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

Friday, February 28, 2014

Wednesday, February 26, 2014

$AAPL Gap Zone Test

AAPL testing the Feb 7th gap zone after being rejected at the 50% retracement level:

$SPX Pivot Line

The battle for the 1850 pivot line continues for a second month in a row:

Tuesday, February 25, 2014

$SPX Support Resistance Levels

There's new tentative support around the 1835 level:

Bulls and Bears are in a standstill once again:

$SPX Resistance

SPX once again testing the 1850 level from below:

Monday, February 24, 2014

$SPX Breakout

SPX breakout from oversold daily market breadth readings:

Saturday, February 22, 2014

Friday, February 21, 2014

Thursday, February 20, 2014

$FB and WhatsApp

Despite getting spanked for the WhatsApp deal, FB remains well within the uptrending channel:

Tuesday, February 18, 2014

$SPX Swing and Resistance Levels

SPX extending the current upswing to 8 days and approaching the key 1850 resistance level:

Select stocks with longer upswings in place: MHFI, PSA, EQR, HSY, AAPL, MAC, ORLY:

$IWM Charge

Russell 2000 leading the charge today:

while the DJIA is barely hanging onto the inner channel:

Sunday, February 16, 2014

$DJIA Historical Rallies and Sell-offs

Following a rally lasting more than a 1500 days, and gaining more than 100%, the DJIA has been in a bear market lasting on average 500 days, accompanied by a 40% decline on average (red dot):

Friday, February 14, 2014

$ QQQ $DJIA Pattern and Targets

DJIA retesting the top of the megaphone:

while the Qs are testing the top of the '12 uptrend channel:

$GLD $SLV Trend and Targets

GLD and SLV having a very strong day testing key resistance levels. A break above the 50% retracement will give gold a much more bullish outlook:

Thursday, February 13, 2014

$GOOG and $AAPL Targets

GOOG reached its next target:

AAPL is testing the 50% retracement level:

$SPX and $QQQ Targets

SPX back within the congestion zone with strong resistance at the Dec. '13 and Jan. '14 highs:

The Qs made a new high but there's resistance close at hand as well:

Futures Slide

While the financial media will scramble for a reason why futures are sliding, and why good or bad news is sometimes good for the market and sometimes not, market sentiment provides a much more simple explanation: when everybody is bullish and already in -- who's left to buy; the tree needs to be shaken first:

Wednesday, February 12, 2014

$QQQ and $IWM A Tale of Two Stocks

The Qs pausing at the Jan '14 high:

while the broader Russell is trying to break back within the uptrend channel:

Tuesday, February 11, 2014

$SPX and Market Exuberance

The market rarely gets more exuberant than this:

SPX Target

SPX may be getting overstretched to the upside, but that didn't stop it from breaking above resistance and being on its way to target the December '13 and January '14 highs:

Monday, February 10, 2014

$SPX Trading Channel

SPX still trading below key resistance level:

$BID Retreat

The liquidometer is retreating for the third time from these levels:

$NYSE A/D Line

Glaring divergence between NYSE and the NSYE A/D line:

Saturday, February 08, 2014

$SPX and $DJIA Monthly Trend and Targets

The SPX is mimicking the rate of ascend of the '98 - '00 rally:

while the DJIA has advanced the same number of points as the '87 - '00 rally:

Previous tops took a few months to unfold.

Friday, February 07, 2014

$QQQ and $IWM Trend and Targets

There are noticeable and opposite divergences between price and A/D line for the NDX and the Russell 2000:

$QQQ Resistance Level

Qs testing previous support level now acting as resistance:

Thursday, February 06, 2014

$SPX Ahead of the Jobs #

So far the SPX seems to be repeating earlier patterns (as long as price doesn't break below the lower channel line, or 1737):

$SPX New Signal

SPX starting the day with a buy signal and very strong market internals;
1770 is the key level to watch:

The weekly remains on a sell though:

$VIX Trading Signal

The latest Vix sell signal was triggered from 1840, basis the SPX:

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