[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.
Disclaimer: Each post is for informational purposes only. It is not a solicitation, a recommendation or advice to buy or sell any security or investment product. Information provided in each post does not constitute investment advice.
Wednesday, July 9, 2014
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.
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
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
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.
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.
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