In my previous commentary I said that the scare tactics/lies from both the Democrats and Republicans about the debt ceiling and default etc are just that, but it would be resolved in favor of the market. However, the current resolution is just a stop gap until Feb 2014, and then we get to witness the… [Read More]
The Market Hoax will continue with Yellen
In the previous commentary I included the SPX monthly chart of this bull market which outlined the extreme O/B condition and negative 5 RSI Divergence from the 1687 to 1730 cycle high. It highlights the 91.30 RSI at the 1687 high, and the negative 123 declining momentum divergence with the SPX. I also said the… [Read More]
Bernanke Confirms The Banana Republic
The SPX was +1.2% last Wednesday after Bernanke’s overt flip-flop surprise on the probable limited taper, which was essentially a choke because of how fast interest rates rose after the Fed floated that probability. It is just another example of the haphazard way in which monetary policy is being administered. The Fed/Administration policy has made… [Read More]
Market Declines from Pi Time Symmetry Zone
The SPX was -1.8% last week and finished -3.1% on the month to 1632.97. According to the “trivia” statistic keepers the August trading volume is the lowest on average in more than 15 years. The current decline from the SPX extremely O/B 1709.67 Pi Symmetry high [2013.6] is now -4.8% from 1709.67 to the 1627.47… [Read More]
Day Trading As A Business
The SPX made a bull cycle high at 1709.67 on Friday 8/2/13, followed by the Pi timing week high at 1709.24 [8/5] and then the SPX traded in just a 15 point range the next four days as the index finished -1.1% on the week to 1689.87. Kevin Haggerty’s Professional Trading Service: Every day receive… [Read More]
High Probability-Low Stress Day Trading
The SPX was +13.4% in 2012 and +18.6% YTD as of the intraday 7/23/13 1698.78 high. It closed the month +4.9% at 1685.72 and +18.2% YTD. It is an artificial market inflated by the Fed, and the ending will be ugly. How can you not significantly reduce the percentage of your long equity portfolio allocations… [Read More]
Heads or Tails Mr. Bernanke?
The SPX declined -7.5% from the 1687 5/22/13 symmetry high to 1560.33, and has now advanced +7.7% [low to high] to a 1680.19 high. The initial leg down from 1687 to 1598 [-5.3%] reversed off the 50DEMA and made a 1654 high [+3.5%] on 6/18/13, which was the 51.6 month Pi time symmetry [6 x… [Read More]
Market Reverses in Time Symmetry Zone
In an earlier commentary last month I was quoted as saying “There is an incredible herd mentality that the Fed will keep the pedal on the QE program etc. which is the so called “magic put” for the market. However, the herd mentality has been and will be wrong again this time as the Fed… [Read More]
The Primary Market Tools
You can not predict markets with any high degree of success, or the duration and extent of a market move, but you can anticipate and pinpoint high probability reversal or acceleration price and time zones with a positive mathematical expectation of success. However, when a market nears a potential turning point you must look for… [Read More]
The Red Alert Time Zone
The SPX finished last week +2.0% to 1666.12 and has advanced 17 of the last 21 trading days [80.9%] from the 1556.03 low at the 50DEMA on 4/18/13. The “Fed Rules’ as it has been able to continue inflating the “bubble” despite the negative economic and fundamental misses/below expectations. There is an incredible “herd mentality”… [Read More]