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

Thursday, May 30, 2013

DIA Seasonals

DIA has a few seasonally interesting weeks coming up:


Saturday, May 25, 2013

Monday, May 20, 2013

SPX Channel

SPX testing upper channel resistance ahead of the Chairman's testimony on Wednesday:


Sunday, May 19, 2013

Friday, May 17, 2013

SPX Channel

SPX reaching the top of the channel on very strong market breadth:










The new OT Bars:


GLD Channel

GLD weekly testing the bottom of the channel. Lower support @ 128:










Continuing intraday waterfall decline in progress:



Thursday, May 16, 2013

AAPL and QQQ

Despite AAPL's 18 point turnaround from support, Q's stall at resistance:



Wednesday, May 15, 2013

Tuesday, May 14, 2013

IWM & SPX Targets

Russell 2000 has a lofty target in sight:











and so does the SPX:


OEX and Market Breadth

The major indices have stalled at their highs while market breadth has been steadily declining and is reaching oversold levels:











Any sign of a turnaround in market internals should propel the indices higher.

Monday, May 13, 2013

IWM Trend

The Russell 2000 remains in a well defined uptrend with clear support levels:


AAPL Run

After an 80 point run, AAPL needs to take a breather:










and so does QQQ:






Thursday, May 09, 2013

Wednesday, May 08, 2013

SPX Momentum

SPX momentum indicator reaching historical peak levels with less stocks participating in the rally:











Notable laggards: MSFT, AEP, GILD, MCD, SO, AMGN, MDLZ, WMB, PFE, ABBV, MRK, BMY.
Trading at or near resistance: JNJ, CVS, WMT, NWSA, TGT, OXY,  MA, BK, MO, AXP, NKE, V, CVX, EMC, KO.

GS Best and Worst

GS' March picks are on average 30% away from target.
But, they are back, swinging for the fences, with another set of wild targets.

Here's the list of 10 Most Undervalued:













and 10 Most Overpriced stocks:













compared to OddsTraders' targets (in green)

Tuesday, May 07, 2013

QE III v QE II

On a per point basis, QE III just equaled QE II.
On a percentage basis the target is 1717:


QQQ Rally

The QQQ rally is impressive but raises some red flags as well:


Monday, May 06, 2013

SPX and Solar Eclipses

Some may think the FED is timing by the stars:











(Annular in red, Total in blue)

Saturday, May 04, 2013

QE I, II and III v. Sell in May

It seems that the "Sell in May" strategy hasn't worked that consistently in the presence of QE:


Friday, May 03, 2013

DJIA, SPX and IWM Breakout

DJIA and SPX following Qs breakout lead on max. market breadth:











Russel 2000 joining the party as well:


Thursday, May 02, 2013

QQQ Support

The Qs monthly chart shows that previous resistance, at the 50% retracement level, has now become support:










Bulls should be encouraged by the fact that the Qs are taking the lead.

QQQ Resistance

Qs daily approaching channel resistance:


Wednesday, May 01, 2013

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