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

I don't know!

I looked for a rally but this was a super rally. I need to see a few more days to see if a freak or the real thrust rally.

Calling a ST LOW

My post to members today   "BTW if we plunge the close I think we get a playable pop higher tomorrow."   I did buy some calls on the close.
We either hit a ST low today or will in the am tomorrow. Either way I look up tomorrow.WEDNESDAY  9th

Looking at this chart, we should hold the 100dma for a few days.
Look at arrow in green at bottom of chart. The ratio has hit lows right before rallies .
Wenesday is also a very important TD
as followed by one of the members.

My bull data.
Tick -799   O.S.
Premium 2.67 bullish
Xsp 1.95 to bearish and that is bullish
Charts FINALLY look ugly and that is bullish. It's hard to find anything     bullish so that is bullish.
Oh and Yellon news.

Jerry

Support better hold or BOOM

 We finally broke the back of the strength in the
$rut chart  left   . This is vs the Oex.
That could be very important to the overall health of this market.
I think it shows a lot of speculation.
If that is a parabolic top they end badly.
Many think this is about the budget but I think it is QE and the failure of it .

 More signs of what could be real danger.I think this the start of a major drop if support fails.
The market is looking real tired.
I want that 5% to 10% correction to happen
so we can fresh up the charts.

Mid to late Oct is my target for that low.
We are not oversold here, not that the market can't rally but it would be better to fail now.

The red line on the Aroon moved up today a sell signal or the damn thing is running late.

Even the ADX has a divergence with lower peaks.

If we break here it won't be pretty.


Today Friday close, we rallied all day, just about the opposite of last Friday where we fell all day.

50 DMA is all we got to hold us up and that can pop fast.
Look out below!!