Bulls Win Again

It was a very quiet day on the market, but the BULLS WON AGAIN!, not surprises here! Yes ok! we are a bit overbought up here, but there is still room to move higher, and the smart money is still hinting we could see higher prices in the next day or so?

For most of the day, the S&P was stuck in a 4.6 handle range.

Here is an INTERESTING STAT : On the month, the S&P has been up 18 out of the last 21 days or up 12 out of the last 14...or UP 10 OUT OF THE LAST 11!!

It seems we are still in an upwards channel on the SPX chart. 

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Did you Heed our warning

Did you Heed our warning?

A few weeks back we were warning our subscribers that there was sell volume coming into the market. Our VIP MEMBERS HERE got plenty of warning.

The start of April we did see a short covering rally and the bulls got tricked back into the market, only to find, that days later the market really sold off hard and we are currently back down at the 1540 level.

We posted our update a few weeks ago and warning about how strong bonds was looking and the move up in the S&P could be a phony one. It seems that we were correct. For Proof You can see what we said a few weeks back  ==> THIS POST HERE

warning given to VIP members

Now we did not pick and warn members at the top, however it was close as we did notice that the S&P was lying and BONDS were not. Our VIP members got a more detailed warning.

Right now we think we are at a crucial time in the market. Its make or break time, and the bulls and bears are fighting out a long hard battle, but eventually one side will win.

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USD chart - Pennant Pattern

USD chart - Pennant Pattern

Since the start of March 2013 the USD has not really done much at all. However now we are at the end of market, you can see that both the buyers and sellers have been squeezed and this is now a pennant pattern.

Eventually this will have to breakout to the upside or down below on the downside.

The rules with pennants state they will break the direction of the price action that precedes them. So in this case, it is most likely the USD price will break to the upside, past 23 and head higher.

pennant pattern

If this is indeed a pennant and the USD is inside a pennant as drawn above, the USD should rise, and the market will come into trouble. Right now things are still in limbo no doubt. 

The only downdraw to all this, is that pennants can last for days, weeks or months, however this pennant looks to be a good one, and we will continue to monitor the currency market after the EASTER break.

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The Bullish Percent Index

The Bullish Percent Index & SPX chart

The Cypres News is still not playing well with the market, as you can see we have not really done much over the last week or so. Each time the market gets up to the highs, they are rejected.

spx chart

The bullish percent index, now has a lower high, and most the time that does not bode well for the market. The next week or so, are going to be very critical if the bulls if they want to regain their footing. So far they are losing the fighting battle. 

bullish percent index

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Gold Bears Watch Out Dont Take On Central Banks

Gold Bears, Watch Out Don't Take On Central Banks

Gold prices are down 12 percent from a peak in October to about $1,583 an ounce. The fall has coincided with a surge in global stock markets amid growing confidence that the world economy has turned a corner and will remain underpinned by the ultra-easy monetary policy of major central banks.


As bullion falls out of favor in this "risk-on" trading environment, one expert says the market bears should think carefully about betting against the precious metal at a time when central bank demand for gold remains strong. It seems they are still pumping money into gold when it seems gold prices are so depressed.


Gold Bears might get a warning, but let us look at the chart to see what gold is saying.

The weekly chart in gold has the bears very very excited. And more downside could be on the way. But looking at the weekly chart in gold, things seem to be more on the oversold side right now.

The RSI, MACD and Stochcastics are all saying the bears have had a field day, in gold. We are not short gold, however I think the central bank is going to pull out more punches soon, and buy up more gold, and does so when prices are so suppressed. If this does indeed happen and the central banks do move in a big way, you do not need a stockbroker, analysts or so called guru to tell you. It will all come out in the chart first.

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Dow Jones Industrials Within Reach of All-Time High

Dow Jones Industrials Within Reach of All-Time High

As you can see the chart below, the Dow Jones Industrials Within Reach of All-Time High

Even though the dow jones is within all time highs, we can see the bulls have been winning for many months now. Even if we were to get a very large dip, or sell off, the bulls seem to shake it off, and new all time highs could be just around the corner.

