Daily S&P 500 INDEX TRACKER

[ananda77]

Trader Update -data point 1 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the SPX 500 surged past the 50-dsma as well as the weekly trendline resistance current *1213.15 (Wednesday 23 November 2011 - Trade: buy Close *1211.46 (+) target: *1325 stop: *1236) on

Volume chart: http://www.spx500dailyindextracker.blogspot.com
reasonable high volume accumulation that improved the underlying uncertainty caused by low volume accumulation during the up-move off the 28 November 2011 Low *1158.67 - the index is short term overbought but momentum could carry prices past upper wedge resistance current *1252.16 into the heavily fortified *1260 congestion (the 200-dsma current *1265.89 - potential for the market to push prices up as far as the 8 November 2011 High *1277.55 before exhaustion sets in

VIX chart: http://www.spx500dailyindextracker.blogspot.com
-unfortunately, the VIX closed *27.80, unable to push below the program selling threshold *26.0

...as a result, this market appears to be the day traders version of nibbana, but a nightmare for investors seeking a sustainable longer term hold

Trade: sell *1263.00 (+) ideal target: *1220/*1230 congestion stop: *1287.00)

Kind Regards

[ananda77]

Trader Update -data point 2 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the SPX 500 consolidated between *1239.73 and *1251.09 intraday moving quietly along above the 200-dsma hourly time frame - the Trin *0.77 remained with a bullish to neutral bias - Long Term Trending Fed. Liquidity, Institutional Investors, and Foreign Liquidity Inflows and institutional buy_sell trending neutral to bullish bias - up-trend institutional selling trending at inflection point - C-RSI_30 remains negative

FTL chart: http://www.spx500dailyindextracker.blogspot.com
- growth rate ----FTL(follow the leader/very strong)-stocks higher than growth rate strong stocks - in positive territory 1 December 2011

VIX chart: http://www.spx500dailyindextracker.blogspot.com
- the VIX *27.4 moved marginally lower - unable to push below the program selling threshold *26.0

...as a result, trading momentum above the 200-dsma could carry prices past upper wedge resistance current *1252.16 into the heavily fortified *1260 congestion (the 200-dsma current *1265.43) - potential for the market to push prices up as far as the 8 November 2011 High *1277.55 before exhaustion sets in

Kind Regards

[ananda77]

Trader Update -data point 5 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the SPX 500 extended slightly higher into the heavily fortified *1260 congestion (the 200-dsma current *1265.43) before selling settled the index into the *1244.28 Close (-2) off the 1246.03 Open

Volume chart: http://www.spx500dailyindextracker.blogspot.com
...volume sell extended slightly higher

VIX chart: http://www.spx500dailyindextracker.blogspot.com
...the VIX bounced off the 200-dsma current *25.34 to close *27.52 - unfortunately still above the *26.00 program selling threshold - on a positive note, the VIX intraday Low *25.29 penetraded the current 200-dsma level

...as a result, although the market trades in the strongest time frame of a year and a 7.39% weekly gain needs to account for a strong positive bias towards the end of the year - the selling on slightly higher volume combined with a VIX above *26.00 and a minus Open/Close result signals waning strength in the short term - below *1244, risks are high for the market to force the index into confirmation drive to challenge the 10 November 2011 Low *1227.70 - potential to extend lower for a challenge of the *1215 support - potential to extend lower for a 50-dsma confirmation challenge current *1210.26 - however, pull backs to above the 50-dsma provide favorable buying opportunities

Kind Regards

[ananda77]

Trader Update -data point 6 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the market opened the SPX 500 strongly and pushed the trade right past the 200-dsma current *1264.52 to the intraday High *1266.73 - a nice bullish (+22) surprise before selling settled the index (+12) to close *1257.08 - (+22) gap up Open versus (-10) sell down Close - however, the index closed (-3) below yesterday's intraday High *1260.08

Volume chart: http://www.spx500dailyindextracker.blogspot.com
-volume registered accumulation
-the *0.55 Trin signals extreme bullishness

VIX chart: http://www.spx500dailyindextracker.blogspot.com
-unfortunately, a higher VIX Close *27.84 adds a bearish splash into the bullish painting
-institutional buy/sell trending and Long Term Trending Fed. Liquidity_Institutional Investors_Foreign Liquidity Inflows remaining neutral - strength remains weak

...as a result, it is unlikely that instituitons would be major accumulators with the heavily fortified *1260 congestion/the 200-dsma current *1265.43/the 9 November 2011 High *1275.18 ahead unless the market offers cheaper incentives to accumulate - below *1247.11, risks are high for the market to force the index into confirmation drive to challenge the 10 November 2011 Low *1227.70 - potential to extend lower for a challenge of the *1215 support - potential to extend lower for a 50-dsma confirmation challenge current *1212.76 - however, pull backs to above the 50-dsma provide favorable buying opportunities

Kind Regards

[ananda77]

