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


             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:

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