For Tuesday, September 2nd

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now short the September SP from 1997.90 as of Wednesday, August 27th...

This market is having a difficult time trading lower... it's also having a difficult time trading higher... although the main model is currently short this market, there are already generated overhead VP points that are holding this market down... there's a minor VP currently waiting at 2004.60 and a major VP now sitting at 2010.80 with a due date of Monday, September 8th... apparently, there will possibly be a struggle as this market moves higher unless it could overcome these nearby overhead VP points...

I understand the markets are closed on Monday to observe Labor Day...

For Tuesday, a close above 2002.70 in the September SP futures would confirm a new main model buy signal...

The NT (Near Term) indicator (the red line)

Despite the fact that the market was higher today, the NT indicator continues lower...

image

The LT (Long Term) indicator

The purple line continues down below the red line, the blue line is hesitating... we'll see what happens on Tuesday...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

The following are the current downside VPs for the SEPTEMBER SP...

minor - - 1932.80

MAJOR - - 1905.00 and must close above that price on Tuesday, October 7th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1828.60

The December Gold futures

The main model is now long the December gold from 1288.20 as of Thursday, August 28th...

For the December gold futures, the last trade as of this writing is at 1288.10...

For Tuesday, a close below 1282.80 in the DECEMBER gold futures contract would confirm a new main model sell signal...

The LT (Long Term) Indicator

Today, we see both the blue and purple lines stall and turn slightly lower... the red line is still pointing lower...

image (3)
image (4)

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

minor - - 1328.20

MAJOR - - 1350.00 and must close below that price on Thursday, September 18th to confirm a new main model sell signal...

minor - - 1354.20

MAJOR - - 1394.30 and must close below that price on Tuesday, September 23rd to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 1421.80

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price... also, use only the large contract for all official main model signals, the mini contract will give you false signals...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 29th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

Today, below the gold LT graph you will find three interesting weekly bar charts for the gold futures market, the GDX ETF, and the silver futures market respectively...

The main model is now short the September SP from 1997.90 as of Wednesday, August 27th...

For the September SP futures, the last trade as of this writing is at 1996.90... this market has not budged lower since yesterday's confirmation... this is not weakness, a return to the VP within a day or two suggests the rally is not yet over, this is a standard rule, please refer to the VP section in the tutorial at the bottom of this email to refresh... but we'll see what happens tomorrow...

Here it is in copy and paste:

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

For Friday, a close above 2002.50 in the September SP futures would confirm a new main model buy signal... today was the deadline due date for this major VP... and the market closed below it, therefore, the main model is short and has already been short since yesterday... however, if this market does not go down but turns back above the VP within a day or two, then the main model will not let you stay short and a new main model buy signal would be triggered...

The NT (Near Term) indicator (the red line)

The NT continues lower, but seems to be curving a bit...

image

The LT (Long Term) indicator

The blue and purple lines are moving lower and the purple has clearly crossed below the red line, however the red line is still moving higher...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

The following are the current downside VPs for the SEPTEMBER SP...

minor - - 1932.80

MAJOR - - 1905.00 and must close above that price on Tuesday, October 7th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1828.60

The December Gold futures

The main model is now long the December gold from 1288.20 as of Thursday, August 28th...

For the December gold futures, the last trade as of this writing is at 1290.20...

For Friday, a close below 1280.80 in the DECEMBER gold futures contract would confirm a new main model sell signal...

The LT (Long Term) Indicator

The purple line has already crossed above the red line, today the blue line has the exact same value of .32 as the red line... any continued rally tomorrow will take the blue line above the red line... with both lines above the red line, we could possibly look for a more serious rally... check out the three weekly charts directly below this gold LT presentation...

image (3)
image (4)

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

minor - - 1328.20

MAJOR - - 1350.00 and must close below that price on Thursday, September 18th to confirm a new main model sell signal...

minor - - 1354.20

MAJOR - - 1394.30 and must close below that price on Tuesday, September 23rd to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 1421.80

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

Okay, here are a few weekly charts worth considering today...