Trader Update -data point 7 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
VIX chart: http://www.spx500dailyindextracker.blogspot.com
...the market trends up and the VIX trends up - No Thank You - portfolio protection remains in place until after a decent shake-out

Kind Regards

[ananda77]

Trader Update -data point 12 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...8 December 2011 price action trapped the bears 5 points below the hourly 200-dsma -nice shake-out- respecting the daily 21-dsma current *1227.28 and the 50-dsma current *1219.85

VIX chart: http://www.spx500dailyindextracker.blogspot.com
...the Vix tested the *30.16 resistance but without having set a lower Low first below *24.44 - the rising 200-dsma sits currently *25.55

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...daily price action sits way overbought - high risk for any up-move to be met with a selling rout

Cot chart: http://www.spx500dailyindextracker.blogspot.com
...small speculators are the main driver of this current rally

...as a result, short term up-side potential to meet the 8 November 2011 High *1277 as long as the index remains above the 21-dsma current *1227.28 and 50-dsma current *1219.85 - high risk however, trading a break-out above the 200-dsma in an extremely over extended daily market - despite Friday's bullish display (Trin *0.65), a repeat challenge of the 3 August 2011 Low *1234.55 cannot be ruled out - pull backs to above the 50-dsma provide favorable buying opportunities

Kind Regards

[ananda77]

Trader Update -data point 13 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the SPX 500 extended its corrective shake-out to an intraday Low *1227.25 just a notch above the 21-dsma current *1227.18 and closed *1236.47 just above the 3 August 2011 Low *1234.56 - potential to extend lower to challenge the 50-dsma current *1221.95 - potential to extend lower to challenge the 5 August 2011 High *1218.11

VIX chart: http://www.spx500dailyindextracker.blogspot.com
...the VIX closed lower *25.69 setting a positive divergence with a 200-dsma challenge current *25.57- pull backs to Closes above the 50-dsma provide favorable buying opportunities

DXYO chart: http://www.spx500dailyindextracker.blogspot.com
...the USD-index remains a Red Flag to the market as well as continuous weakness in the Chinese market

Kind Regards

[ananda77]

Trader Update -data point 14 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the market challenged the 5 August 2011 High *1218.11 with an intraday Low *1219.43 and settled the SPX 500 *1225.73 right on the the 21-dsma/50-dsma inflection point - luke warm support at best at inflection leaving the bears clear in the driver seat

Volume chart: http://www.spx500dailyindextracker.blogspot.com
...volume registered distribution producing a very bearish Trin *1.79

VIX chart: http://www.spx500dailyindextracker.blogspot.com
...the VIX closed lower building on the positive divergence moving clearly below the 200-dsma with an intraday Low *23.27 to close *25.41 -still above the *24.00 level-

DXYO chart: http://www.spx500dailyindextracker.blogspot.com
...the DXYO added more shades of red taking out the 5 October 2011 High *79.87 heading up into the *81.00 Double Top level

...as a result, the developing positive VIX divergence signals expectations of higher prices ahead - the DXYO trade however shows equity markets the finger - unless, equity traders are confident enough the USD will never ever make it past *81.00 Double Top - pull backs to Closes above the 50-dsma provide favorable buying opportunities - Trade: buy *current levels Target: *1315 Stop: *1211.36 - a fully invested portfolio still in need for lower 20 - 50 (%) protection

Kind Regards

[ananda77]

Trader Update -data point 15 December 2011-

SPX 500 chart: http://www.spx500dailyindextracker.blogspot.com
...the market moved the SPX 500 past the 5 August 2011 High *1218.11 down to an intraday Low *1209.47 to settle *1211.82 - Trade: buy *current levels Target: *1315 Stop: *1211.36 remains 'on' - the 21-dsma current *1223.41 crossed below the 50-dsma current *1226.24 - volume registered distribution again - the bears keep the pressure on

VIX chart: http://www.spx500dailyindextracker.blogspot.com
...the VIX spiked higher to *27.55 and closed above the program selling *26.00 threshold *26.04 - above the 200-dsma current *25.64

DXYO chart: http://www.spx500dailyindextracker.blogspot.com
...with *81.29, the DXYO took out the first 1 October 2011 *80.90 Top - technicals look constructive for further advances

SPX 500 derivative chart: http://www.spx500dailyindextracker.blogspot.com
...the index now trades very close to the daily 1-yr trendline support current *1202.71 with the 11 October 2011 Low *1187.30 providing next logical support

...as a result, all support points down to the 200-dsma failed to ignite accumulation including today's price action off the Low - price action naturally appears now to favor hugging the down-line instead of bothering reaching out towards the up-line - situation most likely remaining unchanged until strong accumulation at support signals first signs of change - a fully invested portfolio still in need for lower 20 - 50 (%) protection

Kind Regards

[ananda77]

Trader Update -data point 15 December 2011-

FTL chart: http://www.spx500dailyindextracker.blogspot.com
...growth rate ----FTL(follow the leader/very strong)-stocks - in negative territory with an uptick 14 December 2011 - a first positive sign of accumulation

Kind Regards