For Friday, November 29th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1806.00...

All U.S. markets are close tomorrow for Thanksgiving Holiday, therefore there will be no evening briefing email for tomorrow...

For Friday, a close below 1781.90 in the December contract would confirm a new main model sell signal...

Today, we saw some selling as a result of yesterday's mentioned NT sell spike, however the selling was minimal and the main model remains long...

The following are the current upside VPs for the December SP:

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

MINOR - - 1801.00 (already reached)

MAJOR - - 1811.70 and must close below that price on Friday, December 6th to confirm a new main model sell signal...

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

The December Gold futures

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For the December gold futures, the last trade as of this writing is at 1237.70...

This morning's gold market update lowered the buy confirmation price to 1258.20, but the market was still not able to close above that level...

For Friday, a close above 1258.60 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1257.60

MAJOR - - 1243.90 (already reached) and must close above that price on Monday, December 9th to confirm a new main model buy signal...

minor - - 1242.30 (already reached)

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Wednesday, November 27th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1803.00...

For Wednesday, a close below 1778.20 in the December contract would confirm a new main model sell signal...

The NT Indicator has triggered a sell spike as of today... so, some selling could enter this market near term, however the main model is still long...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 (already reached) and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

MINOR - - 1801.00 (already reached)

MAJOR - - 1811.70 and must close below that price on Friday, December 6th to confirm a new main model sell signal...

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

The December Gold futures

For the December gold futures, the last trade as of this writing is at 1241.50...

So far, the rally from the major VP has not been impressive, there was no follow through despite the already expected bounce... if there is no further upside follow through, then we should expect to see new lows for this downside move...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Wednesday, a close above 1258.20 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1257.60

MAJOR - - 1243.90 (already reached) and must close above that price on Monday, December 9th to confirm a new main model buy signal...

minor - - 1242.30 (already reached)

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Tuesday, November 26th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1801.40...

For Tuesday, a close below 1776.80 in the December contract would confirm a new main model sell signal...

The NT indicator issued a clear buy spike on Friday's close and today we had a rally of sorts, but it didn't into the close... the NT Indicator is now pointing slightly lower, a sort of mini sell spike... today, this market tried to break above the long term major overhead resistance line, it could still break out in the coming days, but for now this market hasn't done it... notice today's tail poking above that line and then closing below it...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 (already reached) and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

TWO NEW VP PRICES TODAY

MINOR - - 1801.00

MAJOR - - 1811.70 and must close below that price on Friday, December 6th to confirm a new main model sell signal...

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

The December Gold futures

For the December gold futures, the last trade as of this writing is at 1254.90...

After reaching a major downside VP yesterday, the rally in gold has still not been impressive, although today we did see a long downside tail and a respectable 30 dollar recovery from the low made earlier this morning... a reversal of sorts??? We could still see a rally from this major downside VP, it appears this major downside VP of 1243.90 may begin to work its magic on this market yet... we'll know more tomorrow...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Tuesday, a close above 1290.60 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1257.60

MAJOR - - 1243.90 (already reached) and must close above that price on Monday, December 9th to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Monday, November 25th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1802.50... a new all time high close...

For Monday, a close below 1760.00 in the December contract would confirm a new main model sell signal... yes, the sell confirmation price has been lowered significantly...

The NT indicator has issued a clear buy spike as of today... you may recall, yesterday I said the NT is getting ready for a buy spike within a day or two, well here we are... see directly below... notice, the market is right up against a major overhead line, although it seems this market is now poised to blow right through it... or so it appears...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

For the December gold futures, the last trade as of this writing is at 1242.70...

After reaching a major downside VP yesterday, a one dollar rally today is not what I would call impressive... a weak rally from a major downside VP suggests further selling ahead... so, let's see what Monday brings...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Monday, a close above 1290.50 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1257.60

MAJOR - - 1243.90 and must close above that price on Monday, December 9th to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Friday, November, 22nd

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1792.70...

For Friday, a close below 1769.80 in the December contract would confirm a new main model sell signal...

It seems, this market doesn’t want to go lower, every decline is almost immediately met with aggressive buying…

The NT indicator is still drifting lower, but is now beginning to move into neutral territory and well on its way into over sold territory once again, another day or two of this kind of action and the NT would be ready for yet another buy spike...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

For the December gold futures, the last trade as of this writing is at 1241.70...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

Today, the gold market reached the newly added downside major VP of 1243.90 and close one dollar below it… let’s see if we do get that expected rally from this major VP…

For Friday, a close above 1291.70 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1257.60

MAJOR - - 1243.90 and must close above that price on Monday, December 9th to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Thursday, November 21st

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1780.70...

Per the NT sell spike and the major VP, it looks like yesterday's suggestion of a light short was the right thing to do after all...

For Thursday, a close below 1768.10 in the December contract would confirm a new main model sell signal...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

For the December gold futures, the last trade as of this writing is at 1244.60...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Thursday, a close above 1292.60 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1257.60 ADDED TODAY

MAJOR - - 1243.90 ADDED TODAY and must close above that price on Monday, December 9th to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Wednesday, November 20th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

For the December SP futures, the last trade as of this writing is at 1784.60...

