No rally today UPdate

A complete reversal of the Trans  and then some. The Util just as upset.

Did we do any technical damage, no not yet

Charts below.

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Rally Coming

 Big Rally coming???
This chart looks bullish..
When a market goes sideways  for 2 weeks and doesn't do what you expect on a bad number like Friday, then you have to switch you thinking fast.
BIG OE RALLY??????????????

Big breakout in the Transports ! 

Big breakout in the Util!

 Big break out in Corp bonds  !

  All  Gov't bonds going down

Short term view of the SPX with higher highs and higher lows.
We could ATTACK that higher trend line.

Still looking toppy to me.

 This is a chart that if it goes lower could offer  a big bear view of the ecomony.
Click chart to enlare\ge

 Sure  the  Rut was bullish Friday and may make a run but so far not as strong as earlier

 This to me Targets SPX 1780 sooner or later.

 I think this is the most important chart.
If it starts up like 2000,2007 and some of 2011 you can bet on a bear market.
So far we need to see buit a good clue to the future.






Jerry 

Sideways at best.

Getting Toppy 12-19-2013

Sold stocks today that hit new highs like HIMX and buying some SPXU.
Many divgerences on these charts. Trans,Util etc.

Still looks good to ME

 Advanced Get bullish view













We bounced right back to where it started.
We need to hold this line.

5 day chart

Breaking Out

 Russell seems have held support and now ready to run.
At some point it will turn to speculation
maybe 1st week of new year if we spike now.

COMPQ is on a tear so this bullish time of year is no place to fight the tape.

Lets get parabolic !!!

12% run not out of question

A 12% run from 200 dma would put get us overbought and at Spx 1850 give or take.
My in the ball park average ( 1849 Spx)

Spx 1849 or Less

Big UP, Little flat

 First I have a reaction day usually big in both directions (Monday 18th)

Is the combo count right? I don't know. I do like the SD lines for buy and sell with OB/OS indicators.
We should be aware not a call for a top..

 Little ones are flat as Generals move up.


click charts to enlarge...

 Little ones are flat as Generals move up.Really flat on the Russ

Here is a look at bull,bear,bull,bear,BULL.
Happy ending noway.

Time for a rest

 We are over bought by may measures.
Here we notice that the big caps are leading and the compq is weak

 We notice here even the $rut is weak vs the oex.

Thia fractal of the $cpce maybe very telling. You notice  the last OS line and a peak in 10 TD's
Well we are again in that time frame..

Today is fed day noi change expected but what other news is there to pump market?

I think it is time to pullback and if the maket is weak at close I could short.

Jerry