weekend update


The market started the week at SPX 2006. On Monday the market gapped up at the open, traded back down to SPX 2006 then closed where it opened at 2021. Tuesday and Wednesday displayed gap up openings as well, as the market traded up to SPX 2065. Thursday’s half day trading was quiet, but the rally hit SPX 2067 before ending the week at 2061. For the week the SPX/DOW gained 2.65%, the NDX/NAZ gained 2.50%, and the DJ World index gained 2.30%. Economic reports for the week were positive. On the uptick: the FHFA, PCE, personal income/spending, consumer sentiment, plus weekly jobless claims improved. On the downtick: Q3 GDP, existing/new home sales, and Q4 GDPn. Next week is of course is the New Year, markets will be closed Friday, and reports will be highlighted by the Chicago PMI and Case-Shiller.

LONG TERM: bull market

The 6+year, five primary wave, Cycle wave [1], bull market continues. Primary waves I and II completed in 2011, and Primary waves III and IV completed in 2015. Primary wave V is currently underway. When it ends a Cycle wave [2] bear market will follow and the market will probably lose 45% to 50% of its value.


When one reviews the weekly chart it is easy to spot the 2011 and 2015 fractals. 2011 started the year at 1257.64 and ended the year at 1257.60. In May of that year the market hit its high at SPX 1372. It then sold off into August/October for Primary II, ending the year with Major waves 1 and 2 completed for Primary III.

2015 started the year at 2057.94 will it end the year at 2057.90? In May of this year the market hit its high at SPX 2135. It then sold off into August for Primary IV, retested in October, and ended the year with Major waves 1 and possibly 2 completed for Primary V. Both Primary wave years look to finish about flat after 2-3 years of good gains.

MEDIUM TERM: uptrend may be underway

After the Primary IV low back in August, the Int. wave i rally to SPX 1993, and the odd near full retracement in October, the market took off to the upside into early-November for Int. iii. Then after an Int. iv pullback to SPX 2019 in mid-November the market again started acting odd. Int. wave v did not make new highs, like it should have, and Major wave 1 ended at SPX 2104.


After that there was a quick, but complex decline to SPX 1993, which we thought could have ended Major wave 2. The market then rallied to SPX 2077, pulled back to 2005, and now has rallied to 2067. We accepted the fifth wave failure at SPX 2104 with the confirmed Major 2 downtrend. Now we may be forced again to accept a failed C wave should the market confirm an uptrend. This is quite odd behavior for this bull market.

As you can see by the labeling on the chart above, the SPX 1993 low was labeled Int. a of Major wave 2. The rally to SPX 2077 as Int. b, and the decline that followed should have made a lower low for Int. c. It stopped at SPX 2005 for a potential failed Int. c, if a Major wave 3 uptrend is confirmed soon. If not we would expect SPX 1993 to be retested, or even the 1973 pivot to be hit, to complete Major 2. Currently caught in the middle until one or the other event occurs. Medium term support is at the 2019 and 1973 pivots, with resistance at the 2070 and 2085 pivots.


Despite the above noted dilemma there is a positive pattern unfolding shot term. On Monday there was a rally to SPX 2023, then a decline to 2006. After that the market rallied in five waves for the rest of the week: 2017-2008-2030-2020-2067. These five waves may be the beginning of a Major wave 3 uptrend. With Friday/Monday’s SPX 2005/2006 a failed Int. wave c to complete Major wave 2 may have occurred. Tricky and complex, but possible. Should the market clear the 2085 pivot this is probably the correct count.


Short term support is at SPX 2042 and the 2019 pivot, with resistance at the 2070 and 2085 pivots. Short term momentum ended the week with a negative divergence at Friday’s SPX 2067 high.


Asian markets were mostly higher gaining 0.9%.

European markets were mostly higher gaining 0.8%.

The Commodity equity group were all higher and gained 1.8%.

The DJ World index is still in a downtrend but gained 2.3%.


Bonds are downtrending but gained 1.0%.

Crude is trying to uptrend and gained 6.3%.

Gold is trying to uptrend and gained 1.0%.

The USD looks to be downtrending and lost 0.7%.


