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
Friday, March 11, 2016
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
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
Wednesday, March 2, 2016
Strip out the Noise
Today we hit the .618 area on the SPX @ 1978.14+ and important wave ending,I hope.
Futures are up strong at 1:30 AM ET
Window Dressing?
If you look at this chart of the BPSPX you will see where I put the arrows.
What is interesting is the low was Nov 3rd but almost every thing else as far as highs was at or near the 29-1st of each month.
So the high should be in but is it ?
Futures are up strong at 1:30 AM ET
Window Dressing?
If you look at this chart of the BPSPX you will see where I put the arrows.
What is interesting is the low was Nov 3rd but almost every thing else as far as highs was at or near the 29-1st of each month.
So the high should be in but is it ?
Thursday, February 25, 2016
Kiss of death sell.
Looking at the ADX that could be the kiss of death sell that has worked before.
There is a chart from Advanced GET looks a lot like now and how we could pay out to get the April low I look for.
There is a chart from Advanced GET looks a lot like now and how we could pay out to get the April low I look for.
Tuesday, February 23, 2016
Saturday, February 20, 2016
Monday, February 15, 2016
Where's the BEEF?
Pure and simple a momentum run and short covering enhanced by Jimmy Diamond. Strange on a 3 day weekend. Looking at charts to find a
fractal. Not even sure it was a breath thrust. I hope it was a bull trap.
Holiday weeks can have big moves. Color me skeptical.
Later Jerry
Later with charts
Projection from AGET and my thinking.
fractal. Not even sure it was a breath thrust. I hope it was a bull trap.
Holiday weeks can have big moves. Color me skeptical.
Later Jerry
Later with charts
Tuesday, February 9, 2016
On Spx 1740 watch
Monday email post:\Unless we rally sharply into the close and cancel the parabolic buy signal.
Then that parabolic light buy signal ( Pattern )suggests lower into Friday.
Sharp moves.
If however we plunge into the close LOD then I would buy for a 1 TD rally
Jerry
After close update. Stayed flat since neither happened.
Tuesday email post at 11am
Inside days are bullish in bull mkts. I don't think this is a bull and a full candle is more bearish.
after close update. Making a little change Target will be raised a little to range 1740-1765 SPX.
Wed down, Thursday up a little, Friday intraday L.O.Wk
Based on Parabolic pattern
Then that parabolic light buy signal ( Pattern )suggests lower into Friday.
Sharp moves.
If however we plunge into the close LOD then I would buy for a 1 TD rally
Jerry
After close update. Stayed flat since neither happened.
Tuesday email post at 11am
Inside days are bullish in bull mkts. I don't think this is a bull and a full candle is more bearish.
after close update. Making a little change Target will be raised a little to range 1740-1765 SPX.
Wed down, Thursday up a little, Friday intraday L.O.Wk
Based on Parabolic pattern
Saturday, February 6, 2016
Mild Correction so far
Indicators have turned down with ADX blue turning up (bearish on a 1 TD view.
Wednesday, February 3, 2016
retest should start
We hit 1947.20 Tuesday, important day.
We should be on the way to retest low.
Jerry
We should be on the way to retest low.
Jerry
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