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Market Snapshot - February 7, 2019 close
* Note the Advancers and Decliners improved by a large margin from their mid-day values
Dow 25169.53 -220.77 (-0.87%)
Nasdaq 7288.36 -86.93 (-1.18%)
SP 500 2706.01 -25.56 (-0.94%)
10-yr Note +12/32 2.661
NYSE Adv 904 Dec 1972 Vol 947.6 mln
Nasdaq Adv 970 Dec 2029 Vol 2.3 bln
Industry Watch
Strong: Utilities, Real Estate
Weak: Energy, Information Technology, Materials
Moving the Market
Wall Street pulls back amid recurring concerns about a slowdown in global growth and the prospects of a U.S-China trade deal
Bank of England, EU Commission lower growth outlooks
President Trump confirms it is unlikely he will meet with President Xi before the March 1 deadline
Reactions to earnings reports were generally negative
======================
$SPX daily closes chart -
* bullish while above $2690 horizontal and/or
while above the 233-day exponential moving average
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=8&dy=0&id=p6051750765c&a=588693282
FTSE 100 slides as EU and the BoE slash growth forecasts,
TUI tumbles
===================
EFA weekly since 2016 -
* 5-week sma is providing support during pullbacks,
and bulls need this condition to continue
http://stockcharts.com/h-sc/ui?s=EFA&p=W&yr=2&mn=4&dy=0&id=p5365315522c&a=624708948
===================
Mark Newton
@MarkNewtonCMT
1 minute ago
Emerging Markets and Commodites breaking down were a couple of today's KEY developments-
EEM broke January's uptrend with Thursday's close under the lows of the prior 5 days as the USD moved higher for the 6th straight day
SPY weekly revised for the February 7, 2019 decline low,
so far today -
* the weekly 21 simple moving average is providing support,
for now ( $267.86 at this moment = 21-week sma, $266.31 = 21-week ema )
* the $OEX is under performing the $SPX for multiple weeks, and
the question remains how the current week will finalize vs. the recent weeks for the $OEX to $SPX ratio
http://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=1&mn=11&dy=20&id=p0805418861c&a=644369322
A little earnings growth seen as enough to lift the S&P 500: Chart of the Day --
Slower earnings growth will be enough to spur gains in U.S. stocks, according to Tony Dwyer, Canaccord Genuity Group Inc.’s chief market strategist.
“The equity market is most closely correlated to the direction of earnings,” he wrote Tuesday in a report.
Dwyer cited the relationship between the S&P 500 Index and the operating income for its companies, calculated on a per-share basis.
Dwyer expects S&P 500 earnings to increase 5 percent this year after climbing about 25 percent last year.
----------
Sincerely,
David Wilson
Stocks Editor, Bloomberg Radio
Author, Visual Guide to Financial Markets
Market Snapshot - February 7, 2019 12:55 pm eastern
Dow 25017.73 -372.57 (-1.47%)
Nasdaq 7245.32 -129.97 (-1.76%)
SP 500 2689.84 -41.73 (-1.53%)
10-yr Note +12/32 2.662
NYSE Adv 627 Dec 2250 Vol 381.5 mln
Nasdaq Adv 738 Dec 2152 Vol 1.3 bln
Industry Watch --
Strong: Utilities, Real Estate
Weak: Energy, Communication Services, Materials, Information Technology
Moving the Market --
Major averages pull back with notable losses
President Trump is reportedly unlikely to meet with President Xi before the March 1 deadline
Lingering concerns over slowing global growth weigh on sentiment
Reactions to today's earnings reports have generally been negative
Larry Tomlinson
@mrktlarry
3 hours ago
2/07,
odds are a minor wave 4 in progress.
Window at 2660 to 2620 common for a wave 4.
Daily support 2727/2724 should not hold today.
Weekly support 2724/2713.
$SPX daily closes chart with the 200,2 Bollinger Band -
* bullish while above the 233-day exponential moving average,
which is the current condition
* awaiting the 150-day sma and 200-day sma now above
the price action as of February 6, 2019
( $2750 and $2742 values of MA's now )
* bullish while above the $2690 level,
which is the current condition
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=8&dy=0&id=p7913748896c&a=588693282
JP Morgan global strategists lifted allocations to emerging-market stocks and bonds per this article -
dated February 6, 2018
https://www.bloomberg.com//news/articles/2019-02-07/jpmorgan-says-boost-your-risk-postions-and-unwind-those-hedges?srnd=markets-vp
The Federal Reserve’s pause on further tightening, and the chance of a positive surprise from China’s economy, have strategists at JPMorgan Chase & Co. beefing up risk-taking positions, cutting cash levels and favoring industrial metals.
The bank’s global strategists continue to favor equities relative to bonds, saying in a monthly report that markets are still some way off from fully pricing in less tightening from the Fed. With valuations more supportive, they scrapped hedges that helped cushion performance going into December. They lifted allocations to emerging-market stocks and bonds.
“This decisive dovish shift, to the extent it is sustained, is removing some of the headwinds that caused the 2018 market rout and raises the prospect of 2019 being an asset-reflation year,” JPMorgan strategists led by London-based Nikolaos Panigirtzoglou wrote in the Feb. 6 note.
Stocks rallied through January as dovish Fed tilt spurred risk taking
Among the JPMorgan team’s new key trades:
Shift away from gold to industrial metals
Favor spread widening in European high yield bonds relative to investment grade, thanks to weaker growth in Europe
Buy a basket of U.S. stocks sensitive to China and trade
Lift credit to neutral from underweight
The group closed some complex hedges, including bets on German and U.S. interest rates, and pared back its underweight recommendation for credit.
Global stocks are already up about 13 percent since the Christmas-time lows, though the rally is now exhibiting signs of fatigue. Up next is a round of U.S.-China talks in Beijing, with the U.S. delegation led by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The latest round of data shows activity in the Chinese economy is stabilizing in conjunction with signs of progress in the talks, the strategists wrote.
“This dynamic is not only related to a more optimistic view on U.S.-China trade negotiations, but also the possibility that the lagged effects from previous stimulus combined with new stimulus measures will make China look better than last year from a stimulus-traction point of view,” they wrote.
