S & P 500 chart

Another positive week that S & P not 500 and NASDAQ 100 - I would call it positive on the DJI.

From one side that gives everything looks like a strong up trend, from other side it signs the last up movement to contradict. Like you, on the S and - P-500 can see (^ SPX) chart below, most of the technical indicators (CSR progress decreases, MACD, stochastics, and McClellan oscillator) are bullish. Similar picture could be seen 2000 charts on NASDAQ-100(^NDX) and Russell (^ RUT). The Dow Jones industrials (^ DJI) index has slightly different picture, where most indicators show that are neutral feeling (due to the trend page ways) with tendency to negative.

As you can see the technical analysis is very bullish. So, what would keep me, long way from trading. There are several reasons why I would prefer to stay in cash and wait:

1. Volatility is strong downward. Generally low volatility associated with bullish feeling. Decline in the volatility is still also known as a market squeeze is listed before strong movements. Some technical analysis compare current volatility level (VIX level) to the volatility in April 2010 (before strong correction in May 2010). Go further back in history, can display the VIX at similar levels in the middle of January 2010 (before the correction in the end of January 2010). The next similar low VIX readings could be seen in May 2008.

(2) The last up move was quite strong for this time (financial check S & P 500 index). Taking into account that there is no strong bearish volume surges at the lower end of November correction (don't panic sell were), is powered this up movement of large institutional traders.

3. I don't like the idea of the stimulus package offered by Bernanke. (Read my post "another stimulus package")

These are some of the things that keep me long from trading. I will not last long if I don't believe that big money play long and I play short because I see no short signal to play

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Oil breakout on 60 min chart

USO is slow momentum WINS, and it starts with the 60 minute chart. Below are two different diagrams with both use the 60 minute and I did this on purpose to to show two different outbreaks.

The 45 day graph shows that we have broken from a narrow range of consolidation is very bullish short term. This is confirmed by the RSI and USO to pull back of the RSI on the 40 level can be purchased as long as we can stay on the top line of the box.

I chose to extend the time frame out to show just how this recent breakout is bullish, if you look at the Cup and handle diagram which had formed. It shows also how important that is $38, 40 level in the big picture.  What will probably happen a few days of gains followed by a quiet retracement is again around $38.50. I think if the 2-3 day pullback occurs it will be flat and short.

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Obscenely bullish chart

I try more world markets within my public stock list found here. Find this diagram one, if not the most powerful market out there. It is easy to say that this for a retreat, but who knows, with this market. It will be only up, up, and up to.

If the 20-minute interview entitled "Return of inflation part II listening" listen you have a rather candid response from Gonzalo lira, why you ever invest your money in Argentina sollte.sehr interesting stuff.

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S & P 500 index chart

We had break quite heavily by page through trading on Thursday, November 4, 2010. The last two days of the week were accompanied by very strong bullish volume could be clearly seen on the Dow Jones industrials (^ DJI) and the S & P-500 (^ SPX) indexes.

We had strong bullish volume surges on many indices in the period from October 12 to October 21, 2010.We have not see repentance followed that strong bullish trading (I would call 2% retracement one as a correction or reversal) .Jetzt have we again strong bullish trading...

At present, many technical indicators suggest good chances for more progress. This is mainly because of the advance during the last two trading days.But I think that we should remember that a week ago vorgeschlagen.Ich would the same technical indicators, a way, a correction Relais not strong on technical analysis right now. It looks like other factors (may the dollar inflation fear) move big players in the stock market, while other great players dump stocks.

We had strong movement and through many indicators (volume and advance/decline based) stock exchange could considered heavily overbought. The high trading volume surges in the last three weeks confirmed that - there are many great traders that overbought market and who is too greedy to consider dumping buyer in large quantities.It's hard to say who in this battle gewinnen.Denken remember, that in the last two years there are large corporations, the large earn reported and who not invested fact deserves many in anything but sitting on cash. Now, talk about how much if the Government's official good inflation for the economy and the FED could bring notice another $900 billion to print and to pump one, could these companies will buy. Of course there could be another explanation of the last two days to be should however as technical analysts we do not provide the cause, but see where the money go up move.

Now, if the market is far from the August lows, it would be logical to have strong correction.The question is when.Right now I would see, S and P 500 SBC oscillator (bar period = 20) on the daily chart (1 bar = 1 day).Beginning of September SBC oscillator show positive money fließen.Die money flow is still positive on the Diagramm.Ich would wait when I decline in the Fluss.Ja daily charts are longer-term charts and I have some lag in Signale.Allerdings, if we would face a correction to expect it quite heavily.

Chart # 1: the S and P 500 index daily chart with elements of technical analysis

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Put call ratio chart suggests fear is climbing

Comments(1)

When looking at the put call graph are to use our single policy, where we have in the past and our analysis off of it. The values of.. 80 and 85 readings of fear quite high and the markets find usually a type of short-term bottom.While we still are not fear begins to rise, but we have a little way to go before I'd try a recovery to spielen.Ich personally am not a fan of buying weakness, but I know many who are, and this information about you is aimed.

Two specific shares I am stalking on the long side that had beautiful Pullbacks VMW and CRM.

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Which Chart Is More Bullish?

Comments(6)

First off I want to get to my timing system and say it went bullish today. I excited my remaining shorts (both were down today so that was a good thing) and have the green light to start to look for long entries. The first four stocks that have shown up on my bullish scans tonight are below. All are overbought and any entry should be on a pullback.

AVGO CRUS OVTI SUN

When I look at the charts below it’s very hard to imagine that this market is going to move higher with any type of sustainability, but I have to have faith in my system. Now, how I get into those stocks I mentioned above is when they pullback, and then I’ll start building positions. Should my system whipsaw back into bear mode before I get a chance to buy these stocks then I’ll just refrain from buying any long positions. In the back of my mind that’s what I think will happen, given the market appears to be overbought and my market timing system just barely made it to bull mode.

That’s all I have for now as our middle daughter is graduating from high school tonight and I have to jet now. Hope you all have a great night.

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