With the NT Indicator sell spike still intact and the market selling off at the highest major VP, aggressive traders could probably take a light short position here...

For Wednesday, a close below 1749.00 in the December contract would confirm a new main model sell signal...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

For the December gold futures, the last trade as of this writing is at 1273.00...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Wednesday, a close above 1293.90 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Tuesday, November 19th

A BRIEF TUTORIAL ON THE BEST WAY TO USE THE NEAR TERM (NT) INDICATOR BUY AND SELL SPIKES...

Some people have asked me to provide a simple explanation on the best way to use the near term (NT) signal in conjunction with the main model signals... so, here's how, it's really very simple...

The best and safest time to take a NT sell signal is when the main model has been on a buy signal for some time and the market has rallied and is fast approaching or has already reached an overhead VP price, then a near term (NT) indicator sell signal would let me know that the market is likely to sell off from that particular VP...

Since the market is already vulnerable to a sell off at a VP price, the NT signal provides that much greater certainly for the trade... the actual sell off may be modest or it may be a market top of some significance, there's no way to know that until the market itself tells us... but clearly, to use the NT sell signal at any other time is much more risky and is not worth the trade unless you feel you want to be aggressive and believe you're nimble enough to exit a bad trade if the market doesn't respond as expected...

Of course, the same would be true with a NT buy signal when the market has already declined on a confirmed model sell signal and the price has already entered the vicinity of the downside VP...

Otherwise, any other trades based on the NT signals without the market in the vicinity of an upside or downside VP is far more risky...

Today, we have a clear NT sell spike which occurred right at the major upside VP, so we could expect some possible selling from this level... below are some broad charts showing the NT Indicator and the SP daily futures chart over the past few years... notice the broad channel within which this market has been trading... also notice that today the market touched the top of this broad trading channel... along with an NT sell spike occurring at a major upside VP suggests we may actually be looking at a serious top of some sort... but, then again, it looks that way today...

Directly below is the same daily price chart seen a little bigger...

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

Today, the December futures SP closed at 1788.60,below the major VP...

For Tuesday, a close below 1746.40 in the December contract would confirm a new main model sell signal...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

Today, the December gold futures settled in the late afternoon at 1273.80...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Tuesday, a close above 1293.80 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Monday, November 18th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

Today, the December futures SP closed at 1793.60, right on the major VP... interesting...

Here's a weekly continuation chart of the SP futures market... it appears as if these markets are only first breaking out higher from here... we could possibly be entering the euphoria phase, who knows, but for whatever reason, we could still be a long ways away from any legitimate major top... either way, here's the chart directly below...

Below is a broader view of the NT Indicator... you can see where it is as of today's close...

For Monday, a close below 1744.10 in the December contract would confirm a new main model sell signal...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached)

minor - - 1777.10 (already reached)

MAJOR - - 1791.80 (already reached) and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 (already reached) and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

Today, the December gold futures settled in the late afternoon at 1289.20...

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

While the main model is still short the gold market, here's the gold weekly chart, it looks like it's basing right here and also forming a bullish wedge... using the 65% rule, I would suspect that gold is about to break out of that wedge and move considerably higher from its current levels... a measured move would take it back up to somewhere just above 1620ish or so... the 65% rule states that a chart pattern inside a wedge typically breaks out of that wedge about 65% through that wedge pattern... from the chart below, we can see that the gold market is already beyond that 65% point and is therefore likely to break out sooner than later, and probably higher from here...

For Monday, a close above 1294.00 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 (already reached) and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th 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...

For Friday, November 15th

The December SP futures

The main model is currently long as of November 13th at 1770.60 on a confirmed buy signal...

The buy signal confirmed yesterday was a classic, that is, the market hesitated all day near the confirmation price, and then late in the day it exploded through it...

Today, the NT Indicator has moved deep into over bought territory and has also beginning to form a sell spike as we approach the major VP vicinity, see directly below...

For Friday, a close below 1742.20 in the December contract would confirm a new main model sell signal...

The following are the current upside VPs for the December SP:

MAJOR - - 1770.20 and must close below that price on Wednesday, November 27th to confirm a new main model sell signal...

minor - - 1774.50 (already reached today)

minor - - 1777.10 (already reached today)

MAJOR - - 1791.80 and must close below that price on Thursday, November 28th to confirm a new main model sell signal... realizing the markets are closed that day, but this is the date and price the main model has generated for us...

MAJOR - - 1793.60 and must close below that price on Monday, December 9th to confirm a new main model sell signal...

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

The December Gold futures

The main model is currently short gold from 1334.50 as of Wednesday, October 30th…

For Friday, a close above 1316.80 in the December gold contract would confirm a new main model buy signal...

The following are the current downside VPs for December gold:

minor - - 1306.60 (already reached)

MAJOR - - 1283.50 and must close above that price on Tuesday, December 3rd to confirm a new main model buy signal...

minor - - 1242.30

MAJOR - - 1195.90 and must close above that price on Thursday, January 9th to confirm a new main model buy signal...

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

PLEASE NOTE: THE SUBSCRIPTION CLOCK RESUMES TODAY FOR THOSE WHO RECEIVED THE OCTOBER ONE MONTH PLUS TWO WEEK BONUS...

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...