Still Bullish

Still bullish if we break that 77 line
it could be a spoiler.
I don't expect it.

Looks higher!

Looks higher to me. 144TDH looms ahead with a few other high cycles in this time frame. 89 TD on the 7th and 220 a few days later.

Below we look at Oex P/C ratio




P 11544/C 4980 = 2.32 Bullish





This volume chart is neither OS or OB
and as long as it remains range bound
we drift higher.
80/30

Hard to call a top yet!.

Looking at stocks above 50dma it's not as high as last peak. The actual sell comes in the red zone but that leaves a lot on the table.
















To pull this together this chart of up volume has been in a sideways movement . Unless we get an extreme
movement it would be hard to call a top.

Jerry O

Why fight it.

Of course a one day breakout doesn't pass the test of time but volume has been picking up. Now high volume to me comes at tops or distribution.
If we remain on this pattern and with the 144TDH hitting early Mar we could see final targets of Spx 1402.

Downside very limited until it isn't.
( A big breakdown) not expected.

GAp dn rally to close-Thursday

I thought today looked a LOT like Jan 10th.

If that is the case we should gap lower maybe 10-10:20 Low then rally all day.









Feb 1st

Danger

Make or Break divergence and fractal

Our heads are all full of sugar plums so the the emotions are high.

We have been rebuffed here today.
See if this is going to hold or not.



click chart to enlarge.










This could make for an interesting fractal.
Manufacturing was down today and I think unemployment will be up Friday.






Visit our new friend for Astro of markets.
http://astrologyandthemarkets.blogspot.com/

Why I worry!

On this chart I have the $spx vs Neog.
Neogen is a niche company in the food safety and animal safety business.
This great divergence from the trend maybe very telling of world business.
If you read their report it has gotten real bad world wide.
The world food supplies are a must to protect so what is happening out there?

click image to emlarge

Still in sell mode.

Right on the cusip after a 2 day attempted rally, but looking like distribution to me.

Manipulation gone wild! Update Sell

This indicator has gone to a sell. If one looks where the sideways arrow are we see the average decline of a minimum of 25+ Spx points if everything is relative. And it will not be a 1 day affair.
Jerry O




















The market we have is not the market I want. I fight the fed who wants to kill the $$$. Dollar down
US market up.
I fight the Euro since they also want the market up they refuse to pump the banks. So Euro up US markets up.
Can the egg crack sure but after being bearish for 2 weeks guess we will have to get extremely over bought.
Monday the 12 th is settlement of futures so that could be interesting but only for the moment.
This is the third time we have taken a shot at the 200dma on the Spx.

I will sit back and watch.
Jerry O