Something of Interest

On Saturday, September 14, 2013, I will be publishing the next edition of the Sinibaldi Report. It’s a timely and a comprehensive report that primarily features Bonds and how they are a leading indicator of economic activity.

In that issue, I reveal to what extent, or if at all, the FED will taper. I also take an in-depth look at intermarket relationships and where the United States is within the business cycle… presenting clear annotated charts and elliott wave analysis to support conclusions.

I also dive into natural resources such as oil, gold, silver, copper, crude oil plus commodity currencies and much more.

In my opinion, this is some of my best work yet. Essentially it is a blueprint for the markets for the remainder of the year. So, if you are not already a member of the Sinibaldi Analytics community... now may be the time. I have a number of ways for you to benefit:

Best Bang for Your Buck

Start with access to the Sinibaldi Report

Free Access



Best of Trading

I've Got News...

As you know, I'm busy working with some tax experts regarding the offering of digital products outside of the U.S. At present, non-US visitors to mikesinibaldi.com are currently limited to free subscription content areas of the Site.

I've Got News

I've made some tweaks to the Sinibaldi Digest. It's now called Mike Sinibaldi's Elliott Wave Briefs (btw---it's free) so everyone can get more of my elliott wave analysis and insights. In just under five minutes, you'll know what's on my mind with regard to:

• The S&P 500 or Emini S&P Futures, 
• Currency Pairs, 
• Natural Resources (Gold, Silver, Copper, Oil) 

I'll also help you find stocks that are on the move based upon scans of all my stock lists and proprietary screens to find the potential for big gains. Most stocks appear on the list before they break out, so you'll have time to add them to your watch list and make a plan of action.

So make sure you make Mike Sinibaldi's Elliott Wave Briefs part of your day. Five minutes and you'll have know what to expect.

The new format begins on Monday, so make sure to subscribe and take full advantage of this service.

For now, here's today's free update ---  http://bit.ly/15QSN8A

Best of Trading

Silver Update: How I'm Playing Silver

INTERMEDIATE TREND BEARISH

IMO, the most recent rally in silver is mature, if not already complete. There is no secret to the fact that many larger players are net short of this market and manipulate price. I believe the powers to be will not let price significantly go against their positions and price suppression is likely. 

A few days back I detailed how market participants break nodes (see YM post for details). A similar set up may be on the horizon as juicy stops lie just below 2615. 

While the price structure seems to imply that the overall long term up-trend in remains intact, when I evaluate this chart pattern from 2615 lows, there is no high percentage way to label the move up as a new impulse 5th wave that would eventually make new highs.  Therefore, it's prudent to say that this market will spend more time consolidating it's gains before retesting the 4982 top. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.    

Why FED Will Not Disappoint

 "The Boys Club of Wall Street Cronies"

Already Know The Outcome. We Don't! 

The general market has been range bound leading up to the Fed’s annual symposium in Jackson Hole, Wyoming. For weeks I've been looking for clues as to whether or not the central bank will use the address to pave the way for another round of monetary stimulus via quantitative easing or asset purchases.

Yesterday I gave my opinion on Gold  . Charts of silver are similar in nature. My trading plan requires another up sequence to complete what I believe is a corrective pattern. If that statement implies that recent price appreciation has built in a positive FED announcement and a sell the news event occurs, then so be it. 

Regardless of what the FED states, does or doesn't do, the charts tell me that each market should rally into my target zones and then fail. As such, I don't believe that the FED statement will take further easing off the table but the won't commit to it either therefore aligning the wave pattern top with the news event. 

I'll be monitoring gold and silver for further evidence that a fourth wave is completing. Should gold and silver trade above 1677.5 and 31.10 respectively before the market closes, it most certainly will make tomorrow even more interesting. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or  securities related to this article. 

Silver Tongue Chart : Update

Silver is popping today and as I mentioned a few days ago, the metals had my full attention due to the fact that the FED minutes might indicate further QE. The following link Elliott Wave Live: Silver Tongue Chart  provided my initial comments on Silver.

The above chart shows that I was looking for an up, down sequence to complete a w.C=w.A move to 23.47. That didn't happen. However, that doesn't mean that my count is invalidated. The count invalidates on a print above the w.(1) low of 31.222 due to the fact that in motive waves, w.(4) never moves beyond the end of w.(1).  Yet, other clues suggest this interpretation is wrong. Here's why.....

• Applying time factors diminishes the probability of this count as the length of time consumed by w.(4) is much longer than w.(2). W.(2) is 8 bars long while w.(4) has reached 41 bars and is still incomplete. 

• From a proportional view, w.(4) is much larger.  

So what are the other scenarios? Are we in full bull mode or is this a counter trend move that will be fully retraced?

The alternate that I offered in my initial post has been applied to the weekly chart level as it's possible that the alternate scenario will play out and if so, price will make new lows. The fact of the matter is that it doesn't really matter if this market is in full bull mode because I'm looking to buy this market anyway and the location of my entry as well as my stop placement is what matters.

Once this advance ends the next move down will tell all. Should it be in three waves, I'm a buyer against the lows. If the decline is in five waves, then I'm a buyer at lower levels.

As always, I'll continue to monitor this chart and provide updates so that you can learn how I'm applying Elliott Wave Principle.

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.   

Silver Tongue Chart

Recently I was reviewing some charts of markets that I don't actively trade and I came across the chart of Silver.  
By definition,  "Silver Tongued" is having or exhibiting the power of fluent and persuasive speech; eloquent.

The monthly, weekly and daily chart levels of Silver are eloquent indeed. 

Watch my video, entitled,  "The Silver Tongue", a monthly, weekly and daily chart level discussion of Silver futures; dominant elliott wave patterns and SLV (silver etf). 

See how I'm approaching this market.

Best of Trading 

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blog site.