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Weekly Stock Market Update & Forecast – January 5th, 2018

– State of the Market Address:

  • The Dow is now above 25,000
  • Shiller’s Adjusted S&P P/E ratio is now at 33.27 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 88 – overbought. Daily RSI is at 81 – overbought.
  • Prior years corrections terminated at around 200 day moving average. Located at around 18,700 today (on weekly).
  • Weekly Stochastics at 97 – overbought. Daily at 97 – overbought.
  • NYSE McClellan Oscillator is at +26. Neutral.
  • Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest decreased to 50K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) have maintained their positioning.  For now, the Dow is 8X, the S&P is at 4X net short, Russell 2000 is now at 4X 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:

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. 

Will The FED Accelerate Rate Hikes Into The Yield Curve Inversion And Subsequent Recession?

The FED is terrified. 

Considering recent stock market performance it is now becoming apparent what they have done. With global debt now at $233 Trillion and with the stock market in a runaway bubble, it is only a matter of time before everything blows sky high.

Consider the following……

The Fed says it could speed up rate hikes because of Trump’s tax cuts

  • The Federal Reserve debated the impact of tax reform on the economy and on how it sets interest rates, minutes of the December meeting showed. 
  • Most Fed officials favor gradual rate increases. However, some noted that the economy could be about to get a boost from tax cuts, which would necessitate faster rate hikes.
  • The Fed expects to raise rates three times in 2018. 

I would suggest their desire to increase rates faster has nothing to do with Trump’s tax cut boost and everything to do with the Shiller’s Adjusted S&P P/E Ratio being at a record high of 33. That’s 3-5 full points higher than both 1929 and 2007 record readings.

Will the FED be able to successfully slow down this runaway train without triggering some sort of a recession?

Sure, just as they did at 2000 and 2007 peaks. 

If you would like to find out when the upcoming collapse starts, please Click Here

Daily Stock Market Update & Forecast – January 4th, 2018 – 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. 

Is Gold Getting Ready To FLY – Trade Of The Day

We have been discussing the chart above for quite sometime now. Most importantly, over the last few years I have outlined a massive long-term compressing wedge developing in Gold. Well, in August of last year gold prices bounced out of this structure. And that’s where it gets interesting. In December of 2017 Gold prices tested prior wedge resistance (now support), staging a powerful bounce from around $1,235.

Such patterns typically point to a powerful move ahead. So, will Gold fly higher or collapse??? To find out please Click Here

Daily Stock Market Update & Forecast – January 3rd, 2018

– State of the Market Address:

  • The Dow is fast approaching 25,000
  • Shiller’s Adjusted S&P P/E ratio is now at 32.691 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 87 – overbought. Daily RSI is at 73.50 – overbought.
  • Prior years corrections terminated at around 200 day moving average. Located at around 18,500 today (on weekly).
  • Weekly Stochastics at 96 – overbought. Daily at 85 – overbought.
  • NYSE McClellan Oscillator is at +1. Neutral.
  • Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest increased to 75K contracts net long. 
  • Last week’s CTO Reports suggest that commercials (smart money) have maintained their positioning.  For now, the Dow is 5.5X, the S&P is at 2.5X net short, Russell 2000 is now at 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.

VIX Is Getting Ready To Blow – Trade Of The Day

I find the chart above to be the most fascinating of them all. Massive long-term VIX compression we have discussed here over the last few months is coming to an end. And with VIX having nowhere to go but up, what the future holds might be unprecedented.

If you would like to find out which way this powerful compression will break and most importantly WHEN, please Click Here.