and momentum has dried up, while the Overbought/Oversold osc. is looking for a bottom:
Market Breadth Data******************************
Thursday, April 30, 2015
$IWM Pattern and Trend
The broader market, as represented by the Russell 2000, was the first to spill out of the rising wedge:
and momentum has dried up, while the Overbought/Oversold osc. is looking for a bottom:
and momentum has dried up, while the Overbought/Oversold osc. is looking for a bottom:
Wednesday, April 29, 2015
$SPY and FOMC Meeting
Despite all the excitement surrounding the FOMC meeting, SPY traded within the confines of Wednesday's candle and painted an inside day:
Pivot levels: 211.5 & 209.35
Pivot levels: 211.5 & 209.35
Tuesday, April 28, 2015
$YHOO and $BABA
Yahoo's future depends to a large extent on BABA's performance:
A break-out in BABA can do wonders for YHOO:
A break-out in BABA can do wonders for YHOO:
$SPX Channel and Trend
Support holds, and the SP500 remains within the current channel and the box at the start of the FOMC meeting:
$SPX Pattern and Trend
The e-mini is looking for support at the 50% retracement in early morning trading:
which happens to coincide with daily trend support for the SP500:
which happens to coincide with daily trend support for the SP500:
Monday, April 27, 2015
$SPX Channel and Trend
With the exception of the two periods starting in March '09 and November '14, the SP500 has mostly stayed inside the long Hurst Channel (green) and the short-term Up Channels (red dotted lines) based on the 1 x 1 Swing Angle:
Sunday, April 26, 2015
$SPX Channel and Trend
The SP500 continues following the '96 - '00 upward trajectory:
The trend remains intact until support at the December '14 low is broken:
The trend remains intact until support at the December '14 low is broken:
Saturday, April 25, 2015
$GLD Channel and Trend
Gold on track to test the November '14 and March '15 lows; once support at the lows is broken, broken, the race is on for the long-term target at 92.925:
Friday, April 24, 2015
Thursday, April 23, 2015
$SPX Accumulation and Distribution
From a Seasonal point of view, the current week is one of the strongest for the year, and the SP500 made a new high right on cue:
Bulls give the impression of feeling a little skittish and gun shy, however:
which is also reflected in a lagging momentum indicator:
Bulls give the impression of feeling a little skittish and gun shy, however:
which is also reflected in a lagging momentum indicator:
Wednesday, April 22, 2015
$SPX Accumulation and Distribution
The current Sp500 congestion zone is close to matching the duration of the December '14 - February '15 zone with half the volatility:
Tuesday, April 21, 2015
$SPY Pre-Market Action
The e-mini futures are currently finding strong support at the
confluence of the 61.8% and 50% retracement of the two most recent
intraday swings:
Monday, April 20, 2015
$SPY Pattern and Trend
The major indices (SPY & QQQ) trading within the Thursday - Friday gap zone:
supported by very strong market breadth.
supported by very strong market breadth.
Sunday, April 19, 2015
Friday, April 17, 2015
$SPX Pattern and Trend
The SP500 keeps up with the lower highs and higher lows pattern:
and Trend Bars have been anticipating swing changes perfectly:
and Trend Bars have been anticipating swing changes perfectly:
Thursday, April 16, 2015
$YHOO Trend and Resistance
Is the good news about the deal with MSFT enough to propel YHOO above key resistance at 45.85:
and to push MSFT towards the top of the channel ?
and to push MSFT towards the top of the channel ?
Wednesday, April 15, 2015
$IWM Breakout
Russell 2000, representing the broader market, is the first among the major averages to break out above the February-March highs:
while the SP500 is testing the top of the rectangle:
while the SP500 is testing the top of the rectangle:
Tuesday, April 14, 2015
$IWM Pattern and Trend
Russell 2000 continues trading within a well defined wedge pattern:
As one would expect, the large cap component of the Russell 2000:
is marching under a different beat, and is mimicking more closely the DJIA pattern and trend:
As one would expect, the large cap component of the Russell 2000:
is marching under a different beat, and is mimicking more closely the DJIA pattern and trend:
Monday, April 13, 2015
$SPX Pattern and Trend
SP500 approaching two key resistance levels:
Latest long/short swing winners: MDLZ, EWH, HLX, SPN, HAL, HE, BHI, SLB,
(Data courtesy of OT Signals)
Latest long/short swing winners: MDLZ, EWH, HLX, SPN, HAL, HE, BHI, SLB,
(Data courtesy of OT Signals)
Saturday, April 11, 2015
Thursday, April 09, 2015
$AAPL Pattern and Trend
AAPL treading water just below resistance ahead of the iWatch release in stores and pre-orders on Friday:
Wednesday, April 08, 2015
$IWM Pattern and Trend
Russell 2000 within spitting distance from the May all time high, trending stronger than the narrower averages (DJIA, NDX, SPX):
Tuesday, April 07, 2015
Monday, April 06, 2015
Friday, April 03, 2015
$SPX Pattern and Trend
The SP500 started and finished the first quarter of 2015 trading in a box:
(Chart courtesy of OT Signals)
Which way it breaks out of the box is likely to determine its trend in April.
(Chart courtesy of OT Signals)
Which way it breaks out of the box is likely to determine its trend in April.
Thursday, April 02, 2015
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