For Wednesday, July 31st

The September SP Futures

The main model is currently short the September contract as of July 25th from 1686.20...

For Wednesday, a close above 1689.10 would confirm a new main model buy signal...

The NT indicator continues to drift lower and is approaching over sold territory...

The following is the current downside VP list:

minor - - 1663.30

MAJOR - - 1651.30 and must close above that price on Friday, August 9th to confirm a new main model buy signal...

minor - - 1600.40

MAJOR - - 1565.20 and must close above that price on Thursday, September 12th to confirm a new main model buy signal...

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

The August Gold futures

The main model is still long gold from 1299.70...

A sell signal was triggered today, but it was not confirmed... apparently, the gold market is unsure of what it wants to do...

For Wednesday, a close below 1308.20 in the August gold contract would confirm a new main model sell signal...

The following are the daily upside VPs for August gold:

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long 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...

Announcement

Dear Subscribers,

As many of you already know, I will be traveling out of the country beginning October 1st and returning home or about October 30th...

I looked into how I could continue sending evening emails during my travels... even though I may have some Internet access on occasion, the time difference and my daily activity schedule makes it practically impossible for me to monitor these markets live and then also get out an email each evening...

So, here's what I will do... since I'm leaving on the 1st of October and will return home about the 30th of October, I will pause my emails for the entire month of October and resume again on Friday, November 1st and also extend your subscriptions for one full month to compensate for my one month's absence... as well, and in addition, I will also bring a gift back from my trip for each of you...

Here's the plan:

1) Again, for the full month of my absence, I will extend your subscriptions one full month and then resume on Friday, November 1st... this way, no subscription time would be lost... also,

Here's the gift:

2) As compensation for my month's absence, I will extend everyone's subscription for an additional two full weeks beyond your regularly scheduled subscription expiration date... this will be done for ALL subscribers regardless of the time period of your subscription, this means ALL subscriptions will be extended for the one month I'm traveling AND also two additional weeks beyond that...

Here are a few examples of how that gift extension would work:

For example, a subscription that would otherwise end on October 14th would then end on November 28th (that's one month PLUS two more weeks)...

Or, if your subscription ends on October 1st, then your subscription would end on November 15th...

Or, if your subscription expires, for example, on February 8th, 2014, then it would be extended to March 22nd, 2014, that's one month PLUS two more weeks... and so on...

BUT, you must have an active ongoing subscription with me as of October 1st... this means, those of you who have a weekly trial subscription (or monthly subscription) would also have an additional two weeks extended as a courtesy provided that you have an active subscription on October 1st...

Therefore, if you're subscription is due for renewal just before I'm scheduled to travel and you know your subscription would run into my travel time, then it would definitely be to your advantage and you would gain an additional two weeks by renewing before I leave even though the subscription period runs into my vacation time...

AN IMPORTANT NOTE: For some of you, your subscription is scheduled to expire at the end of September just prior to October 1st, so you may want to let me know in advance so I can arrange an earlier renewal invoice for you, this way you can benefit from the additional two week gift extension...

One other thing. during my absence, if your subscription is active and nearing expiration and you receive a renewal invoice during my absence, do nothing with it and just let it sit in your inbox until I return, we can deal with it then since you will have at least two additional weeks after I return to address that issue...

If you have any questions about any of this, then please just email me...

So many thanks for your generous understanding...

For Friday, July 26th

The September SP Futures

The main model is currently  short the September contract as of today from 1686.20, we were long from 1637.20, this translates into a $12,250.00 gain for each large SP contract...

For Friday, a close above 1693.60 would confirm a new main model buy signal...

The sell signal was confirmed today, but as I mentioned in one of my brief tutorials on the VP, if the market doesn't decline right away at a major VP, or declines and then quickly returns to it, then you can expect to see the main trend continue... this is one of those times when the market didn't sell off after reaching a major VP... this itself is significant, since the market should have reacted negatively... but, it didn't, therefore we can expect to see the rally resume soon enough unless we get an overnight negative surprise... although, there was a brief negative reaction and the NT indicator also verified that pending weakness, but the weakness didn't last more than a day or so, this is not bearish...

The NT indicator is no long overbought but no buy spike has formed...

The following is the current downside VP list:

minor - - 1663.30

MAJOR - - 1651.30 and must close above that price on Friday, August 9th to confirm a new main model buy signal...

The August Gold futures

The main model is still long gold from 1299.70... we had a rejected sell signal today... this can be construed as a strong indication that the gold market is ready to rally once again...

For Friday, a close below 1312.70 in the August gold contract will confirm a main model sell signal...

The following are the daily upside VPs for August gold:

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long 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...

For Thursday, July 25th

The September SP Futures

The main model is currently long the September contract from 1637.20...