The first chart is a weekly bar chart of the gold futures market going back five years... you can see how the market is currently inside a wedge pattern, but has already broken out higher from the previous down trend line going back to late 2012... this looks bullish...

unnamed

This second chart is a weekly bar chart of GDX, a gold miners ETF... we can see the same kind of pattern, but this chart show that GDX has already broken out of the wedge earlier and has little in the way of overhead resistance...

unnamed (1)

This is the weekly bar chart for the SLV ETF market instrument... here, we can see a similar break out pattern as we saw in the GDX ETF instrument and gold futures markets...

Of course, no guarantees, but these charts do suggest that the metals markets have actually made a significant low of sorts and may well be primed for a seasonal rally from now into year's end...

unnamed (2)

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price... also, use only the large contract for all official main model signals, the mini contract will give you false signals...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 28th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now short the September SP from 1997.90 as of Wednesday, August 27th...

For the September SP futures, the last trade as of this writing is at 1997.10... this is not much weakness, but we'll see what happens tomorrow...

For Thursday, a close above 1997.90 in the September SP futures would confirm a new main model buy signal... tomorrow is the deadline due date for this major VP... therefore, a close above that price tomorrow and the main model will once again be long, the rule is a rapid return to this VP and a continued rally is not to be ignored, this is a standing rule... obviously, this is a very stubborn market, but if it does not go down tomorrow, then the main model will not let you stay short...

The NT (Near Term) indicator (the red line)

The NT sell spike continues lower...

image

The LT (Long Term) indicator

The blue and purple lines spiking lower, and the purple line has actually crossed below the red line today... maybe tomorrow we'll be in for a pleasant surprise...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

The following are the current downside VPs for the SEPTEMBER SP...

minor - - 1932.80

MAJOR - - 1905.00 and must close above that price on Tuesday, October 7th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1828.60

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1284.00...

The gold market is holding nicely above the initial major VP...

For Thursday, a close above 1288.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

Today, the purple line is just touching the red line... any higher follow through tomorrow and we'll see it cross above the red line along with a continue buy spike... there may be hope yet for this market, hope springs eternal as they say...

image (3)
image (4)

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

minor - - 1278.70 (already reached)

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price... also, use only the large contract for all official main model signals, the mini contract will give you false signals...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 27th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1998.60...

For Wednesday, a close below 1997.90 in the September SP futures would confirm a new main model sell signal... tomorrow is August 27th, one day before the deadline due date for the major VP 1997.90... time and price have only one more day to intersect, and this market is already hanging around at that deadline due date major Vertical Price... what a beautiful thing...

The NT (Near Term) indicator (the red line)

Yesterday, I said, "Based on the dynamics of the NT formula and the current market action, there's a high likelihood that we'll see a legitimate and solid NT sell spike tomorrow."

Well, today we have that legitimate sell spike... this market is very stubborn, so we'll see what it does tomorrow...

image

The LT (Long Term) indicator

Down turn in the purple, up turn in the blue... this market is close to triggering a main model sell signal, so let's see if it happens tomorrow or if this market begins another lurch higher from here...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50 (already reached)

MAJOR - - 1997.90 and must close below that price on Thursday, August 28th to confirm a new main model sell signal... (already reached)

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1282.80...

Clearly, the rally off the initial minor VP at 1278.70 was less than impressive and certainly not enough to buy this market, although the gold miners do look more promising, especially the GDX...

For Wednesday, a close above 1306.60 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

Today, we have decent buy spikes in both the blue and purple lines... another good upside follow through tomorrow and we could see the purple cross above the red line... let's see what happens tomorrow...

image (3)
image (4)

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

minor - - 1278.70 (already reached)

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price... also, use only the large contract for all official main model signals, the mini contract will give you false signals...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 26th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1994.60...

Today, we saw the market rally above the 1991.50 minor VP and also above the major VP at 1997.90 only to close below that higher major VP... this is considered weakness for now... the deadline due date for this major VP at 1997.90 is this Thursday, August 28th... therefore, this market needs to continue higher from here or a main model sell signal will likely be triggered and confirmed...

For Tuesday, a close below 1991.50 in the September SP futures would confirm a new main model sell signal...

The NT (Near Term) indicator (the red line)

A minimal uptick in the NT today, but occurring in the already overbought zone is not that bullish... based on the dynamics of the NT formula and the current market action, there's a high likelihood that we'll see a legitimate and solid NT sell spike tomorrow...

image

The LT (Long Term) indicator

The LT also gives us a minimal buy spike today, but it occurs deep in the overbought zone, this is not considered seriously bullish... the only positive component in this LT graph is the red line which is still moving higher...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50 (already reached)

MAJOR - - 1997.90 and must close below that price on Thursday, August 28th to confirm a new main model sell signal... (already reached)

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1276.20...

