For Tuesday, December 31st

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 1835.20... this is still above both major upside VPs...

A quick peek at today's NT indicator show that the Indicator has now given a sell spike and has moved back below that long term overhead resistance line...  this doesn't automatically mean this market must move lower now, it's still hovering well above the two major VPs, this is still very bullish, so far that is...



For Tuesday, a close below 1829.60 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 1195.40... 

For Tuesday, a close above 1217.30 in the February gold contract would confirm a new main model buy signal...

 

 

 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

MAJOR - - 1182.50 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...




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For Monday, December 30th

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 1836.50... this is above both major upside VPs...

This market is well above both major VPs, and has been hovering above them now for two full days... very typically, we would see a sell off from this price zone, but this has not happened yet... it may not, this market is showing some serious strength...

But still, take a look at the NT Indicator directly below... this market has not been this over bought in more than 16 months... this Indicator is above the overhead trend line of the two previous highest highs... this is a rare event...

For Monday, a close below 1829.60 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 long February gold from 1205.60 as of Thursday, December 26th...

For the February gold futures, the last trade as of this writing is at 1213.40...

For Monday, a close below 1210.70 in the February gold contract would confirm a new main model sell signal...

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

minor - - 1257.40

minor - - 1272.90

MAJOR - - 1284.70 and must close below that price on Thursday, February 6th to confirm a new main model sell signal...

MAJOR - - 1307.90 and must close below that price on Wednesday, February 12th 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...

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For Friday, December 27th

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 1836.50... this is above both major upside VPs...

This market has now reached and exceeded both major overhead VPs, a sell off between 10 to 30 points from here is likely although this market seems very stubborn... if this market, in fact, does not sell off at these major VP points, then this has to be construed as very bullish... how the market behaves when in the vicinity of a major VP is very important to observe... in this case, the market is telling us that it does not want to back off, but we'll see what it does tomorrow...

Also, the NT Indicator continues moving higher into overbought territory, although no sell spike is given today... you can see from the NT and chart below that the market has broken out higher above the wedge pattern while the NT Indicator is up against some overhead resistance line... this should make tomorrow interesting, but this market seems to be telling everyone it only wants to continue higher...

For Friday, a close below 1821.00 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 Monday, December 30th 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 long February gold from 1205.60 as of today, Thursday, December 26th...

For the February gold futures, the last trade as of this writing is at 1210.70...

For Friday, a close below 1210.70 (this is not a typo) in the February gold contract would confirm a new main model sell signal... apparently, the main model is not impressed with the long side here...

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

minor - - 1257.40

minor - - 1272.90

MAJOR - - 1284.70 and must close below that price on Thursday, February 6th to confirm a new main model sell signal...

MAJOR - - 1307.90 and must close below that price on Wednesday, February 12th 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, December 26th

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 1829.30... this is above the first major upside VP...

The markets are closed tomorrow for the Christmas Holiday...

This market has now reached the first of two major overhead VPs, expect a likely sell off from here...

Also, directly below is the NT Indicator as of today's close... you can see that this market broke out higher above the previous wedge pattern, but is now up against the ceiling of the next higher wedge pattern... at the same time, this market is currently at both major upside VP points, so one should expect to see some selling within the next few days... unless, of course, this market simply explodes higher and blows right through the roof of this wedge pattern...

For Thursday, a close below 1821.00 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 Monday, December 30th to confirm a new main model sell signal...

MAJOR - - 1831.90 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 short February gold at 1219.30 as of Wednesday, December 18th...

For the February gold futures, the last trade as of this writing is at 1204.40...

For Thursday, a close above 1205.60 in the February gold contract would confirm a new main model buy signal...

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

minor - - 1216.50 (already reached)

minor - - 1206.80 (already reached)

minor - - 1206.00 (already reached)

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

MAJOR - - 1182.50 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...

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, December 24th

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 1821.70...

Yesterday's NT sell spike is gone, but the indicator now continues to move higher into overbought territory... be sure to take notice of the overhead VP prices...

For Tuesday, a close below 1817.10 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 and must close below that price on Monday, December 30th to confirm a new main model sell signal...

MAJOR - - 1831.90 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 short February gold at 1219.30 as of Wednesday, December 18th...

For the February gold futures, the last trade as of this writing is at 1197.80...

A buy signal was triggered today, but the signal clearly was not confirmed...

For Tuesday, a close above 1205.60 in the February gold contract would confirm a new main model buy signal...

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

minor - - 1216.50 (already reached)

minor - - 1206.80 (already reached)

minor - - 1206.00 (already reached)

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

MAJOR - - 1182.50 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...

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, December 23rd

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 1814.00...

The NT Indicator has given a sell spike today, so we can expect possibly some selling for Monday, see below...

For Monday, a close below 1756.20 in the March contract would confirm a new main model sell signal...

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

minor - - 1806.80 (already reached)

minor - - 1809.40 (already reached)

MAJOR - - 1828.90 and must close below that price on Monday, December 30th to confirm a new main model sell signal...

MAJOR - - 1831.90 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 short February gold at 1219.30 as of Wednesday, December 18th...

For the February gold futures, the last trade as of this writing is at 1200.80...

For Monday, a close above 1203.70 in the February gold contract would confirm a new main model buy signal...

