April Charts Part I
April 15, 2016
$AAPL: A trend line study
$NYSE: Back to 2007 highs
$BPSPX structure watch:
OPEX chart updated:
$SPX GAAP P/E closed above 24 yesterday:
April 14, 2016
Closing Print: Much ado about nothing today. Stocks closed flat and rejected a move higher resulting in a black candle on the $SPY and the $DIA. Tomorrow is OPEX and more central bank talk overnight & into tomorrow. Markets keep ignoring all negative divergences. For now.
$NQ futures updated:
New highs on negative internals: $NYAD vs $SPX
$VIX monthly structure watch:
Updated OPEX chart:
Divergence: $SPY vs $IWM
April 13, 2016
For latest market analysis please see: Feed the Monster
Closing Print: 11 consecutive green 4 hour candles on the $ES pushed the $ES to close 4 points above last week’s highs. It’s OPEX week and the February rally remains technically uncorrected.
Both $DJIA and $ES are showing negative RSI divergences on the charts:
$NYSE weekly: Key MA reconnect
$VX futures at their lowest since the August flash crash:
Updated $SPY OPEX chart:
April 12, 2016
Closing Print: Turnaround Tuesday on an OPEC production cut rumor.
As it stands $RUT is below its October 2013 highs still facing major overhead supply.:
$INSAX, insider buying vs $SPX
$XVG value line geometric index updated:
April 11, 2016
Closing Print: $SPX failed to recapture its 5EMA and 8MA for the 2nd day in a row. Fib levels and MA support zones below:
$VIX vs $SPX:
$SPX GAAP earnings are nearly back to 2007 levels. $SPX was in the 1500’s then:
M1 money supply has printed a new all time high:
April 4, 2016
For the latest market analysis please visit: Keeping it Real
We’re off until April 10, have a nice week.
$VIX weekly structure comparison:
Cumulative advance/decline has reversed at last year’s highs: $NYAD
Mella’s $VIX chart is better than mine. Also her $BPSPX chart:
$RSP vs $SPX negative divergence:
April 2, 2016
Nasdaq new highs vs new lows:
April 1, 2016
$NYAD versus $SPX: Quite the tale…
$SPX closed 0.5 handles above Wednesday’s Janet Yellen’s super dove speech highs in another Friday session that ignored global markets selling off.
RSIs remain highly overbought and money flow has negatively diverged. The rally remains uncorrected.
Ryder Bullish/Bearish allocation study
$SPY: On black candle watch
#DAX. The Yellen rally was sold, squarely below 10K again:
Pre NFP $NQ chart: