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

Tuesday, March 31, 2015

Monday, March 30, 2015

$QQQ Channel and Trend

Qs jumping straight over the first obstacle:










while gold is retreating below support:


$AAPL Channel and Trend

AAPL finds itself at an inflection point, showing some similarities with the December '14 - January '15 period:


Friday, March 27, 2015

$NKE and Gann Angles

Nike swings well defined by Gann angles; poised to benefit from a rebound in the major indices:










and the DJIA in particular:


$QQQ Pattern and Trend

Qs showing some upswing potential but in need of follow through and a break above Thursday's highs:




Thursday, March 26, 2015

$DJIA and $DJT Divergence

The DJ Transport average has been lagging the industrials since December '14. A similar decline in the DJIA corresponds to 17000:












A decline to 1700 for the DJIA may not be in the cards immediately, however, since whoever wanted to get out of the Dow is out already:



$SPX Pattern and Trend

SP500 finding support exactly at the 50% retracement level of the latest upswing:


Wednesday, March 25, 2015

$SPX Pattern and Trend

The Sp500 didn't disappoint and continued following the majority of post-expiration patterns:


Tuesday, March 24, 2015

Monday, March 23, 2015

$SPX Pattern and Trend

SP500 continues to follow the 1 day up, 1 day down routine:


$DJIA and $DJT Divergence

DJT just broke below support while the DJIA continues charging higher:



Saturday, March 21, 2015

$SPX Pattern and Trend

The SP500 has followed the Quad witching pattern very closely so far and it's time now to take a look at what happens in post-expiration week:


The result is mixed but mostly sideways/down.

On a side note, "Patient"-in was worth 120 SPX points; "Patient"-out has been worth 52 so far. Measured in gold: 120 $/oz in, 40 $/oz out.

SPY trend bars point to 208-209 as the support zone above which price needs to stay to avoid trend reversal:













Daily market breadth is getting overbought:


Friday, March 20, 2015

$FTSE Pattern and Trend

FTSE breaking above key resistance level, following in DAX's footsteps:












$IWM Channel and Trend

While the narrower indices, such as the DJIA, NDX and SPX are playing catch-up, the Russell 2000 is leading on the way up to new highs:











$DJIA Trend and Support

Both the DJIA and the DJT are testing key support/resistance levels:



Thursday, March 19, 2015

$SPX Pattern and Trend

Despite the see-saw pattern, 1 day up, 1 day down, the trend is up:


Wednesday, March 18, 2015

$AAPL and DJIA History

AAPL starting a new uptrend ahead of its inclusion into the DJIA effective on Thursday, March 19th:


Tuesday, March 17, 2015

$AAPL Channel and Trend

Ahead of the Fed's decision,

AAPL on the verge of starting a new uptrend channel:










while IWM is leading and perfectly matched the March 2 high:










Not surprisingly, Bulls and Bears are equally matched as well:


$IWM Channel and Trend

The broader market, as represented by the Russell 2000, holding up pretty well so far (.28% decline), compared to the narrower indices, such as the DJIA, which is leading on the way down (.94% decline):











Monday, March 16, 2015

$SPX and Quad Week

SP500 following the seasonal pattern and starting quadruple witching week with a bang:


$IWM Channel and Trend

Russell 2000 stalling at double top:











BID having trouble trading above key resistance level:




$AAPL and Gap Fill

AAPL trying to find support around 122 after filling pretty much all the gaps following the blow-out earnings report in February:


Saturday, March 14, 2015

$SPX Ahead of the FED Meeting

The chart shows the reaction of the SP500 before and after recent FED meetings and quadruple witching:










In summary, there was a run-up during expiration week, followed by a sell-off. FED meetings didn't add anything to the equation, but nobody was expecting a change in the Fed's language either.

Friday, March 13, 2015

$SPX Pattern and Trend

Back and forth trading showing similarities with recent reversals:


Thursday, March 12, 2015

$IWM Trend and Targets

Russell 2000 continues to lead the major averages higher and is poised to be the first in line to challenge the February - March '15 highs:


$SPY Trend and Support/Resistance Levels

SPY has a clearly defined gap area (206.7 - 207.4), and any show of strength will be suspect until it gets filled and exceeded:










For the quad witching pattern, see below.

$SPX and Quadruple Witching

Time to Quadruple witching, March 20th:
T - 6 (in trading days).
Seems a little early for a lift-off but, then again, the current sell-off has been going on for ten days already. The strongest upmove usually starts around the beginning of expiration week or T - 3 (green arrows):




Wednesday, March 11, 2015

$IWM Channel and Trend

While the DJIA, Qs and SPX continue their slide, the Russell 2000 is bucking the trend and filled the Friday-Monday gap:



















The Dow Jones transportation average also had a positive day:










It still needs to break above 8950 to show signs of improving strength.

$SLV Trend and Targets

SLV is one support level away from a round trip to the '08 lows:


Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.