AUGUST ELLIOTT WAVE: COUNT APPROACHING TERMINATION    

AUGUST 2018 PRIMARY TREND UPDATE: TREND CONTINUES UPWARD - EXPECT VOLATILITY

AUGUST 2018 S&P 500 TARGETS THERE IS A POTENTIAL FINAL UPSIDE HIGH OF ~3052-3200 BY YEAR END 2019 IN THE SHORTER TERM A  SUPPORT TEST OF ~2500 (400 DMA) IS POSSIBLE BUT A LO PROBABILITY AUGUST ELLIOTT WAVE: COUNT APPROACHING TERMINATION However,  the Elliott Wave Count suggests that a final wave in second half 2018 […]

S&P 500: AUGUST 2018 UPDATE: CHANNELS – SUPPORT & RESISTANCE

AUGUST 2018 UPDATE: POST 2008 BOUNDARY CONDITIONS  

CONSUMER CONFIDENCE IN "CURRENT ECONOMIC SITUATION" MATCHES PEAK DOTCOM BUBBLE -- SOURCE: 07-31-18 - "Americans Are The Most Confident In The Current Economic Situation Since The Peak Of The DotCom Bubble" -- While 'Hope' continues to fade (now at its lowest since Dec 2017), The Conference Board's Consumer Confidence inched higher thanks to a surge […]

A POTENTIAL ASIAN CURRENCY SHOCK LOOMING (REMEMBER 1997) Sino-American trade war could trigger a currency shock in Asian markets..." -- SOURCE: - 08-08-18 Nikkei Asian Review, George Magnus - "The looming threat of a yuan depreciation" -- George Magnus is an associate at Oxford University's China Centre and former chief economist at UBS. His latest […]

WHO DO YOU TRUST?? Who do you trust? US Macro Data, The Nasdaq (and its 4 or 5 stock driver), or The NYSE Composite of over 2000 stocks and $23 trillion in market cap... NOTICE THAT THE NYSE COMPOSITE IS BASICALLY FLAT SINCE YEAR BEGINNING

IT IS TOUGH TO MANIPULATE PRICE-to-SALES & IT IS WORSE THAN PRIOR TO THE DOTCOM BUBBLE IMPLOSION By one measure, the stock market’s valuation is twice as high as 2000 -- SOURCE: 08-09-18 MarketWatch.com, Sue Chang - "If This Chart Doesn't Scare You Out Of Stocks, Nothing Will" -- A lot has changed since the […]

GOLD CHEAPEST RELATIVE TO STOCKS IN 11 YEARS - JUST PRIOR TO FINANCIAL CRISIS Chart Courtesy of ZeroHedge.com

GOLD: THE CHINESE HAVE CHANGED THE WAY THEY LOOK AT IT -- SOURCE: 08-07-18 the MacroTourist - Kevin Muir - "Gold: Have The Chinese Changed The Way They Look At It?" -- At the risk of alienating all my readers who view gold as a barbarous relic, I am chancing one more post to expand […]

RUBINO: FUTURES SPECULATORS NOW CLOSE TO BEING NET SHORT GOLD - A RARE EVENT! -- SOURCE: 08-08-18 DollarCollapse.com - John Rubino - "Another Week, Another Improvement In Gold’s Prospects" -- The past few months have added some cred to the “sell in May and go away” rule of thumb for precious metals, as gold’s price […]

THE CASE FOR GOLD ABOVE $1400 (+15%) BY YEAR-END -- SOURCE: 08-08-18 Daily Reckoning - James Rickards - "That Signs Point To A Global Slowdown" - As gold has struggled through 2018, (down over 10% from $1,363/oz. on January 25 to $1,215/oz. today), my forecast for a strong year-end for gold has remained unchanged. This forecast […]

NATIONAL ASSOCIATION OF ACTIVE INVESTMENT MANAGERS' EXPOSURE INDEX OMINOUSLY DIVERGING FROM S&P 500 The NAAIM Exposure Index represents the average exposure to US Equity markets reported by our members. The green line shows the close of the S&P 500 Total Return Index on the survey date. The blue line depicts a two-week moving average of the NAAIM […]

CONSUMER COMFORT AT HIGHS NOT SEEN SINCE PRIOR TO DOTCOM BUBBLE IMPLOSION The Bloomberg Consumer Comfort Index is presently at highs not seen since prior to the the Dotcom Bubble implosion. The Index has historically been found to be an excellent leading indicator of Forward PE for the S&P 500 however the divergence between the […]