Category: Uncategorized
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Folks, Market Observations for the Week: Despite the government shutdown, the SPX grinded to a new ATH at 6718. Our TRIN5 SELL SIGNAL for the SPX on Monday has only coincided with a small 4th wave correction on the hourly chart which is bullish for higher SPX prices into October. However, with the NFP jobs…
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Folks, Market Observations for the Week: The SPX and the NDX rallied on Friday, but our short-term view remains that the markets are consolidating into the Yom Kippur holiday on Friday. Our TRIN-5 indicator is testing 4.0 (market overbought) and Monday’s close will be key to the signal. The SPX is in correction mode after making…
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Folks, Market Observations for the Week: The SPX continued its decline on Wednesday and the option trading is showing a one-sided bias for calls which is bearish. Last week, we saw $TRIN spikes to 2 or 3 on the market opens which denoted bears selling the opening SPX highs which was "contrary bullish". This week,…
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HAPPY HOLIDAYS TO ALL! Folks, Market Observations for the Week Did a X-mas rally start at SPX 3764 on Thursday? The…
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Folks, Market Observations for the Week: Our short-term market bias changed from bearish to bullish as the DJIA took out its 11/15 high today. The New Moon on Wednesday should continue to pull up the DJIA and SPX into the 11/23-11/25 turn window. Our bias is the SPX should take out 4028.84 by Wednesday…
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Folks, Market Observations for the Week: Today the SPX traded an inside day to yesterday’s FOMC day but the SPX is still in correction mode and could still target a symmetry correction to 4234 into option expiration Friday. Bitcoin is rolling over and testing 22660 overnight and that could be leading the way lower for…
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Folks, Market Observations for the Week: The NFP jobs report came in in blow out fashion and exceeded > 500,000 jobs as the EW 5-waves down in the US bond market into Wednesday had predicted. Our Option Premium Ratio indicator gave us back-to-back readings of 0.87 on Thursday which is a SELL SIGNAL. Even so,…
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Folks, Market Observations for the Week: The SPX continued its rally into the New Moon today and tested 4080. With favorable earnings from AAPL and AMN, we could have a strong open on Friday, however, we are looking for a short-term high. As it turned out the SPX finished just a simple EW a-b-c correction…
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Folks, Market Observations for the Week: The SPX made a new high today as the market continues to get bid up into the 9/3-9/6 3-star geo-cosmic time window which includes the 9/6 New Moon. Our bias is that we are marking a significant high here in early September and how the market reacts to the…