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SPX Monitoring purposes; Sold long 1/6/25 at 5975.38 = gain 1.59%; Long SPX on 12/31/24 at 5881.63.

Our gain 1/1/24 to 12/31/24 = 29.28%; SPX gain 23.67%

Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%

Monitoring purposes GOLD:Long GDX on 10/9/20 at 40.78.

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We are up 29.28% for 2024; SPX up 23.67% for the year. The second window bottom is the 63 day average of the TRIN dating back to mid 2017.We shaded in blue the times when the 63 day TRIN is above 1.10 which are bullish and predict higher prices for the SPY intermediate term. We shaded in pink when the 63 day TRIN is below 1.00 (current reading is .98) and this reading is bearish for the market. This reading happened at the last five tops. Market appears to be entering into a bearish period.

Today the SPY ran into the gap that formed on 12/27 (shaded in pink) on much lighter volume which in turn suggests the gap has resistance. We where hoping for volume to be high today to push the market higher short term, but that did not happen. Today’s TRIN was unusually low, hovering near the .45 range most of the day and another bearish sign.Today’s trading also produced a gap which we shaded in green.The 63 day TRIN remains in bearish levels and is a bearish sign for intermediate term. Market could remain mixed for the next couple of weeks and we will not be pushing trades in this timeframe. Sold long SPX on close today for gain of 1.59% and are now flat. 

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The second window down from top is the Inflation/Deflation ratio and top window is the RSI for this ratio.Short term lows have been found when the RSI reaches near 30 and turns up.December 30 the RSI closed at 27.74 and now stands at 39.39; triggering the bullish setup.

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