S&P 500 Reaches Up Side Target – Now What?

The S&P 500 has reached the up side target zone highlighted in February and August/September 2016. Now what?

The August 28, 2016 PRR published the chart below and stated: “Elliott Wave Theory and the June breadth thrust suggest that any weakness will be bought (perhaps even furiously). We consider the longer-term up side potential to be significantly larger than the down side risk.”

Barron’s rates iSPYETF as “trader with a good track record” and Investor’s Bussines Daily says “When Simon says, the market listens.” Find out why Barron’s and IBD endorse Simon Maierhofer’s Profit Radar Report.

Since the wave 2 pullback was on the shallow side, the dark green Elliott Wave Theory count (with wave 3 target around 2,390) became operative.

The September 5, 2016 Profit Radar Report said the following: “The chart below shows the long-term up side target purely based on projected symmetry. Based on the 1997 – 2013 trading range, the measured up side target is S&P 2,330 – 2,485, which is in the general vicinity of the 2,290 – 2,342 Fibonacci levels mentioned in the 2016 S&P 500 Forecast. Higher targets are possible, but we’ll reassess once we get there.”

As the updated symmetry chart shows, “we are here!” Now what?

Stocks are at peak momentum (35-day RSI is at the highest level in 20+ years). As the Profit Radar Report highlighted many times in the past (most recently on December 14), stocks rarely ever top at peak momentum.

This means, we are not at a major market top. But the risk of a pullback is increasing. The latest Profit Radar Report shows the most likely spot for a pullback, along with the scope of any pullback.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Advertisements

Profit Radar Report’s 2017 S&P 500 Forecast

The full year S&P 500 forecast is my biggest project of the year, and quite frankly it’s kind of a thankless job. Why? It gives every critic a documented, black and white foundation for criticism.

It is impossible to predict a full year of stock market future, that’s why market forecasts are loaded with ‘ifs,’ “buts,’ and other ambiguities. Anyone attempting to predict the unpredictable is doomed to miss the mark.

That would explain why no other newsletter (at least not that I’m aware of) publishes an actual full year S&P 500 chart projection (2016 projection shown below). Accountability is an underrated (if not entirely ignored) concept on Wall Street. But what’s the purpose of following many time-tested indicators if we don’t put them to work?

Subscribers to the Profit Radar Report deserve a straight-forward forecast. My goal is to provide a rough roadmap for the year ahead, based on what indicators are telling us right now.

Before we get to the 2017 S&P 500 Forecast, here is a review of the 2016 S&P 500 Forecast, published on January 31, 2016.

2016 S&P 500 Forecast Review

Below is a review (and small excerpt) of our 2016 S&P 500 Forecast, based on four key indicators (supply & demand, technical analysis, investor sentiment, seasonality and cycles). Each indicator/forecast is graded with a green pass, red fail or red/green draw symbol.

At the time of publishing (January 31, 2016), our bullish 2016 outlook was truly contrarian.

A more detailed version of the 2016 S&P 500 Forecast was published here.

2017 S&P 500 Forecast

It wouldn’t be fair to re-publish analysis paid for by subscribers here for free, but I feel comfortable sharing a few key points.

The 2016 S&P 500 Forecast featured this Elliott Wave Theory based forecast, which pointed to new all-time highs with a target around 2,290.

Our major market top indicator confirmed the most recent S&P 500 highs. This means a major market top is, at minimum, months away.

The up side target has been adjusted accordingly. In fact, the 2017 S&P 500 Forecast expounds on a more bullish Elliott Wave interpretation (which was first discussed in the August 28 Profit Radar Report).

We will crosscheck the S&P 500 future S&P 500 pattern against our major market top indicators and investor sentiment (the 2017 S&P 500 Forecast includes a sentiment comparison between 2007 and 2017) to determine whether upcoming all-time highs will be a major top or not.

Beware of 15% Correction!

Despite the bullish potential, and even if this bull market has (much) further to go, the S&P 500 is likely to suffer a 15% correction in 2017.

Why and when, and much more detail, is revealed in the Profit Radar Report’s 2017 S&P 500 Forecast

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

What to Expect from the Post Election Stock Market

Were you able to get one of the special edition “Madam President” Newsweek issues?

That’s right, Newsweek printed and delivered newspapers featuring Hillary Clinton as president elect.

News-based Approach

“Like everybody else, we got it wrong,” said the CEO in charge of this mishap.

