Market Breadth Data******************************
Thursday, November 28, 2013
Wednesday, November 27, 2013
Tuesday, November 26, 2013
Monday, November 25, 2013
Saturday, November 23, 2013
$IWM and Market breadth
IWM breakout ahead of the strongest (from a seasonal point of view) week of the year:
supported by market breadth:
supported by market breadth:
Friday, November 22, 2013
Thursday, November 21, 2013
Wednesday, November 20, 2013
$SPX and QE III Corrections
SPX corrections during the second part of QE III have been deeper, which may affect the year-end target:
$SPX Channel
SPX starting the day within the channel and on target:
NYSE market breadth a lot stronger than NASDAQ
NYSE market breadth a lot stronger than NASDAQ
Tuesday, November 19, 2013
Monday, November 18, 2013
Saturday, November 16, 2013
Friday, November 15, 2013
Thursday, November 14, 2013
Wednesday, November 13, 2013
Tuesday, November 12, 2013
Monday, November 11, 2013
$UNXL Trend and Support/Resistance Levels
UNXL, the stock with one of the highest short interest ratios (9.6 days to cover), is testing the June - November '13 trend line from below:
Bulls will regain the upper hand, and shorts will likely start scrambling to cover above that level.
Bears regain control if UNXL trades below 11.39.
Between 11.39 and the June - November '13 trend line the stock remains in neutral position.
Bulls will regain the upper hand, and shorts will likely start scrambling to cover above that level.
Bears regain control if UNXL trades below 11.39.
Between 11.39 and the June - November '13 trend line the stock remains in neutral position.
Saturday, November 09, 2013
Friday, November 08, 2013
Thursday, November 07, 2013
Wednesday, November 06, 2013
$SPX $QQQ $DJIA Trend and Momentum Update
DJIA leading the way higher:
QQQ reaching the 50% retracement of the '90 - 2000 advance:
while the SPX has equaled the '93 - 2000 advance (on a per point basis):
The broader market has a little trouble catching up:
but is on track to equal the '03 - '07 advance:
All the while, bullish enthusiasm seems to be cooling off a bit:
QQQ reaching the 50% retracement of the '90 - 2000 advance:
while the SPX has equaled the '93 - 2000 advance (on a per point basis):
The broader market has a little trouble catching up:
but is on track to equal the '03 - '07 advance:
All the while, bullish enthusiasm seems to be cooling off a bit:
Tuesday, November 05, 2013
Monday, November 04, 2013
$DJIA Trend and Target
The DJIA has a quadruple top in place and has painted itself into a corner:
Although, due to regular rebalancing, the current DJIA has little to do with the DJIA of 1987 - 2000, a similar point advance gives a target of 16,600:
Although, due to regular rebalancing, the current DJIA has little to do with the DJIA of 1987 - 2000, a similar point advance gives a target of 16,600:
Sunday, November 03, 2013
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