Market thoughts for Oct 30

The target of this rally (ES 1060-1070) was achieved yesterday and will be continue into today.
The key today is to watch how the market reacts at Swinger's ST Primary Trend number

Market thoughts for Oct 29

Here comes the dead cat bounce for 1-2 days to relief the oversold condition and end of the month rally. Target of this rally is 1060-1070's

Market thoughts for Oct 28

The market trend is down as confirmed by Swinger's S&T system. I expect a dead cat bounce for a day or two to relief the current oversold condition before the continuation to the downside.

Market thoughts for Oct 27

Expecting a small up day today, estimated ES range is 1061-1071

Market thoughts for Oct 26

Estimated ES range today is 1076-1084

BTW, judging by the restaurant prices there is no recession in Las Vegas .... :-D

Market thoughts for Oct 23

1099 should be tested today. My best guess is we could be getting a new top spotter soon

Market thoughts for Oct 22

Estimated ES range today is 1072-1083

Market thoughts for Oct 21

Estimated ES range today is 1090- 1076

Market thoughts for Oct 20

Estimated ES range today is 1099-1088

Market thoughts for Oct 19

Estimated ES range today is 1092-1083

Market thoughts for Oct 16

Yesterday I expected an intra day reversal today and looks like it was accomplished during the after hour trading last night. I think today we will see a VST top with a ST higher high top next week.

Market thoughts for Oct 15

Estimated ES range today is 1087-1074

Market thoughts for Oct 14

The market is getting overextended, a correction is due. I do not know where that level is, but timing wise my best guess is sometimes this week.

I do not think this is The Top, or a Crash that is around the corner. I do think it will be a normal correction (50-100 ES pts) within a bull market since the March bottom.

Market thoughts for Oct 13

I think today will be another rotational day with an ES range of 1074-1064

Market thoughts for Oct 12

Swinger's top spotter was invalidated in the AH trading this morning. My own analysis calls for a significant pullback in the next 2 days.

For those who missed last Friday's post, Swinger's trading system is now available online. Please check last Friday's post for more detail.

Market thoughts for Oct 9

Estimated ES range today is 1064-1057

Market thoughts for Oct 8

Today's estimated ES range is 1065-1055

Market thoughts for Oct 7

Estimated ES range today is 1057-1042

Market thoughts for Oct 6

Expecting an attempt to test the next resistance at the ES 1050's

Market thoughts for Oct 5

For knife catchers, today may be a good day to put on a counter trend long preparing for "Turnaround Tuesday" tomorrow

Market thoughts for Oct 2

Given the market's oversold condition, my guess is the recovery will start Monday.

Market thoughts for Oct 1

Expecting ES to retest of yesterday's low at 1042