S&P 500 – July 28, 2011

S&P has been showing signs of structural weakness these past couple of days. If you remember it was structural weakness that led us to the last drop.

Market Time Premium's Market Alignmnet Index (MAI) looks like it is about to roll over both weekly and daily

We have had two uptrend since the May high and none of them has been able to lift and saturate MAI. Also, OEW indicator has been making lower high meaning that less number of stocks have been uptrending with index from one mid-term trend to another. That is not structurally constructive

Buyers are needed urgently or current mid-term uptrend may be is serious trouble

Buyers are needed to hold support and lift the index and improve structure right now!

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NDX Futures – July 27, 2011 – BMO

This is NQ 60-min

Been stronger than S&P, but looks caught in a small range (2413-2434). The resolution of this range may fetch a spike reaction for a trade

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Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. All information included in Market Time Premium reflects ongoing thoughts of Market Time authors about market-related issues, and is prepared for educational purposes, and is presented as authors’ observations, and is not a solicitation, or an offer to buy or sell any security or use any particular system. Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. Market Time Premium, its author(s), and its affiliates do not represent themselves as acting in the position of an investment adviser or investment manager. Market Time Premium, its author(s), and its affiliates shall not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. From time to time, Market Time Premium, its author(s), and its affiliates may hold positions in securities mentioned, but are under no obligation to either divulge or hold such positions.

Gold Futures – July 25, 2011 – BMO

This is gold

Strong as I have been noting.

Last BMO, I said:

“1580 area has formed as short-term support. If it breaks that, it may finally see some fast and a bit more intense selling. Without breaking 1580, we so far have a shallow ABC zig-zag and that satisfies the minimum requirement for a correction. So, 1580 is the support I use for any short-term trades”

That seems to have been a good call on Friday BMO and gave a good trade.

It is still true and 1580 is still short-term defining support.

I would use 1600 and 1580 as any super short-term support for any new trades on Friday.

Other than that, without a meaningful correction, it would be very hard to say if this swing up is all or only a small part of what we get for Major wave 5. So far, we have a zig-zag flat as mentioned on Friday but that was not deep enough to even change the short-term uptrend.

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Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. All information included in Market Time Premium reflects ongoing thoughts of Market Time authors about market-related issues, and is prepared for educational purposes, and is presented as authors’ observations, and is not a solicitation, or an offer to buy or sell any security or use any particular system. Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. Market Time Premium, its author(s), and its affiliates do not represent themselves as acting in the position of an investment adviser or investment manager. Market Time Premium, its author(s), and its affiliates shall not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. From time to time, Market Time Premium, its author(s), and its affiliates may hold positions in securities mentioned, but are under no obligation to either divulge or hold such positions.

S&P 500 - July 22, 2011

Our Structural indicators, Market Alignment Index (MAI) and Objective Ellitott Wave indicator (OEW), keep doing a fine providing insight into the internals of The index. These indicators measure aggregate structure and trend of all constituents of an index or composite.

We identifies structural weakness helped us stay safe during the correction

Late June, when the bearish sentiment was rampant, we saw extremely oversold and depressed internal conditions and thought that at least an oversold bounce might happen. It was discussed in detail at Market Time Premium

That was followed by back-to-back hits on 200-day SMA, also pointed out at Market Time Premium, and, then, the current rally

We made good calls.

What now?

This is a weekly

Not a bad week especially given the way it started the Monday morning session. The immediate weekly support held for the week

There was some improvement with structural indicators (MAI and OEW)

These indicators still need improvement and and have a lot of room for it. They must rise to structurally support bullish endeavors


Market Time Premium stage and trend table has major indexes in daily advancing stages and weekly distribution stages.




So far so good, but there is lots of room for improvement. Important thing is that we do not see structural deterioration.


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