Follow by Email

Wednesday, June 29, 2016

spx 2090



People who know me know I like 3 and 100
Advanced Get changed from a Wave 3 to a bullish wave C.
I should have said It yesterday it could change.
I look for 2090 either Ju 30th or July first.
"Nay Sayers" look at 2-11-16 a C wave.
We went from 1810 to 1930 in 3 td or 100+ pts
Gann angles loves it. 

 click to enlarge

Monday, June 27, 2016

Rally time

I have been pounding the table all day saying the market (SPX) is down but so is the  VIX.
NO one responded as if SO WHAT ?
Here is a chart to what I speak.
The green lines = SPX  and the red-black = VIX. When the VIX peaks like today but the SPX didn't turn up I expect a GAP higher in the SPX  and a meaning full rally.
click chart to enlarge.

Monday, June 20, 2016

I see no bears.

Simple trend lines show more than you think.

My dates have been +/- 1 TD  not bad.

Tuesday, June 7, 2016

Remember the 7th or 17th

Here we are one day before the 7th my first target  date and we hit the 5th wave. I think there is a little more upside because the moon is in a favorable phase. Unless we have a crazy gap higher that is clearly unsustainable I think we could slowly go higher.
If we remain calm I would look at 17th. Even if we drop a little there should be a 5 TD retest of high.
 click chart to enlarge

Sunday, June 5, 2016

Working Bollinger Bands

Most people will buy or sell when the BB is pierced by a stock or index.
Usually this works very well but if you use a 3 zig zag it clears the picture.
I have annotated a chart to show a few examples on the current SPX
Jerry  June 5th 2016

Friday, June 3, 2016

We are 5.80 away from a wave 5

A close above 5.80 Spx ((2111.06 ) will offer a Wave 5. That could offer a bigger breakout higher.


Tuesday, May 24, 2016

Ahead for the week



Auto Gann lines are working again.
Scenarios for Wednesday   Fill the gap
                                            Fill the gap but close above 50DMA
                                     or    Range   the gann lines 2059 -2071

I expect a higher high Friday  27th. And into Mid June,later, but not in stone!
Jerry O

Tuesday, March 29, 2016

Turn date the 18th

Update May 18th  "The 18th has called the bottom. I think we rally now into mid June +
On the chart the gann lines offer little down side 2033.30 for Thursday, 2045.60 and 2058.67 an we should close above that by Friday.
If I'am wrong then you need to raise my pay. Jerry
Never take trading serious from the Net my disclaimer 








Ok I have been away. My plunge date was the 21st but was to my surprise a high. Since all the other fib dates were lows who would
think a switch was coming. I was to my regret out of site and out of mind at the time.     My next turn date based on other works calls for the 18th.
Gann lines should give us the trend with magic number 2058.17 Spx
for Monday  May 16th. This week should be a big money maker!














Here are some links I hope are live:http://stockcharts.com/h-sc/ui?s=%24NYADU&p=D&yr=0&mn=6&dy=2&id=p73348678572&a=448638968

Showing just how overbought we are.

http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=0&mn=6&dy=2&id=p92911779640&a=446729007


Friday, March 11, 2016

Newer noiseless charts

Looking at my unch chart we see it getting more overbought. That can mean complacency or excess!Yes it is overbought a signal yet,NO!  I have studied this chart back years and see the 83% line as a buy/sell line. If we are below that line and it cross's it is a buy. So we need to see the OB  line come down to the 83% to get a sell.  Thought's it could lead to one last overblown rally.
LIVE EOD

http://schrts.co/RvMK5v


Next chart is the $BPSPX and after a strong climb it has finally leveled off. Again not a bear till it starts down.
My thoughts is it is a lager not a leader but still has to follow the script . So looking for divergences as alway's. These are simple charts to (kiss) keep it simple stupid.
Live EOD

http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=0&mn=6&dy=2&id=p92911779640&a=446729007

Jerry O
ps Draghi wants to buy corp bonds, banks want him to buy  non performers. I think he is killing his banks.

So far no overlaping of wave 1 so still bearish lean 


Monday, March 7, 2016

Trying to find overvalued

http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=0&mn=6&dy=2&id=p92911779640&a=446729007

This is a live chart updating EOD     I show the UNChanged and how overbought it gets at highs.
So we are close to a turn down.
Then there are other OB/OS like the RSI   vs the SPX and NYA
Friday the rally seemed to peak in late afternoon. This is based on stocks that were much higher and then either closed unch or lower. Was this the overbought mkt peak?
Today added the MACD + some OB/OS areas with guidlines.

Updating my Fib chart and notice the change in date from April 15 to April 21 as I had looked at the wrong date. Thanks Kevin.

You will notice the boxes. The last signal was 144 fibs and we dropped in 9 days 111 SPX points
(2104-1993) If history repeats the mkt should enter that box at some level as a high.
Jerry O