Tuesday: Case-Shiller and Consumer confidence. Wednesday: Pending home sales. Thursday: weekly Jobless claims and the Chicago PMI. Merry Christmas and best to your weekend!

CHARTS: http://stockcharts.com/public/1269446/tenpp

About tony caldaro

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174 Responses to weekend update

  1. manunidhi21 says:

    Is that Int i of 3 I see on charts as green ?

  2. timmy321 says:

    Tony, it looks like major 2 still going on.

  3. scottycj1 says:

    M class solar flare in progress……M class flares are medium intensity……Many times the market will rally until the flare hits earth….THEN the negative energy forces the market lower. Due at earth the 31st.

    That could imply a buoyant market until Wed–Thur

  4. lunker1 says:

    gto another buy the wpp touch?

  5. prakashbkc says:

    GM Tony sir,

    Can b wave be 5 wave as from 2006 low to 2067 is 5 wave?

  6. EL MATADOR says:

    Do not over think it, the trend is still up, BTD, see ya’ll later 🙂

  7. GDX knocked back from 50d.It isn t easy.

  8. blackjak100 says:

    This no longer looks impulsive and a huge clue was a red candlestick thurs. why? A HH above 2067 would give the daily chart a 3 wave look. I think the Bears were right here and we’ll just have to see how much damage is done to charts end of day thurs. there may be a sliver of bull hope if 1993 is retested this week, but the 1973 pivot may produce too much damage. The improvement In breadth could be foreshadowing a low later this week.

  9. xuwu992000 says:

    $$$ alert: First wave = 24 points (2068-2044); so far, very weak second wave rebound, most likely to 2054, then the nasty wave 3. As the 1 wave is a leading diagonal-type of impulsive, so the next impulsive normally will extend (at least 1.62 x, more likely 2.62, to 1992 area).

  10. elmer510 says:

    Thanks for the update, Tony !
    Now it’s the time – for further decline and IM C
    or a new start and Major III. I won’t even guess which is the correct one right now.

    About republican candidates – what a fine picture of R. Reagan. A great president, but also the father of big budget deficits. Which reminds me about one article by Mr Krugman in NYT which I thought had a good point:

    “So Donald Trump has unveiled his tax plan. It would, it turns out, lavish huge cuts on the wealthy while blowing up the deficit.

    This is in contrast to Jeb Bush’s plan, which would lavish huge cuts on the wealthy while blowing up the deficit, and Marco Rubio’s plan, which would lavish huge cuts on the wealthy while blowing up the deficit.

    For what it’s worth, it looks as if Trump’s plan would make an even bigger hole in the budget than Jeb’s. Jeb justifies his plan by claiming that it would double America’s rate of growth; The Donald, ahem, trumps this by claiming that he would triple the rate of growth. But really, why sweat the details? It’s all voodoo. The interesting question is why every Republican candidate feels compelled to go down this path.”

    I remember mr Clinton who paid down some of the debt during his period. Perhaps something to follow up one day.

    • purplember says:

      elmer, repub did budget in congress when clinton was in office. so much waste in federal spending, we could cut 25% and no one would give a rat’s a$$. Hilliary plan is the same as obama, unlimited spending as Obummer added $42,000 per SECOND of new debt since he has been in office.

    • My last post on politics.Bill Clinton rode the enormous tax receipts from the dot.com mania to narrow the deficit.Nothing he did.Right place,right time.He gave us NAFTA which shipped our jobs out to Mexico and we STILL haven t recovered from that.Perot was right about “the giant sucking sound of jobs leaving the country” if NAFTA was passed.It s laughable BClinton takes any credit for anything economic.

    • After President Reagan signed the IGRA, Indian gaming revenue skyrocketed from $100 million in 1988 to $16.7 billion in 2006.[14] Following the IGRA, the National Indian Gaming Commission was created as a federal agency in 1988 to regulate high-stakes Indian gaming.
      President Reagon helped Indians gain huge market share of gaming industry. Mr.Trump just want to boost the economy so his casinos gain market share. Vote for Mr. Trump and most likely economy will expand above 6% growth rate. Not sure it’s good idea. Keeping economy in check at 2% might be better move.

