Tuesday, August 30, 2011

And I Thought it was My Turn!

 "Not What I Planned."
SPY 20 Day, Hourly - 8.30.11 - Breakout Over Resistance which has surprised the Bears.  What Next?

Sunday, August 28, 2011

Tug o' War Generates Sideways Market

Wide and Narrow - Which Way Next?

 SPY 2 Year, Weekly - 8.26.11 - Large Drops often result is Sideways Consolidation - There are Bearish Suggestion in the Indicators.
 SPY 20 Day, Hourly - 8.26.11 - Sideways Range Bound Price Action - Bearish Suggestions on Indicators
 VIX/SPY Divergence Chart - 8.26.11 - VIX and SPY both are in Sideways Consolidation Mode.
 Gold (GLD)  - 20 Day, Hourly - 8.26.11 - And Then There is Gold - Nudging the 50 Day Moving Average - Being a Risk Alternative to Stocks it tends to be Move Opposite to the Market.

Wednesday, August 24, 2011

Back to the Drawing Board

 Looks Up; Goes Down - Looks Down, Goes Up
 SPY 2 Year, Weekly - 8.24.11 - Weekly Trend is Down
 SPY 20 Day, 2 Hour - 8.24.11 - Late Day Rally puts Bear Move in Doubt
 SPY 20 Day, Hourly - 8.24.11 - Range Bound Cyclical Market
VIX/SPY Divergence Chart - 8.24.11 - Convergence Confounds the Bears

Tuesday, August 23, 2011

Wher'd that Come From?

 And Everyone was Thinking "Down"!
 SPY 2 Year, Weekly - 8.23.11 - Weekly Charts are Great for Checking the Trend.
 SPY 20 Day, 2 Hour - 8.23.11 - Short Term Rally off of Support.  Longer Term the Trend is still Bearish.
 SPY 20 Day, Hourly - 8.23.11 - Ten Day Range Bound Market - Could Breakout Up or Down - Bias appears Down
VIX/SPY Divergence showing Convergence - On Balance Volume Supported Upward Move

Monday, August 22, 2011

Bulls are Hanging On

 Who's in Control Here?
 SPY 20 Day, Hourly - 8.22.11 - Momentum is Down
SPY 20 Day, Hourly - 8.22.11 - John Carter Indicators Suggest Bearish Trend
VIX/SPY Divergence Chart - 8.22.11 - Trend is Bearish

Friday, August 19, 2011

Tsumami Slide Continutes

 The Bulls are Under Water Big Time

 SPY 20 Day, Hourly - 8.19.11 - Trap Door Opened to the Downside - Take a Deep Breath!

 
VIX/SPY Divergence Study - 8.19.11 - Divergence Widens which is Bearish - On Balance Volume Leads the Way Down - (If you don't believe it, follow the action on the blog. Our hope is to make this simple and straight forward with minimal distractions)

Thursday, August 18, 2011

Bears Devastate the Bulls

 Bears can take care of a China Shop too.
 SPY 20 Day, Hourly - 8.18.11 - 400 Point Drop in Dow portends Downside Momentum Underway - Bear Market Rules in Force
VIX/SPY Divergence - 8.18.11 - Lack of On Balance Volume Support led to Failure of the Weak Rally to the Upside.  The Market is now in a Momentum Move to the Downside.

Lack of Volume Support Threatens Move

 Weak Move to Upside with Little Volume Support
 SPY 20 Day, Hourly - 8.17.11 - Loss of 20 Day Support suggests a Roll Over on the way.
VIX/SPY Divergence Chart - 8.17.11 - On Balance Volume out of Sync with Weak Bullish Move.  (the white line is flat and is not tracking the price action.)  This Lack of Support suggests a Probable Rollover to the Downside.

Tuesday, August 16, 2011

Limbo Land Between Bulls and Bears

 You're Confused?
 SPY 20 Day, Hourly - 8.16.11 - Support on 20 Day Moving Average - Looking for Momentum to go Higher.
VIX/SPY Divergence - 8.16.11 - Weak Movement to the Upside - Lackluster On Balance Volume in So-So Support.  Bullish Rally at Risk to Fail.

Sunday, August 14, 2011

Volatilty has Become the Norm!

 Hang in There for the Ride - Buckle the Seat Belts
 SPY 8.11.11 - 20 Day, Hourly - Seeking Support while Reaching for the Trend Line - Consolidation may Take Some Time before the Next Major Move
VIX/SPY Divergence Chart - 8.11.11 - Note the Divergence of On Balance Volume (White Line) moving in opposition to price action.  This suggest weakness in the move to the upside (but then there is the weekend to consider).

Wednesday, August 10, 2011

What Works for One Works for All

 You Have Not Seen Anything Yet.  Just Wait 'til I Take on the Stock Market!
SPY 2 Year, Weekly - 8.10.11 - Support Could Give Us a Lift.  But, the Next Step is Up for Grabs.
 SPY 20 Day, Hourly - 8.10.11 - Decline Continues
VIX/SPY Divergence Chart - VIX and SPY in Consolidation - Next Move Uncertain.

Monday, August 8, 2011

For Lack of a Plan!

 Knock!  Knock!  Is Anybody Home?
 SPY 2 Year, Weekly - 8.8.11 - Dramatic Market Drop to Support from May.  Will it Hold?  The Fed meets on Tuesday.
 SPY 20 Day, Hourly - 8.8.11 - New Lows - Seeking Support - On Balance Volume in Decline
VIX/SPY Divergence Chart - 8.8.11 - Acceleration noted in price action. The Market is Very Oversold but that is not a Brake.

Saturday, August 6, 2011

Market Votes on Washington Histrionics

 It's Up to Us to Clean Up the Mess - Come on America!
 SPY 20 Day, Hourly - 8.5.11 - The Market Does Not Go Down Forever.  The Current Environment is Very Negative.  Perhaps We Should Look for a Bounce on Monday?
PIX/SPY Divergence (VD Test) - On Balance Volume has been overlain on the SPY Chart.  The Mode is Very Bearish.  Considerable Work by the Bulls is Needed to Even Make a Dent.  On the Positive Side the Bad News is Already Out There.  "Do the Bears Have Any More Bullets?"

Friday, August 5, 2011

Market in Free Fall - Looking for Support

 The Bear Attack Continues
 SPY 20 Day, Hourly - 8.4.11 - Signs of Recovery Not Close at Hand
VIX/SPY Divergence Chart - VIX Spiked Over 30.00 - Divergence Widens - Bearish Mode