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

Thursday, July 30, 2015

$SPY Pattern and Trend

SPY needs to rise above 212.75 to break out of the topping pattern:


Tuesday, July 28, 2015

$SPY Positive Divergence

Lower momentum readings (bottom)coupled with higher lows for the major indices:


Friday, July 24, 2015

$SPY Angles and Retracement levels

For most of 2015 SPY has been finding support around the 50% retracement level:




















(Chart courtesy of Gann 9)

Wednesday, July 22, 2015

$AAPL Price Target Update

Judging by after market reaction AAPL is not going to disappoint, and is going to deliver the usual post-earnings wild action:













The stock has been trading in a box since February of this year, and this is not likely to change any time soon.

Monday, July 20, 2015

$SPY Target Update

The e-mini hit its upside target to the tick:


















All eyes shift to AAPL which has a history of wild swings before and after earnings reports:








In the meantime, Gold is racing to its 925/92.5 target:


Thursday, July 16, 2015

Tuesday, July 14, 2015

$SPY Target Update

The futures made it half-way through the upside target zone:


Monday, July 13, 2015

$DIA and Market Sentiment

As noted before, market breadth has been exceptionally strong the last couple of days, which is reflected in very bullish sentiment readings. As a result, all longs are in:


$SPY Pattern and Trend

The SP500 filled the June 30th gap and is currently trading above the key 209 level accompanied by very strong market breadth:









Next upside target is 212.

$SPY Quick Solution for Greek Drama

Futures are trading up pre-market above the daily SAR angle:




Sunday, July 12, 2015

SPY Weekly Trend

The market remains news driven and by the looks of it, the Greek drama will drag on for at least another week:









The weekly SPX breakout/breakdown lines are clearly defined. An easy way to follow the daily moves inside the weekly support/resistance zone is by drawing the correct SAR angles:


Friday, July 10, 2015

$SPY Pattern and Trend

Today is shaping up to be another inside day (3rd in a row this week for the e-mini):


Thursday, July 09, 2015

$AAPL Support/Resistance Levels

AAPL trapped between May's lows and SAR angles:















Channel support/resistance levels: 120 and 127.

$SPY Pattern and Trend

E-mini, once again, turning positive for the year:















still trapped within the Greco-Chinese box.

$HSI Upside Reversal

What a difference a day makes.
HSI plowing through resistance and closing last week's gap:


Wednesday, July 08, 2015

$SPY Targets

Should support break, 1990 looms as potential downside target for the e-mini:















Meanwhile. 2052 becomes the next upside pivot line.

$SPY Pre-Market Action

Another day, another retest of the 2015 break-even level for the e-mini:













Thank you Greece and China !

Tuesday, July 07, 2015

$SPY Pattern and Trend

SPY fighting hard to get back within the box. It's also encouraging to see that the '15 lows are holding:

:


Monday, July 06, 2015

$QQQ Box Trading

Qs and the major averages remain stuck in the Greek referendum box, with clearly defined support/resistance levels:












Everything in between is just noise. Unfortunately, those who think that the referendum will bring a speedy solution to the crisis are sadly mistaken, and the uncertainty will keep pressure on the markets.

SPY and Varoufakis' Resignation Rebound

The futures bouncing off the April '15 lows on news of V's resignation, currently trying to break even for the year:











Sunday, July 05, 2015

$SPY First Half of 2015 Update

Of all the major averages only the DJIA is trading below the close of 2014:












Sentiment readings more or less reflect the 50/50 split pre-election polls in Greece and suggest that traders are hesitant but not panicky ahead of the OXI/NAI vote:


Trading Books