Larry Tomlinson
@mrktlarry
11 hours ago
2/6
Daily resistance 2742/2746
support 2733/2730.
A minor wave four is due at any time now.
10 hours ago
window targets 2670 to 2620 for a wave 4 correction
=========================
Bespoke
@bespokeinvest
4 hours ago
S&P 500 may be having trouble getting above 200-DMA,
but the equal-weighted version closed above its 200-DMA yesterday. $RSP $SPY
======================
FuturesTrader71
@FuturesTrader71
3 hours ago
/ES_F put in an inside day and balanced on top
of yday's balance.
Entire range was put in during 1st hour of pit session.
Expecting a breakout tomorrow.
Remember 2735.25 is a big balance area so no surprises here.
=======================
/ES chart by eminiwizard updated early a.m. February 6th -
========================
Sam Stovall
@StovallCFRA
11 hours ago
The S&P 500’s gain of 7.9% in January was good enough to rank
it in the top five Januaries since WWII,
and well above the 1.1% average gain for all Januaries
Also, all 11 sectors in the S&P Composite 1500
rose in price,
led by energy, industrials and real estate,
while the laggards included the defensive consumer staples, health care and utilities groups
=========================
"How bullish is it when $SPX is positive in BOTH January and February of the same year? Ridiculously Bullish."
S&P 500 net Advance-Decline line is now resting near its 50,2 Upper Bollinger Band
http://stockcharts.com/h-sc/ui?s=%21ADLINESPX&p=D&yr=1&mn=9&dy=0&id=p2010496267c&a=644370502
S&P 500 net Advance-Decline line with the A-D line's
50,2 and 21,2 %B's for potential top spotting
OR
for potential bottom spotting
OR
for spotting trending and near-term durable advances or declines
http://stockcharts.com/h-sc/ui?s=%21NETADSPX&p=D&yr=0&mn=11&dy=0&id=p19503049569&a=500864585
for context with other S&P 500 internals and a single internal displayed for multiple indices -
http://stockcharts.com/h-sc/ui?s=%21PMOAZSPX&p=D&yr=0&mn=8&dy=20&id=p74875715577&a=607167804
repeat of the S&P 500 net Advance-Decline line vs. its
50,2 Bollinger Band and with the daily A-D values in histogram format -
http://stockcharts.com/h-sc/ui?s=%21ADLINESPX&p=D&st=2018-05-01&id=p6125333052c&a=607135436
SPY daily closes chart vs. SPY's 100-day simple moving average, and
with several S&P 500 internals -
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=6&dy=0&id=p37189337956&a=523791343
$NYSI since 2013 -
http://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&st=2013-01-01&id=p5305300643c&a=382915264
$NYSI, $NYMO and cumulative $NYAD vs. key vigilance moving
averages used for the near-term movement evaluation only
* no weakness in their ongoing up trends since their late December 2018 low, as of February 6, 2019 -
http://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&yr=1&mn=10&dy=0&id=p8384425995c&a=306420470
15-month simple moving average is nearby for 6 indices - February 6, 2019 -
and the $NYA - NYSE Composite index - is under performing the other
5 indices relative to its proximity to the 15-month sma ..
it is not unusual for $NYA to lag the other indices for a period of days or weeks, based on past history over the years because of the influence
of financials, energy and materials stocks within the $NYA ... though eventually catching up to the other indices'
performance is usually required
for the US equity market to stage an advance with actual staying power
* several indices reside above their 15-month sma, which supports
the bullish case while the condition continues
http://stockcharts.com/h-sc/ui?s=%24NYA&p=M&yr=3&mn=10&dy=0&id=p7137201982c&a=568822129
$NYA vs. its 89-day exponential moving average
and with 50,2 Bollinger Band
$NYMO vs. its 21-day ema, which is now acting as consistent
support during pullbacks
$NYSI at +820 is a bit extended based on the past chart history, and its
daily RSI-14 reveals this as well ( not shown on this chart )
http://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=3&mn=3&dy=0&id=p6702709401c&a=305133842
$NYSI daily chart -
http://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&st=2013-01-01&id=p1995046673c&a=382915264
Market Timing chart pack by John Bollinger
updated for the Monday February 4, 2019 close -
https://docs.wixstatic.com/ugd/58be43_6c77d739bbf0478fb89916340e820bd8.pdf
* this launches a PDF
Market Snapshot for February 5, 2019 close -
Dow 25411.52 +172.15 (0.68%)
Nasdaq 7402.09 +54.55 (0.74%)
SP 500 2737.66 +12.83 (0.47%)
10-yr Note +6/32 2.700
NYSE Adv 1789 Dec 1074 Vol 842.3 mln
Nasdaq Adv 1679 Dec 1347 Vol 2.2 bln
briefing.com market wrap for day's close & the mention
of the $SPX approach from below of the 200-day simple
moving average -
https://www.briefing.com/investor/markets/stock-market-update/2019/2/5/stocks-close-near-highs-s-and-p-500-flirts-with-200day-moving-average.htm
$NYSI rests at the +820 level on February 5th -
http://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&st=2013-01-01&id=p0895347219c&a=382915264
$SPX daily with Carl Swenlin's PMO analysis
and with three distinct PMO internals for
the S&P 500 index -
* bullish event while $SPX price remains above
its 233-day exponential moving average which
is the current condition for several days
* bullish while holding above $SPX $2690 horizontal
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=2&mn=8&dy=0&id=p9209346275c&a=552043921
* SPY rests above the 100-day sma for several consecutive days
* S&P 1500 Composite index rests above the 100-day simple moving average
* S&P 100 index rests above the 100-day sma for a single day, February 5, 2019
above the 100 dsma
XLK
XLF
XLV
XLY
XLP
XLI
XLB
XLU
below the 100 dsma
XLE
daily charts with the focus on the 100-day simple moving average plus the PMO analysis for each symbol -
* the 126,2 daily Bollinger Band is the selected setting
for a long-term analytical context
http://stockcharts.com/h-sc/ui?s=XLK&p=D&yr=0&mn=10&dy=0&id=p5129377307c&a=552043929
http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=10&dy=0&id=p5017360177c&a=552043925
http://stockcharts.com/h-sc/ui?s=XLV&p=D&yr=0&mn=10&dy=0&id=p3536923173c&a=552043926
http://stockcharts.com/h-sc/ui?s=XLY&p=D&yr=0&mn=10&dy=0&id=p0069061724c&a=552043922
http://stockcharts.com/h-sc/ui?s=XLI&p=D&yr=0&mn=10&dy=0&id=p3901417840c&a=552043927
http://stockcharts.com/h-sc/ui?s=XLP&p=D&yr=0&mn=10&dy=0&id=p9852599196c&a=552043923
http://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=0&mn=10&dy=0&id=p7950866438c&a=552043924
http://stockcharts.com/h-sc/ui?s=XLB&p=D&yr=0&mn=10&dy=0&id=p3594318861c&a=552043928
http://stockcharts.com/h-sc/ui?s=XLU&p=D&yr=0&mn=10&dy=0&id=p7029432950c&a=552043930
QQQ and $NDX daily price action with their
200,2 Bollinger Band settings since the final
trading day of 2014 --
* the 126-day simple moving average is instructive when
placed as an overlay on the various chart elements
http://stockcharts.com/h-sc/ui?s=%24NDX&p=D&st=2014-12-31&id=p0856495082c&a=606830796
* will these symbols surpass their 200-day simple
moving average by a large margin,
and then reside within the upper BB for a period
of weeks?
