Daily S&P 500 INDEX TRACKER

[winner69]

US markets still a secular bear market with several more years to run.

Secular bear markets last as long as the market PEs fall from a peak to a low (usually less than 10 at the market)

However the real value of the US markets seen in the Dow/Gold ratio (how many ounces of gold to buy the DOW) .... simple and clear cut how stuffed the US markets have been over the last 10 years or so ... and still overpriced as well. Just as well this chart has a log scale

http://www.chartoftheday.com/20110624.htm?T

[ananda77]

Trader Update -data point 27 June 2011-

SPX 500/VIX
(chart: http://www.spx500dailyindextracker.blogspot.com)

Confirming Strength:

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'downtick' in contraction
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Institutional selling action_higher Low_uptrend
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend: 'downtick' in negative_daily inflows 'downtick' in negative
-VIX 21.10 > 15.23 support > 20 stress level_long-term resistance 24.65_D/Vol 'uptick'
-New Highs Trending Indicator: 45 < 180 minimum target
-New Lows: 36 > 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 -7.34_negative NYA-Momentum
-Leadership stock ratio: -0.34 neutral
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Stocktiming.com recommend:

negative to mixed intraday bias

Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
-----------------------------------

Today's Session:

hedged *1378

...the SPX 500 trade remains firm above the rising 200-day MA current *1265 but needs to clear the June 23 congestion *1284 on a Close basis to get serious in taking out *1290/*1300 overhead resistance in a show of strength

.....below *1284 suggests high risks for more downside to challenge the March Low *1249 initially - scope yo stretch lower to current *1230 support_December 16 Low *1233 - including the November 2010 High *1227 on the downside

...a successful defense in the support range *1249/ *1233/*1227 would be the basis for an immediate recovery with the June 1 High *1348 an initial target

Kind Regards

[ananda77]

Trader Update -data point 28 June 2011-

Confirming Strength:

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' in contraction
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Institutional selling action_higher Low_uptrend
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend: 'uptick' in negative_daily inflows 'uptick' in negative
-VIX 20.56 > 15.23 support > 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 46 < 180 minimum target
-New Lows: 37 > 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 -5.59_negative NYA-Momentum
-Leadership stock ratio: +0.01 neutral

----------------------------------
Stocktiming.com recommend:

negative to mixed intraday bias

Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
-----------------------------------

Today's Session:

hedged *1378

...the SPX 500 extended higher to clear the June 23 congestion *1284 so far and heading towards the current *1299 (June 22 Peak)/*1303 overhead resistance - appears to roll over as short term momentum spirals away from price

...failure below this ceiling suggests high risks for more downside to challenge the March Low *1249 initially - scope to stretch lower to current *1228 support_December 16 Low *1233 - including the November 2010 High *1227 on the downside

...a successful defense in the support range *1249/ *1233/*1227 would be the basis for an immediate recovery with the June 1 High *1348 an initial target

Kind Regards

[ananda77]

Trader Update -data point 29 June 2011-

Confirming Strength:

-Short term liquidity trend: 'uptick' in positive_daily inflows 'uptick' in positive
(chart: http://www.spx500dailyindextracker.blogspot.com)
-New Lows: 19 < 28 danger zone < panic zone 50

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' in contraction
-Institutional selling action_merged trendline_potential for decreasing selling 
(chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 19.17 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 72 < 180 minimum target
-NYSE_(= hft-zone)_C-RSI 30 -2.52_negative NYA-Momentum
-Leadership stock ratio: +0.27 neutral

----------------------------------
Stocktiming.com recommend:

mixed to positive intraday bias_strength remains negative

Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
-----------------------------------

Today's Session:

hedged *1378

...the market will gain positive momentum above the *1303/*1313 key overhead resistance

...failure below key resistance suggests high risk for a sharp downside reversal to challenge the March Low *1249 initially - scope to strech lower to the December 16 Low *1233 - including the November 2010 High *1227 on the downside

...the SPX 500 Close above the June 22 Peak *1299 sets the first line support into the *1281/*1284 range

Kind Regards

[ananda77]

Trader Update -data point 30 June 2011-

SPX 500_VIX (chart: http://www.spx500dailyindextracker.blogspot.com)

Confirming Strength:

-Short term liquidity trend: 'uptick' in positive_daily inflows 'uptick' in positive
(chart: http://www.spx500dailyindextracker.blogspot.com)
-New Lows: 13 < 28 danger zone < panic zone 50

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' in contraction
-Institutional selling action_if institutions break the support line with a lower/low = have broken the selling uptrend 
(chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 17.17 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 76 < 180 minimum target
-NYSE_(= hft-zone)_C-RSI 30 0.001_negative NYA-Momentum
-Leadership stock ratio: +0.34 neutral

----------------------------------
Stocktiming.com recommend:

mixed to positive intraday bias_strength neutral

Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
-----------------------------------

Today's Session:

hedged *1378 - reducing

...the market gains positive momentum above the *1303/*1313 key overhead resistance
...the SPX 500 pushed past the *1303/*1313 key overhead resistance in todays trading so far - setting the tone for further gains to target the June 1 High *1345 if the market can continues to trade above the June 2 High *1319 - first line support slips up into the current *1291/*1301 range - worsening short term overbought condition introduces high risk for a corrective move to affirm support at *1292/*1301

Kind Regards

[ananda77]

Greece Firesale:



...thought the Greeps (sorry: Greeks) were smarter than that...

