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:


$SPX Pattern and Trend

The SPX rising wedge is getting narrower by the day:


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

$SPY Pattern and Trend

SPY trading within the ascending wedge ahead of the FOMC decision:











Market breadth is dismal.

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:


$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:


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:


$LMCA Mergers and Trend

With Time Warner Cable back in play, LMCA is gearing up to challenge the '14 gap:


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:





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

$QQQ Pattern and Trend

The Qs have covered 82% of the '90 - '00 track in 68% of the time:


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:


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:


$MAT Pattern and Trend

When working with the right tools, MAT reveals a pattern of extended, tradable swings:


$SPX Pattern and Trend

SP500 getting one step closer to completing the two month long ascending wedge pattern:


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.

Sunday, April 19, 2015

$QQQ Pattern and Trend

Recent lows have all found support at the 50% retracement level at around 104.5:














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:




$IWM Pattern and Trend

The usual pre-opex sell-off brought Russell 2000 to the edge of the ascending wedge:


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 ?


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:


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:




$SPX Pattern and Trend

In January - February the SP500 made lower lows.
This time around, the SPX is making lower highs:


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)

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):



$AAPL Earnings Pattern

Will this time be any different ?


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.

Thursday, April 02, 2015

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