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

Friday, June 28, 2013

SPY in No Man's Land

Weakening market internals couldn't support a break above the gap zone and channel resistance:

SPY Gap Zone

SPY breaking out of the gap zone for the second time in the last couple of days:

Unlikely to break above the channel on neutral market breadth readings.

Thursday, June 27, 2013

SPY Fib Retracement

SPY reaching the 23.6% retracement level:

SPY Gap Zone

SPY trading above the May gap zone:

Qs lagging behind, dragged by AAPL:

SPX Pitchfork

SPX out of the danger zone, challenging the top resistance line on very strong market breadth:

Wednesday, June 26, 2013

DJIA Channel

Unlike the SPX, the DJIA hasn't reached the top of its '09 weekly channel and hasn't even challenged the breakout above the 2007 high:


SPY testing the gap area once again:

Tuesday, June 25, 2013

SPX Resistance

SPX testing key resistance level:

Anything below 1594 qualifies only as a dead cat bounce, and bulls are still on the defensive:

Monday, June 24, 2013

IWM Support

IWM bouncing off key support line:

The SPX Buy/Sell indicator matched its lowest reading since January 2000:

and the Overbought/Oversold indicator is scraping the bottom:

SPY Retracement

SPY targeting the 50% retracement level:

Bull/Bear Shift

Bulls start the week in a defensive position within their own field. They will regain control at the 1593 level:

Saturday, June 22, 2013

SPX Seasonal Pattern

The correlation with the seasonal pattern got even stronger last week:

Thursday, June 20, 2013

SPX Targets

On a per point basis, the SPX had a run commensurate with previous rallies. A similar decline targets 1566 and 1536:

SPY Gap Zone

The last two times 161 held at the close:

SPX Gap Test

SPX support line broken, testing the May gap:

AAPL holding up surprisingly well so far;

Wednesday, June 19, 2013

SPX Channel and AAPL

As mentioned before, the FED will find it harder and harder to keep all the plates spinning in the air. The trendline has been tested 5 times already, and with every test becomes more and more vulnerable for a break:

In the meantime, AAPL is testing important support line of its own:

Tuesday, June 18, 2013

FOMC Meeting

It's all good ahead of the FOMC meeting:

except that AAPL can't get any traction:


While a case can be made that the SPX is starting a new uptrend channel:

IWM hasn't broken out of the downtrend channel yet:

Monday, June 17, 2013


The broader market still confined within the down-sloping channel:

SPX Channel

Another day, another breakout attempt.
The FED as catalyst may do the trick:

Friday, June 14, 2013

SPX Channel

Despite a very strong day yesterday, SPX unable to follow through and break out of the down-sloping channel:

Thursday, June 13, 2013

Wednesday, June 12, 2013

Index Support Levels

All indices testing key support levels:

coupled with a double dip in McClellan osc:

Tuesday, June 11, 2013

SPX, QQQ and IWM Channels

SPX trading back within the channel:

while Qs finished the day on the channel line:

while Russell remains well within the confines of two channels pointing in opposite direction:

AAPL Range

AAPL trading in a narrow range, digesting the news from the developers conference:

Thursday, June 06, 2013

SPX DJIA QQQ Support and Gap Fill

SPX and DJIA executing perfect bounce off confluence of support lines:

Qs filling the gap:

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