Category: Stock Index Trading
The analysis published under this category are as follows.Monday, June 22, 2009
The Battle Rages On Between Stock Market Bulls and Bears / Stock-Markets / Stock Index Trading
And doing it's very best to make sure neither camp gets a whole lot of satisfaction. The market is continuing to dance the dance between the 50 day exponential moving average on the bottom and the 200 day exponential moving average at the top. It does appear at times that we'll have a clear cut winner. It looked for a long time as if the bulls were going to have an easy time of getting above those 200's on the S&P 500 and Dow because price was right there for the taking and because the Nasdaq had already made the move thus let's get the whole party to the table. It just didn't happen. A breach above but when it got there, the market was extremely overbought and the Macd wasn't printing a good divergence.
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Sunday, June 21, 2009
Stock Market Fundamental and Technical Indicators Convergence / Stock-Markets / Stock Index Trading
It is interesting to see how close the institutional S&P 500 forecasts for 2009 come to the price level possibilities suggested by the S&P 500 chart. Maybe fundamentals and technicals are converging on an idea, or maybe the institutions use technical indicators more than one might expect.
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Friday, June 19, 2009
Stock Market Downtrend Targeting Key Support S&P500 at 850 / Stock-Markets / Stock Index Trading
The CPBE Options Equity Put/Call Ratio Index is shown below, with the S&P 500 Index shown in the background in black and accompanying stochastics shown below. For this chart the %K above the %D for a given stochastic is an indication of general weakness in the broad stock market indices, while falling beneath the %D is an indication of general strength. At present, the %K is above the %D, indicating market weakness and was running at a divergence to the S&P 500 Index that was grinding higher.
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Thursday, June 18, 2009
S&P 500 Index Consolidating / Stock-Markets / Stock Index Trading
From an intraday perspective the S&P 500 emini futures contract appears to be consolidating or triangulating around the 912 level, ahead of one more pop that projects to 920-922 prior to a resumption of the dominant near-term downtrend. Such is my preferred scenario for the recovery bounce off of yesterday’s low at 899.25 – levels that ETF traders of the SPY and SDS may want to keep an eye on.
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Wednesday, June 17, 2009
Stock Market S&P 500 Correction or a Major Turning Point? / Stock-Markets / Stock Index Trading
With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?
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Monday, June 15, 2009
Stock Index Intra-day Trading 4-days in June and a Personal Story of Tribute / Stock-Markets / Stock Index Trading
We have dedicated this article to that extremely rare breed of fearless modern-day swashbuckling warriors also known as day traders. It also includes a rather personal tributary story about one such warrior who is no longer with us.
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Sunday, June 14, 2009
Stock Market Range Bound, Waiting for Something to Happen / Stock-Markets / Stock Index Trading
I imagine it could but it would have to be a very unique situation to be more boring than this market is right here. I mean, it's not as if we're trading in a large range. The S&P 500 range is 923-950. Neither one wants to break. The daily charts are technically set up to fall with the highly compressed MACD's and the nasty divergences across the board. There is no theoretical timetable for when a market should fall based on these conditions, but the set up is there. What we're seeing, unfortunately, is a market that is teasing both sides near term. We get gap after gap and each one is met with real hope by whomever is fortunate to have it working in their favor.
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Thursday, June 11, 2009
Stocks Unconvincing Up Session / Stock-Markets / Stock Index Trading
The indices had a volatile session in that they were up in the morning, down mid-day, rallied back to new highs, and then rolled over in the last couple hours and gave back a chunk of the gains, but still ended up ahead on the day.Read full article... Read full article...
Wednesday, June 10, 2009
Stock Market Afternoon Snapback Rally Pares Losses / Stock-Markets / Stock Index Trading
The markets had a very similar day to Monday in that there was a sharp sell-off in the morning, a bounce mid-day morning and then a move to afternoon lows which pressed weekly support on the SPX. But once again in the afternoon they came back solidly with a move from 1473 to 1495 on the NDX and from 928 to 939 on the SPX, closing near the afternoon rally highs going away and paring way back on the day's losses. However, they did end the session on the downside.