    • “I remember mr Clinton who paid down some of the debt”
      I think that was Newt Gingrich’s idea (budgets do originate from the House), and Newt promptly took all the negative blowback. Finally got knocked out of Congress all together 4 years later.

      Now, 20 years after the fact, it seems like a great idea.
      Enter Bill Clinton.

    • elmer510 says:

      What we learn from history is that narrowing a deficit or building a surplus is very difficult if you at the same time give lot of tax cuts. I remember the Laffer curve and everything should be fine with growth and budget balance – but the balance never came before Clintons period.
      To cut expenses – thats too easier to say than to practice. The republican problem is cutting expenses while increasing defence spending, and also at the same time reducing tax revenue.
      Thats why there’snot been a successfull republican president when it comes to state budgets since Richard Nixon who ran deficits of 1.6% per year.

      NAFTA – that’s an trade agreement which is favored by both republicans and democrats. For industrials – the effect is minor compared to WTOs regulations which open the american market for low cost producers .

      The US problem is the Dollar – too strong all of the time which make US industry less competitive. Not free trade.

      Some views from Europe – where budget deficit is a problem in many countries as well

    • vorfahrt says:

      We’ve been lowering tax rates since the 1970s and growth has been shrinking ever since then too. How often do you want to repeat the same thing and expect a different outcome?
      No investment will take place until tax rates are 80%+. If you can write of 80% by investing vs. the current low rates of 20% or so, then you will do it. At 20% you will just cash out and divest, that’s what’s been going on since around 1980.

    • LBSPYtrader says:

      So this helps all the rich Democrats. Most of the top ten richest people in America are Democrats including the top two – Bill Gates and Warren Buffett.

  11. lunker1 says:

    Hi Tony thoughts on labeling 2067? TY

  12. reddragonleo says:

    ES Morning Update December 28th, 2015 – http://screencast.com/t/FWXm8cOOaK

  13. camper1888 says:

    Too many BS TA traders with their snake graphs.. Just have to sniff out the right one.. Thanks tony with all u r works

  14. B Seagle says:

    UVXY Update…

  15. blackjak100 says:

    yikes bulls not looking good here…2061 Gann resistance exerting its force. Below 2048ish and a fourth wave correction looks out the window IMO. GL and Cheers!

  16. argento1 says:

    Thanks Tony for the weekly update!

    I am bullish per my last post but there is definitely concerns if you look at the monthly macd’s, the Russell and Goldman Sachs are sitting on huge H&S patterns, if these break down the bearmarket is already here!Yes..you can find similarities to the 2011 trend but let’s not forget QE was in the system providing the necessary liquidity and the Dow Transports is making lower lows now where as in 2011 she made higher highs!It looks as if the MSCI put in a significant top this year and retested its lows already!The IBOXX High Yield has broken down badly (meltdown) and could indicate what is to come in 2016…I suspect the change is good to see another leg down from here into first half January and from there we will have to see how the charts look!


  17. budfox9450 says:

    Gone Silent, once again.
    Have a great 2016. Invest at Primary
    signals, not short term swing points.

  18. fishonhook says:

    Those of you who really want

    -a twice divorced man,
    -who’s company’s have declared bankruptcy several times and yet he comes out richer,
    -has flipped and flopped from Democrat to Reform to Republican, back to Democrat , then to Independent and now back to Republican,
    -who got analysts fired when they said his companies would run out of money (which they did)
    -lied about his heritage
    -got a ‘;medical deferment; from going to Vietnam for HEEL SPURS!! and then having the gall to say McCain was no hero for allowing himself to get captured
    >>>>>>>> with his hand on the economic and nuclear buttons may get the P3 that super bears like Prechter have been talking about for years.

    BE careful what you wish for.

    • camper1888 says:

      Trump will be a great president ..at least he won’t sell out america like the democrats… Do u guys know that hillary signed a deal with japan to continue importing irridated fish (remember fukushima nuclear incident ?) and other goods to the US,even while other nations are turning them away ?

    • Reagan was divorced…switched from Dem to Repub…his kids HATED him as opposed to Trumps kids all gushing about him.I don t know if Reagan was in the service but the nuclear button issue was used on Reagan as well.I liked Reagans personality–not his politics(at the time).Now– there s nothing I like about Clinton politically or personally.That s the bottom line for me.