Indeed, the media did get it wrong. According to the media:

1) Donald Trump was ‘supposed to’ be only second best

2) The stock market ‘was supposed’ to sell off if Trump wins

This is the second time in 2016 that media and market pundits got blind sighted and fooled by a big event.

In June it was the Brexit vote, which 1) went different than expected 2) the stock market rallied instead of crashing like it was ‘supposed to.’

The news-based approach requires two accurate guesses:

1) How the vote (or any event) will go

2) How the market will react to a certain outcome

As the above two examples show, the market rarely follows the expected path.

Indicator-based Approach

The indicator-based approach has proven to be much more accurate than relying on news. The last free S&P 500 Forecast pointed out a number of sentiment extremes and stated that:

The best opportunities are born in times of panic. The more panic, the better the opportunity. It’s risky to short such a market, and much more promising to look for a low-risk buying opportunity.”

Stock futures suffered a brief panic selloff on Tuesday night (S&P 500 futures were down as much as 120 points), but quickly recovered.

This was in line with this observation shared in the November 6 Profit Radar Report:

The VIX is stretched to the up side, with various bullish sentiment extremes and bearish seasonality. Excessive fear shown going into an event causing uncertainty (election) usually results in a quick retreat of fear once results are in and digested.”

The VIX has lost over 50% in the past few days.

It’s hard to believe that the S&P 500 cash index (unlike the S&P 500 futures) remainded above support identified last week and reacted immediately to the oversold condition and bullish divergences.

Back to Basics

With election uncertainty out of the way, we can refocus on the basics:

Short-term, the S&P 500 is butting against triple resistance while overbought. In addition, the days following the election tend to show some weakness.

Longer-term, there are a number of bullish forces which should push stocks through resistance.

  1. The correction we expected last month reached our down side target (reason for correction and down side targets are shown here).
  2. The tailwind of two breadth thrust in 2016 bodes well for stocks (detailed breadth thrust analysis with implications is available here).
  3. S&P 500 seasonality is bullish for the remainder of 2016
  4. VIX seasonality is bearish for the coming weeks. XIV is up 8% since we last recommended it (after closing a 14% XIV gain in September). Here is why we like the XIV trade.

The Profit Radar Reports up side target may be surprising to many, but it is strictly indicator based. At this point, only one ingredient is missing to unlock higher price targets.

Up side targets, the missing ingredient, and continuous indicator-based S&P 500 analysis are available via the Profit Radar Report.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

Stock Market Melt-Up Alert?

The S&P 500 is at new all-time highs, so it may be appropriate to call to mind – and then discgard – all the bear market chatter of recent months.

Here is just a small selection of bear market headlines:

  • Barron’s: “Bracing for a Bear Market” – February 19, 2016
  • Forbes: “Investor Alert: We’re Firmly in a Bear Market” – January 25, 2016
  • MarketWatch: “If it Looks Like a Bear and Feels Like a Bear, it Probably is a Bear” – January 14, 2016
  • Benzinga: “The Bear Market is not Over Yet” – September 30, 2015
  • Forbes: “Here Comes the Recession and Bear Market” – January 6, 2016
  • Kiplinger: “Best Funds for Riding out a Bear Market” – September 15, 2016
  • Time: “The Next Bear Market Won’t Roar a Warning Just for You” – September 12, 2015
  • Motley Fool: “3 Timeless Tips for Surviving a Bear Market” – September 11, 2015
  • Investorplace: “Why the Bears will Keep Winning” – February 9, 2016

We never bought into the bear market idea.

The Profit Radar Report’s 2016 S&P 500 Forecast expected new all-time highs in 2016, as illustrated by this projection published at the beginning of the year.

Barron’s rates iSPYETF as a “trader with a good track record.” Click here for Barron’s assessment of the Profit Radar Report.

Double Kickoff

Our bullish outlook was confirmed by the February ‘Kickoff’ rally, which was discussed in this article: 2016 Bear Market Risk is Zero Based on this Rare but Consistent Pattern

The April 17 Profit Radar Report featured another liquidity study and a more detailed S&P 500 projection (see chart below) along with the following commentary: “The most likely longer-term implications of our liquidity study remain in harmony with our 2016 S&P 500 Forecast: New all-time highs.”

Another breadth thrust, or kickoff rally, launched in late June, two trading days after the Brexit vote (see chart below).