( the /ES S&P 500 index futures' 200-day simple moving average remains
a few points higher than this week's price high for the /ES as
the 200-day sma continues to rise for the March 2019 /ES contract )
=================
chart status overview - February 5, 2019 closing update
what is new in today's February 5th equity price action is that --
1. S&P 500 index daily chart --
* $SPX 150-day and 126-day ( 2 quarters of price action ) simple moving averages are now nearby
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=4&mn=0&dy=0&id=p1184879359c&a=422054357
the S&P 1500 Advance-Decline Percent daily chart provides
evidence by the various chart elements of a constructive argument
for a continued price advance, though a nearby pause in the index
price actions would be a customary and reasonable expectation,
though a pullback of any size is not necessary based
on the current Bollinger Band setups for these index price actions
http://stockcharts.com/h-sc/ui?s=%24SUPADP&p=D&st=2014-07-01&id=p1446869643c&a=644367543
2. 100-day simple moving average status --
S&P 100 index - $OEX - now above the 100-day sma
the $OEX is joining others which have recently advanced
above the 100-day simple moving average
SPY
QQQ
S&P 1500
S&P 500 Equally Weighted index - $SPXEW and RSP
NYSE Composite index
Nasdaq Composite index
Dow Jones Industrials Average
S&P 400 Mid Cap index
------------------------------------------------------
Banking index - $BKX and the S&P 600 Small Cap index have
not yet surpassed the 100-day simple moving average
Larry Tomlinson
@mrktlarry
3 hours ago
February 5, 2019
Daily resistance 2733/2739
support 2717/2711.
Next Fibonacci window at 2732 to 2747.
------------------------------------------------
what is new in today's February 5th equity price action is that
S&P 100 - $OEX - now above the 100-day sma
S&P 500 Equally Weighted index - $SPXEW - now above 100 dsma
joining others which have recently advanced
above the 100-day simple moving average
SPY
QQQ
S&P 1500
NYSE Composite index
Nasdaq Composite index
Dow Jones Industrials Average
S&P 400 Mid Cap index
Banking index - $BKX and the S&P 600 Small Cap index has
not yet surpassed the 100-day simple moving average
Larry Tomlinson
@mrktlarry
16 hours ago
2/4, New month projections for February 2019
resistance 2786/2849
support 2622/2560
bullish above 2687
bearish below 2593.
Weekly resistance 2735/2757
support 2678/2656.
Daily resistance 2713/2717
support 2700/2696.
a Close above 2717 is a major breakout.
* SPY rests above the 100-day sma for several consecutive days
* S&P 1500 Composite index rests above the 100-day simple moving average
above the 100 dsma
XLK
XLF
XLV
XLY
XLP
XLI
XLU
below the 100 dsma
XLE
XLB
daily charts with the focus on the 100-day simple moving average plus the PMO analysis for each symbol -
* the 126,2 daily Bollinger Band is the selected setting
for a long-term analytical context
http://stockcharts.com/h-sc/ui?s=XLK&p=D&yr=0&mn=10&dy=0&id=p5129377307c&a=552043929
http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=10&dy=0&id=p5017360177c&a=552043925
http://stockcharts.com/h-sc/ui?s=XLV&p=D&yr=0&mn=10&dy=0&id=p3536923173c&a=552043926
http://stockcharts.com/h-sc/ui?s=XLY&p=D&yr=0&mn=10&dy=0&id=p0069061724c&a=552043922
http://stockcharts.com/h-sc/ui?s=XLI&p=D&yr=0&mn=10&dy=0&id=p3901417840c&a=552043927
http://stockcharts.com/h-sc/ui?s=XLP&p=D&yr=0&mn=10&dy=0&id=p9852599196c&a=552043923
http://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=0&mn=10&dy=0&id=p7950866438c&a=552043924
http://stockcharts.com/h-sc/ui?s=XLB&p=D&yr=0&mn=10&dy=0&id=p3594318861c&a=552043928
http://stockcharts.com/h-sc/ui?s=XLU&p=D&yr=0&mn=10&dy=0&id=p7029432950c&a=552043930
SPY weekly displaying both the 20,2 Bollinger Band
and
the 104,2 Bollinger Band ( 2 years of price action )
http://stockcharts.com/h-sc/ui?s=SPY&p=W&st=2013-08-26&id=p6401602239c&a=369089730
SPY monthly displaying:
20,2 BB
15,2 BB
36,2 BB ( 3 years of price action )
http://stockcharts.com/h-sc/ui?s=SPY&p=M&st=2013-08-26&id=p0491153556c&a=643883237
The NYSE all-issues weekly cumulative Advance-Decline line
has been higher for six straight weeks.