        • Looked up Reagans military record.He was in uniform during WW2 but “was assigned to the Hollywood division.He never left the US”.

          • tony caldaro says:

            was in the military though

          • Was in uniform for 4 yrs prior to the bombing of Pearl Harbor too. Opportunist? Not likely. Fulfilling patriotic duty? I think so. As a 28yr veteran serving in 4 separate conflicts, I never judged the loyalty, patriotism or courage of cooks, clergy, doctors or clerks (I was a combat engineer) – the fact that they were there, whether in peacetime or conflict, meant everything to me. Bill and Barack, not so much. Those jokers laying wreaths at the Tomb of the Unknown Soldier made my stomach turn.

          • tony caldaro says:

            If you were young and male and could walk you were in the military during WW II.
            Agree, it doesn’t matter what you did you contributed to the cause.
            Personally think everyone should serve at least two years.
            It builds character.

    • fishonhoof says:

      Trump is what you inevitably get when the Democrats go far left berserk (“There is no such thing as Muslim terrorism”) and the Republicans sell their souls to the Chamber of Commerce (“Corporate welfare uber alles!”). If it weren’t Trump, it would be some other carnival act because when people are relentlessly betrayed they lash out in rage.

  19. jeffbalin says:

    Very interesting update Tony….. Thank you for the holiday post!

  20. soulsurfer says:

    Thanks Tony! I hope you and everybody on this blog had a wonderful Christmas.

    It appears December 31 is a next “turn date” based on 8d, and 13d time intervals. These time intervals nailed the recent 12/18, 12/21 lows, as well as many lows and highs since the ATH, so IMHO there’s no reason yet to think otherwise about the accuracy of these time intervals


    happy last-week-of-the-year-trading folks!

  21. locanbbs says:

    PPT just arrived. Get out of Dodge! Just got stopped out with a gain of 75 cents (based on a hundredth contract = small change, just for fun!). Good night!

  22. Here’s what happened in 2015 as I see it: http://www.lifestyletrading101.com/2015/12/27/sp500-2015-year-in-review-and-2016-outlook/

    Please let me know what you think!

  23. locanbbs says:

    (Nobody else here now?) Last second sell-signal on the NDX. Let’s see if the PPT can override it again, as they usually do at this time of night/morning!

  24. locanbbs says:

    By the way: Leading German sentiment polls (http://www.sentix.de) show strong discrepancy between short term sentiment and mid-term confidence as well strong over-bought situation in respect to expected “Santa Claus Rally”. Investors especially disappointed in US rates hike!

  25. locanbbs says:

    Downtrend starting in U.S. indicies (futures) after Friday’s selloff at market close.

  26. locanbbs says:

    Double top in SPX and DJII ?

  27. opader says:

    Thank you Tony for your weekend update.

    My thoughts and expectations: http://balancetrading.blogspot.com/

    I believe that Cycle 1 of Super Cycle 3 ended at SPX 2134. We are at early stages of Cycle 2 correction now. I expect Cycle 2 to correct between 50% to 60% and take between 12 to 18 months to complete.

    Season’s Greetings and Happy New Year to you and all contributors on this venue.

    • skmcobra says:

      If you are correct opader, there are a bunch of EWT followers about to lose a bunch as both Tony and Avi are showing a new ath ahead. I personally hope you are wrong and disagree. Look at the MACD/RSI of 2011’s P2 correction and this year’s P4. Identical to this point. How can you find a P5 wave in this cycle?

      • opader says:

        Once can certainly come up with a legitimate EW count that would show P5 started at 1820 and peaked at 2134.

        If I am right and SPX gives back between 40% to 60% of its gain since March of 2009, then I’m pretty sure that Tony would modify his count to show P5 of C1 ending at 2134.

        There are many macro economic reasons that support a major correction in equities and bonds starting in early 2016.

        • budfox9450 says:

          opader…agree with you. however, I am looking
          at the NY A/D line.

        • skmcobra says:

          I just don’t think so…not yet. What move down do you identify as P4 then?