Well, the rally off the initial minor VP at 1278.70 was less than impressive and certainly not enough to buy this market yet... it appears this market still wants to go lower from here...

For Tusaday, a close above 1306.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

Everything is still pointing south... not bullish for now...

image (3)
image (4)

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

minor - - 1278.70 (already reached)

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price... also, use only the large contract for all official main model signals, the mini contract will give you false signals...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 25th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1987.10...

The minor VP at 1991.50 is working its magic on this powerful bull market, it's holding back all buying right at that VP price... imagine that... like a red traffic light in the middle of nowhere stopping the onrush of buying... a tiny little minor VP holding back this entire raging bull market for two full days... LOL!!!

Okay, anyhow, let's get serious... even though the market hadn't yet moved above this VP, it seems to be holding near this level without much of a sell off... after two full days of this sort of holding action, I'm getting the impression that this market is only going to move higher and head for the next major overhead VP at 2032.70... time will tell...

For Monday, a close below 1960.40 in the September SP futures would confirm a new main model sell signal...

AND ALSO ONCE AGAIN FOR MONDAY:

HOWEVER, IF THE MARKET TRADES ABOVE 1991.50 AT ANY TIME MONDAY OR SUNDAY EVENING, THEN A CLOSE ON MONDAY BELOW 1991.50 WOULD CONFIRM A NEW MAIN MODEL SELL SIGNAL...

An aggressive trade could attempt a short position here now, but it would still not be an official short position...

The NT (Near Term) indicator (the red line)

Goodness, as if you didn't already know, we have a sell spike today in the NT indicator occurring in overbought territory, this looks real...

image

The LT (Long Term) indicator

Sell spike in both the blue and purple lines...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

The following are the current upside VPs for the SEPTEMBER SP... a new major VP is added today...

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50 (already reached)

NEW MAJOR - - 1997.90 and must close below that price on Thursday, August 28th to confirm a new main model sell signal...

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1281.30...

We did see the well anticipated rally today, but not yet an impressive one... let's see what happens on Monday...

For Monday, a close above 1306.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

A minor type buy spike today, let's see what happens on Monday with this market, it looks over sold, but it still looks toppy...

image (3)
image (4)

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

minor - - 1278.70 (already reached)

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price... also, use only the large contract for all official main model signals, the mini contract will give you false signals...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 22nd

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1989.40...

If the market traded above 1991.50 and then closed below it today, then we would now be short... BUT, the high of the day is exactly 1991.50 and not one tick above it, so the main model remains long this market...

For Friday, a close below 1960.40 in the September SP futures would confirm a new main model sell signal...

PLEASE NOTE ONCE AGAIN FOR FRIDAY:

HOWEVER, IF THE MARKET TRADES ABOVE 1991.50 AT ANY TIME TOMORROW OR THIS EVENING, THEN A CLOSE TOMORROW BELOW 1991.50 WOULD CONFIRM A NEW MAIN MODEL SELL SIGNAL...

The NT (Near Term) indicator (the red line)

We see the NT indicator now in the overbought zone, but no sell spike yet...

securedownload

The LT (Long Term) indicator

We can see the purple line move ever closer to that overhead pencil line... in fact, that purple line began to tip over today while the blue line remains firm... a caution flag...

securedownload (1)
securedownload (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50 (already reached)

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1278.50...

Today, the gold market did reach below the initial downside minor VP and held... expect a possible rally tomorrow, and then we'll see how that rally holds or if this market will return to this VP and continue lower...

This is taken directly from the tutorial below regarding the above mentioned comment...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

For Friday, a close above 1306.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

This LT graph still looks toppy... despite a possible rally for tomorrow after reaching the initial downside minor VP, the main model remains short this market for now...

securedownload (3)
securedownload (4)

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

minor - - 1278.70 (already reached)

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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 August 21st

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

Today, below the gold LT graph you'll see an LT graph for the ratio between the U.S. Dollar and Gold...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1983.40...

For Thursday, a close below 1960.40 in the September SP futures would confirm a new main model sell signal...

