Category Archives: Stock Indices

SP 500 Cash Index Cycle Location

On /1/24/2017 it took out prior swing high at 2282.10 and made a new high.  This action extended the beta cycle phase on both the daily and weekly cycle level. We suspect it will eventually crawl to 2300ish level before any significant correction.  The buy the election and sell the inauguration trade was too obvious and too easy.  The market is doing

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SP 500 Cash Index Cycle Location

On the day of inauguration, the SP 500 index gapped higher at open. But it failed to exceed 15-minute open range.  The intraday high was made at open.  Open range high is statistically significant.  It means the market had good reaction to good news (inauguration), but there was no follow through.  Simply there weren’t continuous buyers

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SP 500 Cycle Location Update

We were at the 10th bar in the 3rd daily cycle.  The last nine trading days have been range bound between 2254.25-2282.10.  The high @ 2282.10 established on 01/06/2017 has not been violated.  Violation of 2254.25 on the downside will indicate the selling pressure is picking up.  The selloff will last at least until Jan 26, 2017 to be around 2200 price level.

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Value Line Geometric Index

Value Line Geometric Index represents the real US economy.  The multi-national blue chip Dow 30 companies are where investors park their money, not in the real economy.  The value line has been range bound since it first peaked in April 1998, which was a result of the real boom time in the 90’s.  The second peak

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Bearish Divergent NYSE stocks

The percentage of NYSE stocks above the 200-day moving average should rise with the NYSE index.  Ever since the rally after the election, the market internal gauge such as the percentage of NYSE stocks above 200 day MA has been anemic.  The percentage of NYSE stocks above the 200-day moving average should rise with the NYSE index. But it is

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