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

Monday, April 30, 2012


SPY managed to close above the trendline, barely:



while AAPL is building the right shoulder and giving back last week's gains:





SPY still keeping up with the trend:




Due to business travel there will be no week-end article.

Friday, April 27, 2012


AMZN picked up the ball dropped by AAPL, but SPY still managed to close below resistance:



and so did SPX:




It seems unlikely that SPY can overcome the next hurdle without help from AAPL:



which is digesting the big gain from Wednesday, and painting a bull flag in the process:



Thursday, April 26, 2012

Wednesday, April 25, 2012


SPY showing signs of a breakout attempt:



AAPL remains glued to the support/resistance and retracement levels:



SPY back to the top of the range:




NQ100 is painting a huge bull flag:



Tuesday, April 24, 2012


Support held and AAPL lifting all boats in ah:



just in time for a SPX bounce:



SPY fighting to stay with the uptrend line:



while APPL struggling to regain lost ground:


Monday, April 23, 2012


AAPL crisis narrowly averted at the close after closing second gap:



while SPY and SPX trying to build a double bottom:




AAPL loosing another support level:




SPY testing support once again:



Sunday, April 22, 2012

Friday, April 20, 2012


AAPL declines to a critical level, once again:


and so does SPX:



SPY giving it another try:



Has a good chance if AAPL breaks out of the bull flag:


Thursday, April 19, 2012


AAPL continues bouncing between support/resistance levels:




SPY having trouble breaking above resistance:



Wednesday, April 18, 2012


Despite a late surge SPY finished the day below resistance:



and so did AAPL:



SPY back below resistance:



but AAPL is leading the charge and painting a right shoulder:


Monday, April 16, 2012

Saturday, April 14, 2012

Friday, April 13, 2012

Thursday, April 12, 2012


Textbook rebound action:



The question remains whether CMG and PCLN alone can sustain this without help from AAPL.

SPY double top resistance hard to overcome without help from AAPL:




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