That has happened only two other times in the past six years.
the NYSE all-issues Advance-Decline breadth line is displayed
as the lowest chart element in this daily chart
for the $NYAD -
http://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=0&mn=8&dy=13&id=p1851879573c&a=624707621
$NYA monthly with 5 other indices,
and
displaying the 15,2 Bollinger Bands
http://stockcharts.com/h-sc/ui?s=%24NYA&p=M&yr=3&mn=10&dy=0&id=p1601538367c&listNum=87&a=568822129
S&P 1500 Composite index
interpretation of daily and weekly charts -
daily chart -
http://stockcharts.com/h-sc/ui?s=%24SPSUPX&p=D&yr=1&mn=4&dy=0&id=p7089314153c&a=524593808
price action now resides above the
important upper boundary of the
599-609 bull/bear divider
price zone located in the middle of
the price ranges of prior
highs and lows
* bears need price back below the 21,2 daily lower BB
for a long duration lasting weeks
AND
a lasting hold below 599 price level
SPY daily -
* all chart elements merit close scrutiny at all times
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=3&dy=0&id=p38709536200&a=625947950
upside price target values by Glen as of the February 1, 2019
close for the major US indices , based on Glen's
CCI and Moving Average combo system for determining
the next possible milestone chart values on each
timeframe's chart ---
using the CCI trigger at a distinct
value in combination with the Moving Average for index price action
associated with that specific CCI trigger
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146544930
"A couple weeks ago, I gave the targets on the major indices as the 20MA's.. These are my new signals and targets.
NASDAQ...34MA now at 7463
DOW 20MA.Hit And it hit the 34MA which is just a few points higher....No new signals
NYSE...34MA, 12460
RUT 34MA, 1580
SPX 34 MA, 2746
So I thought the Weekly 20MA's or Daily 100MA's would be the upper targets..
Guess we see what happens next..
Lots of bullishness around now...
Just about time for a el dropo::) "
Advance-Decline related data sets
charted and analyzed by Dave Breslaw,
site owner of technicalwatch.com
Dave has an excellent subscription service
to be mentored in the use of these internal
tools ... he has two levels of subscription
and cost
charts as of the Friday January 25, 2019 close -
http://www.technicalwatch.com/cum19/cum012519.htm
Dave Landry on:
rules of the road for being a trader
https://www.davelandry.com/simple-steps-to-overcome-trading-temptations/
Walter Murphy
@waltergmurphy
2 hours ago
The weekly Coppock Curve now has a bullish bias
for 9 of the 11 S&P sectors.
The exceptions are Utilities and Staples.
1 hour ago
It's global.
The weekly Coppock Curve has a bullish bias
for 36 of the 37 non-US equity markets
that I follow.
The exception is Brazil.
14 minutes ago
The NYSE all-issues weekly cumulative Advance-Decline line
has been higher for six straight weeks.
That has happened only two other times in the past six years.
==============
the NYSE all-issues Advance-Decline breadth line is displayed
as the lowest chart element in this daily chart
for the $NYAD -
http://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=0&mn=8&dy=13&id=p1851879573c&a=624707621
the majority of S&P 500 sectors now reside very near
their 100-day simple moving average --
* SPY rests above the 100 day sma for two days
above the 100 dsma
XLF
XLV
XLY
XLI
XLU
below the 100 dsma
XLK
XLP
XLE
XLB
daily charts with the focus on the 100-day simple moving average plus the PMO analysis for each symbol -
* the 126,2 daily Bollinger Band is the selected setting
for a long-term analytical context
http://stockcharts.com/h-sc/ui?s=XLK&p=D&yr=0&mn=10&dy=0&id=p5129377307c&a=552043929
http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=10&dy=0&id=p5017360177c&a=552043925
http://stockcharts.com/h-sc/ui?s=XLV&p=D&yr=0&mn=10&dy=0&id=p3536923173c&a=552043926
http://stockcharts.com/h-sc/ui?s=XLY&p=D&yr=0&mn=10&dy=0&id=p0069061724c&a=552043922
http://stockcharts.com/h-sc/ui?s=XLI&p=D&yr=0&mn=10&dy=0&id=p3901417840c&a=552043927
http://stockcharts.com/h-sc/ui?s=XLP&p=D&yr=0&mn=10&dy=0&id=p9852599196c&a=552043923
http://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=0&mn=10&dy=0&id=p7950866438c&a=552043924
http://stockcharts.com/h-sc/ui?s=XLB&p=D&yr=0&mn=10&dy=0&id=p3594318861c&a=552043928
http://stockcharts.com/h-sc/ui?s=XLU&p=D&yr=0&mn=10&dy=0&id=p7029432950c&a=552043930
the majority of S&P 500 sectors now reside very near
their 100-day simple moving average --
* SPY rests above the 100 day sma for two days
above the 100 dsma
XLF
XLV
XLY
XLI
XLU
below the 100 dsma
XLK
XLP
XLE
XLB
Sam Stovall presenting & others --
Putting It Into Perspective:
CFRA's 2019 Outlook and Sector Recommendations
Are we at the beginning of a bear market:
Hear from CFRA's investment strategists on the
2019 outlook,
earnings estimates,
valuation
and the sectors to focus on.
January 29, 2019 | 06 mins 16 secs
https://www.assettv.com/player/default-player/204719
Larry Tomlinson
February 1, 2019
the Fibo 2.618 target was achieved Thursday.
The 4.25 extension at 2747 is next.
Daily resistance 2713/2721 support 2695/2688.
A minor wave four supports at 2690 to 2678 is solid.
MAX targets at 2900 to 3000 for this wave.
$NYA weekly -
the Friday February 1, 2019 price close
for the weekly $NYA price action chart
closed above its 2-year simple moving average
( 104 weeks ) ... for the first time since
the late December 2018 multi-week price low
for $NYA
http://stockcharts.com/h-sc/ui?s=%24NYA&p=W&yr=9&mn=0&dy=0&id=p6997297009c&a=394435875
many other major US indices now reside near
their 100-day simple moving average
the bullish case depends on the index price actions permanently
holding back above these chart milestone markers, to confirm
an advance with probable staying power is underway
- Steve
60-minute /ES S&P 500 futures Globex chart since
January 15, 2019 by eminiwizard posted on Twitter Thursday, shortly before price advanced above the $2700 level by
the /ES -
this price action shown below is Static
60-minute version which is Dynamic, and updates
whenever you refresh your browser
===============
/ES 2712.25 / 2690.00 levels must eventually be surpassed on
a lasting basis, OR the bears continue to rule
the day for many months or years to come ...
