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Warning Signs on the S&P 500 Daily Breadth Chart
2010 Oct 25 Mon 19:45:41 | by
The daily breadth has turned positive bias ever since the long term Tick16 went positive sometime ago at the end of September.
It tells us to avoid weak sell signals and focus on longs.
Worked very well so far.
But instability is seen today as new highs are made in the indices yet the 3-Day Advance Issues is not printing a new high on close – a big warning sign that the uptrend is no longer the dominating force.
Overbought in Pct Tick Indices across ES and NQ
2010 Oct 25 Mon 15:40:14 | by
The best signal for the day!
Lunch hour weaknesses in ES not reflected in NQ
2010 Oct 25 Mon 12:39:01 | by
ES is significantly weaker than NQ in terms of price action. NQ has not broken its OR.
Extreme tick selling not leading to gap fill by noon is not a good sign for the bears.
2010 Oct 25
Extreme Tick Selling in Place
Various customized tick indices are showing extreme tick selling in place. 11 am ET new low too for ES. ...
Various customized tick indices are showing extreme tick selling in place. 11 am ET new low too for ES. ...
2010 Oct 25
All 3 major indices (NDX, SPX, Dow) gap to new high
As USD get trashed across the board, the stock market indices have no choice but up. Large OR on ES and NQ – signs of potential reverse at the target zone of 2x and 3x. ...
As USD get trashed across the board, the stock market indices have no choice but up. Large OR on ES and NQ – signs of potential reverse at the target zone of 2x and 3x. ...
2010 Oct 25
USDJPY in Historical Low Zone
79.90 – 80.40 was the last line of defense for the pair. On my watch list for sure. ...
79.90 – 80.40 was the last line of defense for the pair. On my watch list for sure. ...
2010 Oct 24
USDJPY Week of Oct 25 – 29 Outlook
Recap of past week The retest of month low made in the week before resulted in a bounce. And a subsequent retest held that low and created a potential w. spring formation. Unluckily close of the week failed to close higher. Next week outlook T ...
Recap of past week The retest of month low made in the week before resulted in a bounce. And a subsequent retest held that low and created a potential w. spring formation. Unluckily close of the week failed to close higher. Next week outlook T ...
2010 Oct 24
S&P 500 Week of Oct 25 – 29 Outlook
Recap of last week Tag of 1180 first done on Monday as expect. News shock on Tuesday leads to 100% expansion to the downside based on Monday range. Wednesday news shock again bounced off 50% downside expansion area leading to retest of Monday high. T ...
Recap of last week Tag of 1180 first done on Monday as expect. News shock on Tuesday leads to 100% expansion to the downside based on Monday range. Wednesday news shock again bounced off 50% downside expansion area leading to retest of Monday high. T ...
2010 Oct 23
EURUSD Week of Oct 25 – 29 Outlook
Recap of past week Failure to hold above yellow zone in beginning of the week led to a test of previous month high (left most green line). The week ended with a lower low and closed above mid point. Next week outlook Previous month high acted a ...
Recap of past week Failure to hold above yellow zone in beginning of the week led to a test of previous month high (left most green line). The week ended with a lower low and closed above mid point. Next week outlook Previous month high acted a ...
2010 Oct 18
Hiatus from RTH this week
Got some personal matters to take care of, so I will not have much time to monitor the markets during the day. Will check the charts in after hours. ...
Got some personal matters to take care of, so I will not have much time to monitor the markets during the day. Will check the charts in after hours. ...