Daily S&P 500 INDEX TRACKER

[ananda77]

...update posted -data point 26 January 2011- http://www.spx500dailyindextracker.blogspot.com

Kind Regards

[ananda77]

...update before market Open 28 January 2011: http://www.spx500dailyindextracker.blogspot.com

-.inflowing liquidity levels remain in high expansion territory
-increasing short-term institutional accumulation
-leadership stock ratio increasing to +1.65

...however,

- risk from Institutional selling higher, moving continuously closer to distribution since December 2010

[...as usual, it always pays to be hedged, no matter how strong an up-trend may look like on lagging indicators, if institutions are that close to distribution levels
(supporting chart on http://www.spx500dailyindextracker.blogspot.com ) ]

update 3.5 hrs into session:

...the market lost its grip on the SPX 500 *1300 psych barrier, likely been spooked by continued unrest in the Middle East, but could just as easily be the beginning of a correction brewing in the pipeline for some time.

...the obvious immediate target below first line support *1292 sits at the January 11 Low *1270. A violation of *1270 will signal further weakness ahead with the January 10 key support *1260 a 'Must Hold' to avoid a deeper sell-off with current *1224 trend line support in the 6-month weekly trading set-up as a minimum target

Kind Regards

[evilroyrule]

hello mr p,

if you had a mo, cld you kindly update us. dark green/light green or otherwise???

[Phaedrus]

I just can't stop improving this thing!



See how a simple 100 day moving average gives essentially the same basic information.
You don't need me, my MSI, or my charts.

[Toulouse - Luzern]

S&P shrugs off Egyption Financial Crisis EFC ...
Stimulus works ...?

[Hoop]

S&P shrugs off Egyption Financial Crisis EFC ...
Stimulus works ...?

..and so they should shrug it off quickly

Egypt is the 40th biggest economy in the world ...only 1.5 times bigger than NZ's economy which ranks 51st (IMF)

Just a speck in the grand scheme of things really.

If you look at the table** the PIIGS combined are x20 larger than Egypts economy. Italy and Spain are very big economies ranked 7th and 12th largest economies in the world respectively.... therefore concern over their future is a valid European and global worry.

**Table of the world rankings of the biggest economies (by countries) in the world

As for oil producing countries Egypt ranks 28th in the world and provides x10 as much oil as New Zealand which is ranked 57th in the world...now this is 2008 data and I think NZ produces a lot more oil now than then.

***Table of the world rankings of countries producing Oil

[peat]

I would think its not so much about Egypt as a stand alone economy - its a barometer of the Arab world AND Egypt controls the Suez canal which most of the worlds oil travels through.

[Hoop]

I would think its not so much about Egypt as a stand alone economy - its a barometer of the Arab world AND Egypt controls the Suez canal which most of the worlds oil travels through.

A flea controlling the dog usually has a much shortened life..huh Peat.
Can't imagine Egypt surviving economically if it goes against it's powerful allies. Europe USA Australia Canada Israel Saudi Arabia even NZ. The Arabs know that.

[ananda77]

Phaedrus: MSI Mk XVII - New 8 colour version.

Hi Phaedrus; ...just joking really...but how much better does a 5-blade shaver shave versus a 4-blade shaver?...just joking really...

...anyway, this mornings update on http://www.spx500dailyindextracker.blogspot.com (for charts)

Trader Update -data point 31 January 2011

...Fidays fall to intraday Low *1266 left a heavily overbought market short term followed by an attempt of consolidating some of last weeks losses in todays session



However, with institutions in distribution, todays bounce is likely to be limited to the *1291/*1295 resistance level with increasing corrective downside potential if failing below resistance
,
Note: liquidity inflows remain in high expansion territory with a noticeable down tick, but the market is unlikely to go into panic mode under this condition. The leadership stock ratio +0.02 reads a bull_bear draw
.
...a closing violation of the January 11 Low *1270 will signal further weakness ahead with the January 10 key support *1260 a 'Must Hold' to avoid a deeper sell-off with current *1224 trend line support in the 6-month weekly trading set-up as a minimum target

Kind Regards

[ananda77]

...this mornings update on http://www.spx500dailyindextracker.blogspot.com (no charts) read:

Trader Update -data point 01 February 2011

...the SPX 500 surged past the *1291/*1295 resistance level, currently trading comfortably above the *1300 Psych barrier

...the next target above *1300 features the August 2008 High *1313 and upper channel resistance current *1335 on the 6-month weekly trading set-up

..looking further ahead, the index appears to be heading all the way towards the *1420 measured objective. However, the current *1335 level on the 6-month weekly trading set-up coincides with the 75% retracement of the 2007_2009 break and may turn out to be another potential turning point for a bearish reversal

Kind Regards


SPX 500 Long Term View posted on http://www.spx500dailyindextracker.blogspot.com (1 charts) read:


- SPX 500 new weekly High

-trend remains up

-monthly C-RSI comparatively low relative to previous two Bull markets

NOTE: last week's tick was very high relative to the red trend line again. Index getting ahead of itself and needs to moderate with a bottom tick that touches the red trend line. This remains a Bull market condition showing an increasing out-of-balance condition that will need to return to balance fairly soon

Kind Regards