Daily S&P 500 INDEX TRACKER

[ananda77]

Trader Update -data point 7 July 2011-

(chart: http://www.spx500dailyindextracker.blogspot.com)
...unless the VIX aborts this pattern within the next few days (by moving sideways or lower), then the market will start to increase its risk and fear levels

Confirming Strength:

-SPX 500 1st. July_BUY - Condition_markets overbought-SPX 500_C-RSI 30 +5.57 - 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: 14 < 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 +4.05_positive NYA-Momentum-Leadership stock/Broad market stock ratio: +2.99 bullish

Confirming Weakness:

-VIX 16.34 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'uptick'
-New Highs Trending Indicator: 156 < 180 minimum target

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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 increasing

...the SPX 500 sliced comfortably through the June 1 High *1345 - appears set to challenge the May High *1371

...worsening overbought conditions and a current VIX (15.91) still unable to wipe out the 15.23 long term support leaves the market short of a clean bull picture - risks of a larger pullback increasing in a market heading towards the May High with short term support *1326

...a successful defense in the *1326 support should motivate the market to take out the May High *1371 to trade higher towards the *1400 Psych barrier initially

Kind Regards

[ananda77]

Trader Update - data point 8 July 2011-

(chart: http://www.spx500dailyindextracker.blogspot.com)
Institutional Core Holding - Broadening Top pattern_possible H&S

Confirming Strength:

-SPX 500 1st. July_BUY - Condition_markets over-extended
-SPX 500_C-RSI 30 +7.8 - C-RSI 9 > C-RSI 30
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' 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 'uptick' in positive
-New Lows: 7 < 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 +5.96_positive NYA-Momentum
-Leadership stock/Broad market stock ratio: +5.47 bullish

NOTE: Leadership Stocks ratio at 6-month High yesterday_NYA C-RSI 6-month negative divergent

-New Highs Trending Indicator: 214 > 180 minimum target

NOTE: Negative divergence from February to now between the New Highs and S&P 500

Confirming Weakness:

-VIX 16.34 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'uptick'

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

Traders: positive intraday bias_over-extended markets
Conservative: remain in Cash until Over-extension resolved_ despite 1st. July Buy Condition
-----------------------------------

Today's Session:

hedged *1378 increasing

...worsening overbought conditions and a current VIX (15.91) still unable to wipe out the 15.23 long term support leaves the market short of a clean bull picture - risks of a larger pullback increasing in a market heading towards the May High *1375 with short term support *1326

...the SPX 500 bashing at the start of todays session lacked follow through strength - above short term 6 July support *1331 - additional strength can be expected to keep the push towards the May Peak *1375 alive - a short consolidation in the July 6 *1331 support and July 7 High *1356 parameters possible

Kind Regards

[ananda77]

Sunday, July 10, 2011

SPX 500 Psych Barrier *1400

(chart: http://www.spx500dailyindextracker.blogspot.com)

...reasonable to assume the market keen to challenge the *1400 Psych Barrier for Bear_Bull clarity

Kind Regards

[ananda77]

200 MA being observed. Bollies not. Nervous times.

- market moving sideways - a positive earning bias will support an upward break and vice versa - in the meantime, a position covering the short side above *1310_*1356 with a reducing bias below *1310 following the upward moving 200-day MA as guidance

[evilroyrule]

Not sure that earnings alone will break the sideway movements. Two things appear to dominate US thinking at present. The raising of the deficit and various eurozone crissis. Both, IMNSHO are noise, that hides the fact that everything is basically going-to-plan as we come out of the GFC. Once this noise is removed, the market will rocket upwards making up for lost time. Same pattern as last year.

and in the spring we shall get married.

couldnt agree more with anything i have read lately. i am raising a loan to buy more. giddy up little pony.

[Entrep]

GDP out on Friday for the US. I expect action sideways or down, not up.

[winner69]

GDP out on Friday for the US. I expect action sideways or down, not up.

Looksm like it came out last week .... consensus was 3.3% and it came in at 1.3% ..... and the previous quarter was revised down by 0.8% to 2.3% .... and the economy is stuffed good and proper .... and this is why the markets are tanking big time

http://www.investorsinsight.com/blog...all-speed.aspx

[janner]

Agree Belg.. The US is still the engine of " New "...

[Entrep]

Looksm like it came out last week .... consensus was 3.3% and it came in at 1.3% ..... and the previous quarter was revised down by 0.8% to 2.3% .... and the economy is stuffed good and proper .... and this is why the markets are tanking big time

http://www.investorsinsight.com/blog...all-speed.aspx

Sorry I meant the employment number this Friday

[Entrep]

Except the USD