– State of the Market Address:

• The Dow remains well above 23,000.
• Shiller’s Adjusted S&P P/E ratio is now at 31.60 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 82 – overbought. Daily RSI is at 77 – overbought.
• Prior years corrections terminated at around 200 day moving average. Located at around 18,300 today (on weekly).
• Weekly Stochastics at 99 – severely overbought. Daily at 96 – overbought.
• NYSE McClellan Oscillator is at -14.Neutral.
• Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest decreased slightly to 83K 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 7X, the S&P is at 3X net short, Russell 2000 is now at 7.5X 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.

You have inflated the largest financial bubble in human history and you’ve gotten away with it, clean and clear.  Are you going to Disneyland?

First, a rather brief history lesson…….

• Paul  (The Iron Will) Volcker: Took office in August of 1979. Last down leg of a 1966-1982 bear market started in April of 1981. Baptized by fire 1.5 years into his tenure.
• Alan (The Master Printer) Greenspan: Took office in August of 1987. Baptized by fire just two months later, when the crash of 1987 took place.
• Ben (The Savior) Bernanke: Took office in February of 2006. The 2007-2009 bear leg started in October of 2007. Baptized by fire 1.75 years into his tenure.
• Janet (Everything is Peachy) Yellen: Took office in February of 2014 to continue on with Greenspan’s and Bernanke’s insane monetary policies. No major market issues. The joke is on the next guy…..right?

White House has informed Powell he will be next Fed chief

Again, it is truly remarkable what Janet Yellen has been able to accomplish over the last four years. She was able to infuse Trillions of Dollars into the US Economy through zero interest rate policy and QE. Further, she has been able to restore investor confidence in the stock market and most other asset classes. As is evident from the Shiller’s S&P P/E ratio sitting at an all time high of 31.50.

And that might be Ms. Yellen’s biggest accomplishment. Keeping it all together and at incredible valuation levels.

Will the next guy be as lucky? 

We have our doubts……

Well, in terms of the stock market, the situation is incredibly complex. If you would like to find out what happens next, based on our mathematical and timing work, please Click Here.

– State of the Market Address:

• The Dow remains above 23,000.
• Shiller’s Adjusted S&P P/E ratio is now at 31.50 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 82 – overbought. Daily RSI is at 74 – overbought.
• Prior years corrections terminated at around 200 day moving average. Located at around 18,200 today (on weekly).
• Weekly Stochastics at 98 – severely overbought. Daily at 84 – overbought.
• NYSE McClellan Oscillator is at -20.Neutral.
• Volatility measures VIX/VXX remains at suppressed levels. Commercial VIX long interest decreased slightly to 85K 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 7X, the S&P is at 3X net short, Russell 2000 is now at 9X 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.