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The following charts are for reference to the interview of George Slezak by Ike Iossif of Market Views .TV on March 1, 2017.

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MARKET COMMENT 3/1/2017

BOTTOM LINE: BASED ON OUR OVERVALUED CONDITION, A HYPER VOLATILE DAY LIKE JANUARY 23rd, 1987, MIGHT NOT RECOVER. IT COULD SIGNAL THE BEGINNING OF A NEW BEAR MARKET.

 

We just tied the 1987 record for most up days in a row on the Dow Jones Industrial average. In 1987, a few days after the record 12 up closes in a row the Dow Jones Industrial Average had a 7% range, one of it's most volatile days in history, on record volume. 

Could we see a extreme volatile day on record volume in the next few days?

 

Yesterday I sent a special alert email to my subscribers explaining the following:

This week we TIED the record set in January, 1987, for the longest streak of 12 up closes in a row. In 1987, a few days after the streak ended, we had one of the most volatile days in market history. 

Will the market have a similar extreme volatile day in the next few days?

 

On January 23, 1987 the Dow Industrials had a daily range of over 7%!!!

The January 23, 1987, theoretical high and low was 2,214.57, and 2,062.85. That's a 152 point range on the Dow. A 7% range on today's Dow of 20,812 would be 1,505 points. On the S&P 500 at 2,363, a 7% range would be over 150 points!

 

CHART 1

 

 

In January 1987, I was trading in the S&P futures pit and earlier that week we were trading "normal" daily ranges of around 1%. On the first down day to break the streak the range of the S&P was 271.03-267.65. On  Friday, January 23rd ,the range of the S&P was 280.96-268.41. We went from a "normal" range of about 2.50 points to 12.50 points!

The market had been trading in a normal range in the morning and packed the entire 7% decline into the last few hours of the trading day. The next morning, Saturday, we had a special trade checking to clear up trade errors so we could open on Monday.

January 23, 1987 was the largest trading volume day in NYSE history up to that point. Currently the largest share day in the history of the NYSE is over 11 billion shares. 

Could we exceed the largest number of shares traded in a day in NYSE history IN THE NEXT FEW DAYS?

 

CHART 2

 

In January, 1987, the S&P 500 was trading at a PE of around 17 times trailing GAAP earnings. Today, the S&P 500 is trading at a PE of near 25 times trailing GAAP earnings.

 

BOTTOM LINE: BASED ON OUR OVERVALUED CONDITION, A HYPER VOLATILE DAY LIKE JANUARY 23rd, 1987, MIGHT NOT RECOVER. IT COULD SIGNAL THE BEGINNING OF A NEW BEAR MARKET.

Good luck and good trading

George

 

PS. Please read the new items in my reading list in the right hand column of the Solar Cycle.

 

 

 

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Sun Spot cycle info 

http://time-price-research-astrofin.blogspot.com/2017/02/the-sunspot-cycle-and-stocks-robert-r.html 
Feb, 2017.
The Sunspot Cycle and Stocks | Robert R. Prechter, Jr. and Peter Kendall

http://time-price-research-astrofin.blogspot.com/2017/02/sunspots-real-cause-of-higher-grain.html 
Feb, 2017. Sunspots - The Real Cause of Higher Grain Prices | Tom McClellan

http://time-price-research-astrofin.blogspot.com/2017/02/exuberance-is-beauty-on-political.html 
On the Political Influence of the Sun

liberal governments was 155,6% higher than during the rule of conservative governments. The conservative governments never had power when the number of sunspots was over 93.

https://solarscience.msfc.nasa.gov/predict.shtml
 Solar Cycle Prediction (Updated 2016/10/06)

"This second peak surpassed the level of the first peak (98.3 in March 2012). Many cycles are double peaked but this is the first in which the second peak in sunspot number was larger than the first." 

