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

Thursday, December 29, 2011

SPX keeping up with the trend:

It's time to start paying attention to the bigger triangle:

SPY back at resistance:

Tuesday, December 27, 2011

Friday, December 23, 2011

OEX finishing the week on a high note:

just in time for a:

SPY nearing important resistance levels:

Thursday, December 22, 2011

SP500 closing near the top of the inner triangle:

which is an important level on weekly chart as well:

SPY keeping-up with the uptrend line:

PS. It's time to put the markets on the back burner, and enjoy the Holidays.

Wednesday, December 21, 2011

Tuesday, December 20, 2011

Monday, December 19, 2011

SPY hugging the downtrend line:

finishes the day at the bottom of the triangle:

Let's see if this SPY rally attempt will stick:

If a rally doesn't materialize within the next few days, this may turn into a bear flag.

Sunday, December 18, 2011

Hurst channels applied to daily Sp500:

Bullish sentiment continues to deteriorate:

Friday, December 16, 2011

Thursday, December 15, 2011

SPY finished right in the middle of the gap:

SPY dancing between support/resistance lines:

SPY early morning encounter with multiple resistance levels:

Wednesday, December 14, 2011

November SPY gap almost filled:

SP500 weekly testing support:

Should support fail, here's a big gap waiting to get filled:

Here's an interesting stock to consider:

with consistent channeling action.

Tuesday, December 13, 2011

After politicians and central bankers were done talking, SPY closed on the downtrend line:

with a serious air pocket just below, which warrants another waterfall scenario update:

A Hurst Channel perspective on AAPL:

Risk/reward pretty even.
SPY crisis averted so far:

Monday, December 12, 2011

Friday, December 09, 2011

SP500 bouncing from one side of the triangle to the other:

SPY fighting to stay with the trend:

Thursday, December 08, 2011

SPX daily on the verge of breaking down:

with bullish sentiment taking a turn:

Godot never showed up. Instead Draghi promised recession in 2012:

Waiting for Godot:

Wednesday, December 07, 2011

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

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.