Daily S&P 500 INDEX TRACKER

[ananda77]

Thanks: 50


Trader update -data point 22 November 2010-

...airport this morning...

...the SPX 500 pulled back from last weeks failed test of November 11 *1200 High but downticks appear corrective above *1182/*1184 congestion. If the market can build a base *1182/*1184 this week, look for a breakout above *1200 targeting the *1250 level with potential to reach out to the August 2008 High *1313. The Nasdaq appears to have taken back the lead to upside

...on the flipside, failure to hold *1182 will expose risk for additional downticks to affirm the October 27 Low *1172_the Oct 19 Low *1160_*the 50-day MA *1157

... further ahead, a broad consolidation should develop into year-end between *1160/*1227 eventually leading to a bullish breakout above *1227 in Q1 2011

-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-Zeitgeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

Kind Regards

[ananda77]

Trader update -data point 23 November 2010-

...the SPX 500 under the hammer all morning with an intraday Low *1177 above the November 16 Low *1173...and appears to hold, trading curently above *1183/*1183 congestion. If a near term double bottom above *1173 eventuates, look for a *1200 breakout targeting the *1250 level with potential to reach out to the August 2008 High *1313 towards year end

...on the flipside, failure to hold *1173 will expose risk for additional downticks to affirm the October 27 Low *1172_the Oct 19 Low *1160_the 50-day MA *1157

... further ahead, a broad consolidation should develop into year-end between *1160/*1227 eventually leading to a bullish breakout above *1227 in Q1 2011

-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-Zeitgeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

Kind Regards

[ananda77]

...www.stocktiming.com: -data point 23 November 2009-

...Long Term SPX 500 update:

The trend remains up with the S&P significantly above the 1103 level.

Disturbing is the fact that the market is not particularly moving up on GDP growth, or improved unemployment numbers ... but on increasing Liquidity Inflow Levels courtesy of the Fed.

The concern Institutional investors have, is that they do not know when the Fed will pull back on that action. Our thinking is that the answer is tied into when Institutions and others will be selling at a daily amount where the Fed doesn't want to anti-up anymore money beyond that point. Let's face it, the Fed has no interest in providing infinite amounts of money while they are just as concerned about creating an inflation backlash. So, there is an upcoming point where their strategy and resolve will be tested.

Note that the monthly C-RSI reading is concerningly low for a Bull market condition and could pose a problem if it can't get much higher.

Trader Update -data point 23 November 2010-

...next update -data point 24 November 2010

Kind Regards

Money Systems Compared

NEW -Bank Of North Dakota http://www.youtube.com/watch?v=r0rJW...eature=related 22 November 2010
-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-Zeitgeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

[ananda77]

Trader update -data point 23 November 2010-

...as expected, the SPX 500 successfully defended the November 16 Low *1173 and turned broadly higher from a heavily oversold daily time frame. As a result, *1173 should be the base for an imminent*breakout above *1200 targeting the *1250/*1266 level initially

...the 6-month time frame however remains over extended and risks remain in the *1250/*1266 level for a second break to affirm the October 27 Low *1172_the October 19 Low *1160_the 50-day MA as a stronger bottom before year-end

... further ahead, a broad consolidation should develop into year-end between *1160/*1227 eventually leading to a bullish breakout above *1227 in Q1 2011

Kind Regards

NEW -Bank Of North Dakota http://www.youtube.com/watch?v=r0rJW...eature=related 22 November 2010
-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-ZeitGeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

[Phaedrus]

[ob1kinobi]

Hi Phaedrus,

Please excuse my ignorance. What does that mean, being green and all ? The market is strong rising or falling?

I've recently subscribed to this thread to follow US sentiment more closely. The US markets seem a bit bi-polar to me.

Large advances and large retreats.

OB1

[Phaedrus]

This indicator is an attempt to objectively measure market strength. How you use it is entirely up to you. The plot is green when the market is strong - that's when you want to be fully invested. When the plot is red, the market is weak - that's when you might want to be cashed up and sitting on the sideline.
When the plot is light green, market sentiment is positive and improving - a good time to be getting in. When the plot is yellow, market sentiment is negative and worsening - a good time to consider getting out. (Truly devout contrarians would presumably act rather differently!)
When market sentiment is more or less neutral, the MSI is around zero and the plot is grey.
This system worked superbly for me during the long slide, keeping me largely out of the market while it crashed and signalling a timely re-entry just 3 weeks after the bottom.
In short, when the plot is green I am Bullish and when it is red I am Bearish.

[ananda77]

Trader Update -data point 29 November 2010-

Fridays SPY session, absent of large investors, closed on intraday Low (-1.16%) and ES-mini futures dumped after Close (-0.5%) between 1_1:15 pm

conclusion:
-odds favor lower prices especially if trading again affected by any (or the lack of) news or potential intensifying of latent debt crisis in the euro zone_the crisis between North and South Korea

Kind Regards

NEW Bank Of North Dakota http://www.youtube.com/watch?v=r0rJW...eature=related 22 November 2010
-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-Zeitgeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

[ananda77]

Will be interesting to see how the US reacts to Eire's bailout ...

Stocktiming.com -data point 29 November 2010-

-markets precariously sitting on the edge of having a serious drop
-strength needs to trend up for the SPX 500 to finish testing and moving up above the 61.8% Fibonacci level

Trader update -data point 29 November 2010-

...the SPX 500 today continues to fail the November 18 High *1200 level and is at risk to break down from the 'higher Low consolidation pattern' between the November 16 Low *1173_November 18 High *1200

...a Close below the near term double bottom *1176_*1183 will make a test of the 6-month trendline support current *1145, as featured on the weekly time frame, likely in the coming weeks

...a bullish reversal from *1146 support should set the market up for a multi-month rally that need to set the *1200 level as a benchmark for a potential bullish break-out above *1227 in Q1 2011 with gains leading into the *1400 range

NEW Bank Of North Dakota http://www.youtube.com/watch?v=r0rJW...eature=related 22 November 2010
-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-Zeitgeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

Kind Regards

[ananda77]

Trader update -data point 30 November 2010-

...considering:

-prop-desks, hedgies, and institutions stopped accumulating the second week
-institutional equity portfolio manager fully invested now (3.5% cash ratio) as at the October 2007 peak
-daily new highs come in anaemic
-long term trend Foreign_Fed liquidity inflows still in positive territory but sagging

-no boost to liquidity next 24/48 hrs starting yesterday –

...the SPX 500 continues to sit above the November 16 Low *1173 and current uptick power too lame to catapult the index towards the *1200 mark

... as a result, risks high for imminent violation of the near term double bottom *1173/*1183 to test of the 6-month trendline support current *1146, as featured on the weekly time frame, likely in the coming weeks

...a bullish reversal from *1146 trendline support should set the market up for a multi-month rally that need to set the *1200 level as a benchmark for a potential bullish break-out above *1227 in Q1 2011 with gains leading into the *1400 range

NEW Bank Of North Dakota http://www.youtube.com/watch?v=r0rJW...eature=related 22 November 2010
-The Secrect of Oz http://www.zerohedge.com/article/sec...itical-complex 16 November 2010
-The End Of Liberty http://www.youtube.com/watch?v=AQv-sdMCClQ 12 November 2010
-Zeitgeist http://www.youtube.com/watch?v=1gKX9TWRyfs 03 November 2010

Kind Regards