Thursday, February 26, 2015

Market Timing Update (2/26/15)

[EOD] Stocks-

[1015am] SPX update-
Tracking counts and squiggles. See charts.

Wednesday, February 25, 2015

Market Timing Update (2/25/15)

[EOD] Stocks -
Potential small-degree EDT in SPX? contracting or expanding? See charts for tracking counts and squiggles.

Tuesday, February 24, 2015

Market Timing Update (2/24/15)

[1pm] SPX update -
[820am] ES update -

Monday, February 23, 2015

Market Timing Update (2/23/15)

[EOD] Stocks -
[915am] ES update -

Saturday, February 21, 2015

MTU Weekend Ed. - Breaking Out (2/20/15)

Stocks broke out from a 3-day consolidation to a new record high this past week. SP500 appears to be ready to deliver an overthrow with respect to the blue trend line in Chart 1 either as the green wave (3)-up of [5]-up or the blue EDT wave (5)-up of [3]-up. At the same time, odds appear to favor a new high in the Nasdaq Composite index, which is 3.5% away (Chart 2).

If Friday’s break out in SP500 is a small degree wave [v] off its February low (Chart 3) which would be consistent with the less-impressive cumulative AD-line (Chart 4), the near term upside should be capped around 2146 as wave [iii] cannot be the shortest wave. Near term support levels for SP500 are around 2070 and 2030 at the moment. A bullish alternative is an extended wave [iii] highlighted by the green labels.

The decennial pattern and the presidential cycle point to a slight downward tendency for the rest of the month. See Chart 5 and Chart 6.

Friday, February 20, 2015

Market Timing Update (2/20/15)

[840am] ES update -
Squiggles from the Feb low. See charts.

Thursday, February 19, 2015

Market Timing Update (2/19/15)

[EOD] Stpcks -
Chart 1 and Chart 2 present near term tracking counts and squiggles.  With SP500 rose just above 2102 intraday, it has met the minimum target of a potential expanding EDT we have been tracking (Chart 3) price-wise, but not yet time-wise.  See charts.