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Update January 24th, 2012
Cumulative Volume Index, which is T2104 over at FreeStockCharts.com, moved up today while the $NYA dropped by nearly 15pts. This is positive divergence and a sign of underlying market strength....
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Update January 25th, 2012
We had a nice rally today and while Zweig Breadth Thrust has pushed into extreme overbought territory that’s about it. If you read yesterday’s post you know what I was looking for, but it didn’t...
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Update February 2nd, 2012
Reading this blog is kinda’ like ground hog’s day, then, isn’t it? Daily chart not showing much change from yesterday, so just a 60min SPY chart this evening. Note on the chart how SPY/$SPX lost the...
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Weekend Update February 4th, 2012
The RSI on the 60min charts of SPY/$SPX, IWM, QQQ, DIA, $SOX, & XLF has pushed above 70 and in the case of SPY has pushed up to 76. This indicates heavy buying and/or short covering and is not...
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Update February 7th, 2012
$TRAN is back where it was on January 30th & 31st. In the 60min time frame, the 13EMA crossed down through the 34EMA today, though it’s only by one tick so I think it’s a little early to be calling...
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Update February 13th, 2012
$BPSPX dropped slightly today. If you remember back on about January 18th, I pointed out that $BPSPX had pushed above 75 and that there were some traders who would begin to scale out of long positions...
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Update February 14th, 2012
$BPSPX rose today by 0.40 pts, though it doesn’t change much in the greater scheme of things, IMHO. $NYSI with a second negative tick in the last three sessions as this indicator is slowly rolling...
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Weekend Update February 19th, 2012
I broke my own rule in not waiting for a 13/34 Bearish EMA X in the 60min time frame. I was so certain Wednesday evening, but Thursday’s reversal now places my call in question. Clearly the markets are...
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Brief Weekend Update April 28th, 2012
Stealth Distribution: We now have three instances where the market closed green with the $TRIN closing above 1.xx. Friday’s $TRIN close at 1.58 is disconcerting to me and is a warning that the Big Boys...
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Update November 14th, 2012
This was a capitulation climax selling event. But keep in mind that we had a couple of these in mid-May, and then the market rolled over into the June lows so while capitulation is something you find...
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