Despite improving market breadth readings, the generals are having a tough time advancing:
Market Breadth Data******************************
Monday, March 31, 2014
$SPX and $DJIA Trend and Targets
All eyes on the DJIA and SPX while they challenge the March highs and enter one of the strongest seasonal periods for stocks:
Saturday, March 29, 2014
$SPX Support levels
The weekly SPX chart may seem a little busy, but it shows the key Fibonacci and Gann support levels combined:
Friday, March 28, 2014
$DJIA and World Markets
While the DJIA is levitating above the top of the megaphone pattern:
Europe and Australia are consolidating at the highs:
while Asia is having a harder time with Shanghai continuing on a downward path:
the Nikkei pulling back within the down-sloping channel:
and Hong Kong going nowhere since 2009:
Europe and Australia are consolidating at the highs:
while Asia is having a harder time with Shanghai continuing on a downward path:
the Nikkei pulling back within the down-sloping channel:
and Hong Kong going nowhere since 2009:
Thursday, March 27, 2014
Sunday, March 23, 2014
Friday, March 21, 2014
Thursday, March 20, 2014
$MSFT Breakout
MSFT and several large caps breaking out today:
Other names on the list: WFC, JPM, BAC, QCOM, TXN, AMTD, CMG, ADI, MTB, NTRS.
At the opposite end of the spectrum are companies like PSO, CTCM, CHKR and GNK.
Other names on the list: WFC, JPM, BAC, QCOM, TXN, AMTD, CMG, ADI, MTB, NTRS.
At the opposite end of the spectrum are companies like PSO, CTCM, CHKR and GNK.
$DJIA $SPX and $SOX Channels and Trend
SOX leading the way higher again:
while the DJIA is trailing but trading above the top of the megaphone pattern:
and the SPX found support at 1850:
while the DJIA is trailing but trading above the top of the megaphone pattern:
and the SPX found support at 1850:
Wednesday, March 19, 2014
$SOX Breakout
While the major averages are treading water below the January highs, SOX is leading the charge to new highs:
Tuesday, March 18, 2014
Monday, March 17, 2014
Saturday, March 15, 2014
Friday, March 14, 2014
Thursday, March 13, 2014
Wednesday, March 12, 2014
Tuesday, March 11, 2014
$SPX and $IWM Targets
Despite a late day sell-off, SPX still holding above the 1850 level:
while the Russell 2000 is already testing the January breakout level and channel support:
while the Russell 2000 is already testing the January breakout level and channel support:
Monday, March 10, 2014
$KR $SWY Record Upswing
Stocks with longest upswings: KR, SWY, LYB, PWR, TXT, HP, SHW, CVS:
For the rest of the charts click here.
For the rest of the charts click here.
Sunday, March 09, 2014
Early Bird Scan
This is a list of stocks in a defined short up/down swing*, which are showing signs that the current swing may be ending and changing direction:
Currently in an upswing: DOW, FOXA, CMCSA, XLNX, APC, TRV, PCLN, GOOG, CTXS, GOLD, DD, FB, ABBV, EBAY, WYNN, DIS
Currently in a downswing: XOM, APA, CVX
To view the rest of the charts click here.
* This is different from the longer term trend.
Currently in an upswing: DOW, FOXA, CMCSA, XLNX, APC, TRV, PCLN, GOOG, CTXS, GOLD, DD, FB, ABBV, EBAY, WYNN, DIS
Currently in a downswing: XOM, APA, CVX
To view the rest of the charts click here.
* This is different from the longer term trend.
Friday, March 07, 2014
$QQQ and $IWM Technical Outlook
Yesterday's hesitation has translated into reluctance to participate in today's rally along with the DJIA and SPX:
Thursday, March 06, 2014
Wednesday, March 05, 2014
Tuesday, March 04, 2014
$SPX and $IWM Leading the Way
SP500 and Russell 2000 lead the way to new highs, with the SPX approaching the 553 point gain target:
while NASDAQ and the DJIA are playing catch up:
while NASDAQ and the DJIA are playing catch up:
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