PLEASE NOTE:

HOWEVER, IF THE MARKET TRADES ABOVE 1991.50 AT ANY TIME TOMORROW OR THIS EVENING, THEN A CLOSE TOMORROW BELOW 1991.50 WOULD CONFIRM A NEW MAIN MODEL SELL SIGNAL...

The NT (Near Term) indicator (the red line)

We can see that the NT indicator is nearing an overbought level... just in time as it approached the major upside VP at 1991.50...

image

The LT (Long Term) indicator

We can see the purple line continue its way towards that overhead pencil line... for tomorrow, it would take a traded price of 1994.00 for the purple line to cross that pencil line...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1292.00...

We did see some further downside follow through today...

For Thursday, a close above 1306.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

At this point, everything is pointing lower...

image (3)
image (4)

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

minor - - 1278.70

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

The LT Graph showing the ratio between the U.S. Dollar and Gold

I wanted you to see this LT graph today because the green price line which represents the dollar/gold ratio has broken out of the wedge today... ever so slightly, but it has... and all the key lines are pointing higher... this suggests that the U.S. Dollar is now poised for a rally higher, and possibly more than just a brief rally... a measured move based on this wedge would take the dollar to the recent high just below .1900 as seen on the left side of this graph...

image (5)
image (6)

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 20th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1977.40...

For Wednesday, a close below 1960.40 in the September SP futures would confirm a new main model sell signal...

The NT (Near Term) indicator (the red line)

The NT line was much higher most of the day, but it backed down somewhat into the final few minutes of trading... either way, there seems to be room overhead for further rallying... keep your eye on the overhead VP points, still some distance away...

image

The LT (Long Term) indicator

You can see an overhead line drawn across the two previous highest purple peaks, see below... for the sake of peeking ahead into tomorrow, it would take a close of 1988.00 for the purple line to touch that overhead line, this is not far below the nearest minor VP of 1991.50... this rally looks strong, but it may be nearing an inflection point...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

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

Directly below is a close up view of the cash NASDAQ Index as of today... if you can squint hard enough, you might just see the overhead red line moving across today's high... just thought it would be interesting to point out here... will that market jump over that red line tomorrow or will it pull back from here???

unnamed

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1296.60...

We did see some further downside follow through today...

For Wednesday, a close above 1306.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

This LT graph looks poised for a serious downside move from here... we'll see if that happens...

image (3)
image (4)

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

minor - - 1278.70

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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, August 19th

The September SP Futures

A BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS can be found at the bottom of every email briefing for your easy quick reference and convenience...

PLEASE TAKE THE TIME TO REVIEW THE TUTORIAL EVERY NOW AND THEN, THESE ARE THE NAVIGATIONAL TOOLS NEEDED TO MANEUVER SAFELY THROUGH THESE MARKETS, A GOOD WORKING KNOWLEDGE OF THESE TOOLS WILL MAKE YOU A BETTER AND MORE INFORMED INVESTOR/TRADER...

The main model is now long the September SP from 1938.90 as of Wednesday, August 13th...

For the September SP futures, the last trade as of this writing is at 1968.10...

For Tuesday, a close below 1960.40 in the September SP futures would confirm a new main model sell signal...

The NT (Near Term) indicator (the red line)

NT continues higher again today with room to spare...

image

The LT (Long Term) indicator

The LT shows a truly impressive vertical climb for both the blue and purple lines... no real threat is visible at the moment...

image (1)
image (2)

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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

minor - - 1941.40 (already reached)

MAJOR - - 1960.30 and must close below that price on Tuesday, September 9th to confirm a new main model sell signal... (already reached)

minor - - 1991.50

MAJOR - - 2032.70 and must close below that price on Tuesday, October 7th to confirm a new main model sell signal...

TOMORROW'S CEILING PRICE - - 2135.50

MEGA MAJOR - - 2041.39 for the SP cash index and must close below this price in May (no specific date yet), 2018 to confirm a likely market top to the current bull market...

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

The December Gold futures

The main model is now short the December gold from 1306.00 as of Monday, August 18th...

For the December gold futures, the last trade as of this writing is at 1299.50...

For the past few days, I've been expressing my concerns about the apparent weakness of this gold market... we did see a sell signal confirmed today, but still not very convincing... we'll see what tomorrow brings for this market...

