(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

THE STOCK MARKET IS OVERSOLD IN THE VERY SHORT TERM

November 9, 2012

The stock market is oversold in the very short term.  After opening lower (DJIA futures are down 86 points), expect a rally attempt sometimes today.

It is  all about fiscal cliff. President Obama is expected to speak about the matter today. A conciliatory attitude may spark a rally.

Gold futures are at $1731 , silver futures are at $32.15, and oil futures are $84.26.

S&P 500 resistance levels are 1368 ,1380 , and  1400; support levels are 1358 ,1352 , and 1348 .

DJIA futures are down  86 points.

GOLD AND SILVER: SHOCKING DEVELOPMENT FROM THE BANK OF ENGLAND

November 8, 2012

England has been engaged in massive QE.  Our sources indicate that Bank of England may halt QE as the data is showing that it is no longer effective.

Will the Federal Reserve start mulling the same thing down the road?

This major development should be a wakeup call for the momo crowd who just assume that QE will continue forever.

Gold futures are at $1714, silver futures are at $31.76, and oil futures are $85.

S&P 500 resistance levels are 1400, 1410, and 1415; support levels are 1380, 1368, and 1358.

DJIA futures are up 27 points.

THE SUGAR HIGH PLAN IS THE RIGHT PLAN POST ELECTION

November 7, 2012

The Sugar High Plan described in the last All Around Alert is the right plan post election.  We encourage subscribers to go back to the All Around Alert and carefully study the Sugar High Plan.

In the wake of elections, fortunately the portfolio is positioned correctly.  If Romney had won or Senate control had changed, changes to the portfolio would have been needed.

Gold futures are at $1720, silver futures are at $31.93, and oil futures are $87.40.

S&P 500 resistance levels are 1424, 1439, and 1444; support levels are 1410, 1400, and 1380.

DJIA futures are down 119 points.

EXPECT EXIT POLL LEAKS TO MOVE THE MARKETS

November 6, 2012

Official exit poll results are not released until after voting stations are closed.  However expect leaks during the day to move the markets.

Bond traders are convincingly trading bonds as though an Obama win is a certainty.

Gold and silver markets are beginning to anticipate an Obama win.  However the stock market is anticipating a slight edge for Romney.

Gold futures are at $1692, silver futures are at $31.34, and oil futures are $86.46.

S&P 500 resistance levels are 1424, 1439, and 1444; support levels are 1410, 1400, and 1380.

DJIA futures are up 40 points.

POSITION SQUARING AHEAD OF ELECTIONS

November 5, 2012

Expect position squaring and related cross currents ahead of elections.

Other than position squaring money managers are not likely to make big moves today.

Gold futures are at $1682, silver futures are at $31.04, and oil futures are $84.94.

S&P 500 resistance levels are 1410, 1415, and 1424; support levels are 1400, 1380, and 1368.

DJIA futures are up 9 points.

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