Bear Fund has some down room
Beta stocks [playing catch up
Weekly cumulative momentum breadth making higher high
Daily price breadth retreating from extreme high. My take is choppy actions before seeing clear directional move
RUSSEL 2000 A decisive move near resistance
Small Cap / Large Cap Ratio showing improvement
SPX Daily chart
SPX Weekly minor negative divergence
SPY Daily Reset overbought condition
SPY Hourly series of higher lows and RSI in vicinity of bounce zone
SPY Price Bar chart
VIX/VXV As long it is hanging near the red zone stocks can go higher but being EXTRA cautious here is not a bad idea
USD/JPY Similar action as 10/31/14
AAPL sitting on fib and channel support waiting for ER on 04/26
CL Crude Oil above 45 PT: 50
DX Dollar Dollar Bill very likely of a breakout to upper channel and 200SMA
GC Gold holding TL
PFE Potential Buy on Pullback
LMT Lockheed Martin Tight range awaiting for ER 04/26
HN Trading Consultant Group
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Saturday, April 23, 2016
Wednesday, December 30, 2015
AMZN FB GOOGL LMT PFE WMT
Below are stocks that are running or ready for a short term bounce.
$FB
$GOOGL
$LMT
$PFE
$WMT: This could be stock of the year in 2016
Saturday, December 12, 2015
Approaching intermediate Low
Friday 12/12: SPX index drops -1.94%. It appears to be approaching oversold condition based on indicators I follow.
Zweig Thrust: 0.36854, reading below 0.4 is considered oversold. Friday reading is even lower than readings on 08/20 and 08/21.
Mcclellan oscillator (NYMO): -82.67, reading this low only occurred twice this year
Climax Gauge: -2.17; Reading below -2 usually means low is near, and bounce should be expected
VIX/VXV: 1.00041; As long reading does not exceed 1.05, tradeable bottom shall be expected
Sunday, November 15, 2015
SPX Near Term Outlook
Some charts on S&P 500 I'd like to share:
$SPX DAILY: Potential Target: 1965s or 61% Fib level
$SPX DAILY: Expect price to run through some or all of these gaps
$SPX WEEKLY: 23% Fib is probable target
$SPX DAILY: Potential Target: 1965s or 61% Fib level
$SPX DAILY: Expect price to run through some or all of these gaps
$SPX WEEKLY: 23% Fib is probable target
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