Daily S&P 500 INDEX TRACKER

[peat]

a bullish bias likely to develop above *1070/*1072

agree that in the short term this is a S/R level

[ananda77]

Trader Update -data point 20 July 2010:

...the SPX 500 opened lower *1065 and immediately gapped down to intraday Low *1057; following the gap-down open, the market so far continuous to close the gap with market internals improving throughout the session

...the index is trading above short term resistance *1070/*1072 at present and if the strength continuous into the Close, the bullish reversal indicates a successful defense of the July 8 *1058/*1068 zone

...above the July 19 *1075 High, the market is likely to trade higher with the June 19 High *1119 and potentially, the June 21 High *1131 as targets

...look for a bullish trade above *1070 – target *1130 – stop *1047

Long Term:

Kind Regards

[ananda77]

Trader Update -data point 21 July 2010:

...the SPX has slipped back to unchanged levels this morning and appears content to consolidate Tuesdays bullish outside day from *1057

...until the July 16 break-down level *1092 is taken out, the market could range between the July 19 High*1074 and todays High *1089 but time spent inside these parameters should set the table for follow-through higher next week

...a breakout above *1089 should invite another leg higher with the June 19 High *1119 and potentially, the June 21 High *1131 as targets

Long Term:

Kind Regards
>>>>>>>

[h2so4]

Trader update: Bernanke testomy wasn't bullish, destinctly cautious, even bearish - market tanks over 1% - TNX price up, yield tanks below 3% - fightback beginning - could go anywhere from intraday low of 1065

.... gripping stuff, isn't it

Well belg you seem to have a positive outlook with the markets interpretation as being bad news. Some might think thats a little weird but I kinda like it.

[ananda77]

Trader update: Bernanke testomy wasn't bullish, destinctly cautious, even bearish - market tanks over 1% - TNX price up, yield tanks below 3% - fightback beginning - could go anywhere from intraday low of 1065

.... gripping stuff, isn't it

David Rosenberg: The Meat Grinder Market

Fed's Bernanke: outlook unusually uncertain, Fed prepared to take further action... ...the Bull/Bear Conflict continues

Outcome: index crashes to around 900 - market cries out loud - political correctness (austerity) takes a hiding - Bens helis airborne again - everybody happy

Kind Regards

[RRR]

Too complicated stuff for me to understand. I have been pouring my hard earned money since may and if it goes down the drain, so be it. I will call it risk taking. I will stick to good old p/e, p/b, roe, roce, div yield etc.

[ananda77]

Trader Update -data point 22 July 2010:

...the SPX successfully defended the July 20 Low *1057 during Wednesday late collpase and has surged higher after this mornings data

... the impulsive advance broke the July 21 High *1089 as well as the July 16 break-down level *1092 to intraday High *1098 indicating a readiness in the market to take on the July High *1100 as a next up-side target

...based on todays price action, a similar break-out from the *1100 level is expected that should motivate the market into further upside with the June 19 High *1119 and potentially, the June 21 High *1131 as targets

Long Term:

Kind Regards

[Footsie]

short term daily indicators are back on BUY for the SP500

[ananda77]

short term daily indicators are back on BUY for the SP500

www.stocktiming.com: -data point 26 July 2009-

...Institutional Core Holding -above wedge support with a positive bias-

Trader Update -data point 26 July 2010:

...the SPX moving in on the June 19 High *1119 after breaking the July High *1100 with market internals remaining constructive for further upside to take out *1119 initially; potential to extend to the June 21 High *1131 before risk of a corrective down move increases

...however, at this stage, it is expected that a brief corrective drive will confirm the July High *1100 before heading back towards trendline resistance current *1142 with potential to extend to the April 29 Low *1158 -IF- institutional buying levels increase to sustainable levels

...institutional selling -down trend but institutional buying needs to increase for a sustainable long term advance

Long Term:

Kind Regards

...please note: will be in Australia to September 9 unable to update for the entire period starting August 8

[ananda77]

Trader Update -data point 27 July 2010:

...the SPX traded above *1119 to intraday *1121 but failed to challenge the June 21 High *1131; the index closed (-1)

...as a result. downside risk to affirm the July 13 High *1099 remains until the market is able to take out the June 21 High *1131

...above *1131, trendline resistance current *1142 with potential to extend to the April 29 Low *1158 come into view as up-side targets


Long Term:

Kind Regards