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Since the market blew down almost 800 points yesterday, we’ll begin this morning with an update of our “1929 Replay” chart.  As you’ll see, although we canceled our “December Crash Alert” that doesn’t mean we are completely out of the woods, yet.

Then we’ll roll through the charts where you’ll see where we could be going shortly.  Toss in a couple of news stories, and throw back a few cups of coffee and no matter how you slice it, this sets up to be an almost surreal day ahead.  Q5?

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There are a lot of very interesting news items this morning.  We’ll cover most in short summary form since a pages-long treatment of each gets boring.  Its also useless in terms of payback on time invested.

In keeping with the “excess bandwidth” discussion on UrbanSurvival Friday, we note already the passing of former president George H.W. Bush has, in many media, pushed the Alaska quake and G20 off the “above fold” area of screens.

Which is a mighty interesting thing, when you think about it.  Since, in our ever-so-humble view, the G20 going forward (along with the chances of a West Coast quake) are likely to have a much greater impact on your life.

No explaining other media, but it’s sure an odd spin on reality from our quirky perspective.

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With my consigliere landing this afternoon to work with me a bit on the upcoming Annual Outlook issue, I thought it would be useful this morning to kick around some of the specific data we’ll be looking at.

After we dodge a few bullets in the news headlines and scroll the chart by you, along with several strong cups of The Bean…

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This morning we scrap our usual format (headlines, charts, in depth report) to lay everything out in as much context as possible.

This is not alarmist – at least in the usual sense:  We are not saying the coming week will be a disaster.  But, the odds bump up from the non-zero region far enough to have our rapt attention.

Tray tables and seatbacks in their upright and locked position?

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First up this morning, the “Only Chart That Matters” – as we roll into a potential next leg down for markets next week.

Then, A number of subscribers have asked if there was a possibility of getting a more detailed market forecasting tool than the free spreadsheet (brainamp.xls) that is available to subscribers from the master index page..

The answer is “You bet! But there is some necessary fine print.  In order to make this project really valuable, we need to collect as many “Elliott wave trading rules” as possible in order to write the logic I have in mind.

I think you’ll see when we get into it, this “second generation” of market predictor may not only give us better understanding of Wave structures we’re considering at the primary level, but the rules may provide us an “educated” guess at the subordinate (smaller) wave structures..

In other words, if you know an Elliott Wave 1 move (up or down) then that not only infers what will happen at that level, but it also ripples down to the next finer level of granularity. (You do follow, right?)

We’ll get into this after we reveal the One Chart That Matters right now..

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Big smoke – not so much fire.  And we’ll pass on where some of that smoke has been blown (ahem!)…

We return to a familiar topic this morning with some fresh data to ponder:  What is “growth” and how is both the media and the political sphere spinning things?

After headlines, of course, and our weekly dozen-plus charts that (we hope!) print future money for us…

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In a recent UrbanSurvival column, I explained how Divisiveness is a result of the economic business model that defines how legacy news media operate.

This morning, we’ll go over that (briefly) and then get into where News is going.  I think you’ll find it fascinating.

After CPI data just out – and our usual tromp through some headlines – once the coffee sinks in – we’ve also got the ChartPack to review.

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A number of items on our agenda this morning: 

I’m ticked about some misleading things about the market that made headlines this week.  Silly financial press!

My consigliere has pushed-out more numbers on the arriving cap of state and local tax write-offs impacting in 2019 for Tax year 2018..

And we are working through what we expected from weeks ago – sour grapes and recounts…

Grab the coffee and let’s roll…

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Thankfully, the election is done and over – and in a second a few comments about it.  But, there are bigger fish to fry.  As we predicted Saturday, it looks like the first move post-election will be up (through Friday) as the market fires up this morning. 

More important?  We have been modeling drivers for the next economic downturn.  And this morning we’ll give you a thumbnail of  what’s coming.  A huge effective tax increase for people in high tax burden states.

Even if you aren’t a subscriber, you need to know that under the same “tax cut bill” that brought a lot of offshored capital back home, there is also a nefarious limit on deduction of state and local taxes of $10,000 per year.  After that, no further write-off for state and local taxes as we understand the law.

We ask wryly (or is that cynically?) note this is NOT something that anyone made a “big deal about” before the election.  However, it sure explains to us why the national media haven’t hyped the story and why so many D.C. old-timers decided NOT to run this time around.

We figure they don’t want to be around come the end of this year when the “Tax Bomb” we’re talking about this morning goes off.

Some election results first and coffee to make the ride out to the coming site of the financial trainwreck a little more pleasant…

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We play the fun game of looking ahead a few weeks in this morning’s report.  In it, you’ll see how we expect the balance of the year to shape up.

More importantly, though, you may be able to infer how we plan to scalp a few bucks from Old Man Market.

After headlines and coffee, of course.

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One of the questions that comes up often in our “Comments” section on the UrbanSurvival site is whether Elliott waves are really “useful.”

In fairness to people asking, the answer is Yes!  But you need to understand where the “civilian” confusion comes from.

This week, I spent some time with my friend Robin Landry who’s an expert on the wave structures.  This morning’s we will discuss how he can hold a different view than Robert Prechters when both are looking at the same data…

After some headlines and coffee, to make sure we get off to a good start..

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The fun resumes Monday, huh?

Markets like this are difficult to trade, especially when this may only be a first wave down.  We have our eye on November 27th as a possible “bad hair day” for markets.

This morning, a few ideas about time and price as we roll through the charts and fine-tune our look for the period just ahead…

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This morning we make a steely-eyed assessment of a global move many Americans are missing:  A new wave down of our Global Index is screaming that what we went through with the January and March wash-outs could be just foreplay.

There are a number of tools we apply to come to this notion.  Not the least of which is our Peoplenomics “Brain-Amp” spreadsheet.  This handy thinking-tool – that can be downloaded from the Master Index page.  It allows you to put in the measurements of the A (or wave 1) Up or Down.  It will then offer ideas as to where the Wave B (or 2) retracement should fall, make an estimate of C (or 3), toss out another retracement idea (4), and then offer a better-than-wild guess at how far off the top is, or if a declining wave like we’re in now, how far down the bottom might be.

A few headlines first, but coffee and a note pad is recommended when we get into the discussion today since the biggest impacting event in the USA may be the rest of the world pulling us down with ’em.

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