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 by being posted here 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 12.06.2018: Let’s start with what we know: Last night I send out the ES_F futures chart (Fig 1A) showing a subdividing impulse wave down, and place two dotted orange arrows on the chart to project micro-4 and 5. As you can see, price moved along as projected (blue arrows) 😊. This means for the SPX (cash market) a sub-wave was missing, and we thus have a extended 5th wave on the books (Fig 1B); or as I wrote in Tuesday’s update “Fig 1B: The final 5th wave can still extend lower, but it is not necessary.”

Daily update 12.04.2018: WOW, who would have known?! Price went from my upper target zone to my lower (see page 2) in just 11 trading hours: The S&P500 lost ~10p/hour… Crazy. Big gap ups one day, followed by a 100p drop the next are the hallmarks of a Bear Market, not a Bull. If you therefore struggle in your trading, please contact me ASAP. In addition, a word of advice: when in a Bear market and my Elliot Wave Count suggests either “down” or “a few more subdivisions marginally higher” -as outlined yesterday (!); it is best to get out of the markets when long because Bear Markets prefer down, not up. Don’t try to milk those possible last few points. Not worth it

Daily update 12.03.2018: In the weekend update I summarized my findings as “Short-term the market should be close to completing intermediate-a, though based on a simple Bollinger Band Study, SPX2820 may well be reached first, which would allow for a further subdividing wave higher. … Hence, as all pullbacks have been around 20p on the S&P500 since the SPX2630 low, any larger pullback going forward [>25p] strongly suggests intermediate-a has completed. I then expect intermediate-b to retrace back to the breakout level of around SPX2700, before intermediate-c takes hold and takes price to new uptrend highs for all of major-b at preferably SPX2830-2930, with a sweet spot of SPX2830-2860.” Today the markets gapped up 40p higher, but none held their opening gains which is not all that Bullish.