Reading Martin Armstrong from Princeton Economics - he bases his analyses on cycles and sees Nov 24/25 as potential change in Economic Confidence Model marking the (temporary) top of the market (INDU). Exactly like Matt in today's letter. Also, last week commercial net short in gold went up to 223 (futures and options)

SPX bounces off support

trying one more time. Regular ,png with size 119 and 138 kb

Couldn't attach charts to text

After market collapsed in 2000 everybody was asking how we missed $TRAN going opposite direction than $COMPQ or $INDU.  Especially Nasdaq - I'm not even sure if word "divergence" is adequate" to describe the difference. In 2009 it didn't happen since market collapsed so fast $TRAN didn't have time to react and went down together with indexes. Right now Transport is crossing Nasdaq and Dow by pinching very gently both lines. Dow real support is around 18500 before we face real meltdown when for traders probably around 22900. Just historical observation

Gold commercial net short position: I get my data from http://www.321gold.com/cot_gold.html. Current reporting positions are as of Oct 31,  when it should be November 07. Any ideas ?

Beautiful drop in gold futures Dec 17

Long term view.Peaks in Q Ratio are correlated with secular market tops. Not useful for short term investments but still interesting global picture

Canadian 2x Natural Gas Bull and Marijuana ETFs

i'm. "Site can't be reached" message. Not the very first time within last 30 days

VIX at 9.09. Two years ago I would be automatically buying bullish VIX instruments.

One article on Alpha and look at the chart... Company will report few days from now and Alpha expects improvement. Lucky people who sold into strength or opportunity to buy ?

It bounces up from the support line. It could and should come back and break purple line to test channel support line

$SPXA50R - S&P 500 Momentum Barometer dropped to 66. It remains (still) intermediate  overbought and trending down. 

Retraced to first Fibonacci. Would like to see it getting to 2563 before bounce

I believe market is waiting for release of Republican Tax Reform Plan, which should happen (I think) next week. We can expect a big move depending if market feels disappointed or happy.

Hitting trend lines. Are we going to break them on the way UP...or just retrieve...

Gold Corp (GG) delivered good results with good growth for 217-2019 and is up by over4% .  Still is not helping GDX to much 

VXX ? This is a trade 

GDX is lower today and there is fundamental reason for that. Q3/17 production is to be down and operating cost to be up relative to Q2/17.  Lots of rides on GG results to be published today AMC. Number of companies should have lower EPS in 2018 rapidly growing into 2019. Price of gold is not helping either