For Tuesday, a close above 1306.20 in the DECEMBER gold futures contract would confirm a new main model buy signal...

The LT (Long Term) Indicator

Frankly, the LT graph looks more convincing for a downside move from here...

image (3)
image (4)

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

minor - - 1278.70

MAJOR - - 1259.50 and must close above that price on Friday, September 5th to confirm a new main model buy signal...

TOMORROW'S FLOOR PRICE - - 1238.60

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

BRIEF TUTORIAL OF MAIN MODEL APPLICATIONS:

The SP confirmation close ALWAYS refers to the large contract 4:15 pm futures closing price...

The Confirmation Price

The confirmation price is a specific market price beyond which the market must close in order to confirm a new main model buy or sell signal... the confirmation price is not a top or bottom picker, it is not designed to get you into a new position right at, or near, the top or bottom tick... but rather, it tells you that the trend has more than likely changed direction with a high degree of reliability... as has been demonstrated with better than a 98% reliability, the confirmation price confirms that the market trend has legitimately changed direction and that a new trend has just begun... very often, a buy confirmation price may seem so far above the market that taking a new long position at that high level seems risky... the same can be said for taking a new short position at a sell confirmation price... but factually, these price points are the most ideal place to enter a new position since these confirmation prices occur where most people are likely to take new erroneous positions in the trend that is just ending... this is why the market moves so explosively after the price is confirmed, e.g., the new short holders are scrambling to cover or the new dip buyers are selling out rapidly...

The NT Indicator

The NT indicator is a near term (NT) indicator and is included in the evening briefings for the benefit of those who make counter trend trades... the NT buy and sell spikes are not main model buy and sell signals, these spikes are only very near term, although they could always develop into something more significant over the next few days... using a weather analogy, the buy/sell spikes are much like a developing low pressure area or a tropical wave, they do not indicate a fully blown hurricane, although it could eventually develop... if a fully blown hurricane actually does develop, then the main model signal itself would address that market action...

How To Read The NT Indicator

The best and safest time to take an NT signal is when the market has already trended for some time and is now approaching a VP price, especially a major VP, then the NT spike would indicate that the trend is likely to reverse since the market is already vulnerable at a VP price, the NT spike provides greater certainty for that counter trend trade...

The VP Price

The VP, or Vertical Price, is NOT a target, the market is not required or expected to reach any VP price... however, if reached, the VP price represents where the buying/selling has stretched to its maximum exhaustion point, at least temporarily, and a change in trend is very likely...

The Floor/Ceiling Price

The floor price is always there in a down trend, the ceiling price is always there in an up trend... these specific prices are rarely mentioned because the market rarely reaches them... these are not VP prices but can be treated the same as a VP price except floor and ceiling prices change every day while the VP price does not... a close beyond the floor/ceiling price should be considered a second buy or sell confirmation signal...

How To Read The VP Price

If the market touches and then moves away from the VP very quickly and doesn't return, then this typically indicates a market reversal, but if the market moves away from the VP and then returns within a day or two, maybe sooner, then the move is not over and the market is likely to continue in its current trend... repeated visits to a VP suggests the move is not yet over...

A Suggestion On How To Enter A Position On A New Main Model Signal

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... after that initial position is taken, 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 position... your average entry price will be above/below the confirmation price but the whips will be significantly reduced... this is a method I use for 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...

Rejected Buy/Sell Signals

Rejected buy and/or sell signals are typically followed by a sharp market move in the opposite direction the following day, this occurs as a general rule... a rejected sell signal is typically followed the next day by a sharp rally... as well, a rejected buy signal is typically followed the next day by a sharp decline... however, if the sharp rally/decline does not occur, then you can expect to see the market make another attempt at that buy/sell signal...

The Long Term (LT) Indicator

The long term (LT) indicator is a myriad of indicators that give you an X-ray view of the market internals and trend...

The green line = the closing price for the specific market

The red line = the confirmation line, the more dominant trend

The purple line = the early warning line

The blue line = the imminent warning line

The purple and blue lines crossing the red line gives you early and imminent warning of a possible change in trend direction...

If you have a particular stock, ETF, index, or any trading market instrument that you would like to see through the analysis of the LT graph, then just let me know, just send me the market symbol, I can create an LT graph for that selection and keep it on file with me to update for you later on...

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...