/ES 2548 region is the next major lower level
of some significance which must be held during future declines
in order to gain upside traction having highly probable
staying power on a very long-term basis
pullback lows by /ES S&P 500 futures of interest since June 2018:
2316.75 - late December low
2401.00 - Sunday December 23rd low near the globex open
2409.25 - December 21 very late day
2441.50 - mid day
2476.25 - December 20 morning globex session
2489.50 - December 19 day session
2531.00 - December 18 late day
2533.xx - December 17 late day
* the sharp decline lower started
after October 5 and continued into October 26, 2018, followed by
a brief pause
2712.25 - in week ended October 12
2873.25 - October 5 late day
2887.75 - October 4 mid-day
2865.00 - September 7 a.m.
2877.50 - September 5
2885.50 - September 4
2891.75 - August 31
2876.75 - low in week ended August 31
2850.00
2831.00's
2803.00
2791 August low
2790 late July low
2788 to 2767 = the often tested horizontal support zone in June to July 2018
selected key charts for evaluating
the US equity market as a whole -
SPY daily with selected internals
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=5&mn=6&dy=0&id=p3758866087c&a=581689599
$SPX daily with two S&P 500 internals
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=4&mn=0&dy=0&id=p7914341793c&a=422054357
daily S&P 500 internal with the SPY price action plot vs.
the 21,3 Bollinger Band
http://stockcharts.com/h-sc/ui?s=%21NEWHISPX&p=D&yr=2&mn=0&dy=0&id=p1367909886c&a=382915190
S&P 1500 daily
http://stockcharts.com/h-sc/ui?s=%24SPSUPX&p=D&yr=2&mn=4&dy=0&id=p8278556979c&a=524593808
daily S&P 1500 Composite index
and one internal for this index
and the 1500 with several different Bollinger Band
settings displayed
http://stockcharts.com/h-sc/ui?s=%24SUPADP&p=D&st=2014-07-01&id=p9018513511c&a=625302380
SPY daily with the 200,2 Bollinger Band
and with Carl Swenlin's PMO indicator
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=4&dy=0&id=p3501807804c&a=588696944
SPY daily with two versions of one internal for the S&P 500
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=5&mn=6&dy=0id=p3580505100c&a=581689599
$SPXEW daily Point & Figure chart, for the
S&P 500 Equally Weighted index
http://stockcharts.com/freecharts/pnf.php?c=%24SPXEW,PFTADDNRNO[PA][D][F1!3!!!2!20]&dt=201902010201
$SPXEW daily chart
http://stockcharts.com/h-sc/ui?s=%24SPXEW&p=D&yr=0&mn=7&dy=0&id=p87689352907&a=624740202
$SPX daily chart with XLK, XLF and XLY
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2016-06-30&id=p6208542183c&a=627033842
SPY weekly chart
http://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=1&mn=11&dy=20&id=p2584872579c&a=625675189
$BKX - Banking index - weekly closes chart with
$SPX, $NYA and BAC
http://stockcharts.com/h-sc/ui?s=%24BKX&p=W&yr=2&mn=8&dy=0&id=p3041536295c&a=624176835
$SPX daily with internals for four indices, a cumulative
data set for the internals
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=3&mn=8&dy=0&id=p9727396257c&a=588693282
S&P 500 Advance-Decline line, with the daily values in histogram format
http://stockcharts.com/h-sc/ui?s=%21ADLINESPX&p=D&st=2018-05-01&id=p6125333052c&a=607135436
http://stockcharts.com/h-sc/ui?s=%21ADLINESPX&p=D&yr=1&mn=9&dy=0&id=p8850836555c&a=357464422
$OEX daily price action with
the S&P 100 Advance-Decline line
http://stockcharts.com/h-sc/ui?s=%24OEX&p=D&yr=0&mn=10&dy=20&id=p22002749421&a=589367470
Nasdaq 100 Advance-Decline line, with the daily values in histogram format
http://stockcharts.com/h-sc/ui?s=%21ADLINENDX&p=D&st=2018-05-01&id=p78839151810&a=607135438
Dow Jones Industrials Advance-Decline line, with the daily values in histogram format
http://stockcharts.com/h-sc/ui?s=%21ADLINEDOW&p=D&st=2018-05-01&id=p93734795529&a=607135439
NYSE Composite index common-stocks-only data set Advance-Decline line,
with the daily values
in histogram format
http://stockcharts.com/h-sc/ui?s=%21ADLINENYC&p=D&st=2018-05-01&id=p15253297673&a=607135437
Nasdaq Composite index daily price action and
the Advance-Decline line
http://stockcharts.com/h-sc/ui?s=%24COMPQ&p=D&yr=0&mn=10&dy=20&id=p07044983061&a=589367467
$NYA daily, $NYA daily with $TRAN & other indices, &
$NYA weekly, with revised chart settings as of January 31, 2019 -
http://stockcharts.com/h-sc/ui?s=%24NYA&p=D&yr=2&mn=11&dy=0&id=p0568389960c&a=206235190
http://stockcharts.com/h-sc/ui?s=%24NYA&p=D&st=2016-08-01&id=p4928170551c&a=260296468
http://stockcharts.com/h-sc/ui?s=%24NYA&p=W&yr=9&mn=0&dy=0&id=p4353110424c&a=394435875
===========================
/ES 2712.25 / 2690.00 levels must eventually be surpassed on
a lasting basis, OR the bears continue to rule
the day for many months or years to come ...
/ES 2548 region is the next major lower level
of some significance which must be held during future declines
in order to gain upside traction having highly probable
staying power on a very long-term basis
pullback lows by /ES S&P 500 futures of interest since June 2018:
2316.75 - late December low
2401.00 - Sunday December 23rd low near the globex open
2409.25 - December 21 very late day
2441.50 - mid day
2476.25 - December 20 morning globex session
2489.50 - December 19 day session
2531.00 - December 18 late day
2533.xx - December 17 late day
* the sharp decline lower started
after October 5 and continued into October 26, 2018, followed by
a brief pause
2712.25 - in week ended October 12
2873.25 - October 5 late day
2887.75 - October 4 mid-day
2865.00 - September 7 a.m.
