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

Wednesday, December 23, 2015

$SPY Santa Rally Update

The Santa rally helped the SPY fill the December gap, and there remains one more target to be conquered for the year: 205.54













As mentioned in our last post for 2014, years ending in 5 have always been positive. A year-end close above 205.54 will keep the tradition alive.



Wishing all our visitors

HAPPY HOLIDAY SEASON !!!

             The CIT Dates Team         





Tuesday, December 22, 2015

$SPY and Santa Rally

As long as the SP500 trades below 2040 (204 basis SPY), and below the December 17th gap zone, it remains in a weak and vulnerable position as the Oct. '15th gap is awaiting to get filled:


Saturday, December 19, 2015

$SPY Seasonal Pattern

From a seasonal point of view, last week was one of the weakest for the year, and next week is one of the strongest:






(Chart courtesy of OT Seasonal)

The  Sentiment index is in oversold territory once again:











And this is what the Fear & Greed index looked like for the last 50 days:


Wednesday, December 16, 2015

$SPY and Rate Hike

As suggested yesterday, investors reacted to the FOMC meeting by "buying the announcement":






















The SP500 remains trapped, however, within the November '15 box perfectly framed by Sq9 price targets (horizontal orange and purple dotted lines).

Monday, December 14, 2015

$SPY with Bulls and Bears

The SP500 Bull/Bear index is approaching oversold levels ahead of the Fed announcement setting the stage for a buy the news play:


Friday, December 11, 2015

$SPY and Jobs Reports

The latest market reaction to the December Jobs report is almost identical to the reaction following the November report:


$SPY and Sq9 Levels

The SPX found resistance at an exact Sq9 projection from the Sept. 29th low (orange dotted line), and then declined 135 degrees from the December 2nd high to find support at 2038 (purple dotted line):

























Trading below the down angle implies, however, that the index remains in a weak position and lower targets should be considered. The next lower Sq9 target is 1993.

Thursday, December 10, 2015

$USDJPY Trade Update

In classic fashion, the USD failed on the third drive to the top against the yen and broke below the last pivot/support level. Expecting a new trading range to develop ahead of the Fed meeting next week:




Tuesday, December 08, 2015

$SPX Pattern and Trend

The SP500 continues to follow closely the Dec '14 - Jan '15 pattern ahead of the Dec. 16th Fed meeting:


Thursday, December 03, 2015

$SPY Trading Range

SP500 bouncing within the 2015 trading range ahead of the jobs numbers and the FED meeting:


$GLD Pattern and Trend Update

Gold getting closer to the 92.925 price target:


Monday, November 30, 2015

$SPY Pattern and Trend

The SP500 continues to trade in a very narrow range for the second week in a row ahead of the release of key economic data on Friday preceding the December Fed meeting:
















Meanwhile, market breadth is getting oversold:




The fastest moves usually occur the last few days before market breadth turns.

Monday, November 23, 2015

$SPY Pattern and Trend

The SP500 has been stuck in a very narrow range for the last three days, defined by support at 2076 and resistance at 2094 (90 degrees up from the Nov 16th low):


















The next support/resistance levels are 2115 and 2040.

Friday, November 20, 2015

USDJPY Trade Setup

The USD is in an upswing against the JPY but got rejected twice at the 90 degrees up price target calculated from the Oct 15th low. Currently, the USD has found support right on the 30 degree up angle drawn from the same low. A continuation of the trend should lead to another retest of 123.5. Any break below the support angle opens the door for a retest of the Nov 16th low:


Thursday, November 19, 2015

$SPY Pre-market Action

The futures have advanced exactly 180 degrees up from the Nov 16th low. 2094 becomes the next fulcrum:


Wednesday, November 18, 2015

$SPY Trend and Pattern

The SP500 is moving up right on cue:


$BID Trend and Support

Despite the record setting auction price for Modigliani, BID (the global liquidometer) hasn't done very well lately. The stock, however, is approaching a multi-year support zone, and an oversold bounce should be expected.


Monday, November 16, 2015

$QQQ and Gap History

Mission accomplished: gap filled:

















Not completely out of the woods yet on the daily, but shorter time frames are on a buy signal already.

