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

Tuesday, December 30, 2008

Today's SPX map in action:

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:

The best of our indicators are included in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.

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