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Greetings!
They said it wouldn’t happen. We were in the
minority in August when we originally called
for SPX to reach 1360. But we weren’t necessarily
alone
either. Eric Hadik from Insiide Track was one of the
few others who could foresee a rally back then, a
rally that the past few weeks have confirmed as
reality. We’re more than pleased to announce Eric
will be contributing his proven insight to our monthly
newsletter. And there’s no doubt that this has been
an exciting year in the world of precious metals and
commodities. To fill the need for analysis in these
markets, we’ve also added oroborean, an independent
analyst, to our team.
But the pressing issue on most of your minds is
probably whether or not the major indexes put in
their high this past Thursday. That decision is about
to be made as we have maturing Elliott counts,
major cycles due, the November payrolls, a
possible low in oil, and the Elections!
Enjoy reading this months Newsletter and Good
trading
Dominick
a.k.a. Spwaver
Lets start off with a weekly wrap-up from our
member "Rye".
Staying the Course
In physics, isn't it a second or third law that states,
something to the effect that, a body once in
motion, will stay in motion, until a force of equal or
greater strength can, stop or alter it? well I
guess then thats what we have in the Dow. An
unaltered upwards motion, that so far has not met
with enough force of selling, to stop or alter it and
change the trend.....
Read the entire
article...
| No signal Yet - by Dominick |
Since that call back in August, we’ve had a sort of
self-fulfilling prophecy in equities markets. A narrow
rally converted some of the bears, who in turn fed
the squeeze day after day right into the 1360
target. Even into Friday’s close, I listened to the
Squawk box from Trade the News, to hear a large
broker buying a ....
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| Market Turning Points by - Andre Gratian |
Let’s start with a recap to put things in perspective.
It is still early, but it looks as if the parameters that
were set in the last week’s Newsletter for a market
top are going to be met, i.e. time frame and price
projection/resistance zone. We did pretty well with
the short-term as well.....
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| The Rhodes Report - by Richard Rhodes |
First, much continues to be made of the decline in
crude oil prices, and the positive future impact of
lower energy prices upon the world consumer et al.
This concept is widely accepted; but as a result...the
oil service stocks have been "taken to the
proverbial...
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| Market Clues - by Bob Carver |
Although we use our fair share of projective market
indicators, we really prefer the kind which measures
what the market is doing now, not what it might do in
the future. We call these kind of
indicators "coincident" because they tell us something
about the market's current condition and are
objective rather than subjective...
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| Insiide Track Trading - by Eric Hadik |
Stock Indices remain on track for a rally into Nov. 6--
10th. While the DJIA & SPZ have rallied to new
highs - and closer to their major upside objectives -
the NQZ has only rallied back to its Oct. 16th high.
This could lead to another...
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| Fed Sends “Buy” Signal - by Joe |
The typical view this week seems to be that the
FOMC policy statement was virtually meaningless,
and maybe for the larger markets it is. To my ears,
listening on behalf of the precious metals, it almost
sounds as if the Fed just opened the door for a
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| Daily Stock Barometer - by Jay DeVincentis |
he Stock Barometer is my proprietary market
timing system. The direction or slope of the Stock
Barometer helps determine our outlook on the
market's direction. For example, if the barometer line
is moving down, we are in...
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| Things that make you say Hmmmmmm |
Funny how Saudi Arabia confirms oil facilities threats
on Friday as we already had a buy signal on the
Trend
charts and a good Elliott count for a turn at last
week's low, or at 56.90. Our live chat room had a
target of $61.60 for an intraday trade which was
reached as price vibrated
around it all night on Thursday!...
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Ideas from this update are provided
as
general information and are not investment
recommendations. TTC accepts no liability
whatsoever for any losses resulting from action you
may take based on the contents of its charts,
commentaries, or price data. Each person must do his
or her own research to determine the appropriateness
of taking a position in any financial or commodity
market. If you are uncertain, please check with your
licensed financial advisor or broker prior to taking any
action. Securities and commodities markets inherently
involve risk.
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SPwaver's Trend Cycle Charts
60 min SPX |
What are these charts saying now? Join our members
as they enjoy intraday signals from them.
Contributing Market Advisory members
Andre Gratian
Bob Carver
Chartsedge
Elliott Today
Eric Hadik
Glen Neely
Jim Curry
Joe Ross
Richard Rhodes
Stock Barometer
Tim Ord
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