$EWQ and Terrorist Attacks

Following the Jan 7, 2015 shooting at Charlie Hebdo in Paris, the CAC40 sold of initially, and then gained 28% in following 4 months. CAC40 and European futures are rebounding already. Expecting a retest of the April '15 highs:


Saturday, November 14, 2015

$SPY Pattern and Trend

Perfect 38.2% price retracement of the last upswing for the SP500 (also a Sq9 diagonal hit).
Timewise, the September '15 and the December '14 declines have been matched:


Thursday, November 12, 2015

$QQQ Gap History and Price Targets

The Qs came within .3 points from our target. The subsequent decline started within two weeks of the gap, which is still waiting to get filled:














$SPY Gap and Trend

SPY is currently testing key support angle just above the Oct. 23rd gap area:













Market breadth remains dismal.

Wednesday, November 11, 2015

$SPY Pattern and Trend

The SP500 finally parted ways with the Oct '14 bullish pattern, and finds itself again in the middle of the '15 congestion zone:


Tuesday, November 10, 2015

$PCLN Earnings

PCLN remained true to form and dropped 12% after earnings on disappointing guidance:


Monday, November 09, 2015

$JPM and Rate Hike

The three major investment banks: JPM, GS and MS, are surging in anticipation of a December rate hike, and in the process have left large gaps waiting to get filled

 






Friday, November 06, 2015

$QQQ Price and Time Targets

The Qs don't show any intention of closing the gap yet, and continue trading above the August 1 x 1 angle. Getting close to the Nov 11th target:













The SPX, although in a slightly weaker position, is also holding above the trend line:


Thursday, November 05, 2015

$SPY Long-Term Trend Update

Since the early eighties, there have been only two bearish SPX ma crossovers, and half a dozen near misses:


Wednesday, November 04, 2015

$FXF Trade Set-Up

The USDCHF is showing a doble top in the making, combined with loss of momentum (negative divergence). A break below the 1 x 1 angle should trigger a short entry:






Tuesday, November 03, 2015

PCLN Ahead of Earnings

PCLN has a history of massive upswings ahead of earnings (next due on November 9th), followed by sizable sell-offs.


Monday, November 02, 2015

$SPY and '14 Rally

The SP500 continues to follow the blueprint of the October '14 rally to the day:


Friday, October 30, 2015

$QQQ Gap History

Since inception the Qs have had only 6 gaps of equal or bigger magnitude, all in the '99 - '02 period. All of them got filled within two weeks:


$SPY Wave Structure

Projecting the '14 analog in terms of wave structure:


Thursday, October 29, 2015

$UNG Update

NG is following the script to a T
Within 24h the gap is filled again:




Wednesday, October 28, 2015

$SPY and the FED

Kudos to the Fed for keeping the suspense without actually raising rates:


$UNG Gap Update

In less than 24h the gap was exceeded by a wide margin:

















and now is waiting to get filled on the downside.

$FXF Waiting to Exhale

The USD has been acting very strongly lately against the CHF, and has exceeded both the average upswing price and time targets. Currently bumping against strong resistance between .9875 & .99. The slightest disappointment from the Fed today can throw this in reverse. Average dowside swing target @ .9675:


Tuesday, October 27, 2015

$UNG Bounce

Despite a falling rig count since 2008, natural gas prices have been declining steadily for the last 7 years. Currently NG is testing the 2012 lows and offers a good risk/reward opportunity for at least a short-term long trade:
















On the daily chart there's a gap at the 2.22 - 2.28 level that's practically begging to get filled:


Monday, October 26, 2015

$FXY Continuing Consolidation

The narrowing of monthly CIT Bars suggests that momentum is waning and the pair has entered a period of consolidation which can last several more months. The trend remains up until the CIT Pivot at 116 is broken. Still plenty of room for short-term swing trading between 116 and 125:


#SPY and FOMC Meetings

Recent FOMC meetings and member's statements have delivered contradictory messages and resulted in mixed but strong market reaction:














Two things to keep an eye on: gap zones and angle support.

Saturday, October 24, 2015

Friday, October 23, 2015

$SPY Pattern and Trend

The good news is that the uptrend continues, and the SP500 even went briefly into the plus column for the year:











The bad news is that there are a couple of large gaps waiting to get filled.
First support level @ 2064, then 2053; first resistance level @ 2080.

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