Also, see this article for methods of predicting the next sun spot maximum. 

https://nextgrandminimum.wordpress.com/ 
Jan 2017 The Next Grand Minimum

The impact of cosmic rays on the climate are still being debated some scientist think more rays increase cloud cover, thus cooling the plant, other see the opposite impact, less cloud cover. The science is still unsettled. What is your opinion?  More cosmic rays equal more clouds?  Fewer clouds?

https://wattsupwiththat.com/2012/01/25/first-estimate-of-solar-cycle-25-amplitudesma
BACK TO 2012 - First Estimate of Solar Cycle 25 Amplitude – may be the smallest in over 300 years

https://ww.youtube.com/watch?v=6hOuJF14kpA 
January 2017 Baltic Freezes, Venice Freezes & DNC wants to prosecute those talking about a Mini Ice Age (292)

http://www.timescall.com/lifestyles/ci_30725189/boulder-scientists-expertise-tapped-forecast-contiquiet 
Boulder scientists' expertise tapped in forecast of continuing solar quiet

https://serbian.wunderground.com/blog/JeffMasters/as-earth-warms-up-the-sun-is-rem
As Earth Warms Up, The Sun Is Remarkably Quiet

http://www.lunarplanner.com/SolarCycles.html 
Latest Update: July, 2016: The Solar Maxima is Over. We now enter a Solar Minima. Learn about Climate Change, The potential of a coming Mini Ice Age, and much more.

http://www.dailymail.co.uk/sciencetech/article-3980462/The-dead-sun-Stunn 
November 2016: The 'dead sun': Stunning Nasa video reveals barren solar surface with lowest level of actvity since 2011. could send Earth into a ‘mini ice age.’

https://www.armstrongeconomics.com/world-news/climate/the-new-mini-ice-age-coming-rapidly/
November 2016: The mini-Ice Age maybe coming faster than we expect.

http://www.express.co.uk/news/science/723481/Earth-ICE-AGE-big-freeze-solar-activity 
October, 2016: Earth faces another ICE AGE within 15 YEARS as Russian scientists discover Sun 'cooling'

Climate models have shown that low solar activity interferes with the Jet Stream – the current of air and warm water which keeps Britain’s temperatures higher than they would otherwise be. 

http://principia-scientific.org/strong-evidence-that-svensmark-s-solar-cosmic-ray-theory-of-climate-is-correct/ 
Strong Evidence That Svensmark’s Solar-Cosmic Ray Theory Of Climate Is Correct  Published on September 21, 2015

https://www.youtube.com/watch?v=ANMTPF1blpQ 
Svensmark: The Cloud Mystery

https://www.youtube.com/watch?v=Fdl-_m7sTRQ 
Record Snows, Early October, North America | Mini Ice Age 2015-2035 (233) 

http://www.huffingtonpost.com/dr-sten-odenwald/waiting-for-the-next-suns_b_11812282.html
September, 2016. Waiting For The Next Sunspot Cycle: 2019-2030

http://www.lunarplanner.com/SolarCycles.html 
September, 2016. Solar Cycle #25 Latest Predictions & the Coming Mini Ice Age

https://nextgrandminimum.wordpress.com/ 
September, 2016. Cosmic Rays Increasing According to Spaceweather.com

http://www.arrl.org/news/higher-bands-will-pick-up-this-fall-data-suggest-smaller-solar-cycles-lie-ahead 
September, 2016. Higher Bands Will Pick Up this Fall, Data Suggest Smaller Solar Cycles  Lie Ahead

https://www.armstrongeconomics.com/markets-by-sector/agriculture/solar-physicist-sees-global-cooling-ahead/ 
August, 2016. It does appear that we are looking at a rise in food prices after 2017

https://wattsupwiththat.com/2016/08/09/solar-physicist-sees-global-cooling-ahead/ 
August, 2016. Solar Physicist sees cooling ahead

http://www.dailymail.co.uk/sciencetech/article-3707594/Mysterious-triple-whammy-eruptions-occur-minutes-
July, 2016. Mysterious 'triple whammy' eruptions occur within minutes of each other on the surface of the Sun - its first major flares since APRIL

http://www.chroniclelive.co.uk/business/business-news/mini-ice-age-could-freeze-11607587 
July, 2016, Mini ice-age which could freeze the Tyne is on the way, says Newcastle academic

http://investmentwatchblog.com/mini-ice-age-history-shows-global-cooling-is-coming-not-increased-warming/
July, 2016, Mini Ice Age: History Shows Global Cooling Is Coming, Not Increased Warming!