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

minor - - 1216.50 (already reached)

minor - - 1206.80 (already reached)

minor - - 1206.00 (already reached)

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

MAJOR - - 1182.50 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...

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, December 20th

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 1802.20...

The NT sell spike continues higher today moving into overbought territory...

For Friday, a close below 1755.50 in the March contract would confirm a new main model sell signal...

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

minor - - 1806.80

minor - - 1809.40

MAJOR - - 1828.90 and must close below that price on Monday, December 30th to confirm a new main model sell signal...

MAJOR - - 1831.90 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 short February gold at 1219.30 as of Wednesday, December 18th...

For the February gold futures, the last trade as of this writing is at 1189.90...

For Friday, a close above 1252.40 in the February gold contract would confirm a new main model buy signal...

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

minor - - 1216.50 (already reached)

minor - - 1206.80 (already reached)

minor - - 1206.00

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

MAJOR - - 1182.50 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...

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, December 19th

The March SP futures

Our initial short position was at 1803.00 on Wednesday, December 11th... we then reversed at 1777.00 only to re-short at 1777.00 the very next day... this time, the buy signal held...

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 1805.00...

The NT sell spike continues higher today moving into overbought territory...

For Thursday, a close below 1755.00 in the March contract would confirm a new main model sell signal...

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

minor - - 1806.80

minor - - 1809.40

MAJOR - - 1828.90 and must close below that price on Monday, December 30th to confirm a new main model sell signal...

MAJOR - - 1831.90 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

A new sell signal was confirmed for gold today...

The main model is short February gold at 1219.30 as of Wednesday, December 18th...

For the February gold futures, the last trade as of this writing is at 1217.40...

For Thursday, a close above 1252.40 in the February gold contract would confirm a new main model buy signal...

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

minor - - 1216.50

minor - - 1206.80

minor - - 1206.00

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

MAJOR - - 1182.50 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...

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, December 18th

The March SP futures

What a difference a day makes... no upside follow through as of yesterday's buy confirmation...

The main model is now short the March SP at 1777.00 as of Tuesday, December 17th...

For the March SP futures, the last trade as of this writing is at 1773.20...

The NT sell spike continues higher today and is rapidly entering no man's land just south of the overbought territories...

For Wednesday, a close above 1785.50 in the March contract would confirm a new main model buy signal...

The following are the current downside VPs for the March SP, there are lots of them, some of these major VP prices and due dates appear to conflict, but one or the other will likely be eliminated before then...

minor - - 1769.20

minor - - 1765.50

minor - - 1763.90

MAJOR - - 1756.00 and must close above that price on Monday, December 30th to confirm a new main model buy signal...

MAJOR - - 1755.50 and must close above that price on Monday, December 30th to confirm a new main model buy signal...

MAJOR - - 1748.00 and must close above that price on Tuesday, December 24th to confirm a new main model buy signal...

minor -- 1744.60

minor -- 1729.80

MAJOR - - 1719.80 and must close above that price on Wednesday, January 1st to confirm a new main model buy signal...

MAJOR - - 1698.40 and must close above that price on Wednesday, January 8th to confirm a new main model buy signal...

minor -- 1625.70

MAJOR -- 1547.50 and must close above that price on Wednesday, February 26th to confirm a new main model buy signal...

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

The February Gold futures

The main model is long February gold at 1238.10 as of Monday, December 16th...

For the February gold futures, the last trade as of this writing is at 1230.30...

For Wednesday, a close below 1219.30 in the February gold contract would confirm a new main model sell signal...

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

minor - - 1269.90

MAJOR - - 1291.50 and must close below that price on Thursday, January 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 Tuesday, December 17th

Before we get to tonight's update, I want to address a question that I'm often asked...

Question:

What's the best way to enter the trade when a new buy or sell signal is triggered?

Answer:

One way to enter a new signal trade is to take only 1/3 position only after the market trades through the confirmation price by a few points... then let the market do what it does all day... then, late in the day, if the market is still confirming the signal, then add the second 1/3 position... and then, on the close take the final 1/3... your average will be above (or below) the confirmation price but the whips will be significantly reduced... I do that myself very often...

Another way to enter a new position is to wait for the actual confirmation on the close, and then take the new position...

Now, to this evening's briefing...

The March SP futures

We're now using the March 2014 contract for the front month...

Per this morning SP update, the main model is now long the March SP at 1777.00 as of Monday, December 16th...

For the March SP futures, the last trade as of this writing is at 1780.50...

The NT sell spike has also given a buy spike on today's close... as you can see from the illustration below, the Indicator has moved very close to a major support line and the chart below the Indicator shows that the market broke out of a wedge pattern and it now appears to have retested that break out line successfully... barring any incredible surprises, this market should now continue its rally...

For Tuesday, a close below 1777.00 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

minor - - 1809.40

MAJOR - - 1828.60 and must close below that price on Thursday, January 16th to confirm a new main model sell signal...

MAJOR - - 1831.60 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 long February gold at 1238.10 as of Monday, December 16th...

For the February gold futures, the last trade as of this writing is at 1240.20...

For Tuesday, a close below 1219.20 in the February gold contract would confirm a new main model sell signal...

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

minor - - 1269.90

MAJOR - - 1291.50 and must close below that price on Thursday, January 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...