The S&P 500 index proxy (SPY) has reached an extreme in price that is trading within a zone of bullish liquidity. While the odds are not good enough to take primary risk, there is opportunity available intra-day on the long side as price trades within the ivory zone.

  The Vanguard Total Bond Market ETF (NYSE:BND) acts as a predictor for interest rates…Currently our forecast is for higher prices in this ETF, so that confirms our bias that the Fed may use their recent interest rate rise as a last chance tool to try and prop up the weak markets.

  Southwestern Energy Company (NYSE:SWN) met our profit objectives today to start out the new year with a 16.8% move in our favor! (We track each market forecast from the top of the green box to the low of the blue box, which acts as a minimum profit potential.)

  Apple Inc (NASDAQ:AAPL) is showing signs of an exhaustive bottom and is likely to bounce a bit before offering a short opportunity in the next week ore two.

  Southwestern Energy Company (NYSE:SWN) has formed a capitulation bottom and is now reaching back down for confirmation. We are forecasting that a higher low will form in the green zone, and that price will rally at least $1 back up to the $7 per share area.

  (EUR/USD) is chopping within a range and there is still some bearish energy to be digested before the deeper time-frame bullish energy can begin to dominate. We will wait patiently until that occurs…

  The oil ETN (NYSE:OIL) is showing signs of capitulation, but has yet to reach the extremes needed for reversal. We have updated the ivory zone to the next most probable area for reversal, and will hope to upgrade that to a green “buy zone” if confirmation of a bottom can form in the next…

  The S&P 500 index proxy (SPY) is in the same position as we saw last week….We still see that there is bullish energy that needs to dissipate before the true bearish nature of the supply/demand balance can be expressed fully.