Boring

Nothing happening much- Could be we set up in an consolidation mode as we have not done much either way for about an month. These markets will kill you as they show no sign of trending or volatility besides for day trades.
Just stay flat and be ready when the consolidation passes.

Have a great weekend.

MARKETJEDI

1076-1085

Doing some work here and this morning I mentioned the 1076 number but I am also now getting some projects to 1084/1085 area so I will use that range to see how we react in the market

Tricky

Very tricky around here- Looks like it is safer just to play the metals and Oil than the equity markets for sure. The US dollar continues to get killed and for that reason the dollar is worth much less so it would interpret to higher stock prices to compensate for the lack of buying power.
Who knows what this will all mean but looking at the increased deficit, lower dollar and higher commodity prices I can only think we are going to end in a blood bath. This is definitely not for the faint of heart and for me I rather stay on the sidelines than guess. Be my guest if you like to guest but I will wait till I see moves that are trending beside the dollar and gold moves to try anything else here and now.

I will run some analysis this weekend for sure. I am getting some ratios @1076 for the S&P for what that is worth.

Yep the market goes up 10% but the dollar goes down 20%, do you think you are ahead???


MARKETJEDI

10000

DOW 10K is only 200 points away

Trending for Earnings

So we are now in another earnings seasons, one of my favorite times in the market. This time I am far away from the action as I am just coming back from being away but never the less the earnings trend should hold through and trend in the direction of the first few reports.
The futures are up overnight as AA earnings surprised higher and they are the first of the big weights to announce earnings. If the trend stands we should trend higher and make new highs. I am out of my short S&P for small profits +4 and am currently flat. Earnings will the the defacto here and if they are modestly improved we will bust a move higher.
Look for the banks especially to go higher especially BAC, since they have run Mr.Lewis out. Maybe BAC hits $20 we will soon know.
It is 5:00 and very sleepy. I will update later

Question

Someone asked me by email how do I get the figures I work with. For one, I am a natural mathematician that has been school in Finance and uses a series of mathematical theories in my analysis of the markets.
All things in nature works in cycle and sequences and based on these patterns I write projections to see where the trend lies. What I have been working on for nearly two years is time sequence and projection in stead of price. Many times prices can be distorted by human manipulation but TIME is only sequenced by nature and their holds the real power of predicting the direction of the markets in my opinion.
For example I have said this before many times again: would you rather know the price of the top of the market or the time? I think I would rather know the time as it wouldn't matter the price if I know the time of say a date or week where the market should top out, correct???
Well that's how I see it and I will continue to fine tune my work accordingly. In a few I think I will start seriously writing down my analysis or publish my writings so those who are serious might add to it or learn for it. I find most people today want to be spoon fed and not learn because it is so easy just to copy or jump on the bandwagon and not think.

Well I am not inventing anything new but just applying it to the markets as it is in nature.

MARKETJEDI

Crude

Crude finished higher on the tuesday session on above average volume. Range came in at "a no big deal" $1.91.

As expected, price moved up out of the corrective. We ran into the down trending channel and were quickly repelled, which is very common.

I have changed the labeling and placed sub-minuette i at today's high of 71.97.

It is also possible that i actually ended at the 71.63 H. It is unclear, as the leg off of the 70.06 is a mess.

I have placed two separate ii waves on the chart. I prefer the second lower ii myself. This means that ii needs additional work. Although 2nd waves can certainly only retrace a 38.2%, it's not very common.

There is a very remote possibility that 71.97 completed minuette (c), and thus minute [d]. As triangles start contracting, the waves get smaller and can fool you.

Bottom line - I continue to see price moving higher. If I have structure correctly assessed, then we should see nice upside price action tomorrow, as we would be in a wave iii.

Any trade below 68.05 would mean something else is going on.