In the previous commentary, “Current Market Symmetry”, I pointed out the 10/11/17 Pi date as it was 3141 days [3.14] from the 10/6/09 670 bear market low and also the 8.6 Cycle symmetry date at 11/24-25/2017. The SPX was also extremely O/B at the highest monthly RSI 5 in our time and minus any RSI […]
Current Market Symmetry
The SPX last had a -5.0% correction from the 2194 8/15/16 high to the 2084 low on 11/4/16, which was a pullback to the 12-month EMA. Trump was elected 11/8/16 and the index closed at 2140. There was an 8.6 year cycle leg date at 2016.825 which was 10/28/16 versus the 11/4/16 2084 low, and […]
Kevin Haggerty’s Commentary for 10/13/17
The SPX made an RST monthly high in 5/2015 at 2135 with entry below the 6/2015 monthly low close at 2063 versus the long-term 8.6-year cycle date of 2015.75 and declined -15% before making a double bottom low at 1812 and 1810 in Jan and Feb 2016. The “Feds” ponzi scheme index has since advanced […]
Trader Discipline and Risk Management
The SPX hit 2401 on 3/1/17 following the election/year end markup followed by a 3-month trading range of just 3.4%. It was pushed above 2400 and hit 2446 Fri before closing at 2432. The market remains in a prolonged period of passive “so called” investing, and extreme all-time lows in volatility, yet the Fed Ponzi […]
Geometric Market Timing is the Significant Factor
The SPX made a long term RST top of 2135 in May 2015 at the 1.618 Fib Extension [2137] of the 1576-667 bear market low before declining -12.5% into the Pi Time zone of 2015.75, followed by a rally to 2116, then the final double bottom low at 1810 on 2/11/16. The index has since […]
Yellen on Hold for Clinton
The SPX is virtually unchanged at 2139 after 17 months of trading following the long-term monthly RST 2135 high on 5/15/15, with the major 5 RSI monthly negative divergence. I said that the risk reward was not positive then, and to significantly cut back long exposure on any buy and hold SPX index portfolios. I […]