Short Term Trading

[jwg]

good morning folks, poor employment numbers will direct this
market today...plus the still high crude oil prices...

NDX E.O.D. y-day : 1353.50

1372/1382 = broad resistance zone

1354/1356 = R

1338/1348 = gap fill area Oct-2003, acts also as support area

1330/1332 = S

1413.50 = ema200 daily
1428.00 = ema26 weekly 'elder rule'
1479.00 = ma200 weekly 'belkin rule' re bear market

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next week Aug-10 + Aug-11 = Bradley turn date

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some charts courtesy 'public charts'

spx / vix ratio also needs to come more down still to
approx 50-area :

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=%24SPX%3A%24VIX%2Cuu%5Bw%2Ca%5D...

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$spx,uu[r,a]whllyyay[df][pc26][...

the target ndx weekly was 1350 for me, that number was/will
reach today :

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]waclyiay[dd][pd20,2!c26!f][vc60][iut!La12,26...

qqq daily , buy + sell indicators :

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=QQQ,uu[p,a]daclyyay[dc][pc200!c...

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=QQQ,uu[h,a]eblannay[d126][p]...


ndx daily :

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$NDX,uu[g,a]daclynay[dc][pd20,2...

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=%24NDX%2Cuu%5Bw%2Ca%5Ddaclyyay%...

NAZ BPI :

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$BPNDX,uu[r,a]dacayyay[dc][pb2!...

qqq/vxn ratio : number now approx 1.29...needs a bit more down
to approx 1.25 / 1.20

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=qqq,uu[w,a]daclynay[dc][pc5!d20...

ndx/vxn ratio should also drift a bit more down, approx 50.0..

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$ndx:$vxn,uu[w,a]dallynay[dc][p...


good trading today.....

jwg