The Mars Market Update — Live Research

Our primary bullish equity positioning continues to be vindicated as wave 3 of (3) of 5 extends towards our upside targets. We were early in identifying this rally as a 3rd wave and there has been NO reason to alter this stance as we climb the wall of worry. We remain bullish. That is why I have focused on Daily and Weekly timeframes as that is the PRIMARY TREND. If you trade in the direction of the primary trend you will be better off. The US$ found support where it needed to and the Euro...

Apologies for this late update but I am still on vacation and access to charting is difficult. I will try cover the key markets at the moment.  The global equity markets made new ATH's as expected over the past week but these gains were shortlived. The question is whether this rally completed ALL of wave 3 of (3) for our nested bull count. The equity markets have not been able to break out of long term trend channels so the grind higher continues. I have placed horizontal pink lines on each of...

This is just a brief chart update while I am on vacation... The US equity indices continue to consolidate within 4th wave structures. We expect this is a bull flag before another push to new ATH's. The US$ is approaching key support in the 99.50-100.00 area. This support area will be key for a potential end to the US$ correction and near term top in PM's. Gold headfaked us last week and pushed to marginal new highs. I think this rally is ending to coincide with a tradable low in the US$. ES /...

Important Notice: I will be on vacation from January 20th - February 12th. I am travelling to the US for some work in NYC and a skiing vacation. Apologies for the late notice but I will still be posting charts and ideas when time permits. In future, I will provide more advance notice so it doesn't disrupt anyone's process. This should be my last vacation for some time but my apologies once again. It's been a long 12 months... Equity markets continue to stall at key near term resistance while...

Gold and Silver may be setting up as the best fat pitch long setups right now assuming the US$ has topped. We are at an important inflection point for the US$, PM's and our primary bullish equity count. Equity markets pushed to new ATH's as expected as the bull market continued without violating our key risk levels. There is no evidence to suggest we change our bullish stance. HOWEVER: It's make or break time for the Nasdaq indices! This weekend I have spent a lot of time analysing the Nasdaq...

Wishing everyone a merry Xmas and happy holidays over the next week. Given the holiday season, my next update will be just prior to the New Year where I will attempt to provide a big picture outlook for 2017. Our bullish equities, bullish US$, bearish PM's and bearish bond themes continued last week as expected. We are fast approaching an important juncture for the US$ here and direct implications for bonds and PM's. Our long term target for the US$ has been met but the structure is not yet...

Given recent feedback of folks missing trades, I have decided to start posting specific trade setups with entries, SL, Target prices, R/R I am not a day trader so these will be swing and longer term position trades Trading is probabilistic and subject to risk These will be trades I participate in as well - skin in the game The Market Update remains a roadmap but include more trade details This will be done initially on a trial basis depending on feedback from subscribers - we will adjust as...

"I think the ES chart more accurately represents the stage we are in the rally – Ending near term" mcp-market-update-november-28th-2016-gold-silver/ Last week we saw a general pullback in equities following the sharp post-Trump rally as expected. Most key asset moves post-Trump are extended so we should not be surprised with some back and filling in global equities / US$ / bonds. Markets move in waves and not straight lines while gains need to be digested. These trends are not over and my big...

Our primary trends of a strong US$, bullish equities and bearish bonds continued last week as we never got the near term pullback we needed to add to positions. Gold and Silver may provide the best near term long opportunities... Expect US$ to be topping while PM's are forming a potentially important low.  The US equity rally is extended. The positive santa rally seasonality provides an argument that these markets could just continue to extend unabated. I don't think this is an area to add to...