Market Breadth Data******************************
Tuesday, March 31, 2015
Monday, March 30, 2015
$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:
and the DJIA in particular:
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:
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:
Wednesday, March 25, 2015
Tuesday, March 24, 2015
Monday, March 23, 2015
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:
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
$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:
Thursday, March 19, 2015
Wednesday, March 18, 2015
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:
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
$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.
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
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.
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):
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.
The Dow Jones transportation average also had a positive day:
It still needs to break above 8950 to show signs of improving strength.
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