Category: Uncategorized
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Folks, Market Observations for the Week: The SPX rallied on Monday and is holding up into the 11/25-11/26 turn window. We are taking profits in short-term trading positions in the PM sector. We are expecting big volatility into next week and raising more cash. We are monitoring a potential mini-crash pattern going into December for the…
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Folks, Market Observations for the Week: We are turning very defensive on the SPX and NDX. Our Option Premium Ratio gave us s Major Sell Signal on Wednesday’s close before NVDA earnings and that reversed the market down early Thursday before a bounce on Friday. Also, The Option Premium Ratio broke higher to 0.93, a 5-month…
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Folks, Market Observations for the Week: From Tuesday, where the SPX had made a “symmetry decline” to 6575, the SPX only managed a “corrective 3-wave rally” into the post-NVDA earnings bounce on the 11/20 New Moon before making a “key reversal day” down to test its 100-dma. We still view this as a bull market correction…
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Folks, Market Observations for the Week: On Tuesday, the SPX made a symmetry decline down to 6574 in our fractal turn window ahead of the big earnings report from NVDA after the market close on Wednesday. We view this as a bull market correction which should be bought. We expected big volatility and an important turn…
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Folks, Market Observations for the Week: The SPX and gold declined into Friday’s fractal turn window from 1/27-1/28 and we expect more weakness Monday. We are expecting big volatility this week and expect an important turn in the SPX by the 11/19-11/21 New Moon Timing Window. The SPX correction from October is continuing, with a volatile…
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Folks, Market Observations for the Week: The SPX and gold turned down on Thursday as we entered the 11/14-11/17 fractal turn window projected from the 1/27-1/28 correction in the SPX and gold. The SPX correction from October is continuing, with a volatile tape, into the last week of November in our opinion. The unconfirmed new ATH…
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Folks, Market Observations for the Week: The DJIA made a new high on Wednesday, but the SPX, NDX and IWM failed to confirm it. In fact, the IWM tested the 0.618 retrace to its ATH and reversed down. The Option Premium Ratio printed a bullish “island reversal pattern” into Tuesday and that resulted in a…
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Folks, Market Observations for the Week: The SPX tried to correct on Tuesday but ended up reversing higher for the day – this is bullish behavior. Our Option Premium Ratio has now printed the last three closes: 0.72, 0.81, 0.66 which is a classic, bullish “island reversal pattern”. We are now short-term bullish on the SPX…
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Folks, Market Observations for the Week: A potential Congressional compromise on the government shutdown rallied the SPX and NDX hard on Monday and CNBC analysts appeared to cheer the return of “momentum investing”. However, we are not so sure, as we ponder an array of monthly, weekly and daily SPX cycles that are targeting the last…
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Folks, Market Observations for the Week: The SPX pulled back into the 11/5 Full Moon but only gave us a 3-wave bounce into late Wednesday – this is short-term bearish and allows the SPX correction more room to go down into a test of SPX 6700. The SPX 3-star critical reversal window for 11/3-11/5 and the…