Market Breadth Data******************************

Tuesday, December 30, 2008

Monday, December 29, 2008

MSFT, a Dow component, is actually exhibiting relative weakness, compared to the DJIA, and has been doing so since October:

Sunday, December 28, 2008

For visitors of this blog, interested in checking how the Gravity dates continue to perform in 2009, I will continue to update the calendar, although on a delayed basis.

I'm substituting the SPX Barometer with a new project.
When developing a mechanical trading system, it is advisable to check how it performs on MSFT. The chart below offers the outlines of a trading system designed to monitor the trend and flag overbought/oversold levels.
You are invited to interpret it any way you want.

Monday, December 22, 2008

The SPX still bouncing within the limits set by the 2003 fractal:

Thursday, December 18, 2008

Let's not forget the option players out there.
The chart below seems to validate the next Gravity date:

SPX map for Thursday, Dec. 18th:

Wednesday, December 17, 2008

To use the analogy from the other day -- the SPX got out of the corner, and is bouncing against the ceiling:

SPX map for Wednesday, Dec 17th:

To answer your questions: this is a 5 min. chart, and along with support/resistance levels I also include the time of some of the most important intraday cycles (vertical dotted lines).

There is no guarantee that the intraday cycles will follow a high-low-high or low-high-low sequence, although that is often the case:

Tuesday, December 16, 2008

The SPX has painted itself into a corner again:

SPX map for Tuesday, Dec 16th:

Monday, December 15, 2008

Saturday, December 13, 2008

I started publishing the SPX Barometer and Gravity Dates in September 2007.
To illustrate the interaction between the two so far, I'm enclosing the table below:

Important reminder: neither one of these two indicators takes price or volume into consideration.

Friday, December 12, 2008

SPX map for Friday, December 12th:

As I hinted yesterday, exactly the type of two day action one would expect this time of month:

Thursday, December 11, 2008

SPX map for Thursday, Dec. 11th:

P.S. Did I forget to mention what day it is today?
And I don't mean the Gravity dates...

Wednesday, December 10, 2008

Tuesday, December 09, 2008

This is not what I would call a solid foundation.
So, if support around 895 fails -- watch out below:

SPX map for Tuesday, Dec. 9th:

Monday, December 08, 2008

SPX map for Monday, Dec. 8th:

And the end result,

along with an SPX daily swing chart:

Saturday, December 06, 2008

Although not very practical for trading purposes, swing charts come in very handy for identifying key support/resistance levels:

Friday, December 05, 2008

As I've mentioned before, the best opportunities present themselves when an overbought/oversold Barometer condition coincides with a G date:

SPX map for Friday, Dec. 5th:

Thursday, December 04, 2008

Back by popular demand, here's the SPX map for Thursday.

There are numerous cycles in play during the day, but I try to pick the ones I deem the most important. Otherwise, the chart will get too busy.
As usual, allow +/- 1 bar for the cycle to develop.

Wednesday, December 03, 2008

For a broader perspective, here's a look at the SPX and e-mini daily charts:

And instead of the SPX map -- something else to watch intraday:

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Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.