Market Timing Update (9/11/14)

[EOD] Stocks-

[130pm] SPX/NDX update-
tracking counts.

Market Timing Update (9/10/14)

[EOD] Stocks -
Charts show tracking counts on SPX and NDX. Regaining yesterday's high greatly weakens the bearish counts. In other words, new highs (as wave five) are likely in absence of an immediate sell-off overnight/tomorrow.

[915am] SPX/NDX update -
Tracking counts. See charts.

Market Timing Update (9/8/14)

[2pm] SPX update-
The black count on SPX tracks a rare terminal triangle wave 5 in SPX and the Dow, and will wrap up the red [v] in NDX. See charts.

[915am] ES update-
competing bullish and bearish small-degree 2nd waves. see chart.

MTU Weekend Ed. - Terminal Move (9/5/14 close)

stocks, gold, USD

For the near term, we are tracking two possibilities for stocks. Odds appear to favor additional near term advances.

[1] SPX/Dow/NDX appear to be in their fifth wave advance since their August lows (Chart 1 and 2, green counts). Wave 5 and wave 1 equality projects to 2030 in SPX.  2015 is where wave 5 equals to 0.618 of wave 1.

Note that the Dow Transports made a record high this past Friday (Chart 3). Transports may be currently leading. However, a five-wave advance off its August low appears to be mature for transports as highlighted in Chart 3.

[2] The current upswing in SPX topped this past Thursday (Chart 1 and 2, blue counts).  In this case, the Dow Transports topped one day later and NDX one day earlier.

This weekend marked the  three-year anniversary of Gold's record peak in 2011, as discussed in Monthly Outlook Update (8/29/14)  It'll be interesting to see if a turning point is at hand and if the bullish blue terminal triangle wave (C) in Chart 4 completes the Gold's decline.

At the same time, the USD index is at its major long term resistance (Chart 5).  A similar, but bearish, red terminal triangle wave (C) is potentially present in the USD index. 

Market Timing Update (9/5/14)

[2pm] SPX/NDX update-

[815am] ES update-

Market Timing Update (9/4/14)

[EOD] Stocks-
On balance, stocks appear to be wrapping up wave 4-down of the current upswing (green count), potentially ahead of the jobs number tomorrow.
While it is possible that the top of this upswing is in, the following price actions raises some questions:
(1) The lower low in the Dow as indicated in Chart 1 raises some doubt on the potential EDT in SPX.
(2) While SPX and INDU delivered record highs today, NDX and ES have failed to do so.
Let's see which path the market chooses to take.

[1140am] SPX/NDX update-
The small degree EDT, if tracks, caps SPX at 2020. See charts.

[810am] ES update-

Market Timing Update (9/3/14)

[230pm] SPX/NDX update -
tracking counts. see charts.

[810am] ES update -
tracking counts. see chart.