The post-Brexit kickoff rally sported three bullish developments:

  • Up volume surge
  • Advancing stocks surge
  • New NY Composite a/d highs

The July 4 Profit Radar Report included a detailed analysis of this triple breadth thrust and concluded: “The NY Composite a/d lines are already at new highs, although the S&P 500 is not yet. This, along with the breadth thrust, strongly suggests that the S&P will follow in the not so distant future.”

The ‘not so distant future’ became reality five trading days later.

Buoyed by the breadth thrust, the S&P 500 gained the escape velocity needed to break above the glass ceiling near 2,130, which now serves as initial support (horizontal green bar).

Stocks may pull back due to short-term overbought conditions, but with or without pullback, higher highs are likely. It’s a buy the dip market.

Continued updates are available via the Profit Radar Report.

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

S&P 500 Forecast for Remainder of 2016

The full year S&P 500 forecast is my biggest project of the year, and quite frankly it’s kind of a thankless job. Why? It gives every critic a documented, black and white foundation for criticism.

It is impossible to predict a full year of stock market future, that’s why market forecasts are loaded with ‘ifs,’ “buts,’ and other ambiguities. Anyone attempting to predict the unpredictable is doomed to miss the mark.

That’s why no other newsletter (at least not that I’m aware of) publishes an actual full year S&P 500 chart projection. Accountability is an underrated (if not entirely ignored) concept on Wall Street. But, what’s the purpose of following many time-tested indicators if we don’t put them to work?

The 2016 S&P 500 Forecast was published on January 31, 2016 and is available to subscribers of the Profit Radar Report. Below is an excerpt of the 2016 S&P 500 Forecast (with some minor edits in consideration of paying subscribers).

Barron’s rates the iSPYETF as a “trader with a good track record.” Click here for Barron’s assessment of the Profit Radar Report.

At the time of publication, the S&P 500 traded in the mid 1,800s. One of the key questions addressed by the forecast was whether the May 2015 all-time high at S&P 2,134 marked the end of the bull market.

The S&P 500 Forecast is based on the four most powerful market-moving forces:

  • Supply & Demand
  • Technical Analysis
  • Investor Sentiment
  • Seasonality & Cycles

Supply & Demand

Technical Analysis – Support/Resistance Levels

There is Fibonacci support at 1,855 (Fibonacci projection level going back to 2002).

There is an open chart gap at 2,043.62 (just above Fibonacci resistance at 2,041). This is the bare minimum target for a Q1/Q2 rally.

Technical Analysis – Elliott Wave Theory

Investor Sentiment

Bull markets die of starvation. Just as a fire needs wood to burn, the stock market needs fresh buyers to move higher. Fully invested investors can only do one of two things: hold or sell. Neither action buoys price any higher.

Excessive optimism is an indication that buyers have become rare (because everyone who wants to buy has already bought). That’s why excessive optimism usually precedes a new bear market or sizeable correction. However, investor sentiment near the May 2015 all-time highs was not as euphoric as at prior tops.

Historically, sentiment around May 2015 was not bullish enough for a major market top.

What about current sentiment? Sentiment dropped towards extreme pessimism in January (some indicators triggered panic readings), which should provide a bullish tailwind for the weeks/months ahead.

Summary

The 2016 S&P 500 Forecast did not expect much down side following the January meltdown, but anticipated a market comeback with a ‘bare minimum up side target of 2,043.’

This target was already captured. What’s next? A short-term outlook is available here.

Continued updates are available via the Profit Radar Report. Barron’s graded iSPYETF (and the Profit Radar Report) a “trader with a good track record.”

Simon Maierhofer is the founder of iSPYETF and the publisher of the Profit Radar Report. Barron’s rated iSPYETF as a “trader with a good track record” (click here for Barron’s profile of the Profit Radar Report). The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

Detailed S&P 500 Forecast – Profit Radar Report Sneak Peek

Below is a complete excerpt of the S&P 500 analysis featured in the February 28 Profit Radar Report. This is a rare, and longer than usual re-print of s subscription-based report, but I believe you’ll find it interesting and worth your time.

To put this update into context, allow me to highlight some of the comments leading up to the February 28 Profit Radar Report.

The February 11 Profit Radar Report listed six reasons why the S&P is expected to rally and recommended to buy at 1,828.