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Wednesday, June 10, 2009
SDS UltraShort SPY Testing Resistance / Stock-Markets / Stock Index Trading
The hourly pattern carved out by the ProShares UltraShort SPY (NYSE: SDS) since the beginning of June shows that all the action appears to be developing into a sideways contractionary price range. At this point, a decline that breaks 51.80/50 should trigger downside acceleration to new low territory, while a climb above 55.05/40 should trigger upside continuation towards 57.50-58.00 thereafter. For the time being, after holding 51.79, the SDS likely is only mid-way through with its upward traverse of the recent range, as it heads for a test of 55.00 next.
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Wednesday, June 10, 2009
Stock Market Investors Don't be Fooled by NYSE Advancing and Declining Issues / Stock-Markets / Stock Index Trading
Don't be fooled by the number of Advancing and Declining issues every day.
Some investors look at the percentage of issues Advancing and Declining and try to have an opinion about the market's direction. That stops short of getting the full story ... here's why:
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Tuesday, June 09, 2009
Stock Market Rally Reaches Stalling Point? / Stock-Markets / Stock Index Trading
It is courtesy day ... a day where we share one of our charts from the paid subscriber site.
Today's chart is a ten year chart of the New York Stock Exchange Index (NYA) with our C-RSI indicator. (For reference and an explanation of what the C-RSI (zero based Relative Strength) is, please see this link: C-RSI explained.)
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Monday, June 08, 2009
Volatile Stock Market Session Closes Flat / Stock-Markets / Stock Index Trading
The indices had a very interesting and volatile session, but closed near the zero line and narrowly mixed.Read full article... Read full article...
Sunday, June 07, 2009
Stock Market S&P500 Index At a Critical Juncture / Stock-Markets / Stock Index Trading
MarketTimingCycles write: For almost everything in nature you will find Fibonacci relationships. Also in the stock market which is governed by natural cycles we can find (double) Fibonacci relationships between significant highs (highest high/close) and lows(lowest low/close).
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Sunday, June 07, 2009
The S&P 500 Stock Market Index Trend Momentum Conundrum / Stock-Markets / Stock Index Trading
A conundrum wrapped in an enigma… that’s the S&P 500 index.
I was just looking at the S&P 500 index as we come to a close for the week of June 6th. While the market appears to be higher for week, it also appears that we’re losing momentum on the upside.
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Saturday, June 06, 2009
Stock Market Hesitation at Resistance / Stock-Markets / Stock Index Trading
So is the market done here? We gapped over the 200 day exponential moving average on the S&P 500 at 943. Last night I talked about how I felt we would likely gap up and over that level today based on how we closed yesterday. It didn't matter it almost seemed like what the news was going to be from the jobs report. The news was bad. 9.4% unemployment versus 9.2% expected. The market somehow didn't care and flew higher on the report. Slow erosion began just before the market opened but we still gapped up nicely.
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Friday, June 05, 2009
Period of Recovery for the Stock Market UltraShort SPY (SDS) / Stock-Markets / Stock Index Trading
The one salient feature of the enclosed hourly chart of the ProShares UltraShort SPY (NYSE: SDS) is the series of lower highs and lower lows, which represents a powerful downtrend. However, after this morning’s new low at 51.47 and upside reversal to a high of 54.17, I have to consider that “something” ended on the downside and that a period of recovery rally already has started.
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Monday, June 01, 2009
Stock Market Traders Take Note: These 'Risky' Stocks Are Dominating / Stock-Markets / Stock Index Trading
Tom Dyson writes: There's a runaway freight train in the markets. This group of stocks has the strongest uptrend anywhere in the world... and it's still getting stronger.
If there's one group of stocks you need to own right now, it's this group. Let me show you why...
Sunday, May 31, 2009
The Stock Market Correction that has Failed to Materialise / Stock-Markets / Stock Index Trading
The good news is: The NASDAQ composite (OTC) finished at a multi month high last Friday and all of the NASDAQ summation indices (SI's) turned upward.
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Saturday, May 30, 2009
Stock Market Consolidation Continues... Nasdaq Leading / Stock-Markets / Stock Index Trading
There is a lot of anxiety out there. You can feel it. It has an energy. It has a vibration to it. It's the feeling of fear. The feeling that things are about to fall apart. Like we're sitting on the precipice of disaster. Maybe we are. Are we? You want to try and anticipate things if you're a market player. You want to be ahead of the next big move. We've been lucky enough or fortunate enough to be able to do that the past many years. One of the ways that gets done is when you see something technically that goes against the grain of the current trend.
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