Our work suggests that $108 level for Municipal Bonds (MUB) is incredibly important. A break below that level would point towards a powerful move not only in this market, but in other markets as well. To find out more, please Click Here
Daily Stock Market Update & Forecast – September 26th, 2017 – Elliott Wave Edition
ELLIOTT WAVE UPDATE:
Since many people have asked, I will attempt to give you my interpretation of Elliott Wave and how it is playing out in the market. First, I must admit. I don’t claim to be an EW expert, but I hope my “standard” interpretation is of help.
Let’s take a look at the most likely recent count on the S&P.
Explanation:
Long-Term: It appears the S&P is quickly approaching the termination point of its (5) wave up off of 2009 bottom. If true,we should see a massive sell-off later this year. Did it already complete? Click Here
Short-Term: It appears the S&P might have completed its intermediary wave 3 and now 4. It appears the market is now pushing higher to complete wave 5 of (5). If true, the above count should terminate the bull market. Did it already complete? Click Here
If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here.
ATTENTION!!! Please note, we have moved most of our free editorial content to our new website MarketSpartans.com Please Click Here to view it.
At What Point Patriotism Becomes Fascism?
Unfortunately, I don’t have any answers today. Just questions. Just something to think about if you are a concerned American citizen, as I am. Watching the country I love disintegrate in front of my eyes.
When it comes to the NFL stupidity, Idiotic NFL Issue: Created By Criminally Insane Warlords For Dumbed Down Masses & Ignorant Presstitutes, Mr. Trump wants us to believe in a singular message. If you disrespect the National Anthem, you are a piece of s$#* unworthy of your Citizenship.
Fair enough, but let me ask you this……
- Do you think German soldiers were “Patriotic” when they have slaughtered untold millions in the name of the Deutschland? I am sure everyone one of them believed they were doing their patriotic duty.
- Do you think Japanese soldiers were patriotic when they went on a murderous rampage in the South Pacific?
Etc….you get the idea.
Now, let me ask you this, as an American citizen, do you feel “Patriotic” when the US Government destroys the entire Middle East in the name of “Profit”? Directly killing and displacing hundreds of thousands, if not millions, of people.
Do you feel “Patriotic” when they sell billions in weapons to Saudi Scumrabia and they use those weapons to go on a murderous genocide in Yemen?
Do you feel Patriotic?
And finally……who are the real patriots here?
Warmongers in Washington who have killed thousands and are now pushing us towards a Nuclear War with North Korea -OR- ordinary Americans who are sick and tired of this BS.
Again, no answers, just questions. Definitely something to think about today.
Investment Wisdom Of The Day
Daily Stock Market Update & Forecast – September 25th, 2017
– State of the Market Address:
- The Dow finds itself back above 22,000.
- Shiller’s Adjusted S&P P/E ratio is now at 30.65 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 70 – overbought. Daily RSI is at 63.34- neutral.
- Prior years corrections terminated at around 200 day moving average. Located at around 18,000 today (on weekly).
- Weekly Stochastics at 94.52- overbought. Daily at 88 – overbought.
- NYSE McClellan Oscillator is at +24. Neutral.
- Volatility measures VIX/VXX remains at suppressed levels Commercial VIX long interest increased slightly to 80K contracts net long.
- Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning back to net neutral. Short interest has shifted slightly lower during the week. For now, the Dow is 10X, the S&P is at 3.5X net short while Russell 2000 and the Nasdaq are 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.
Idiotic NFL Issue: Created By Criminally Insane Warlords For Dumbed Down Masses & Ignorant Presstitutes
There is no other way to say it. President Trump is a complete f$%*ing moron. And so am I, by the way, for voting for the guy. Apparently the threat of a nuclear war within Asia is not good enough, the orange buffoon now needs to cover his tracks with yet another pointless charade. This time against the men in spandex who run around the field holding a ball. YES, the NFL.
Trump Escalates War With NFL In Early Tweetstorm
Excuse my language, but who give a #$%$.
Here are just 3 issues American Presstitutes should concentrate on today.
Issue #1:
Says Nuke Launch at US “Inevitable”
Who cares? Well, you might if you knew that the US is unable to shoot these ICBMs down.
US Cannot Shoot Down DPRK Missiles: Global Defense Experts
Issue #2:
US-led coalition airstrikes near Raqqa killed 84 civilians, HRW says
Just one of many, but yes, if you pay taxes in the US, you are a war criminal. Just as I am. Think about that one for a second.
Issue #3:
Russia Reveals Footage of US Forces Near Daesh Positions North of Deir-ez-Zor
Imagine that, another conspiracy theory is proven to be true. And what does that make us (American Citizens)?
On second thought, forget about all of the above. Let’s talk about some 300 lbs man with 10 concussions and his knee bending ability. That indeed appears to be much more important. Bread and circuses for the masses.
We do live in strange times. What else is there to say.
Investment Wisdom Of The Day
Weekly Stock Market Update & Forecast – September 22nd, 2017
– State of the Market Address:
- The Dow finds itself back above 22,000.
- Shiller’s Adjusted S&P P/E ratio is now at 30.65 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 71.50 – overbought. Daily RSI is at 67.49 – neutral.
- Prior years corrections terminated at around 200 day moving average. Located at around 18,000 today (on weekly).
- Weekly Stochastics at 86 – overbought. Daily at 93.85 – overbought.
- NYSE McClellan Oscillator is at +24. Neutral.
- Volatility measures VIX/VXX remains at suppressed levels Commercial VIX long interest increased slightly to 80K contracts net long.
- Last week’s CTO Reports suggest that commercials (smart money) are shifting their positioning back to net neutral. Short interest has shifted slightly lower during the week. For now, the Dow is 10X, the S&P is at 3.5X net short while Russell 2000 and the Nasdaq are 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.
Yield Curves & Rotten Apples
Is it time to short Apple (AAPL)? Can the overall stock market survive without Apple surging to all time highs? These are the questions we have when barely 12 nerds show up for an iPhone 8.
As they say, sometimes a picture is worth a thousand words.
Full Story: That’s rotten! Barely a dozen shoppers queue at Apple’s flagship London store for launch of tech firm’s new £700 iPhone 8
Now, let’s talk about the Yield Curve……
It is a well known fact that a flat or inverted yield curve signals recession. And that is exactly what we saw in 2000 and 2007.
Well, thanks to the Ponzi Operators at the FED we are nearly there again. The spread between 10 year and 1 year note is now just 100 basis points. Not at inversion point quite yet, but certainly heading that way.
Now, many yield curve watchers would use the above as a confirmation point that we are still 12-18 months away from any sort of a recession. I would caution against such a view.
Why?
Well, we have never seen the monetary conditions we are seeing today. Everything, including yields, have been distorted to such a degree by our central banker friends that, quite literally, anything goes.
If you would like to find out exactly what happens next based on our Timing and Mathematical work, please Click Here.
