For Thursday, January 2nd

The markets are closed tomorrow for New Years Day, therefore there will be no evening briefing for tomorrow, it will resume on Thursday...  I would like to wish each and every one of you a happy, healthy, and prosperous New Year and may all your dreams come true in 2014...


The March SP futures

 


The main model is long the March SP at 1785.50 as of Wednesday, December 18th...

For the March SP futures, the last trade as of this writing is at 1845.80... this is still above both major upside VPs...



 

Today's NT indicator looks exactly the same as yesterday...

For Thursday, a close below 1834.60 in the March contract would confirm a new main model sell signal...

 

 

 

The following are the current upside VPs for the March SP...  

minor - - 1806.80  (already reached)

minor  - -  1809.40  (already reached)

MAJOR - - 1828.90 (already reached) and must close below that price on Thursday, January 16th to confirm a new main model sell signal...

MAJOR - - 1831.90 (already reached) and must close below that price on Friday, January 10th to confirm a new main model sell signal...

For now, the main model remains long the SP...

 

 

 

 

 

The February Gold futures

The main model is now short February gold from 1210.70 as of Monday, December 30th...

 



For the February gold futures, the last trade as of this writing is at 1204.20... 

For Thursday, a close above 1214.70 in the February gold contract would confirm a new main model buy signal...

Gold traded down through the 1182.80 minor VP and also down through the major VP at 1182.50 today and almost touched the next major downside VP at 1181.10 before rallying nearly 25 dollars...  today's low was 1182.40...this is a good reaction off the major VP prices, realizing there are no less than three VPs, two of which are major VPs...  this is constructive for the gold bulls...


 

 

 


The following are the current downside VPs for February gold...   

 

 

 

 

 

MAJOR - - 1203.20  (already reached) and must close above that price on Thursday, January 9th to confirm a new main model buy signal...

minor - - 1182.80 (already reached)

 

 

 


MAJOR - - 1182.50 (already reached) and must close above that price on Friday, January 17th to confirm a new main model buy signal...

 



MAJOR - - 1181.10 and must close above that price on Wednesday, January 22nd to confirm a new main model buy signal...

MAJOR - - 1169.30 and must close above that price on Wednesday, January 15th to confirm a new main model buy signal...
 

 

As for now, the main model remains short gold...

 

 

 



The email SUGGESTION BOX is always open and invites your ideas for improving and enhancing your email service, I enjoy hearing from you, many thanks...

 

 

 

NOTICE: I SEND OUT AN EMAIL EVERY WEEKDAY EVENING, IF YOU DO NOT RECEIVE ONE, PLEASE LET ME KNOW, THANKS...