          • opader says:

            Here is a count for Cycle 1 primaries ….
            666.79 – 1370.58 – 1074.77 – 2019.26 – 1820.66 – 2134.72

          • skmcobra says:

            I figured you would state the 1820 drop last fall as P4. For me it was just too quick of a blip down/up to qualify as a Primary correction.

          • skmcobra says:

            Plus that would be a huge P5 rally from 1820 to 2134, with 17% growth. I just don’t buy that. We shall see…

          • opader says:

            EW is extremely flexible and regardless of what happens there is always a count that perfectly fits what has happened in the past. For that reason I have concluded that EW long term (anything longer than a week) projections are not useful when it comes to long term trading.

          • opader says:

            I understand Cobra that you don’t buy the drop from 2019 to 1820 as Primary 4, but why is it that you do buy the same drop as Major 4? They are both a wave 4.

            I am pretty sure that once (and of course if) SPX drops below 1820 with 2134 still as the all time high, then a new count showing SPX in a Cycle 2 correction would be considered as the “highly probable and valid” count.

  28. budfox9450 says:

    M Armstrong’s Economic Confidence Model….interesting
    but is it a valid, or deceiving market forecast?

  29. Arthur Knopf says:

    Not sure what to do with this one, but Humble Student lists it as one of his three favorite int term indicators as overbought/sold indicator along with VIX term structure and Trin. Notice 20 DMA at same position as 1 year ago.
    (ref, humblestudentofthemarkets.blogspot.co.uk/2015/12/do-you-believe-in-santa-claus.html)

    • budfox9450 says:

      I agree. To the extent. Not sure if the “use” of such a chart.
      From an indicator point of view,, I do not see great value here.
      That other oscillators, to not already provide.

      • budfox9450 says:

        For example. Look at a stochastic 82,3,2….that might
        also be of use, in market timing…Good work, “humble student”…

  30. fotis2 says:

    Does anyone have any views on John Paulson of Paulson&Co. hedge fund?

  31. bhuggs52 says:

    Hey Tony, good call on those no-down mortgages. I went ahead and actually read the SF Chronicle article (instead of feeding off just the headline) and those loans are going to a qualifying higher income group and the banks are holding the loans. I guess it pays to do the homework, although as a college English professor whose semester just ended, I’m done with homework…for a while.

  32. Tony, Thank You.

    By learning from you, and with God’s blessing, I had a profitable year of investing, and was able to donate over $21,000 to charities and good causes.

    I hope that everyone has a peaceful and profitable year in 2016. Rick

  33. budfox9450 says:

    Dec 27th – Market Volatility is often experienced in late
    Dec. But – a sharp rally toward 2100. Would then, a flip/flop.
    “down”, Into the 1st trading days of January 2016. Putting
    in a low near 1980. And this low, comes in at the last days
    of Dec. Stop here, we are 12/27 today, so that vertical
    price move would have to begin, very soon.
    Now, continuing. In the early days of January,
    A retest of the late Dec highs (2100) then we sorta
    crash….to 1930 ish. Thus, a volatile 5-8 trading
    days ahead…..Pretzels chart reflects the volatilty
    around the days, just after Jan.1st. comments?

    • budfox9450 says:

      My sympathy, goes out to those living in Texas, this am.
      Weather extremes in temp and precip abound. A rough
      Sunday, if you live in Texas….

    • pooch77 says:

      Jan 5th bradley turndate

    • blackjak100 says:

      Bud, a sharp rally toward 2100 would likely confirm an OEW uptrend. It also would confirm an uptrend by definition with a higher low (2005 vs 1993) and higher high (above 2077). Where is all the volatility going to come from during a shortened holiday week? Terrorist attack? I expect Mon to close higher after an early dip toward 2055-2057 if my squiggles are correct.

      • budfox9450 says:

        The SP low on 12/21, appears to be moving in a wave up toward
        the upper Bollinger band at 2109, and not impossible to tag
        the next resistance level at 2119…BJ you do good work. Your
        likely helping me, and everyone here at OEW…

    • James Reed says:

      Hi Bud
      Whose prognostications are you referring to in the above post?

      • budfox9450 says:

        Pretzels chart….