The February 17 Profit Radar Report stated the following: “The S&P 500 is now at trend line resistance (1,930) and near the February high (1,947), which is likely to introduce some selling pressure. How the S&P reacts (and recovers) to any upcoming selling pressure may set the tone for coming weeks, possibly months.”

The last observation builds a nice bride to the February 28 Profit Radar Report. Enjoy.

* * * * * * * * * *

February 28 Profit Radar Report:

Since February 17, when the S&P 500 first spiked to 1,930.68, we’ve been watching how the S&P reacts to its overbought condition. It’s been a topsy-turvy eight trading days since, but the S&P gained an additional 18 points. This is a positive development for stocks thus far.

There hasn’t been much net-movements and little new information the past week, so we’ll use the time to review and perhaps clarify our outlook and analysis.

Revisiting our Projections

The February 10 Profit Radar Report listed four projections. One was outdated (#1). One was unlikely (#4). We’ve been following the other two projections (#2 and #3) ever since. Here they are again:

2) A drop towards or just below 1,812, followed by a rally just above 1,950 and a ‘better’ bottom, likely below 1,800 (solid thick yellow line)

3) An immediate drop to new lows (or at minimum test of prior low) followed by a rally towards and likely beyond 2,040 (thick dashed yellow line)

The chart below shows both projections along with some additional information.

On February 11, the S&P 500 dropped to 1,810.10, which was 2.19 points below the January 20 low (1,812.29). This new low activated both projections.

Although the S&P did not drop as low as the dashed yellow line shows (projection #3), it triggered the minimum requirement for projection #3 (“immediate drop to new lows”). Projection #2 (solid yellow line) was validated as well.

Initially, the dashed yellow line (projection #2) was our preferred outlook, but as mentioned in the February 17 PRR: “The solid yellow projection has lost some of its edge, and will lose more if the S&P shrugs off short-term overbought readings without major damage.”

Classic Technical Analysis

The blue lines outline a W or double bottom formation. The projected up side target of a valid W formation is somewhere in the 2,060 – 2,100 range. What would validate the W formation?

Depending on which criterions are used, the W formation is validated with a break above the February 1 high at 1,947.20 or the January 7 high at 1,985.

As a point of reference, the last W formation was carved out in August – October 2015 (blue box). The red bar highlights the W resistance zone(s), the green bar the post-bottom kickoff(s). A detailed analysis of the February kickoff rally (three consecutive daily gains of 1.5%+) was published in the February 21 PRR. If you are a new subscriber, take a moment to review the significance of this pattern.

2011 vs 2015

The February 7 PRR re-visited a comparison between 2011 and 2016. In 2011, the S&P broke its initial August low on October 4 against various bullish divergences. In 2016, the S&P broke its initial January low on February 11, also against various bullish divergences.

However, there were only 16 days between the January 20 and February 11, 2016 lows. In 2011, the S&P 500 chopped around for 40 days until finally carving out a lasting bottom on October 4.

In terms of price and divergences, the S&P already fulfilled the minimum requirement. In terms of time, it could take until March or April until we see a more lasting low.

Elliott Wave Theory

Based on Elliott Wave Theory, there are a number of valid interpretations. Here are a the 3 most applicable ones:

1) The S&P 500 completed a larger-scale wave 4 correction on February 11, which is to be followed by further gains and ideally new highs (dashed yellow projection #3). The conceptual chart below marks where we’re at right now, assuming this scenario is playing out.

2) The S&P 500 completed the fourth wave of a larger wave 4 correction on February 11, and needs another new low to complete the larger wave 4 correction. The final correction low would be followed by further gains and ideally new highs. (solid yellow projection #2 and conceptual chart below).

3) The S&P 500 completed wave 1 of a new bear market on February 11. The current rally is a counter trend move. Once complete, this rally would roll over into a steep decline (this scenario is unlikely, see conceptual chart below).

How to Discern the Difference

The obvious conundrum is to discern whether the S&P is more likely to follow projection #2 or projection #3.

Unfortunately, there is no way of telling. The February 15 PRR foresaw and phrased the predicament as follows: “We soon may have to decide if we want to use this trade merely as an ‘insurance trade’ against a runaway up move (in which case we hang on at least until 1,950), or if we want to cash in a somewhat respectable gain of 3-4%.”

As per the February 12 PRR: “If the S&P is going to turn lower, it should do so between 1,945 – 1,990.” The S&P entered this general turnaround zone last week.