For Thursday, a close below 1686.20 (this major VP is now revised upwards by .10 due to a rejected sell signal today) would confirm a new main model sell signal...

The NT indicator sell spike is more defined today... this doesn't mean the market must go down, just that the bias is to the downside for now...

The following is the current upside VP list:

MAJOR - - 1633.58 (already reached) and must close below that price on Monday, July 22nd to confirm a new main model sell signal...

minor - - 1656.00 (already reached)

MAJOR - - 1685.70 (already reached) and must close below that price on Monday, August 19th to confirm a new main model sell signal...

WARNING: MAJOR - - 1686.20 and must close below that price on Thursday, July 25th to confirm a new main model sell signal...

minor - - 1688.30 (already reached)

MAJOR - - 1696.80 and must close below that price on Tuesday, September 3rd to confirm a new main model sell signal...

MAJOR - - 1740.90 and must close below that price on Thursday, August 29th to confirm a new main model sell signal...

The August Gold futures

The main model is now long gold from 1299.70...

For Thursday, a close below 1319.50 in the August gold contract will confirm a main model sell signal...

The following are the daily upside VPs for August gold:

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long 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...

For Wednesday, July 24th

The September SP Futures

The main model is currently long the September contract from 1637.20... we closed today at 1689.40...

For Wednesday, a close below 1678.10 would confirm a new main model sell signal...

The NT indicator is again in overbought territory and gave a modest sell spike on today's close at a price that appears to be a simple double top pattern...


The following is the current upside VP list:

MAJOR - - 1633.58 (already reached) and must close below that price on Monday, July 22nd to confirm a new main model sell signal...

minor - - 1656.00 (already reached)

MAJOR - - 1685.70 (already reached) and must close below that price on Monday, August 19th to confirm a new main model sell signal...

WARNING: MAJOR - - 1686.10 and must close below that price on Thursday, July 25th to confirm a new main model sell signal...

minor - - 1688.30 (already reached)

MAJOR - - 1696.80 and must close below that price on Tuesday, September 3rd to confirm a new main model sell signal...

MAJOR - - 1740.90 and must close below that price on Thursday, August 29th to confirm a new main model sell signal...

The August Gold futures

The main model is now long gold from 1299.70...

For Wednesday, a close below 1275.60 in the August gold contract will confirm a main model sell signal...

The following are the daily upside VPs for August gold:

minor - - 1414.00

minor - - 1441.90

MAJOR - - 1502.20 and must close below that price on Friday, November 29th to confirm a new main model sell signal...

MAJOR - - 1544.90 and must close below that price on Monday, December 16th to confirm a new main model sell signal...

As for now, the main model remains long 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...

For Monday, July 22nd

The September SP Futures

The main model is currently long the September contract from 1637.20...

For MONDAY, a close below 1669.80 would confirm a new main model sell signal...

Just as yesterday, the NT Indicator is still inching higher and has definitely given a successful buy spike the other day, this market has done nothing but move higher in compliance with the main model signal which is also still long...

Just a quick word here on the NT Indicator... it's exactly that, a near term indicator, it's not a buy or sell signal indicating a change in market trend... only the main model signal can do that... the NT spikes are good for the next morning, or the next whole day, or maybe for two days, but it is not in conflict at all with the main model signals...

In the past two days, we've witnessed a nice 17 SP point pull back from the major VP... then, the market rallied right back up to that level again today... this is typically bullish... remember, if the market revisits the major VP, then the trend is more likely to continue provided the market doesn't trigger and confirm a new reversing signal...

The following is the current upside VP list:

MAJOR - - 1633.58 (already reached) and must close below that price on Monday, July 22nd to confirm a new main model sell signal...

minor - - 1656.00 (already reached)

MAJOR - - 1685.70 (already reached) and must close below that price on Monday, August 19th to confirm a new main model sell signal...

minor - - 1688.30 (already reached)

MAJOR - - 1696.80 and must close below that price on Tuesday, September 3rd to confirm a new main model sell signal...

MAJOR - - 1740.90 and must close below that price on Thursday, August 29th to confirm a new main model sell signal...

The August Gold futures

The main model is now short gold from 1275.60...

For Monday, a close above 1299.70 (same price) in the August gold contract will confirm a main model buy signal...

It appears that there has been no downside follow through in gold since the sell signal confirmation... maybe Monday, or we'll soon see a new buy signal this coming week...

The following are the daily downside VPs for August gold:

minor - - 1239.50

minor - - 1170.70

MAJOR - - 1160.80 and must close above that price on Tuesday, September 17th to confirm a new main model buy signal...

MAJOR - - 1119.80 and must close above that price on Tuesday, October 1st 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...