A normal correction should take the SPX not lower than 1475 - 1480:
Considering that market breadth is fast approaching oversold levels, this seems a reasonable scenario:
Market Breadth Data******************************
Thursday, January 31, 2013
Wednesday, January 30, 2013
QQQ & Market Divergences
Speaking of market divergences, Q's on track to finish the month in the box despite new highs being made by the SPX and DJIA:
Monday, January 28, 2013
Sunday, January 27, 2013
AAPL, SPX and Gann
According to Gann's methods and his gravity center theory, the strongest area of support for AAPL is at the 370-390 level:
Looking at the Sq9, the next hiccup on the way up for the SPX is expected at current levels:
Looking at the Sq9, the next hiccup on the way up for the SPX is expected at current levels:
Friday, January 25, 2013
Thursday, January 24, 2013
Wednesday, January 23, 2013
Tuesday, January 22, 2013
Friday, January 18, 2013
Thursday, January 17, 2013
SPX Channel
SPX reached the top of the channel:
DIA inching closer to its target:
Despite very strong market internals (see gauge on top) QQQ & NDX unable to jump out of the box:
DIA inching closer to its target:
Despite very strong market internals (see gauge on top) QQQ & NDX unable to jump out of the box:
Wednesday, January 16, 2013
Tuesday, January 15, 2013
Monday, January 14, 2013
NYSE and NASDAQ Market Breadth Data
The gauges above display live NYSE and NASDAQ market breadth data.
Not visible with mobile browsers.
Not visible with mobile browsers.
Sunday, January 13, 2013
Thursday, January 10, 2013
SPX Trendline
SPX following the upper channel trendline, closing in the middle of the resistance zone:
PS. Interesting to hear that DeMark has a similar target.
PS. Interesting to hear that DeMark has a similar target.
Wednesday, January 09, 2013
Tuesday, January 08, 2013
Monday, January 07, 2013
Friday, January 04, 2013
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