Daily S&P 500 INDEX TRACKER

[winner69]

VIX at about 10 means not much volatility expected over next 30 days

Implies market up or down about 3% over that period

Not much but enough to get the S&P over 2,000 - after all trend is up and there no 'fear' in the market place

I reckon next week .....Whoopee

[ananda77]

...some people suggest that the VIX LOW *10.36_20 june 2014, the lowest VIX since 2006/2007, marked THE LOW for the current bull run. Consequently, an increase in volatility is expected.
The ensuing force will entirely depend on the strong *1940 support level. The up-tick will be a graduate process initially
So far as the Option and Cash inflowing liquidity goes -no sign of trouble-

However, there is a negative divergence developing between the NYA and inflowing Cash liquidity

...its a good idea to cover potential downside and a spiking VIX and would remember markets tend to be very bullish up to the 4 july 2014

SPX 500 *2000 will not be easy to crack....assuming now the market on its way to test its *1945 support...

kind regards

[ananda77]

SPX 500 *2000 will not be easy to crack....assuming now the market on its way to test its *1945 support...

kind regards

...so far the SPX 500 moved back into the *1950_1975 resistance zone -almost effortlessly taken out leading up to the 4th July holiday- Today, the index lamely bounced off *1959. Assuming now the least resistance is down to the strong *!940_*1945 support zone with *1950 an interim possible stopping point

kind regards

[Hoop]

A77, hope you're right. Methinks people are crunching the numbers on the recent news, e.g. employment stats, and the likelihood of a correction just jumped big time (until earnings come in and justify the high'ish PERs of course.)

Belg don't you assume Mr Market has anticipated the near future earnings estimates and has factored this in already?

FYI...So far only 2 out of the 4 signals in my Correction Indicator have fired..need all 4

[ananda77]

A77, hope you're right. Methinks people are crunching the numbers on the recent news, e.g. employment stats, and the likelihood of a correction just jumped big time (until earnings come in and justify the high'ish PERs of course.)

Belg don't you assume Mr Market has anticipated the near future earnings estimates and has factored this in already?

FYI...So far only 2 out of the 4 signals in my Correction Indicator have fired..need all 4

Market Comments:

Steve Eisman closed his fund because he felt that investing on fundamentals was no longer a viable investment philosophy today. At the same time, while QE money injections dominate the market, many professionals still belief that "tomorrow" will be the day when growth and profits are correlated with the market's movements once again.
Reality is that QE money and low overall market volume work well together to keep pushing the market up. That will continue until the power to do so is no longer effective and no one knows how long that could take ... it could take up until just after election time this year, or it could end when Institutional Investors say "enough is enough"

kind regards

[ananda77]

Mr Mrkt likes the Feds notes today.

That 4.3 trillion tho, what to do? Methinks, as it is only a few bytes on a few hard drive somewhere they'll just leave it where it is.

...question remains: who is Mr. Market or is it Mrs. Market these days

..as far as option and cash liquidity inflows concerned, the market again pulled back from the brink. However, not knowing the latest stats until tonight, the negative divergence between NYA and inflows still remains. Inflows themselves downtrending

kind regards

[Hoop]

Mrs Market has announced after all these years she will reduce the supply of party pills and stop supplying altogether after October ...just when a Portuguese bank plays party pooper to its creditors
Nice timing Janet..Wall St is going to feel very unloved tomorrow.

[winner69]

Dr Doom says he's expecting a 30% decline (crash) ... I think he's wrong. It'll only be 29%

http://www.cnbc.com/id/101823798?__s...sh,%20just%20d

30% not a crash ..... 50% plus a crash

You reckon 29% .... maybe 31% and Dr Doom will be wrong again

But in Snakk talk 30% is nearly 50% anyway

[Hoop]

Dr Doom says he's expecting a 30% decline (crash) ... I think he's wrong. It'll only be 29%

http://www.cnbc.com/id/101823798?__s...sh,%20just%20d

Market will crash, just don't know catalyst: Marc Faber

Butterfly Effect ??

[ananda77]

...so far the SPX 500 moved back into the *1950_1975 resistance zone -almost effortlessly taken out leading up to the 4th July holiday- Today, the index lamely bounced off *1959. Assuming now the least resistance is down to the strong *!940_*1945 support zone with *1950 an interim possible stopping point

kind regards

...inflowing liquidity levels remained positive but are weakening throughout the last few days. In essence, Mrs. Market still in control.
The extreme danger signs are solely coming from traditional, technical set-ups, which iMHO are more snd more useless.

Nevertheless, its a risky market proposition current and am comfortable with protecting a large part of profit at all times.
However, unless liquidity inflows move out of positive zone, the trading set-up remains unchanged. E.G. overall short_ long cover unchanged with creaming off the top based on trading differences in international indexes

kind regards