Tomorrow's World,

Market Update: 8th August 2011
Crash? Not for us! How about a FULL reversal?

We have a monthly Dow Jones chart above and the contrarian in us paints this picture. This is due to two reasons: Technical AND Psychological.

Technical factors
The market is OVERSOLD in a very short space of time.
If we have topped on this EXTREME dead cat bounce, the argument is tops are not normally completed in one hit.
We will have immense support at around 11060 from where the market could rally near 1000 points.
We have a slanting downward channel in which the mid intersection of this channel should provide support near very similar level.
Vix – the volatility index has surged in what should be a preview of what’s to come but not before a reversal.

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Market Update: August 4th - U.S. Markets staged a big comeback yesterday but historically that is not normally a positive. The Nasdaq on the other hand was leading the way higher, which can be a lead indicator in itself but not much to go by in light of recent action. Are the markets crashing? No! This is a corrective move AND the media is unwrapping it all as its unfolding. The real moves happen without media attention. This will come back and it’s hard to say if 12000 is over - the contrarian in us says possibly not yet. The TMS system bagged 234 points with the Euro short at 14404! The Sterling is currently range bound in our opinion. When Joe blogs thinks its time to sell his shares after reading all the media news about the market falls that’s when this baby.....
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In light of the days action the TMS system exited its Dow Jones and Nasdaq100 signals in which the system netted large gains such as over 750 points for the Dow Jones in less then 7 trading sessions. In light of the action, technical and fundamental, the TMS system has now triggered two more new signals for the Dow Jones & Nasdaq100......

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August 2nd - Although the markets have been declining nicely the TMS system has exited the Dow Jones & Nasdaq100 signals partly because support had held the Dow Jones nicely at 12000 and the Nasdaq has been painting a mixed picture. In addition to these comments the markets have been over stretched in a short space of time and of course this can be totally meaningless IF a real move kicked off BUT for the moment the 55 day low needs to be taken out. So for the moment for are happy to note that the Dow and co is simply stuck in a vicious range. Finally the Dow also has underlying support at 11900 and the 55-day low stands at 11835. Should this low be penetrated then we would expect the TMS system to fire another Sell signal as a move south could hammer stock markets down. For now we’re happy with the 751-point Dow Jones gain coupled with the 79 points on the Nasdaq100 and at this point in time it’s best to stand aside.

22nd July - Markets are stretching towards upside limitations, which is coinciding well with the current Eurozone debt plan (Greece) that is hovering high in the media. It is common knowledge that in light of the debt plans, markets are moving higher - worldwide knowledge (media). Therefore we are happy that the system has made the following triggers - Contrarian angle.