We cashed in half of our position for a 5.2% gain. We are holding the second half in case a ‘runaway rally’ develops. More often than not, the onset of a runaway rally is unpredictable. It is not prudent to bet on the unpredictable, however, based on what we see, the environment for a runaway rally is in place.

At this point, we feel comfortable holding on to our remaining half long position, but we are not confident enough to deploy new capital.

Summary: The S&P is in the 1,945 – 1,990 region where a reversal is becoming more likely. However, the recent price action increases the odds that an upcoming reversal may only be temporary and shallow.

Immediate support is at 1,947, followed by 1,915. A move above 1,990 would unlock higher targets (2,040 – 2,100). A move below 1,915 would be a first step towards lower targets.

* * * * * * * * * *

End of February 28 Profit Radar Report

Since February 28, another price pattern emerged. This new pattern emphasizes the importance of the S&P 1,990 zone. All the details about this new price pattern and how it affects the S&P 500 outlook are discussed in the March 2 Profit Radar Report.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013, 17.59% in 2014, and 24.52% in 2015.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

 

S&P 500: The Tug of War Between the Need of New Lows and ‘Magnet’ Highs

Stocks are caught between a rock and a hard place.

On one hand, there’s the ‘need’ for a new low (more about why this is a ‘need’ in a moment). On the other hand, there’s a bullish reversal (selling climax), a breadth thrust, and an open chart gap (about 7% higher) that needs to get filled.

Who will win this tug of war? Bulls or bears?

Bullish Factors

Reversal Week: The S&P 500 painted a weekly reversal candle on January 22. The January 24 Profit Radar Report pointed out that: “All but one weekly reversals since mid-2013 were followed by at least another week of gains.”

Last week’s strong performance locked in the second week of gains. More details about the significance of weekly reversals (especially after a 52-week low) is available here: Spike in Selling Climaxes Leads to S&P 500 Reversal Week

Chart Gap: There is an open chart gap at 2,043. Since 2009, all open chart gaps have been closed. This one is unlikely to be different. At some point in 2016, the S&P will take care of this unfinished business.

Breadth Thrust: Last Friday (January 29), the S&P 500 soared 2.42%. 92% of S&P 500 stocks ended that day with gains. This was the strongest up day since September 8, 2015.

In theory, 90% up days, are an indication that buyers are ready to step up and drive price higher. But theory is not always reality.

The chart below marks all recent 92% up days. The two 92% up days during the V-shaped recoveries of 2014 led to new all-time highs. The two 92% up days in August/September 2015 were followed by a retest of the prior low.

The January 24 Profit Radar Report outlined this path for the S&P 500 (solid yellow projection more likely, dashed yellow projection less likely).

Thus far, the S&P is following the projection quite closely.

If you enjoy quality, hand-crafted research, >> Sign up for the FREE iSPYETF Newsletter

Does the January 29 breadth thrust conflict with the solid yellow projection? No.

Bearish Factors

As the chart below shows, there were numerous 92%+ breadth thrusts in August/September 2011, which closely resembles the yellow projected show above. The S&P eventual dipped below its initial panic low.

Why are we looking at the 2011 chart?

  1. This was the last 10%+ correction.
  2. It’s been more than three years since the S&P had a 2011-style correction (2012 was the last time), where the initial panic low is broken after weeks of sideways W action.

Throught 2013 and 2014 we’ve only seen V-shaped recoveries. The August/September 2015 correction was W-shaped without break of the initial panic low.

This doesn’t mean a 2011 correction (W-shaped with break of the initial panic low) has to happen now, but based on the principal of alternation (the stock market rarely delivers the same pattern over and over), the odds of a 2011-style correction are higher than before.

New lows against bullish divergences would likely be a good opportunity to buy. We are always looking for low-risk entry levels, thus the ‘need’ for new lows.

The 2016 S&P 500 Forecast has just been published. It includes a detailed analysis of supply & demand, technicals, investor sentiment, seasonality, cycles & patterns. The forecast answers whether a major top is in or not, and shows the maximum up-and down side for 2016. Numerous unique data points are combined to craft an actual 2016 S&P 500 performance projection chart. The 2016 S&P 500 Forecast is available to subscribers of the Profit Radar Report. Subscribe now and become the best-informed investor you know.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013 and 17.59% in 2014.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.