2877.50 - September 5
2885.50 - September 4
2891.75 - August 31
2876.75 - low in week ended August 31
2850.00
2831.00's
2803.00
2791 August low
2790 late July low
2788 to 2767 = the often tested horizontal support zone in June to July 2018
Gokhan Kisacikoglu
@qckisa
31 minutes ago
Higher valuations need more time to sustain.
Fed is on hold and S&P 500 Index is back to
its 200 day moving average now instead of December.
The index may get pinned in February
and
test the lows slowly into March and April,
if Fed pauses QT entirely,
or
else down she goes.
$NYA daily, $NYA daily with $TRAN & other indices, &
$NYA weekly, with revised chart settings as of January 2, 2019 -
http://schrts.co/RfCF6Q
http://schrts.co/kuj2NV
http://schrts.co/WbSe6c
===========================
/ES 2712.25 / 2690.00 levels must eventually be surpassed on
a lasting basis, OR the bears continue to rule
the day for many months or years to come ...
/ES 2548 region is the next level below, which
the bulls must permanently surpass with future price
bounces to gain upside traction having probable
staying power
pullback lows by /ES S&P 500 futures of interest since June 2018:
2316.75 - late December low
2401.00 - Sunday December 23rd low near the globex open
2409.25 - December 21 very late day
2441.50 - mid day
2476.25 - December 20 morning globex session
2489.50 - December 19 day session
2531.00 - December 18 late day
2533.xx - December 17 late day
* the sharp decline lower started
after October 5 and continued into October 26, 2018, followed by
a brief pause
2712.25 - in week ended October 12
2873.25 - October 5 late day
2887.75 - October 4 mid-day
2865.00 - September 7 a.m.
2877.50 - September 5
2885.50 - September 4
2891.75 - August 31
2876.75 - low in week ended August 31
2850.00
2831.00's
2803.00
2791 August low
2790 late July low
2788 to 2767 = the often tested horizontal support zone in June to July 2018
/ES futures chart - weekly
Larry Tomlinson
@mrktlarry
5 hours ago
1/02 update -- daily support 2499/2492 resistance 2515/2521.
The 2520 level has been a solid wall to advancing so daily supports are now critical.
The 2346 level has to hold or the market drops below 1810 with 1600 easily achieved.
New month and Quarter table --
4th Quarter saw the high and low of 2018.
January has above 2600 bullish and below 2460 bearish.
Year and qtr have above 2680 bullish below 2470 bearish,
so January trading is critical.
===========
Larry Tomlinson
@mrktlarry
31 Dec 2018
12/31 update --
Friday approached 2520 and sold off,
today we may see another try at 2520 to 2531 resistance.
Weekly resistance 2539/2581
support 2432/2391,
Daily resistance 2500/2512 support 2471/2460.
=========================
Sunday December 29th --
$SPX 2534 = the daily 200,2 lower Bollinger Band value, at this moment --
potential future resistance above this week's bounce highs
2529 = the 600-day simple moving average -- potential resistance for future bounces
$SPX daily closes chart link, with internals for
4 indices -
http://schrts.co/1uTJBf
===============
2520 is Larry's major bull/bear horizontal line above the current
price action as of December 28, 2018 --
Larry Tomlinson
@mrktlarry
4 hours ago
12/28 update, short term if $SPX 2531 is traded above
that is a good indication we have a low and party on in 2019.
IF 2520 is NOT traded above AND 2250 is achieved
THEN we take out the 1810 low of 2016 and quickly and continue the bear market.
Larry Tomlinson
@mrktlarry
Dec 27
12/27 update, due to extreme volatility
projections are useless until it calms down.
Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.
Dec 24
12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.
Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.
===================
Ralph Acampora CMT
@Ralph_Acampora
2 hours ago -- December 28, 2018
"Vacuum Rally", Part II: The current oversold rally now has the
potential to carry unfettered back to its overhead supply
in the Down 24,200/25,000 area
- thus, filling in the 'space or vacuum'
and taking the overall market out of its near-term
oversold condition.
"Vacuum Rally", Part I: On Dec. 17th the Dow accelerated
to the downside in a virtual free-fall
that took it to an intraday low of 21,712.53 on Dec. 26th.
In the process it left a 'vacuum or space' below overhead resistance now in the 24,200/25,000 area.
Ralph Acampora CMT
@Ralph_Acampora
Dec 27
Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.
===============
$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -
* $SPX potential resistance must be overcome on a permanent basis OR a future decline will take place again:
at the 600-day sma and
at the 15-day sma
* bears remain in firm control in the intermediate-term,
while --
the S&P 500 index
net Advance-Decline breadth line
and
the net Advance-Decline volume line
remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2016-06-30&id=p5902047510c&a=627033842
$SPX - marker values for 2 important S&P 500 internals --
59 - # of the 500 stocks above their 50-day simple moving avg
109 - # of the 500 stocks above their 200-day simple moving avg
( as of December 31, 2018 )
http://schrts.co/AxUq8o
$SPX 2506.85 = the December 31, 2018 price close for the year
VS.
none of the analysts were even close in their price estimates for the Monday December 31, 2018 close -
$SPX daily closes chart, that updates real-time in the future -
http://schrts.co/ZnMtNG
* 401k holders who did not attempt Market Timing on their own
OR with professional help
were hurt by the rosy scenarios painted
by the supposed experts on the future
** see the Societe Generale warning in late November shown
below this first table
November 21, 2018 --
Investors are showing signs of a “complacency bubble” that poses a risk for U.S. stocks, according to Albert Edwards,
a global strategist at Societe Generale SA.
In a report last week, Edwards cited figures from a consumer survey by the University of Michigan
on the probability of higher share prices during the next year.
Readings for the past four months were among the highest since the data were first collected in 2002.
Larry Tomlinson
@mrktlarry
31 Dec 2018
12/31 update --
Friday approached 2520 and sold off,
today we may see another try at 2520 to 2531 resistance.
Weekly resistance 2539/2581
support 2432/2391,
Daily resistance 2500/2512 support 2471/2460.
