Stock Market Analysis |
Tuesday, May 29, 2018
Thursday, May 24, 2018
DANGER AHEAD!
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Being able to be as accurate as to correctly call a day a negative open and positive close day when the media yesterday was rattling away at how badly Trump supposedly screwed up. Of course, to be able to make such a call I give thanks to God who has guided me along this path for so long and given me tools and the right eye to tell what is going on and ultimately bring it to fruition. Apart from that, it has been my decade long practise not to be distracted by the news and stick only to my own research and experience and it has since paid off.
Even though I would normally say that this is when the market completes a turn around pattern and challenge new highs, I am more hesitant today. Why? Because yesterday's positive day was actually a bearish positive day with professionals rushing out of the market rather than in to it. Something about the 2750 level seems to be scaring people away and I won't be surprised to see yet another failure around this area to go back and retest the 200MA.
As such, the next two days is going to be very dangerous.
The next two days is going to determine if the market is ready to break this intermediate neutral framework for real or retreat and continue to bounce along within it. At this time, from how investors are reacting, I would say its a 50/50 chance and therefore a great time to take some short term bullish profit off the table if you have any.
For now, the market remains in short term and intermediate neutral trend within the framework of a primary bull trend.
Monday, May 21, 2018
I was WRONG!
Thursday, May 17, 2018
Bulls Return
Monday, May 14, 2018
Bear Crossing Ahead...
Last week was just pristine. US Market did everything exactly what I said and closed its strongest week since March. But, like I said last week, this is when it all gets DANGEROUS. (Yes, so if you are late to the party, this could be a terrible time to be newly long) Yes, the market is now short term overbought from last week's huge gains and it is time now for some profit taking. In fact, investors and options traders echoed that sentiment last Friday by depressing bond yields as investors rush back to the safety of bonds and options traders returning total equities put call ratio to par from a call options inclined trading posture, DESPITE it being a positive day last Friday.
In fact, the Nasdaq did close negative last Friday and the Nasdaq usually leads the way for the rest of the market. As such, I would be very cautious about going newly long this week. In fact, my subscribers and I took profit on our profitable call options on QQQ last Friday. If you are going to be newly long, you really want to buy in on the dips instead as the way ahead still looks very bullish.
Yes, I expect to see a short, perhaps 1 week pullback, before the bulls return again. Trump continues to work extremely important global trade ties like how he reached out to China today as economic data continues to improve. Everything still looks good to fulfill my positive 2018 but market crash 2019 prediction.
For now, the market remains in short term bull trend within the framework of a neutral intermediate trend and a primary bull trend.
Friday, May 11, 2018
End Of Run... For Now...
For those of you who have waited and waited and only thinking of getting in now that you see the bulls are "kinda real", you belong to the herd taking over from the clever money getting out now.
I am not saying the market is going to be negative today. No. In fact, chances are still good the S&P500 is going to try to reach the 2750 level. But, I won't bet on a very bullish next week.
As for me, its time to take profit and enjoy the weekend!
For now, the market remains in short term bull trend within the framework of an intermediate neutral and primary bull trend.
Wednesday, May 09, 2018
Bull Will Run... Why?
Market continued upwards, following up on the rising bottom formation breakout of last week with all internal signs and fundamental economic indications supporting this bullish reversal. No surprise to me at all and yes, I profited from it. Why was I right and so many wrong? Because most people think they have to wait and see what Trump say or do before they know where the market is going.
WRONG.
The market is driven on MUCH MORE forces than just one man's words! That is how I have been able to CONSISTENTLY predict what the market is going to do down to daily trends! Because there are A LOT more to look at to know what investors and the stock market is going to do and in fact, I don't even follow what Trump says! LOL! Yes, I don't at all! One man does not influence the market the way the news have all of you believe. If that is so, the market would truly be unpredictable and I would not have been able to make a living over the past 16 years predicting and trading in the market!
So yes, the market is still on track upwards, even though the market closed marginally negative, its still bullish by all accounts and internal indications still point strongly bullish. As such, I don't see why the market won't challenge the 2750 points level like I predicted on Monday.
For now, the market remains in short term bull trend within an intermediate neutral trend and within the framework of a primary bull trend.