        • budfox9450 says:

          Good question, for I rarely forecast market prices,
          other price ranges, for a high/low pattern. I use
          the BoYu has most already know…this comment
          keeps me out of the market forecasting effort.

  34. xuwu992000 says:

    Failed 5th, failed W-C, failed this and failed that. Indeed, an ODD market, not the count. In my count, XX-Wave of a Triple Zigzag completed Wedn. at 2068; plunge will start Monday morning to 1946 in nine trading days, most likely on JAN 8.

  35. bhuggs52 says:

    Thanks Tony. A sober assessment as always. I look forward to the resumption of the uptrend in Wave V. Further into the future, I’m particularly hopeful about catching theshort to come, as I’m basically a bear at heart and make my best money on shorts (and not the kind you war). Say, isn’t there a movie out there now, called The Big Short? Here’s to THE BIG SHORT!

    • bhuggs52 says:

      ps-the big short may not be so far off, as a couple smaller banks in the Bay Area here are back to offering no-down mortgages. Sound vaguely familiar?

      • torehund says:

        Just took a birds eye look at the British Pound Sterling.
        It appears that from the financial crisis onwards (until the not so distant top vs USD) 2 ragged waves up can be counted: Starting a failed W-3 ?. Its reminiscent of the $GTX.
        A hysterical property bubble mixed with Corbyn gaining popularity is a sure sign of troubles ahead. Not necessarily because collectivism is bad in itself, but because the thought of “sharing” oftentimes becomes popular when most are already broke.
        Corbyn is more of a symptom than a cause, like sneezing and throat itching prior to influenza.

      • bhuggs52 says:

        Those guys in the band look like girls, so I guess we’re good, to the countdown.

    • frommi2 says:

      Major 1 took nearly 3 months, so patience is still needed. I expect the bull market top to be around April, that would coincide with seasonals.

  36. Gold has made a bottom . Cycle low in 2001 at $255 per ounce,and Cycle high in 2011 at $1924 per ounce equals difference of $1669 per ounce. Multiplied by 0 .618 equals $1031. We saw a double bottom in the high $1040’s in Dec. and now we are at $1075 per ounce. With adjusted $ price for inflation over the past 15 years, 1049 and 1031 are are close enough to call a bottom. (Especially with many looking for a price below $1000 in gold).

  37. fionamargaret says:

    ..lots of interesting stuff here…..

    Thanks Tony

  38. prakashbkc says:

    GM Tony sir,

    Crossing of 2085 is confirmation of maj 3 , Is it becoz of more than 80% retracement of entire fall from 2104 to 1993 or something else?

  39. mh says:

    Thank you, Tony. My usual weekly forecast is ready and is previewing another positive move, as market is on track for new highs. I see a lot of bears that shout loud and fearful, and have a lot of opinions and I wonder if their money follows their fear. If you are tired of opinions http://spxbot.com

  40. First of all I hope everyone had a great Christmas (was my b-day also-#58),but I can t help thinking in 1980 when Reagan was running against Carter (very similar to an Obama legacy(Clinton)vsTrump or Cruz candidacy in that people are looking for someone to take charge after a laid back few years.The pendulum swings the opposite usually in temperment and tone.Reagan was depicted as someone to be afraid of-a Goldwater type who would get us in a nuclear war and an outsider as Trump is.The press was not as involved in politics back then but if they were as much as they seem to be now,I wonder if Reagan would have had a chance.Just yesterday I read some Washington Post blogs on Trump.The moderator replies to every blog from a reader and if that reader is proTrump he gets a sig Heil Trump or a Fuehrer Trump EVERY TIME.!A little overboard on the comparisons?The liberals have certainly had their way lately and they re obviously in an aggressive mode to protect themselves and defame Trump who would probably be a Reagan type president when all is said and done-not a monster or fascist as the left is portraying him.But we DO know Clinton will try to give more free stuff away and push America further into what Obama has started.I ll vote for Trump over Clinton ANY day.

    • tony caldaro says:

      New Yorkers call Trump “the Donald” for a reason.
      You will not see Trump winning any support in NY, or the tri-state area for a reason.
      The rest of the country, however, could be hoodwinked because they do not know him.

