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

Monday, November 30, 2015

$SPY Pattern and Trend

The SP500 continues to trade in a very narrow range for the second week in a row ahead of the release of key economic data on Friday preceding the December Fed meeting:
















Meanwhile, market breadth is getting oversold:




The fastest moves usually occur the last few days before market breadth turns.

Monday, November 23, 2015

$SPY Pattern and Trend

The SP500 has been stuck in a very narrow range for the last three days, defined by support at 2076 and resistance at 2094 (90 degrees up from the Nov 16th low):


















The next support/resistance levels are 2115 and 2040.

Friday, November 20, 2015

USDJPY Trade Setup

The USD is in an upswing against the JPY but got rejected twice at the 90 degrees up price target calculated from the Oct 15th low. Currently, the USD has found support right on the 30 degree up angle drawn from the same low. A continuation of the trend should lead to another retest of 123.5. Any break below the support angle opens the door for a retest of the Nov 16th low:


Thursday, November 19, 2015

$SPY Pre-market Action

The futures have advanced exactly 180 degrees up from the Nov 16th low. 2094 becomes the next fulcrum:


Wednesday, November 18, 2015

$SPY Trend and Pattern

The SP500 is moving up right on cue:


$BID Trend and Support

Despite the record setting auction price for Modigliani, BID (the global liquidometer) hasn't done very well lately. The stock, however, is approaching a multi-year support zone, and an oversold bounce should be expected.


Monday, November 16, 2015

$QQQ and Gap History

Mission accomplished: gap filled:

















Not completely out of the woods yet on the daily, but shorter time frames are on a buy signal already.

$EWQ and Terrorist Attacks

Following the Jan 7, 2015 shooting at Charlie Hebdo in Paris, the CAC40 sold of initially, and then gained 28% in following 4 months. CAC40 and European futures are rebounding already. Expecting a retest of the April '15 highs:


Saturday, November 14, 2015

$SPY Pattern and Trend

Perfect 38.2% price retracement of the last upswing for the SP500 (also a Sq9 diagonal hit).
Timewise, the September '15 and the December '14 declines have been matched:


Thursday, November 12, 2015

$QQQ Gap History and Price Targets

The Qs came within .3 points from our target. The subsequent decline started within two weeks of the gap, which is still waiting to get filled:














$SPY Gap and Trend

SPY is currently testing key support angle just above the Oct. 23rd gap area:













Market breadth remains dismal.

Wednesday, November 11, 2015

$SPY Pattern and Trend

The SP500 finally parted ways with the Oct '14 bullish pattern, and finds itself again in the middle of the '15 congestion zone:


Tuesday, November 10, 2015

$PCLN Earnings

PCLN remained true to form and dropped 12% after earnings on disappointing guidance:


Monday, November 09, 2015

$JPM and Rate Hike

The three major investment banks: JPM, GS and MS, are surging in anticipation of a December rate hike, and in the process have left large gaps waiting to get filled

 






Friday, November 06, 2015

$QQQ Price and Time Targets

The Qs don't show any intention of closing the gap yet, and continue trading above the August 1 x 1 angle. Getting close to the Nov 11th target:













The SPX, although in a slightly weaker position, is also holding above the trend line:


Thursday, November 05, 2015

$SPY Long-Term Trend Update

Since the early eighties, there have been only two bearish SPX ma crossovers, and half a dozen near misses:


Wednesday, November 04, 2015

$FXF Trade Set-Up

The USDCHF is showing a doble top in the making, combined with loss of momentum (negative divergence). A break below the 1 x 1 angle should trigger a short entry:






Tuesday, November 03, 2015

PCLN Ahead of Earnings

PCLN has a history of massive upswings ahead of earnings (next due on November 9th), followed by sizable sell-offs.


Monday, November 02, 2015

$SPY and '14 Rally

The SP500 continues to follow the blueprint of the October '14 rally to the day:


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