If you go back to our past posts, sentiment trader kept reminding our readers not to fall in love with the downside, and now here we are at all time highs! :-)

Dow Jones Industrials Within Reach of All-Time High

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bull market - bull market indicator

bull market - bull market indicator

Again I hear so many people say the bull market is gone, and we are in a bear market.

They are also saying we are not in a bull market right now. Is this true, or a lie?

Well in all my years as an analyst, I do not read newspapers or listen to the so called gurus, I always come back to the charts, not matter if we are in a bull market or a bear market. Always remember the charts never lie, I mean NEVER!

The bull market / bear market indicator is saying that right now we are in a bull market. Now this does not mean we cannot go down or sell off violently at some stage, but this indicator is very good for seeing the longer term picture and very reliable. Buying the dips has been working very well for a few years now.

Since 2009 the bears have struggled badly, they have had their chances to go short along the way, however just as they got excited, the market turned on them yet again and we started travelling up again.

As you can see on the chart below, the current bullish market started in January 2012 and we are now a few hundred points higher on the SPX.

The bears out there have obviously not looked at charts like this, and keep trying to go short or call a crash. As said, even if we sell off hard, the direction of this market is up, and we have a good plan to make money no matter what happens anyway.

bull market indicator

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spx update - the latest spx update

spx update

Our VIP MEMBERS are out of the market, with some nice gains, 90pts infact. Very nice indeedy.

The markets in the next several months are in for a nice WILD RIDE I think. This happens every time we get conditions like we are seeing, so its gunna be very lucrative to those who know what they are doing, I am sure.

This is no doubt the S&P chart right now is looking very healthy. See how we bottomed with the INVERTED HEAD AND SHOULDER and now we are travelling up in a nice upwards channel, that has not been violated for now.

There are many bears out there, since 1450 screaming for a crash, however our VIP MEMBERS were able to do very well on the upside while all this screaming went on, and I have a felling there is more movements on both sides of the market to profit from.

For now, the market more bullish, but a key note here is it is very overbought, and traders who are late to the rally party do not know what to do.

spx daily chart

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The Plateau

The Plateau


If we have a look at the leader of the market, we seemed to have just plateaued out and going no where.

We need to wait a bit while we wait for the market to chose a direction. So far the bulls have had a fantastic run, but they do not seem to be out of breath just yet.

Yesterday we posted this chart for our VIP MEMBERS only with summation charts. I have posted this here, and traders are on the sideline waiting for the market to move north or south, its annoying when the market hardly moves, and in a tight range which is what is happening at the moment.

dow jones transports

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Broke To The Upside

Well we were saying the range on the S&P should be watched carefully, and said it was not long till we broke either upside or downside.

You can see in our LAST POST HERE

We broke to the upside, however I would not call it a convincing break!. The bulls yet again still have the upper hand I think. We are still up past our 1500 level we called months ago, and still the bears do not seem to be making their mark.

Yes, we are still in a bull market, however I can say to you that we are starting to see some very interesting signals on the charts, and a few warning signs that market may soon get a bit tired.


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usd chart index - usd chart index

usd chart index

The usd chart index is quite interesting, and we have been watching this for the last few days.

the usd chart index has been trading back in a downwards channel, and still keeping the global stockmarkets boyant, no matter the pessimism around, this chart is very telling.

usd chart index

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spx weekend update - spx weekend update and mulling

spx weekend update - spx weekend update and mulling

Over the weekend, I was looking at many charts. AI sentiment still showing us that we are in overbought territory with the S&P 500, however it does not look extreme.

As you can see we are in the sell zone, however on the line chart there is still room for us to wiggle up a bit higher. It looks like for months now the market has been creating a bearish rising wedge, and we must remember sentiment can shift however the first warning shot has not gone off yet, and it is possible we can see higher prices next week. Just a guess.

