please Click Here

Daily Stock Market Update & Forecast – October 10th, 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.

October 10, 2017

Investment Wisdom Of The Day

October 9, 2017

Daily Stock Market Update & Forecast – October 9th, 2017

– State of the Market Address:

The Dow finds itself well above 22,000.
Shiller’s Adjusted S&P P/E ratio is now at 30.96 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 76 – overbought. Daily RSI is at 79 overbought.
Prior years corrections terminated at around 200 day moving average. Located at around 18,100 today (on weekly).
Weekly Stochastics at 98.6- overbought. Daily at 98 – severely overbought.
NYSE McClellan Oscillator is at +3. Neutral.
Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest increased to 105K contracts net long.
Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning back to net short. Short interest has shifted slightly higher during the week. For now, the Dow is 11X, the S&P is at 3X net short, Russell 2000 is back to 5X 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.ELLIOTT WAVE UPDATE:

October 9, 2017October 9, 2017

Is It Too Late To Prevent WW3 & Why Turning On Trump Is The Only Answer

More and more Trump supporters are turning on the guy. I have to admit, I am one of them and for a good reason. Without going into detail, President Trump has flipped on nearly every single one of his campaign promises.

And I am sorry to say to the remaining Trump supporters, the guy is not playing some sort of a 4-dimensional chess that most of us don’t understand. He is an idiot who has destabilized the world.

It would be reasonable to dismiss most of Trump’s shenanigans if he didn’t flip from “Make America Great Again” by ending conflicts around the world to all of a sudden being the number one warmonger and arms dealer.

This was outlined here IDIOT Trump Believes A Nuclear War In Which Millions Will Die, Perhaps Even Millions Of Americans, Is The Only Solution To A Non-Existent Issue

It is nice to see that Senior Republicans are finally standing up to this buffoon of a man. Let’s just pray that it is not too late…….

Senior Republican says Trump is steering US towards World War III

US President Donald Trump is leading the US towards a third World War, and his governing style is fit more for a reality show than for the White House, Senator Bob Corker (R) said, further fueling the bitter public row between the former allies.

Corker, chairman of the Senate Foreign Relations Committee, expressed serious doubts about Trump’s ability to lead the country in the right direction in an interview with the New York Times on Sunday.

“He concerns me. He would have to concern anyone who cares about our nation,” Corker said of Trump.

He went on to blame Trump, his fellow party member, for treating the job of running the country like a never-ending reality show, saying that by continually threatening other countries Trump is setting the US “on the path to World War III.”

Corker’s latest remark comes as the two are engaged in a fiery debate, having traded barbs since Sunday morning.

Trump launched a scathing attack on Corker seemingly out of the blue. Trump called out Corker for a lack of leadership skills, and impeding his administration’s policy with his tweets.

“Senator Bob Corker ‘begged’ me to endorse him for re-election in Tennessee. I said ‘NO’ and he dropped out (said he could not win without my endorsement. He also wanted to be Secretary of State, I said ‘NO THANKS,’” Trump said in a series of Tweets, labeling Corker a “negative voice” that “stands in the way” of his administration’s agenda.

He also blamed Corker for being the architect of what he called “the horrendous Iran Deal.”

The Senator, for his part, offered his own version of events, claiming that Trump himself asked him to run for Governor again, vowing support to his candidacy.

“I don’t know why the president tweets out things that are not true,” he riposted.