Elazar Advisors, LLC

Jobless claims seem to be moving back up. Jobs are probably the most important economic datapoint for stocks.

That chart to the left means more people are out of work. That's not something you hear about in a bull market. It's a change.

If the S&P 500 ETF (NYSEARCA:SPY) breaks 273, I think we're headed to 270.

I hated yesterday's weak close too. I don't like today's whippiness either.  Something may be changing out there.

After a huge run and some market dynamics in motion, we advised to hedge out.

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If the S&P 500 ETF SPY (NYSEARCA:SPY) holds above 274 we think it's headed to 280, the next level of key support/resistance.

So far we called that the market should go higher each step holding above 265, 270, and now 274. After 274 we don't see a key level until 280.

I would guess the market can get excited for the potential of a month end trade deal. That can help us get to 280 first stop and then we'll assess from there.

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All investments have many risks and can lose p…

We've been bullish saying that the S&P 500 ETF SPY (NYSEARCA:SPY) holding 270 was positive.

The action today on news is also very bullish.

Based on the chart and the strong bullish action we'd expect follow through nearer term to 276.



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The US and China are meeting this week to hopefully iron out a trade deal. There's a chance that Trump and Xi could finalize plans later this month.

Here's The Gameplan

For now the market has thrown off some short term excess so it looks ready to continue its uptrend.

It's not super clear but the slow action likely means there's upside.

Based on the slow action right now, my guess is that the market should probably hold or continue higher into the end of the month in hopes of a trade deal. Then if/when there's a trade deal later in the month we expect a pop.

From there we need to watch action.  If the market follows through in the days to follow or even holds up the next day or two it can go higher.

If you see the market doesn't pop on good news or goes down then you have a big market short building; good news - bad action. That would be an early sign of "sell the news."

There's no way to precisely predict the moves but we can watch how the market …

When our 270 S&P 500 ETF SPY (NYSEARCA:SPY) level was broken last week we wanted to see how the market responded.

A sharp break would have been a hint for further downside.

After seeing the market hold 270 nicely though I no longer expect sharp downside.

The market's still in an uptrend until proven otherwise.

While there was some negative commentary about Trump and Xi being far apart on trade, the market actually digested that news rather nicely. That's a good sign of bad news, good action and a bullish hint.

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We're speaking to numerous tech companies every quarter and helping our subscribers time and size the stocks and stock market.

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Here's what subscribers are saying,

"The market is flat for this year and I am up over 50% in my account, thanks to Chaim!"

"Chaim, You have called it better than anyone I know over the last few months."

"great work Chaim! rock star ur a rock star!”

Try wit…