Markets Macro Technicals Sven Henrich

November Charts Part II

Click here for previous 2015 Charts

November 30, 2015

Closing print: $SPX has gone nowhere since October 30 and, well, December 2014 for that matter. MACD shows a failed crossover and RSI has turned south:

SPX arch


Why are the banks not excited about a supposedly coming rate hike? Or are they?

BKX


$NDX versus $COMPQ:

NDX versus $COMPQ


$TF weekly. Weekly 50MA and .618 Fib confluence

$TF weekly


$IWM:

IWM


$BPSPX:

BPSPX


Update on internals:

NAHL NYA200 SPX 2-0


November 29, 2015

Updated monthly charts:

SPXM COMPQM NDX M NYSEM AMZN M GOOGL XLFM MSFT M


November 28, 2015

Updated weekly charts:

SPX W DJIA W IBB W NYSE W RUT W SPX 100 XLU W


November 27, 2015

Markets front running Draghi’s new QE program, destruction of Euro and metals and levitation of DAX.

Divergences everywhere:

EUR GOLD DAX


November 25, 2015

Closing Print: $SPY RSI flat lines as volume shrinks:

SPY


48% of $SPX 500 stocks remain below their 200 MA. The trend: Lower highs

200 AR


Casualties in 2015: $TRAN & $XLU

TRAN XLU

$HYG during this latest rally:

`HYG


$BPSPX:

BPSPX


EUR/USD:

EUR:USD


$SPX: Dancing around the arch. Price now the same as it was same time last year.

SPX A


Monthly $ES versus RSI.

ES


November 24, 2015

If you missed: Latest thoughts on the tech sector in: Tech Dreck

Closing print: $SPX bounced off of its weekly 5EMA and still is on the 2014 script it appears. Small caps bounced the most and rejected at their upper wedge trend line:

IWM SPX W


$WLSH weekly: Key time

$WLSH weekly


$SPY: Black candle magic and wedge break (see also chart on Monday):

SPY


One hell of a chart: $NDX. I’ll do a more expansive post on it a bit later today:

NDX


updated signal charts:

BPSPX NYAD HL


November 23, 2015 

Closing print: Lower highs remains the trend for now:

$SPX $DJIA


$RUT failing the weekly 10oMA again:

RUT W


2 leaders are not leading:

AAPL GS


Channel surfing: $COMPQ, TRAN, $IWM

IWM COMPQ TRAN


$SPY: Black candle on Friday:

SPY

Without a break of the daily 200MA a potential path toward $SPX 2175 could open up:

RM

Draghi to announce more QE next week? So far we have a negative divergence:

DAX


November 22, 2015

Updated signal charts:

NASI NYHILO 200 A D USHL

NASI

div

NYSIW

November 21, 2015

From CNBC: 

‘The S&P 500 finished Friday up 3.3 percent at 2,089, its best weekly performance since October 2014′

Ironically the best week since October 2014 comes with a structure that looks like a precise replay of the October/November 2014 rally including virtually the same price levels:

spxw

What CNBC doesn’t tell you is this best weekly performance also comes with an ever widening negative divergence versus equal weight:

RSP

Consensus remains that we will see a massive year end rally, one can’t lose this time of the year so the marketing goes.

Perhaps. $SPX is only 2% below all time highs after all. So another central bank nudge somewhere certainly could easily create another price surprise. As it stands however a number of sectors continue to have major issues getting above key weekly moving averages, which is to say: Most stocks and actually the vast majority of the entire stock market. But they don’t say that on the TV:

XLU WLSH RUT NYSE XLF IBB

Here’s looking at you MoMo, we’ll always have $FANG ($FB, $AMZN, $NFLX, $GOOGL).


November 20, 2015

OPEX magic. Q.E.D.

OPEX

More charts this weekend.


$NYSE monthly remains a fascinating chart:

NYSEM


$GOOGL chase:

GOOGL


$NDX versus $COMPQ: $NDX made new highs recently. $COMPQ did not. Add it to the list of divergences:

NDX COMPQ


I won’t come here and say I traded this perfectly, but here’s the evil plan I outlined to members on Monday:

OPEX1

But here is is now:

OPEX2

The shenanigans of OPEX. What can one say.


Updated signal charts:

div 200AR NYAD NYSI


November 19, 2015

Don’t want to be the Scrooge amongst all the bullishness, but I’ll keep pointing out the red flags:

$RUT lagging big time and $JNK further diverging:

RUTW JNK


Why bulls NEED new highs in 3 charts:

Large cap $OEX versus RSI:

OEX

$COMPQ RSI and money flows:

COMPQ

versus equal weight geometric $XVG:

XVG

The message: Something is off.


$NYAD vs $SPX: One is lying

NYADD


$SPX is consolidating where? Probably just a coincidence (wink wink), but right there:

SPX


$VIX gap filled today:

$VIX


90 handle rally with this equal weight divergence:

RSP


One more time: It’s not Paris, Greece, China, Ebola, Fed rate hike or not hike, etc. Nothing matters but OPEX:

$SPY


November 18, 2015

There are several certainties in life. One is that the $VIX gets crushed on $VIX futures roll-over day and stocks rally as a result. BOJ next overnight:

SPX VIX


The dance with the 200MAs continues. Fed minutes next:

DJIA SPX


Updated signal charts:

HL

NASI NYSI BB


November 17, 2015

$SPX rejected at both the daily 200MA and the weekly 50MA today:

SPX W SPX D 200


Surely things have gotten better with the big rally? Maybe not:

$RSP

RSP


$NYAD dropping hard from the open:

NYAD


Confluence of 8MA and 200MA hit:

SPX D


Replay of 2014? Same Fib tag and bounce. One difference: The relationship to MAs. $ES has tagged its daily 200MA in overnight:

SPX W

ES


November 16, 2015

Nothing is more bullish than a recession in Japan coupled with a terror attack, keeps central banks easy. All joking aside, today was a technical day. Overnight the tag of the 50MA served as a buying opportunity, the close brought a tag of the daily 5 EMA. Red today? The $BPSPX:

SPX BPSPX

Uncle Warren is not the only one selling stocks:

INSAX


$ES remaining a picture of symmetry:

ES4 hr


Recommended read: Chart Lessons from a Pain in the Ass

$SPX arch update: Imagine that 🙂

SPX


$SPY is full of gaps:

SPY

Updated signal charts:

BPSPX NYSI NYHILO

Click here for previous 2015 Charts

The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
Home AboutDisclaimerContact
Copyright © 2013-2017 NorthmanTrader
A Subsidiary of Capital Traders Ltd
The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.