Folks, Market Observations for the Week: We ended Friday with a $TRIN of 1.48 which meant that someone was trying to sell the US-China trade news. Today, people came into buy the market as people see "only blue sky ahead" with the Fed at the markets back and the trade tensions greatly lessoned. The black…

Folks, Market Observations for the Week:  In our thinking, the SPX rallied to a potential short-term high in Friday’s Full Moon Timing Window and the precious metals made a short-term low. The drone attack on the Saudi oil facilities could cause a $5-$8 spike in oil prices Sunday evening and that could hit global markets…

Folks, Market Observations for the Week:  The SPX continued to power higher and closed above 3000 on Monday. Trumps tweet of a two-week delay in the onset of October tariffs is spiking the E-Mini after the market close to E-mini 3020. It appears that the SPX is rallying into the 9/12-9/13 Full Moon Timing Window…

Folks, Market Observations for the Week:  Our indicators are arguing for an SPX consolidation early this week, perhaps into the 9/13-9/14 Full Moon Timing Window. However, the tape looks bullish to us into 10/1 and we are reluctant to work the short side unless we see 5-waves down on the hourly SPX – a move…

Folks, Market Observations for the Week:  After early weakness the SPX reversed sharply higher Wednesday and continued the corrective bounce from Friday, but volume really trailed off going into the holiday weekend. Short-term cycles argue that the SPX could hold up into the New Moon Timing Window on 8/29-8/30. Bonds continued to correct sideways, and…

Folks, Market Observations for the Week:   The SPX and NDX appear to be coiling into the 7/31 New Moon/Fed rate cut – AAPL’s earnings after the market on Tuesday will be important. Gold tested $1440 late in the day and closed above $1431 (an important weekly trendline) – is this another false breakout attempt? 7/29/19 (Commentary…

Folks, Market Observations for the Week:   This is a big week for the SPX and the PM as we approach the 7/31 New Moon/Fed rate cut day – we could see a fast move up to our targets of SPX 3100 and gold $1500. 7/28/19 (Commentary for Sunday) The /ES and /NQ are pulling back into early…

Folks, Market Observations for the Week:   The SPX did not bounce into Wednesday and finished an EW a-b-c pullback on the hourly into the close – a retracement bounce early Thursday is likely. Higher inventories gave crude oil a sell off that undercut $57 – the energy sector weighed down the SPX today. Led by silver,…

Folks, Market Observations for the Week:   The SPX declined hard Monday – just a corrective bounce early Tuesday may give us that test of SPX 2700. Our current bias remains that the market has entered a bear market and that another leg down is possible into 11/27 after the recovery rally phase ends (IT MAY…

Folks, Market Observations for the Week:   The SPX gave us a mild consolidation day today after the FOMC minutes which showed the Fed resolute in its plans to raise rates. Overall though, our current bias remains that the market has entered a bear market phase and that a another leg down is possible into 11/27…