Our 1500 target has been hit :-) and the market on Friday shot up and is holding for now. The bulls still seem like they are not running out of steam just yet, so we must listen to that for now and forget the crowing roosters out there.

AI Sentiment

Taking a look at the S&P bullish percent, again we are still on a buy situation. We are up at 82.60 but there is no reason we cannot go up a bit more to ***** **VIP MEMBERS ONLY**

As you can see January has been a very good month, and very rewarding to the VIP MEMBERS

spx index

It seems the last few weeks, every man and his dog, and the so called expert pundits have been calling for a top on the market. Then the next week, more bears come out of the woodwork and call for a top again. It has not come yet! Are you starting to see a pattern here. LOL. Although this is not strange behavior, it has been quite entertaining.

Forget the pundits out there. All we need to do is read the charts for now and follow them. That has been working like gangbusters, and they will give us plenty of warning on what to expect and what actions to take next. :-)

Have a great weekend :-)

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Nasdaq Weekly Chart - The Nasdaq weekly chart

Nasdaq Weekly Chart

If we have a look at the Nasdaq Weekly Chart we can see just how amazing it is.

Now for those out there that do not know the different between bullish or bearish.

Bullish = When you see a chart go from bottom left to the top right that is bullish. 

Bearish = When you see a chart go from top left to bottom right that is bearish. 

The Nasdaq Weekly Chart is still showing us the bulls are in control.

Since 2009 we have not broken the fantastic rising support line seen below.

nasdaq weekly chart

No matter what the pundits out there are saying, this chart is bullish. Now I am not saying we will not see some dips, and maybe even some gigantic dips, but do not be surprised if we finish alot higher by the end of 2013. :-)


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spx weekly chart - spx weekly chart update

spx weekly chart update

Many weeks ago, we did predict the market to go up higher. (est 1500 spx)

For proof.... ==> VIEW THIS POST HERE

We were saying 1500 was coming, and believe it or not, on Friday, we got within 2 pts of that happening. LOL.



You can see below on the AI sentiment that the S&P which is obviously EXTREMELY overbought, is still on the bullish side, or has room to move higher if it wants to!

ai sentiment

Taking a look at the S&P 500 daily chart, we have a 'double confirmation' the bulls are still in charge. 

1) We have an inverted head and shoulders pattern that has formed back in OCT 2012 and we broke out of this early 2013. 

2) We have broken the neckline of the inverted head and shoulders and since early JANUARY 2013 we have been travelling in a nice upwards channel, that has not yet been broken to the downside. 

spx daily chart

Even in December we said not to fall in love with the downside, and that was corrrect. There were many traders caught short in early 2013. 

The summation chart is also another good market breadth indicator that gives us a good analogy on the overall sentiment of the stockmarket and indicies. Even though there are many bears who have been calling a top the last few months, the summation goes against all of these pundits, and has been clearly saying we are still in a BUY THE DIP kind of market. 

summation chart

Yes, I understand that right now, things are overbought, and I do agree with that whole heatedly. Yes eventually the market will top out, However it is important to be patient and trade what we see, and not what we think may happen. We read charts first and trade off of them and leave emotions in the background.



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Dow Jones Transports - Dow Jones Transports steaming ahead

The market at the moment is steamrolling ahead. Amazingly we are only now just a 2 or 3 points away from our 1500 target! WOW! You have to love charts, and also technical analysis, I do not claim to be a guru or a psychic, but I do know how to read charts properly and forget the news. That is how we are so accurate with our calls.

Right now the tick data is yet again at oversold levels, and we shall see a rally in globex or open hours I think.

tick data

Dow Jones Transports chart. 

Take a look at the Dow Jones Transports chart and have a look at the very nice upwards channel we are in. This is proof that the bulls are still alive and well. As we have been saying for months, we are still in buy the dip mentality, which has not only been correct, but a smart thing to do since the start of 2013.

