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

Wednesday, March 30, 2016

$DIA The Fear of Being Left Behind

All aboard the bull train, the fear of under-performance:

The only non-participant among the gang of 30 is BA, although in the weekly time frame the score remains 30/30.

$SPY Pattern and Trend Update

With a little help from a dovish Yellen, the bulls took charge once again:

and Relative Volume is leading the way:

Tuesday, March 29, 2016

$SPY Pattern and Trend Update

The SPX is at a critical juncture and seems to be running out of gas and breaking away from the stair-step pattern:

Thursday, March 24, 2016

$SPY Pattern and Trend

The short-term pattern so far looks like a bull flag. Price action is confined between two angles and the ability of the SPX to break above/below them will determine its future trend. There's resistance @ 2038 and support @ 2010:

The cycle pattern suggests something like this:

Momentum is fading but hasn't reached oversold levels yet:

Wednesday, March 23, 2016

$SPY pattern and trend

When it comes to duration, the current upswing, while not in record territory yet, is definitely pushing the envelope:

Tuesday, March 22, 2016

$SPY and Brussels Attacks

The pull-back following the Brussels attacks may be the catalyst to start a down-swing:

provided angle support @ 2036 gets broken.

Monday, March 21, 2016

$SPY Alternative Pattern and Trend

The alternative to the scenario outlined yesterday is a continuation of the stair-step pattern until the next cycle due date of March 30th:

Sunday, March 20, 2016

$SPY Price and Pattern Update

So far the SPX and the DJ30  have covered exactly the same ground as they did in October - November '15, and are within a couple of  % from the November '15 highs:

And if the similarities continue to hold, this is what the future may look like:

(Spoiler alert: it is never that simple)

The broader market, represented by Russell 2000, has advanced more percentage and point wise, but it suffered a more severe decline in 2015 and lags the November '15 highs by a wider margin:

The Qs are a reason for concern since they have advanced less and are still 7% below the November '15 high:

Saturday, March 19, 2016

$NKE Ahead of Earnings

NKE has failed at these levels twice before and any price drop below Friday's low should normally be considered a sell signal. The company, however, will report earnings on Tuesday, March 22nd, and that can cause a wild price swing, just like it happened throughout 2015:

Thursday, March 17, 2016

$SPY Time and Price Channel Targets

The SPX has already exceeded the length of the February '15 rally:

Next time targets are March 18th and April 1st.
Next resistance level @2040.
Trend support at lower channel.

Wednesday, March 16, 2016

$SPY Climbing the Ladder

The SPX continues grinding higher into the FOMC meeting:

The outlook remains positive as long as it stays above angle support.

If at First You Don't Succeed

Bill Ackman's long:

and short position:

Monday, March 14, 2016

ETF Dynamic Weight Allocation

Based on current Power ETF rankings, this is the suggested Dynamic Weight Allocation:

with the corresponding number of shares to buy:

Check here for live updates.

Saturday, March 12, 2016

ETF Power Rotation Rankings

Momentum industry ETF leaders:

January: XLU, GDX, XLP

February: GDX, XLB, XLU

March: XLE, XLF, XLB

(source: ETF Power Rotation))

Friday, March 11, 2016

$SPY Touch-and-Go

After a few days of sideways movement, needed to work off overbought market breadth, the touch-and-go pattern is resuming:

Thursday, March 10, 2016

$SPY and Weekly Cycles

Looking at the SPX weekly chart one can make a case for a 30 week cycle, with cycle lows expected in April and late August - early September:

Wednesday, March 09, 2016

$QQQ Reason for Concern

One area of concern for the bulls is that the Qs have been lagging the SP500 during the last few days of the advance and have flatlined since the beginning of March:

Tuesday, March 08, 2016

$SPY at Critical Juncture

The reversal came exactly on the CIT date, and now the big question is whether angle support can hold, and whether the touch and go pattern can continue, like it did in October '15:

Monday, March 07, 2016

$SPY Angles, Targets and Trend

It rarely gets more precise than this:

It remains to be seen whether price action and reaction will remain the same.

Saturday, March 05, 2016

$SPY Trend and Sentiment

The SP500 reached its upside target a day ahead of schedule:

and weekly sentiment readings reached max. overbought levels:

Friday, March 04, 2016

$SPY and Sentiment

Market sentiment has peaked just ahead of the jobs report which is a recipe for selling the news at the slightest disappointment from the jobs data:

The bullish scenario shows room for a little bit more upside potential:

Thursday, March 03, 2016

$SPY Pattern and Trend

The SPX upswing continues but after 15 days is getting a little long in the tooth:

the COG moved up to 1900, angle support at 1945.

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