=========================
Sunday December 29th --
$SPX 2534 = the daily 200,2 lower Bollinger Band value, at this moment --
potential future resistance above this week's bounce highs
2529 = the 600-day simple moving average -- potential resistance for future bounces
$SPX daily closes chart link, with internals for
4 indices -
http://schrts.co/1uTJBf
===============
2520 is Larry's major bull/bear horizontal line above the current
price action as of December 28, 2018 --
Larry Tomlinson
@mrktlarry
4 hours ago
12/28 update, short term if $SPX 2531 is traded above
that is a good indication we have a low and party on in 2019.
IF 2520 is NOT traded above AND 2250 is achieved
THEN we take out the 1810 low of 2016 and quickly and continue the bear market.
Larry Tomlinson
@mrktlarry
Dec 27
12/27 update, due to extreme volatility
projections are useless until it calms down.
Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.
Dec 24
12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.
Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.
===================
Ralph Acampora CMT
@Ralph_Acampora
2 hours ago -- December 28, 2018
"Vacuum Rally", Part II: The current oversold rally now has the
potential to carry unfettered back to its overhead supply
in the Down 24,200/25,000 area
- thus, filling in the 'space or vacuum'
and taking the overall market out of its near-term
oversold condition.
"Vacuum Rally", Part I: On Dec. 17th the Dow accelerated
to the downside in a virtual free-fall
that took it to an intraday low of 21,712.53 on Dec. 26th.
In the process it left a 'vacuum or space' below overhead resistance now in the 24,200/25,000 area.
Ralph Acampora CMT
@Ralph_Acampora
Dec 27
Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.
===============
$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -
* $SPX potential resistance must be overcome on a permanent basis OR a future decline will take place again:
at the 600-day sma and
at the 15-day sma
* bears remain in firm control in the intermediate-term,
while --
the S&P 500 index
net Advance-Decline breadth line
and
the net Advance-Decline volume line
remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2016-06-30&id=p5902047510c&a=627033842
$SPX daily with 63,2 Bollinger Band & with two S&P 500 internals -
* bears remain in lasting control
while the $SPX price action resides
below the daily 63,2 lower
Bollinger Band
... time will tell if bounces above are permanent
* $SPX price action remains below its
600-day simple moving average
2456 = 63,2 lower BB value at this moment
http://schrts.co/5SogUo
$SPX 2534 = the daily 200,2 lower Bollinger Band value, at this moment --
potential future resistance above this week's bounce highs
2529 = the 600-day simple moving average -- potential resistance for future bounces
$SPX daily closes chart link, with internals for
4 indices -
http://schrts.co/1uTJBf
===============
2520 is Larry's major bull/bear horizontal line above the current
price action as of December 28, 2018 --
Larry Tomlinson
@mrktlarry
4 hours ago
12/28 update, short term if $SPX 2531 is traded above
that is a good indication we have a low and party on in 2019.
IF 2520 is NOT traded above AND 2250 is achieved
THEN we take out the 1810 low of 2016 and quickly and continue the bear market.
Larry Tomlinson
@mrktlarry
Dec 27
12/27 update, due to extreme volatility
projections are useless until it calms down.
Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.
Dec 24
12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.
Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.
===================
Ralph Acampora CMT
@Ralph_Acampora
2 hours ago -- December 28, 2018
"Vacuum Rally", Part II: The current oversold rally now has the
potential to carry unfettered back to its overhead supply
in the Down 24,200/25,000 area
- thus, filling in the 'space or vacuum'
and taking the overall market out of its near-term
oversold condition.
"Vacuum Rally", Part I: On Dec. 17th the Dow accelerated
to the downside in a virtual free-fall
that took it to an intraday low of 21,712.53 on Dec. 26th.
In the process it left a 'vacuum or space' below overhead resistance now in the 24,200/25,000 area.
Ralph Acampora CMT
@Ralph_Acampora
Dec 27
Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.
===============
$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -
* $SPX potential resistance must be overcome on a permanent basis OR a future decline will take place again:
at the 600-day sma and
at the 15-day sma
* bears remain in firm control intermediate-term,
while --
the S&P 500 index
net Advance-Decline breadth line
and
the net Advance-Decline volume line
remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average
chart Link for paid SC members, since the chart Permalinks are no longer able to be viewed as chart pictures at Investors Hub ...
hopefully
this condition at IHub is temporary, or has the partnership
with Stockcharts.com changed in the last two weeks?
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2016-06-30&id=p5902047510c&a=627033842
SentimenTrader
@sentimentrader
18 hours ago
There have been 8,662 trading days since August 1984
(the furthest back we have intraday data).
Of all those days, there has been only 1 day when the S&P 500 was down
more than 2% at 2:30 and reversed enough to close
up by more than 0.5%
That was October 28, 2008.
==============
Bespoke
@bespokeinvest
18 hours ago
Today, December 27th, was the 7th straight day that
not a single stock in the S&P 500 hit a 52-week high.
Haven't seen a streak that long since June 2009.
==============
S&P 500 number of new 52-week highs Permalink, daily chart -
http://stockcharts.com/h-sc/ui?s=%21NEWHISPX&p=D&st=2014-07-01&id=p9268343266c&a=382915190
==============
Walter Deemer
@WalterDeemer
23 hours ago, December 27
NYSE has been above the 90% downside volume threshold
at times today (88% now).
Since 1960, the only 90% up days immediately followed by a 90% down day day:
Oct 21/22 1987
Aug 27/30 2010 over a weekend
and
Aug. 9/10 2011
Both also part of traumatic s-t bottoming process.
The SPX retraced 77% of its advance during the next 2-4 days.
Works out to 2375.
Larry Tomlinson
@mrktlarry
4 hours ago
12/28 update, short term if $SPX 2531 is traded above
that is a good indication we have a low and party on in 2019.
IF 2520 is NOT traded above AND 2250 is achieved
THEN we take out the 1810 low of 2016 and quickly and continue the bear market.
Larry Tomlinson
@mrktlarry
Dec 27
12/27 update, due to extreme volatility
projections are useless until it calms down.
Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.
Dec 24
12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.
Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.
===================
Ralph Acampora CMT
@Ralph_Acampora
2 hours ago -- December 28, 2018
"Vacuum Rally", Part II: The current oversold rally now has the
potential to carry unfettered back to its overhead supply
in the Down 24,200/25,000 area
- thus, filling in the 'space or vacuum'
and taking the overall market out of its near-term
oversold condition.