      • …and they called Reagan “the Gipper”.Believe me I was no fan of Reagan(never voted for him)but all this stuff gets exaggerated to the point of lunacy.The president is just a figurehead anyways.I could vote for anyone but Hillary at this point Mr C.I just think we need a different direction as a country.Do you not agree with that?

        • jjjzzzwww says:

          just what the country needs, another “shoot ’em up”republican president to drag the country into another unnecessary $2 trillion war that will mostly be fought by lower and middle class military personnel only to have the same lower and middle class made to accept social spending cuts due to the extravagant fiscal spending on yet another unnecessary war……if, that is the “different direction” ….no thanks

        • tony caldaro says:

          yes, we need to first kick out professional politicians

        • simpleiam says:

          ALL politicians are actors. Reagan was just a better one. He “acted” the part, and it worked for him. If you look at Reagans record in CA when I was living there, it’s dismal. CA went downhill once Ronnie took the reins.

      • Dex T says:

        That same NY constituency would also have no trouble voting for Hilary even though she has nothing but contempt for most of them and use them only as cash registers to get her into power. Military personal, Secret service, White House staff and her own personal staff have all said what a terrible person she is and how awful it is to work with/for her.

        She has just as many (probably more serious) controversies than Trump does.

        It’s not a case of not knowing Trump, the tri state area generally votes Democratic so most Republicans are unlikely to win.

      • fishonhoof says:

        “The rest of the country, however, could be hoodwinked because they do not know him.”

        Hoodwinked is a relative term. How are you enjoying the $2,500 reduction in your health insurance premiums courtesy of “The Barack”? His awe-inspiring record of hoodwinkery is at least as unassailable as Cy Young’s 511 career victories.

      • manunidhi21 says:

        Namaste Tony.
        But the maximum amrcn ppl are sending the energy in the universe for Trump. Can you stop that. if not. he is POTUS.

      • Although the Donald has many faults and could be pulling the wool over our eyes….unfortunately there is no other choice. We have already been hoodwinked by the establishment…over and over and over again. Everyone else is controlled by the special interests and parties. If the Donald is nominated,and its looking like he will be, He is a superior cholce to Clinton and I think he will win by a landslide. Heres why… He is resonating as the voice of the people and hasnt even spent much money to do it. He also has no real ground troops as of yet……time will tell but people are sick of the LIES….sick sick sick

      • joecthetruthteller says:

        Agree 100 %

      • simpleiam says:

        Don’t think Trumpy will win, he’s splitting the Conservatives too much. Think we get another Democrat for POTUS.

    • Dex T says:

      Nice post! Happy belated birthday!

    • I have no interest in seeing politics of any kind in this forum. If you a chart of prices and an opinion, post. Otherwise, stay home.

      • It was brought up below as an indicator of a future 50% decline.Personally,I have no interest in seeing people post they”they have no interest in seeing politics on this forum”.If Mr C doesn t want to post it thats fine ,but I see baseball,football,religion,philosophy and news events on here.Merry Christmas though.

      • simpleiam says:

        Agree with learned on this. Talk about everything else. Hope everyone shows some grace with the conversation.

    • budfox9450 says:

      I prefer the lady, Carly Fiorina.
      She has little if any support, at
      the moment. She would be my
      choice, 2nd is Carson, 3rd Trump.
      Never a democrate…:)

  41. torehund says:

    Bullish for nat-gas if they decide to stop this tracking madness.

  42. camper1888 says:

    Thanks tony, my money is on snp 1973.. Happy holidays

  43. torehund says:

    Thanks for the Update Tony. Its interesting that we could have a failed C, daily is probably ready to put in some positive bars, 60 min a little weaker than the former.
    $GTX has to go into history as one of the worst of all failed 3rd waves, this bull is all about sectors in favor, or disfavor.
    Wave Performance is all about the Macd, and SPX is still very favorable in the Monthly perspective, albeit the recent P4 downturn.
    Its still a bull market folks 🙂

  44. nyjsec314 says:

    I can’t even imagine the way that this country and this world will react if the market sells off 50% 12-18 months from now. Maybe the mkt is predicting a Trump presidency after all.
    Merry Christmas to you and yours

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