Wednesday, July 9, 2014

Market Timing Update (7/9/14)

[EOD] Stocks -
Inside day. See charts for near term tracking squiggles.

[1215pm] SPX/INDU update -
Flirting with and reacting to trend lines. See charts.
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[815am] ES update -
FOMC minutes at 2pm EST.


Tuesday, July 8, 2014

Market Timing Update (7/8/14)

[EOD] Stocks -
It's easier to count the decline as a three than a (potential) five (Chart 1). Suspect another new high coming, potentially as the terminal wave of an EDT. The green count in Chart 2 illustrates pieces can fit - the current pullback is wave b-down of wave (e)-up of [c]-up as marked. Let's see what market delivers tomorrow.

[1050am] SPX/INDU update -
near term tracking. see charts.


Monday, July 7, 2014

Market Timing Update (7/7/14)

[EOD] Stocks -

[1240pm] SPX update -
near term tracking. see chart.

[735am] ES update -


Sunday, July 6, 2014

MTU Weekend Ed. - Topping Scenarios (7/3/14 close)

SP500, longer term picture
Broke out of resistance (2000H-2007H) and then rose along the 2010H-2011H trend line. A retest of the 2000H-2007H trend line is likely before long.

SP500, complex upward correction


SP500, expanded correction


Thursday, July 3, 2014

Wednesday, July 2, 2014

Tuesday, July 1, 2014

Market Timing Update (7/1/14)

[EOD] Stocks -
Yesterday's EOD update mentioned a time window for a high this Monday, Tuesday (today), and Wednesday. Today's rally is right in the middle of the proposed time window. Let's see if the market takes it.

Chart 1 tracks squiggles on today's rally. Chart 2 and Chart 3 show surviving topping scenarios discussed in Monthly Outlook Update (6/27/14).

[1135am] SPX update -
at resistance. see charts.

[850am] ES update -
Q3 begins. Potential EDT within EDT within EDT in ES/SPX. See charts.