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

Monday, June 30, 2014

YHOO Bull Flag

That good looking bull flag may turn ugly if Yahoo Finance doesn't fix their data problems quickly:








PS YF is having issues all day long which may affect the functioning of the apps.

$IWM Channel and Trend

Russell 2000 working hard to stay within the uptrend channel and keep the momentum going:


Saturday, June 28, 2014

Friday, June 27, 2014

$IWM Decision Time

Russell 2000 is firmly boxed into a corner and has to tip its hand within a day or two:


Thursday, June 26, 2014

$IWM Channel and Trend

Russell 2000 having trouble staying within the uptrend channel:


Wednesday, June 25, 2014

Tuesday, June 24, 2014

$IWM Trend and Channel

Russell 2000 testing uptrend channel support:


$GOOG and $FB Targets

Both GOOG and FB seem determined to paint a double top:











following NFLX's lead:


Monday, June 23, 2014

Friday, June 20, 2014

$DJIA Historical Rallies

In terms of duration, the 2009 rally (red dot) ranks as the third longest in DJIA history:














In terms of % daily gains it ranks rather poorly:


$ GLD Trend and Resistance

GLD testing the all important 50% retracement level once again:


Wednesday, June 18, 2014

Monday, June 16, 2014

$DJIA History

Some of the years the 2014 DJIA has a strong correlation with are 1927, 1959, 1989, 1990 and 1999:


Thursday, June 12, 2014

$SPX and Market breadth

At this rate, market breadth needs only a couple more days to get oversold:


$SPX Trend and Support

SPX reaching first support level, painting a perfect bull flag so far:










At this rate, market breadth needs a few more days to get oversold.

Friday, June 06, 2014

$SPX Price and Time Targets

SPX about to match the '87 - '00 run within the '94 - '00 time frame:




Thursday, June 05, 2014

$DJIA Trend and Support

Following in SPX's footsteps, the DJIA and the Qs made new highs:



















supported by strong action in IWM:


$SPY Trend and Swing Time

At 12 days, the current swing is getting a little long in the tooth but as long as SPY trades above the Pivot line, there's no reason to abandon long positions:



Wednesday, June 04, 2014

$IWM and $SPX Trend and Support

IWM bouncing off the 38.2% retracement level:










coinciding with new highs for the SPX and Qs:










lead by semiconductors:


$SPY Pivot Line

SPY is trading on the Pivot Line, while market internals are getting oversold:


Tuesday, June 03, 2014

$IWM Trend and Support

Russell 2000 was once again lagging the other indicators (DJIA, SPX, NDX) but seems to have found support at the 38.2% retracement level:


$SOX Trend and Support

SOX confirming the breakout and bouncing off old resistance which turned into support:










lead by SWKS, AMAT and LRCX



Monday, June 02, 2014

$AAPL Split

AAPL takes a breather ahead of the split and the WWD Conference :










and the Qs stall at resistance;


$GLD Trend and Support

GLD breaking below two 50% retracement levels, headed for a retest of key support level at 114:










GDX is one support level away from completing a round trip to the all time lows:


Trading Books