Apr 142014
 
 April 14, 2014  Posted by at 4:43 am 3 Responses »
Weekend Update: April 14th, 2014 - No Fear

“There is however a more immediately bearish case which I prefer given the heavily skewed risk/reward and similar probability… That the initial 5 wave decline from ATH’s was merely wave i of (c) and this rebound is a counter-trend wave ii rally as part of a larger 5 wave decline (red count). I just like […continue reading…]

Apr 102014
 
 April 10, 2014  Posted by at 6:40 am 4 Responses »
Market Update: April 10th, 2014 - Risk/Reward

Be careful what you wish for… that’s my advice to Janet Yellen. Despite the Fed tapering, the dovish tone set by Yellen is crushing the US$. This is a double edged sword. The US exporters (and China) will no doubt benefit from a weaker US$ but at what cost? Commodity price (cost push) inflation and […continue reading…]

Mar 312014
 
 March 31, 2014  Posted by at 8:18 am Comments Off on Weekend Market Update: March 31st, 2014 – Range Bound and Down
Weekend Market Update: March 31st, 2014 - Range Bound and Down

The equity markets are fragmented with the SPX holding key near term measured support identified last week (1840) while higher beta indices such as the NDX and RUT broke lower.  The SPX has remained range bound for 3 weeks now in the 1884 – 1840 region while buyers and sellers search for direction and conviction. […continue reading…]

Mar 212014
 
 March 21, 2014  Posted by at 3:13 am Comments Off on SPX Update: March 21st, 2014
SPX Update: March 21st, 2014

Most equity indices had an inside day following the NFP whipsaw so we are now looking for a breakout. Importantly, the 3 wave rally from 1840 to 1874 is guiding my thoughts here. Not clearly impulsive so the highest probability options are… Option 1 Flat: IF trade above 1875 then measured target of 1885 for […continue reading…]

Mar 202014
 
 March 20, 2014  Posted by at 11:02 pm Comments Off on (Restored post from March 17, sans charts — due to site issue earlier — site issue now fixed)
(Restored post from March 17, sans charts -- due to site issue earlier -- site issue now fixed)

(ADMIN NOTE:  This was originally posted by Mars on March 17 — there was a site issue and the charts were lost.  Site issue has since been fixed.) The SPX reversed lower from my 1887 pivot (actual high 1883.57) and completion of its 5 wave advance. While the initial equity decline looked corrective, the USD/JPY […continue reading…]

Mar 122014
 
 March 12, 2014  Posted by at 7:24 am Comments Off on Market Update: March 12th, 2014 – Warning Signs
Market Update: March 12th, 2014 - Warning Signs

“Warning signs, warning signs, I hear them, but I pay no mind” Talking Heads Equity markets have been unable to exceed Friday’s post-NFP highs but the near term price action looks corrective. Remember, I continue to believe we are in a 5th wave of intermediate degree so this is not the time to get bullish. […continue reading…]