US Index performance with metals YTD

If weakness appears I will take the last day high as a stop. As of now, bears were not able to break lower. I do not read relative strength in NQ vs SPX but this will change during the day if bulls are able to take control

TOO MUCH EFFORT #ES 2813 could be the low

The bears are were able to show 3 consecutive lower low on ES Futures     The bears are were able to show 3 consecutive negation of 6900 on NQ Futures     The bears are were able to show a lower low after a test of the 26000 area on YM Futures If bears

Adding a hedge to the long exposure

The market is moving on rumors regarding a potential deal. Republicans in the Senate do not seem to have the votes to pass the spending bill as of this writing. There will be a lot of horse trading today to prevent the government shutdown. The market is assuming that a deal will be reached. Neither

#RALLY UPDATE $SPY $QQQ $DIA $VIX

EUROPEAN BANKS and JAPANESE EQUITIES HAVE JOIN THE RALLY, EVEN EMERGING MARKETS ETFs ARE EXPERIENCING INFLOWS. This type of rally can not be predicted by my systems and seems to have no end in sight. There is simply too much cash buying equities around the world and supply it’s still low.  A lot of wealthy investors

Short-Term Overbought $SPY $QQQ $DIA

Today’s pop is the largest one-day gain in about a month. Since the days leading up to the election, the Dow has soared nearly 2000 points. We are in overbought levels and we fully expect things to settle down, and have a bit of profit-taking.

$SPX Futures

U.S. stocks ended more than 1 percent lower on Wednesday after rallying the day before, led by declines in Apple shares and in energy companies, which fell with oil prices Indexes down: Dow 1.5 pct, S&P 1.4 pct, Nasdaq 1.2 pct SP500 Futures: 1. Rejection of higher levels 2. Pull back resistance still valid 3.
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