SPX and ES nailed our downside targets yesterday, bringing our month-to-date performance to a tasty 6.77% — an 11.71% margin over SPX which has slumped 4.93%. It’s the best start to a month we’ve had since September.After SPX reached our targets, the usual USDJPY- and CL-inspired ramp jobs failed to materialize. In fact, every time … continue reading →
Yearly Archives: 2016
2015 was a terrific year from a market forecasting standpoint. If someone had followed every single long/short call at exactly the price at which it was made, a $10,000 stake would have grown to $64,042 [results: HERE.] But, as we all know, there’s more to great returns than great research. So, for all you members … continue reading →
When I posted this e-mini chart on Monday suggesting the white target at 1937.67, it represented more than just another opportunity to score 4% by shorting (which we did.) It was an important line in the sand for bulls.ES has reached that target 3 days later. And, what it does next will have huge repercussions.continued … continue reading →
To any new members who’ve followed our calls exactly over the past three days, congratulations. If you were trading at least $10,000, you just paid for your annual membership! Haven’t signed up yet? It’s not too late. There are still a few memberships left at the sale price of $640.42. To sign up now… … continue reading →
A few weeks ago, it seemed that CL’s tag of our 34.17 downside target was imminent. It had recently broken down below the critical channel bottom we charted on Dec 2 [see: CL Tests Support.] So, we posted this chart on December 14 [see: Dec 14 CIW.]Of course, it was the last two weeks of … continue reading →
In a repeat of Monday’s pre-open, just about everything is off this morning. We’ll start with CL, which is testing Dec 14’s lows and nearing our next downside target.Along with USDJPY, it should allow SPX to reach our next downside target at the open [see: Happy New Year, 9:46 Update.] In short, while it feels … continue reading →
Did you feel it? Something big happened yesterday, and it had nothing to do with China, Saudi Arabia, Iran or Donald Trump. Of course, I’m talking about USDJPY, which closed below the key Fib line at 120.11. Is it important? Well, the last time it dipped below this level, stocks were in the midst of … continue reading →
December continued the trend of rewarding short-term traders while punishing swing traders and buy-and-hold investors. We finished the month up 19.90%, one of our best months of the year. While, SPX closed with its 6th monthly loss of the year at -1.63%. I ended November’s monthly review with the warning: …December will be full of … continue reading →
Yes, I’m supposed to be off today. But, I couldn’t resist commenting on the bloodbath facing traders as they return from the holidays and pointing out some likely downside targets. While China, Iraq et al are making the headlines this morning, the biggest problem is that USDJPY’s recent slump just became more of a rout.We … continue reading →