Intraday Update (8/19/10)

[1238PM] SPX/mini squiggle update -

[1050AM]SPX/mini count update-11AM pop if this is b (flat).










[853AM]SPX/mini count update - With futures dropping below the triangle floor, it's best to count this as a zigzag (ii)-up [Green] with wave c still to come, OR an expanded flat with (ii)-up already complete.

[655AM] SPX/mini overnight update -

Market Timing Update (8/18/10 Close)

[418PM] SPX/mini after-hour "mini-plunge"-










[4PM] Stocks - The two top counts (updated in Chart 1) highlighted yesterday are still tracking.
The double three count (green) has a better form if (ii)-up is still in progress. But the expanded flat (blue) remains valid.

If wave [5] of c under the blue-labeled count does not extend, (ii)-up may have ended at today's high as indicated in Chart 1.

Leave some room for this final advance potentially being a wedge, either as an extended [5] of c (blue) or [C] of y (green).

We have some divergence today with the Nasdaq and Rut indices achieving a minor higher high while the Dow and the SPX still below yeterday's highs.

Gold - With today's spike up, gold is either tracing out a series of 1s and 2s under the bullish count or is about done under the bearish count.

Intraday Update (8/18/10)

[1257PM] SPX/mini count update -

[750AM] SPX/mini overnight update -
Top counts highlighted in yesterday's EOD update are still tracking.

Market Timing Update (8/17/10 Close)

SPX- Two top counts depending when the presumed (i)-down of [i]'3-down ended (Chart 1 on the SPX e-mini). One of the count suggests a potential end of (ii)-up at today's high.

BLUE-(i) ended the Aug 12th pre-market low - (ii)-up is an expanded flat. The decline into the close is [4]-down of c-up of (ii)-up. Expect higher highs tomorrow to complete (ii)-up.

GREEN-(i) ended at the yesterday's low - (ii)-up is a flat that may be complete at today's high. Alternatively, (ii)-up is a double three (flat-x-three) where the decline into the close is the x-wave.

The bond mania - The bond mania most likely had ended at the 2008 peak (in price and trough in yields). There are two ways to count the 30-year bond price since its 1981 low (yield high) as being corrective and one way to count it as a completed impulse wave. If this is the case, bond yields will not make a new low. However, the analysis also suggests that there's additional room in the current rally in bonds.

More details regarding the bond mania, including wave counts and charts, will be provided in the weekend commentary.

Intraday Update (8/17/10)

[1153AM] SPX/mini count update-
[930]SPX/mini count update-

[710AM] SPX/mini overnight update -
Presenting two bullish counts depending on where (i)-ended (see Chart 1), and one bearish count where v-down of (i)-down is extended and is still in progress (see Chart 2).

Market Timing Update (8/16/10 Close)

SPX-The preferred count is that (ii)-up of 3-down is in progress. (ii)-up is likely an expanded flat as indicated in Chart 1. Chart 2 offers a squiggle count.


Bonds - A potential support for the 10Y Treasury yield.

Intraday Update (8/16/10)

[217PM]SPX/mini count update-

[1225PM]10Y Yield update, a possibility -










[950AM] SPX/mini count update -

[730AM]SPX/mini count update-

[Sunday Night 10PM]SPX/mini count update -
Working on the assumption of an expanded flat [ii]-up.