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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (18492)

12/1/2016 7:54:13 AM

From: John Pitera

Respond to of 33421

as readers of this thread know I don't sit around saying every week or so time to buy stocks for the big rally... or time to sell stocks for the big decline...... I have had very little to say this year as the SPX and broader indicies have not done all that much this past year...

After keeping my powder dry I did point out on November 6th that it was the classic set up to be going long the SPX in a bull market...........I indicated it was now time for a very nice bull move to occur.

The stock futures were even generous enough to give us a sell off that took the SPX nicely below it's 200 DMA on the evening of the election so it did provide that downside fake out to help to get the maximum number of people bearish..... and it did provide a nice entry point for futures traders. with the market on the SPX futures approaching limit down I pointed out to H! and Bob Furman

that:

To: humble1 who wrote (24696)	11/9/2016 11:53:38 PM
From: John P	Read Replies (2) of 24856

H1, my friend this the big bull market rally that you have patiently been waiting for . This will be a very powerful move, really an historic one. This will be the kind of Mega move in stock that Bruce Kovner described in his Market Wizards interview... it occurred in West Germany in 1982 after the election of a pro business government. We shall indeed be going to very lofty levels.. In my opinion we do not need to be thinking as much as when to sell as much as we need to be taking advantage of the biggest move we'll going to see in years. Our good friend Bob Furman has the theme down very nicely and I believe very presciently. Dr Copper has completely exploded to the upside.... just as it should... I'll post a few updated charts, several markets are telling us extremely important and exceptional things. very beneficial structural changes to business regulation, productiviy, major restructuring of the business tax code, The Repatriation of $4 Trillion of overseas corporate money and profound new incentives for large and small businesses that will compel significant capital investment. Changes are coming to the FED and interest rate policy and this will be beneficial too. The biggest negative on the radar is Italy and their December vote where they will be leaving the EU. They have a ridiculously huge bond market and a banking system that is no bueno. John

Message 30836673

and commented on the huge move after the limit down move at 6:14 am on Nov 9th

To: robert b furman who wrote (24687)	11/10/2016 6:14:02 AM
From: John P	of 24856

have you run the numbers from a purchase of US indices from the time we talked in the very early hours of Nov 9th until now John

Message 30836821

To: Hawkmoon who wrote (18451)	11/6/2016 6:32:16 PM
From: John P	2 Recommendations of 18492

Well the SPX closed right above it's 200 Day MA on Friday. That's the place to be buying in a bull market. *We should be seeing a very nice bull move occur presently..... Albeit, it would catch the maximum number of people leaning on the wrong side of the boat if the SPX were to break below the 200 DMA for a day or so.* Markets statistically just about never can go down for more consecutive days than 11 - 12. I remember when the AUD bond market was down for 12 straight days in Sydney in 1986, everyone on the Citibank trading floor were very bearish and had a very nice swing up in price. The full stochastic has reached an extremely oversold level.... we'll have to keep an eye on the money flow index. John

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and back in February we were pretty quick to realize the low was in in Crude and that the SPX and US stocks would rally.......

Message 30459526

To: The Ox who wrote (17774)	2/16/2016 3:14:47 AM
From: John P	1 Recommendation of 18493

Crude Oil Daily chart gives a momentum buy signal for the first time in a year with the close last thursday With the Chinese Goosing the Yuan with huge appreciation and very large stock market rally The yuan posted its biggest advance in more than a decade on Monday in Shanghai after central bank Governor Zhou Xiaochuan voiced his support for the currency. and with the tentative Crude production cuts...... Oil Prices Rise Sharply on News of Saudi-Russia Production Meeting Investors speculate about possible production cut or freeze Updated Feb. 15, 2016 10:50 p.m. ET 6 COMM Updated Feb. 15, 2016 10:50 p.m. ET 6 COMMENTS Crude-oil prices rose in early Asia trade Tuesday on news that the Saudi Arabian and Russian energy ministers are set to meet in Qatar later today to discuss production, stoking speculation of a possible production cut or freeze. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March recently traded at $30.82 a barrel, up $1.38 in the Globex electronic session. April Brent crude on London’s ICE Futures exchange rose $1.20 to $34.59 a barrel and China stocks rallying heavily *we have a set up for a big continuation of the rally that started last thursday afternoon* China’s stocks rallied the most in three months, led by technology and industrial companies, after data showed the nation’s banks doled out a record amount of loans in January. The Shanghai Composite Index climbed 3.3 percent to 2,836.57 at the close, paring its decline this year to 20 percent. PetroChina Co. advanced 2.6 percent. New yuan lending jumped to 2.51 trillion yuan ($390 billion) last month, beating analyst estimates. Hong Kong’s Hang Seng China Enterprises Index extended Monday’s advance. The yuan weakened after having its biggest gain in more than a decade. oh and we finally developed the first daily momentum buy divergence in a year on crude's close last thursday.... so laizez le bon temps roulez This *means it's time to load up on some serious long side exposure on a trading basis.... I am a firm believer in stop losses .... and the troubles of 2016 have not evaporated..... but make hay when the sun shines. god bless global markets and globex......* the comments in green are the ones to pay attention to the earlier comments are from the wuthering heights decline........ JP