"Vacuum Rally", Part I: On Dec. 17th the Dow accelerated
to the downside in a virtual free-fall
that took it to an intraday low of 21,712.53 on Dec. 26th.
In the process it left a 'vacuum or space' below overhead resistance now in the 24,200/25,000 area.
Ralph Acampora CMT
@Ralph_Acampora
Dec 27
Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.
===============
$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -
* $SPX potential resistance must be overcome on a permanent basis OR a future decline will take place again:
at the 600-day sma and
at the 15-day sma
* bears remain in firm control intermediate-term,
while --
the S&P 500 index net Advance-Decline breadth line
and
the net Advance-Decline volume line
remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average
chart Link for paid SC members, since the chart Permalinks are no longer able to be viewed at Investors Hub ... hopefully
this condtion at IHub is temporary, or has the partnership
with Stockcharts.com changed in the last two weeks?
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2016-06-30&id=p5902047510c&a=627033842
/ES above the 2470 to 2488 zone is needed on
a permanent basis to argue for a probable
lasting upside
2548 next marker
verniman
@verniman
6 minutes ago
#ES_F afternoon session trading recap.
====================
/ES 2712.25 / 2690.00 levels must eventually be surpassed on
a lasting basis, OR the bears continue to rule
the day for many months or years to come ...
/ES 2548 region is the next level below, which
the bulls must permanently surpass with future price
bounces to gain upside traction having probable
staying power
/ES S&P 500 futures must achieve a lasting hold above
2470 for improved probability of a price advance
with staying power ... with 2488 level next potential
inflection marker for further lasting upside
( March 2019 /ES contract pricing )
SPY weekly -
* the $OEX to $SPX ratio has improved by a large amount
off this week's ratio lows, meaning the 100 largest
capitalization size stocks that comprise the $OEX
are no longer extremely under performing the 500 stocks included
in the $SPX index ... it is prudent to monitor this ratio
vs. its location within or outside the ratio's Bollinger Band
because of the heavy percentage weighting the $OEX symbol set
has upon the price value of the $SPX index
Liz Ann Sonders
@LizAnnSonders
6 minutes ago
Yesterday’s surge of 4.96% in S&P was one of 20 best days in post-WWII period; unfortunately, vast majority occurred in bear markets with average loss over ensuing year of >15%
===============
$SPX daily with 63,2 Bollinger Band & with two S&P 500 internals -
* bears remain in firm control while the $SPX
price action resides below the daily 63,2 lower
Bollinger Band
Larry Tomlinson
@mrktlarry
3 hours ago
12/27 update, due to extreme volatility
projections are useless until it calms down.
Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.
Dec 24
12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.
Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.
Ralph Acampora CMT
@Ralph_Acampora
41 minutes ago
Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.
==========
$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -
* bears remain in firm control while the S&P 500 index
net Advance-Decline breadth line and the net Advance-Decline
volume line both remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average
Bespoke
@bespokeinvest
2 hours ago
The S&P 500 enters trading tomorrow down 19.78%
from its closing high.
We looked at this a few months back.
There have actually been 5 prior corrections that saw declines
of more than 19% but never hit the -20% threshold
for an "official" bear market.
1 hour ago
The US stock market is currently on track for its 3rd worst month
and 5th worst quarter in the post-WW2 period.
Here's the list:
=================
verniman
@verniman
2 hours ago
/ES Danger.
Do or Die Zone.
/ES S&P 500 futures, March 2019 contract pricing --
SPY 60-minute with 50,2 Bollinger Band + 5 other index symbols -
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THE ITEMS BELOW ARE CAREFULLY SELECTED & DATED TO PROVIDE CLUES WHEN OVERALL SENTIMENT IS SHIFTING DIRECTION
April 25, 2011 Bloomberg article: Federal Reserve officials are staking their inflation-fighting credibility on an untested tool: the power to pay interest on bank reserves."Fed Officials Count on Untested Tool to Hold Off Inflation http://bloom.bg/hudK7I
April 26, 2011 article by Bloomberg: S&P 500 Rises Above Highest Closing Level Since 2008 on Earnings http://bloom.bg/fw0RwL
April 27, 2011, 12:35 pm - the Fed acknowledges an increase in inflation but still thinks it is transitory. FOMC statement http://bit.ly/iel00W
April 27, 2011 1:50 pm - Parsing the Fed: How the Statement Changed http://on.wsj.com/jrRCx8
April 27, 2011 1:50 pm - FOMC will complete purchases of $600B of longer-term Treasury securities by the end of current quarter http://1.usa.gov/m1aoAV
April 27, 2011 - FOMC members see a great deal of uncertainty going forward - Mid East, Africa, emrg mkts, comm prices, European situation.
April 27, 2:30 pm - Fed Chairman Bernanke recently began his press conference. He has outlined revisions to the GDP forecast, which now suggests that the economy will grow between 3.1% and 3.3% in 2011 after it had previously been forecasted to grow between 3.4% and 3.9%. For 2012, GDP is now expected to grow between 3.5% and 4.2% after it had been forecasted to grow between 3.5% and 4.4%. For 2013, GDP is expected to grow between 3.5% and 4.3% after it had been forecasted to grow between 3.5% and 4.6%. Long-run growth is now expected to range from 2.5% to 2.8%, versus the range of 2.4% to 3.0% that had been issued previously. While GDP growth is expected to moderate, the Fed now expects that unemployment in 2011 will be between 8.4% and 8.7%, which is down from the range of 8.8% to 9.0% that had been previously estimated.
April 27 - Bernanke press conference ends. See the full recap here: http://on.wsj.com/itoIzU
April 27 - archived video of Bernanke press conference http://ht.ly/4IqjF
April 27- Ben Bernanke goes on record to warn the US deficit is not sustainable http://gu.com/p/2zyk9/tf
April 27 - St. Louis Fed - FOMC is prepared to adjust its securities holdings as needed in light of incoming information http://1.usa.gov/m1aoAV
April 27 - Cleveland Fed - Is a sustainable consumer recovery finally here? http://ow.ly/4IooY
April 27 - Cleveland Fed - NEW Economic Trends article: The Federal Reserve's Influence over Excess Reserves http://ow.ly/4JWKT
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