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

Tuesday, March 31, 2015

$NKE Price Target

NKE benefiting from a generous price target increase to $115 by Deutsche Bank:

The Tale of Two Europas



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:

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