Looking at the Dow Jones Transports chart we seem to think higher prices are coming.

dow jones transports chart

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RSI Average - RSI average and what it is telling us

Below is a chart of the 14 Day RSI indicators following Stocks which belong to the S&P 500.

As you can see the blue arrow is suggesting, that things are very overbought at the moment.

It doesnt mean we are going to crash, it just means that things are very overextended right now.

60 - 65 are extreme levels, and we up at a sell zone area. Right now we are at the 60 mark.







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indicies holding

Looking at the S&P 500 it seems that the indicies are still holding well. They are still coiling and we will need to break the 1460 level to regain some strength. There is a possibility we might see some rallying into the end of week. There are no guarantees, but that would give the bulls a bit more encouragement, and our targets up higher would then not be that far off.

The Russell has already coiled and the bulls came back strong by the close today, so it may be a tell tail sign that the S&P is about to do the same. The russell even though not a leader of the markets, can preceed the S&P so the next few days will be interesting.

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Nasdaq Hourly Chart

Nasdaq Hourly Chart

Today we posted an update HERE on the nasdaq chart. We made some notes on how the nasdaq the last few days, has been doing nothing more than just coiling or in a low range tight price pattern and working out where it wants to go next.

If we have a look at the HOURLY Nasdaq chart, we can see that the very quick upwards rally has left a gap on the chart. This is highly unusual and we must warn you that these gaps do eventually close, sooner or later.

For now, however, since the 3rd of January we have topped and just going sideways, however on the nasdaq chart   the nasdaq seems to have found a bit of support, and we are oversold on the hourly, which means that in the next few days it is probable we will see some sort of bounce, and even a break out to the upside, depending on how strong the bulls feel.

Nasdaq Hourly Chart

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Nasdaq Update - A quick nasdaq update

Nasdaq Update

Right now traders are just holding their breadths to see what happens.

If you have a look at the nasdaq, (or the leader of the market) we seem to be what I term coiling where the market spends a few days of doing hardly anything, after a big movement.

Do not worry this is normal, after such an extreme move, and the smart money taking their position.

The nasdaq has still not hit its upper targets, and the market is holding fairly well. So right now the best thing do to is to be patient.

GOOD THINGS COME TO THOSE WHO WAIT? well, that could be the case here. However we may have to wait till later in the week to get a better read of things.

The bulls still have the upper hand here, otherwise we would be down much more significantly.

Nasdaq Update 

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risk on risk off - is it risk on or risk off

weeeeeeee! Up We Gooooooo!!!! LOL :P

The S&P is up over 70 points in 3 days. WOW! IT has been a complete BEAR SMOKING to the upside here.

We warned our readers to not fall in love with the downside, when we were in low volume holiday trading and now you can see why :-)

Today was a good day in the market. MOC we had almost 7 billion volume to buy. Even though the markets are overextended, they can remain that way for a while. Bears have really been creamed in the last few days, and probably lost all hope. LOL :->

What is happening right now, is that we get all these little FALSE sell offs, and that has been tricking the bears. They have been trying to test the market on the sell side, they put in their buys stops, we rally up higher, then their stops go off like a rocket and that gives us more of a boost higher!

When you have NATURAL CASH buying or buyers in the market, like we do have right now they send us up higher and keep us triggering the buy programs and or buy stops up overhead. That's what I saw many weeks ago, and warned our readers and that is why we keep ripping to the upside.

Over the last 4 days, smart money has put $5.5 billion dollars to work in the broader markets. In laymen's terms this means in the short term, the markets are most likely to go HIGHER. YES!

I guess we can say that there is a little bit of risk here also at the moment. The higher the market goes up without any serious pullbacks, at some point we will get that pull back and it will probably be a good sized one.

Now we are above our important levels of 1440 and 1450, it means that we are possibly making our way to the 1485 - 1490 now, so prepare yourself. :-)

Already our members are off to a flying start for 2013, and we are only a few days in. :-)

Happy trading :-)



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