Monday, October 26, 2015

1987 'Ghost' now past (Trick) & 2011 similarities (Treat) in the offing?

S&P500 Weekly Chart 2010- 15.
Just like Halloween; Technical Analysis ain't Science...it's an ART!
The 1987 similarity now appears illusory & 2011 being discussed as the comparison we should not have missed?
Either way; worthy of note & we do own those 1925 Nov. 4 PUTS!
Interestingly for 2011; opportunities were available up to a year after & yet STILL below the High (1370 then/ 2134 now) before the Rally began in earnest.....2016 to be as frustrating as 2015 before the Rally resumes?
As per THEWEEKLY from early 2015: "Is this the long overdue Correction playing out in Time & not Price?"....could well be.

Thursday, October 22, 2015

"Trick or Treat.......Tragedy or Tremor?".......S&P's hauntingly similar 1987 'Door Knock'....

S&P500 Daily Chart @ Close 10/21/2015
............as per the previous Post; the similarity continues in 'haunting' fashion.
Chatter on CBOE Skew Index abnormalities continue apace; losses from here into Friday, next Week should reveal 'all'?
What's the Catalyst?
That; always the Fool's Game.
What we do about the 'signs' the pertinent issue.
2 Week 1925 Puts now in our 'Bag' before Halloween.
"Trick or Treat?"

Friday, October 16, 2015

S&P500: Ghosts of declines past OR simply a false apparition?

S&P500: 1987 Daily Chart
   

Always a 'dangerous' exercise in making historical comparisons; YET it is worth noting on the similarity to today's Market.
The overlaid 2015 #'s are there for the taking; this move into the 2035/45 Kill Zone (see post below) underway.
Close above 2060 & we ignore the observation.
Reversal Signal our guidepost & immediate losses from this 'area' & it's potentially 'HEADS UP' time; no?

Wednesday, October 14, 2015

S&P500 yet to achieve the 2035/45 'Kill Zone'; Clear & Present Danger.....NOW?

S&P500 Daily Chart @ Close 10/13/2015
                      An ideal retrace into the 'equality'  (C= A) @ 2025 & 38% retrace @ 2032 has yet to be scored; 2022 the best of it (so far).
An OUTSIDE- Down Day is NOT in the script & together with sizable Reversals & Losses across a broad spectrum of sub (SML/ RUT/ Trans) & global indices (BOVESPA)....it's HEADS UP time!
It may all be part of a larger 'conspiracy' to frustrate both the dip buying Bulls & 'Put'ted' up Bears.
That said; below 1925 & the 'Crash' sequence could well be underway.

Friday, October 2, 2015

Ghost of Markets past that 'celebrated' Halloween early.......?

S&P500 Daily Chart @ Close 10/01/2015
Not until a Weekly Close above 2030/45 (61.8%: 2032/ 2045 Previous Low) will ANY notions of 'this too shall pass' be worth 'entertaining'.
NOTABLY: There remains a Daily Open GAP @ 2035.73 which may well be THE Short Trade Opportunity should it be coincident with a 'sign'?
The RISKS however remain firmly skewed for further weakness (1830/ 1675) with the US 10yr Note edging ever closer to it's 1.97% 'ledge'.
October may yet be THE 'event' month for 2015.