Week Dec 13th - Sell, sell, sell....

 .... is what I want to say, but I admit it's becoming harder.  However, had you sold into the 213 and bot into the 200 area as recommended last week, you'd be very happy right now.  So, do you sell again into 213? I'm going to argue yes, but with a tight stop looking to sell again into 220. I think if you try playing this three times from the short side, you will be rewarded handsomely - tight stops.

Who is going to buy this?  Short funds have a record small short position (read; no more short covering).  While there still remains industry buying, I don't see them doing it aggressively.  So, that remains small and large spec and trade. All are at least a bit long and would have to extend their positions substantially, which I think sets up a short term top (ie, if they do, it will be too much and we will get rapid liquidation into little buying).
Fund Open Interest - raw data * funds have never held such a small short position.

So, while I admit the markets ability to hold above 200 is impresssive, I still see the better reward/risk on the sell.

Bull:
* Daily slow sto is offering a buy signal.
* SP500 is pushing up and China did not raise rates - bullish commodities.
* Holding 200.
* Brazilian farmers not selling before next year

Bear
* Weekly bearish candles
* Monthly bearish candles
* End of year window dressing
* Weekly slow stochastic over bought and showing bearish divergence.
* My Open Interest indicators are screaming "sell".

60 Min - hit target on upside, bouncing of downsloping line. Still holds open this as a bullish wedge. Even if it breaks, the choppy nature of this makes it look more corrective.

Point and Figure - captures the trend well, removes some of the noise and shows where support has to hold. Caps the near term at ard 230.

Proprietary Indicator - capping any upside and indicating near a top.

Proprietary Indicator - also maxing out.

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