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

Tuesday, January 31, 2017

$SPY Market Breadth

Market breadth on the NYSE is retreating from overbought levels, signaling a sideways/down phase:
















(Chart courtesy of Market Breadth)

$FANG Pattern and Trend

FANGs (FB, AMZN, NFLX, GOOG) completing a wave 3 up:










just when NDX market breadth reached overbought levels:


Friday, January 27, 2017

$SPY Bulls and Bears

While the SP500 index is rising, the Bulls are quietly exiting stage left. Such divergences can't last very long:









Nevertheless, the trend is projected to remain bullish for the next couple of weeks, and the first upside target for the Qs for February 10th is 127.6:

























(Data courtesy of OddsTrader)

Tuesday, January 24, 2017

$SPY Inside Week

It is interesting to note that since 1963 there have been 10 SP500 consolidations accompanied by two inside weeks in a row, and all of them have preceded higher index prices:


Saturday, January 21, 2017

$SPY Pattern and Trend

The SP500 keeps on doing the seemingly impossible -- remaining in a prolonged consolidation while still following a bullish angle:












Meanwhile, the FANGs thrid wave up has completely flat-lined:


Wednesday, January 18, 2017

$SPY Pattern and Trend

Consolidation and angle support are the two themes continuing to dominate the technical landscape for the SP500 at the beginning of the '17:





Thursday, January 12, 2017

$SPY Pattern and Trend

Continued congestion at the top for the SP500:












Meanwhile, the FANGs are in the middle of a third wave up:


Tuesday, January 10, 2017

Friday, January 06, 2017

$SPY Pattern and Trend

There are some similarities with the mid '16 consolidation:


Wednesday, January 04, 2017

$SPY Positive Start of 2017

The major indices started 2017 on a positive note, but for a break out to new all time highs to occur, market breath has some serious catching up to do:



Trading Books