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

Wednesday, April 30, 2014

Tuesday, April 29, 2014

$DIA Support/Resistance Levels

The more a support/resistance level gets tested, the weaker it becomes:

$AAPL and Market Breadth

While AAPL is taking a breather:

NASDAQ market breadth and momentum is trailing NYSE:

$FEYE High-Flyers Common Thread

What do these recent high-fliers: DDD, FEYE, LNKD, MDVN, NFLX, NMBL, NDW, PCYC, SPLK, SSYS, TRIP, TWTR, VEEV, WDAY, ZNGA and ZU
(as reported by BI) have in common ?

 OT Signals gave all of them weekly Sell ratings in March:

Monday, April 28, 2014

$HLF Pattern Evolution

HLF double LL in the making:

$SPX Support/Resistance Levels

SPX bounced perfectly off support and closed just below resistance:

$IWM Trend

Russell showing continued relative weakness and leading the major indices to the downside:

Saturday, April 26, 2014

$IMPV The Fly and Tech Stock Carnage

In a recent article BI mentions a list of high beta tech stocks which have suffered severe losses during the last 8 weeks.

We decided to look at them with the default weekly settings of OT Signal in order to find out what signals were triggered during that period.

Here are the results:

ALNY: sell on March 3
BNFT: sell on March 3
CLDX: sell on March 3
CSOD: sell on March 10
DDD: sell of February 24
EXEL: sell on March 3
FEYE: sell on March 3
FUEL: sell on March 3
GIMO: sell on March 24
HALO: sell on February 24
IMPV: sell on March 24
MKTO: sell on March 10

Weekly IMPV with BSH line on top of price and Swing Signals indicator below:

By comparison, during that same period, Wall Street analysts had issued only 2 sell recommendations. One for DDD (compared to 16 buy/hold recommendations), and one for HALO (compared to 6 buy/hold recommendations).

$SPX and Momentum

SPX catching up with diverging momentum:

Friday, April 25, 2014

$SPX Seasonality and $AAPL

According to OT Seasonal, this week marks the end of the seasonally strong first half of the year:

AAPL is bumping against strong resistance in the area of the 2013 highs:

$SPY Support

SPY finding support so far at the 50 sma:

Thursday, April 24, 2014

$CMG Price Hike

A planned 17% price hike has lead to a 17% stock price decline for the burrito maker:

$QQQ Technical Update

The next key resistance levels comes in at $89:

$FB Earnings

Despite stellar earnings, FB's gap up open gets rejected at $64 again:

$64 remains the key level to watch for any bullish potential.
A break above will open the door for a retest of the March '14 highs

Tuesday, April 22, 2014

$QQQ Trend and Resistance

Most averages have stalled just below resistance:

$FB Ahead of Earnings

FB broke out of downsloping channel but is facing very stiff resistance at the $64 level:

Monday, April 21, 2014

$QQQ State of the Trend

The divergence continues and, unlike the DJIA:

the Qs and Russell 2000 are still nowhere near close to challenging the recent highs:

$CPN Leading

CPN leading today's breakout list:

ahead of PES and ANH

Thursday, April 17, 2014

$SPX and Momentum

Momentum showing a slight divergence with price, just like it did at the beginning of March and April:

$CMG Support/Resistance Levels

$CMG, the undisputed champion of outside reversal days,  just loves to trade between support/resistance levels:

Winners and Loosers

One early morning winner: SNDK

and one looser: BKS

$SPX and Momentum

SPX 3-day momentum reaching top of the range:

confirmed by a second set of overbought readings matching the April 1st and 2nd levels:

Wednesday, April 16, 2014

$FB Trend

Despite the three day SPX rebound and break above 1850, and the fact that this is one of the strongest weeks for the major indices (from a seasonal point of view), Russell remains in the doldrums:

and recent mo-mo stocks like FB, PCLN, NFLX, CMG haven't even begun to recover yet:

$XLU Leading the Way

Utilities, as a group, are breaking out to new highs:


suggesting investors are not that worried about rising interest rates.

Tuesday, April 15, 2014

$SPX Retracement and Support

SPX found support at the 50% retracement and managed to close above the Pivot Line:

$DTE and SBMY Scan Results

Yesterday's scan shows that DTE is the SP500 stock in the longest upswing:

while BMY is leading to the downside:

Monday, April 14, 2014

$QQQ and $DJIA Support/Resistance Levels

DJIA testing the top of the megaphone pattern from below:

Qs need a break above $85:

$SPX Price and Time Square

The sweet spot of the monthly price and time square is in the 1750 - 1820 zone:

Saturday, April 12, 2014

$SPX with Bulls and Bears

Currently, bulls and bears are evenly divided, which suggests choppy trading in the days ahead until one side clearly prevails and leads to an overbought (extreme greed) or oversold (extreme fear) market:

VIX puts the downside potential in perspective, and shows how significant it could be:

$SPX and $DJIA Trend and Support Levels

The SPX has a convergence of daily, weekly and monthly support levels at 1790 - 1800:

The equivalent for the DJIA is around 15,600:

Friday, April 11, 2014

$QQQ and $SOX Trend and Channels

Qs targeting the next support/reversal level:

while SOX has broken below the median line and is targeting the lower channel line:

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