Kind Regards

[ananda77]

Trader Update -data point 01 July 2011-

SPX 500_VIX (chart: http://www.spx500dailyindextracker.blogspot.com)

Confirming Strength:

(chart: http://www.spx500dailyindextracker.blogspot.com)
-Institutional selling action_fell lower_trend line down trending
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend: 'uptick' in positive_daily inflows 'uptick' in positive
-New Lows: 13 < 28 danger zone < panic zone 50
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'huge uptick' into low expansion
-NYSE_(= hft-zone)_C-RSI 30 +2.33_positive NYA-Momentum
-Leadership stock ratio: +2.33 bullish

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30-VIX 16.52 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 85 < 180 minimum target

----------------------------------
Stocktiming.com recommend:

positive intraday bias_index testing resistance today
Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert

-----------------------------------

Today's Session:

hedged *1378 - reducing

...index testing resistance today

Kind Regards

[ananda77]

Trader Update -data point 5 July 2011-

SPX 500_VIX (chart: http://www.spx500dailyindextracker.blogspot.com)

Confirming Strength:

-SPX 500 1st. July_BUY - Condition_markets overbought
-SPX 500_C-RSI 30 +5.53
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'huge uptick' into mid-expansion
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Institutional selling action_down trend
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend: 'uptick' in positive_daily inflows 'uptick' in positive
-New Lows: 3 < 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 +4.87_positive NYA-Momentum
-Leadership stock/Broad market stock ratio: +2.51 bullish

Confirming Weakness:

-VIX 15.87 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 162 < 180 minimum target

----------------------------------
Stocktiming.com recommend:
Traders: positive intraday bias_overbought markets
Conservative: remain in Cash until Overbought resolved_ despite 1st. July Buy Condition
-----------------------------------

Today's Session:

hedged *1378 - reducing

...overbought markets - huge inflowing liquidity last two trading sessions - further gains to current overhead resistance *1346 (the June 1 High *1345) possible - risk for a corrective shakeout to *1293 first line support

...the SPX 500 holding just below current overhead resistance *1346 (the June 1 High *1345) - failure below/at resistance introduces high risk for a corrective shakeout to *1293 support - trading below current *1316 signals first signs of weakness

Kind Regards

[ananda77]

A77 ... Could be a bit of profit taking in the next few days but onwards and upwards from there. AA, being one of the first to report, has lead the way after dropping below its 200 MA and then rebounding about 10% in the last two/three weeks and doing so before the S&P500. A good sign IMNSHO.

Hi Belgarion,

...liquidity inflows over the last two trading sessions were exeptionally large and the index may flatline or attempt to go higher for a while longer - but the heavily overbought condition will catch up at some stage - not a 'BUY NOW' market

...also, over the length of the bullish recovery since March 2007, the leader stocks/broad market stocks ratio has opened up a huge negative divergence - so be aware of who is buying this market at this stage

Kind Regards

[ananda77]

Trader Update - data point 6 July 2011-

Confirming Strength:

-SPX 500 1st. July_BUY - Condition_markets overbought
-SPX 500_C-RSI 30 +5.31 - C-RSI 9 > C-RSI 30
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'downtick' in mid-expansion
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Institutional selling action_down trend
(chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend: 'uptick' in positive_daily inflows 'downtick' in positive
-New Lows: 7 < 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 +4.28_positive NYA-Momentum-Leadership stock/Broad market stock ratio: +2.67 bullish

Confirming Weakness:

-VIX 16.06 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'uptick'
-New Highs Trending Indicator: 144 < 180 minimum target

----------------------------------
Stocktiming.com recommend:Traders: positive intraday bias_overbought markets
Conservative: remain in Cash until Overbought resolved_ despite 1st. July Buy Condition
-----------------------------------

Today's Session:

hedged *1378 - reducing

...the SPX 500 slightly lower after dipping ahead of the June 1 High *1345 to intraday Low *1331 - markets remain overbought - risk for a corrective shakeout to affirm current*1295 trendline support/(June 22 Peak *1299) briefly

...a successful defense of current*1295 trendline support/(June 22 Peak *1299) would signal the start of a larger rally targeting the May High *1370 - potential to trade higher towards the *1400 Psych barrier

Kind Regards