http://www.zerohedge.com/news/2016-06-29/fema-contractor-unrest-after-395-food-price-spike-coming-soon 
June, 2016,  FEMA Contractor: Unrest After 395% Food Price Spike Coming Soon

March, 2016, Dr Svalgaard Makes Preliminary Prediction Of Solar Cycle 25 Size
https://cbdakota.wordpress.com/2016/03/22/dr-svalgaard-makes-preliminary-prediction-of-solar-cycle-25-size/#more-8265  

Feb, 2016, Solar cycle 24 activity continues to be lowest in nearly 200 years 
http://wattsupwiththat.com/2016/02/11/solar-cycle-24-activity-continues-to-be-lowest-in-nearly-200-years/ 

Nov, 2015, A Dalton-like Amplitude for Solar Cycle 25
http://wattsupwiththat.com/2015/11/19/a-dalton-like-amplitude-for-solar-cycle-25/ 

July, 2015, Irregular heartbeat of the Sun driven by double dynamo   https://www.ras.org.uk/news-and-press/2680-irregular-heartbeat-of-the-sun-driven-by-double-dynamo  

July, 2015, Diminishing solar activity may bring new Ice Age by 2030
http://astronomynow.com/2015/07/17/diminishing-solar-activity-may-bring-new-ice-age-by-2030/
 

July, 2012, Frank Hill: Future sunspot drop, but no new ice age
http://earthsky.org/space/frank-hill-sees-future-sunspot-drop-no-new-ice-age 

May, 2006, Solar Cycle 25 peaking around 2022 could be one of the weakest in centuries.  
http://science.nasa.gov/science-news/science-at-nasa/2006/10may_longrange/

 

Solar Cycle Prediction and Reconstruction Using Spherical Advective Magnetic Flux Transport Codes
 http://www.nas.nasa.gov/publications/ams/2015/11-03-15.html    Presentation PDF
http://www.nas.nasa.gov/assets/pdf/ams/2015/AMS_20151103_Hathaway.pdf 

 

 

 

The $49 per month subscription to the George Slezak web sites includes access to Commitments of Traders .com , and Stock Index Timing .com , where recommendations on the stock, bond and gold markets are made each week end considering the data in the COT Report. 

The $49 per month subscription is billed month to month to your credit card through PayPal, click here to subscribe.

 

 

 

All aspects of any trade recommendations contained in this report are subject to modification at any time. 

FUTURES TRADING INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE AND THE RISK OF LOSS SHOULD BE CONSIDERED CAREFULLY BEFORE MAKING ANY TRADES. A STOP LOSS MAY NOT LIMIT YOUR LOSS TO THE AMOUNT INTENDED.  YOU SHOULD BE FOREWARNED THAT SYSTEMS WHICH TRIGGER FREQUENT TRADING SIGNALS AS PART OF A DAY TRADING STRATEGY CAN RESULT IN SUBSTANTIAL COMMISSIONS AND FEES. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. ANY STATEMENT OF FACTS HEREIN CONTAINED ARE DERIVED FROM SOURCES BELIEVED TO BE RELIABLE, BUT ARE NOT GUARANTEED AS TO ACCURACY, NOR DO THEY PURPORT TO BE COMPLETE.

ANY REFERENCE TO PERFORMANCE IS INTENDED TO BE UNDERSTOOD AS STRICTLY THEORETICAL. 

REGULATORY DISCLOSURES REGARDING HYPOTHETICAL RESULTS

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS EXISTS IN FUTURES TRADING.

All traders should read the  CFTC CONSUMER ALERTS and the "COMMISSION ADVISORY" on trading systems.