Daily Market Update Archive

This page features Intelligent Investing’s daily updates of the US stock market, mostly focused on the S&P500, made public three to five days after being sent out to Premium Members. To become a Premium Member, please subscribe here. Subscription includes access to one of the best, detailed, up-to-date technical analyses of most US indices, commodities, and many individual stocks you’ll find. 

Please click on the hyperlinked blue text to access the updates, which are in PDF format.

Daily update 10.09.2018: Very little to add to yesterday’s update so will keep it very brief today. Looks like my “ideal path forward” shown yesterday with the grey arrows is tracking the market action rather well (Fig 1A). Question is if all of b of b has completed or if it wants to drop a little lower first, before wave-c takes hold. Ideal target zone remains SPX2910-2920.

Daily update 10.08.2018: In the weekend update I was looking for an immediate bounce, but we got was lower first. I found out why: the NASDAQ had made another i, ii wave early October, which I had miscalculated and assesed as part of all of wave-2 as price made a 22c lower high on October 3 vs October 2. See figure 1A. I apoligize, but sometimes there are so many numbers to keep track off I confuse them

Daily update 10.04.2018: Over the last few days I assessed the charts that we did know, which were the RUT, NDX, NAS, and DJIA. As usual the hybrid S&P500 was the larger unknown. Yesterday I started off with the DJIA … Today we got that down day, solidifying all the negative divergences that were developing (red arrows), and minute-iii thus got confirmed.

Daily update 10.03.2018: This update will be very brief as the short-term price action continues to be extremely overlapping and in three-waves patterns, while the markets gap up at the open but get sold later (over the last 10 trading days there has only been one day with a higher open AND higher close), so let’s continue to look at what we know and how that affects our assessment of the markets.

Daily update 10.02.2018: Today let’s look at what we know and how that affects our assessment of the markets. First up the RUT and NDX. As you can see, both followed pretty much a picture perfect Fib-based impulse pattern off their early April lows: wave-iii topped exactly at the 1.618x extension of wave-i, measured from wave-ii, wave-iv then fell back to the 1.000x extension of wave-i, and wave-v then went on to target the 2.000x i extension.

Daily update 10.01.2018: Our whipsaw galore market continues unabated. As said last week “Futures will do, what cash can’t do” as the S&P once again gaped up 12p only to close 11p higher today, thus all of today’s gains were Futures driven. The NASDAQ added insult to injury by producing a bearish intra-day reversal and daily engulfing red candle.