SOX rejected at previous channel support:
while IWM retests key support level:
Market Breadth Data******************************
Friday, August 30, 2013
Thursday, August 29, 2013
SPY and R/R Osc.
Wednesday, August 28, 2013
SPX and Bull/Bear Index
Bull/Bear index approaching oversold levels, consistent with a sell the rumor, buy the news scenario:
Market Scan
There have been many requests to include a scanning tool in our apps. Although with current ios technology it is not feasible to scan large numbers of stocks in real time, we are working on implementing a solution.
The other issue is that we don't believe in indiscriminate scanning. There are dozens of scanning tools on the web which produce thousands of stocks each day. Therefore, picking the right one becomes a daunting task. We rather prefer targeted scanning, which takes into account current market conditions. During the next few weeks we plan on introducing several scans, some of which will later feature permanently in our scanning engine.
Today we start with a very short list of stocks. These are the 3 stocks, among the Russel 1000, which showed signs of strength, backed up by volume, with the potential of starting a new upswing (there are several strong Russel 1000 stocks which are already in an upswing and, therefore, are not included in the scan):
MRO, DTV, FMC
For questions, comments and suggestions, please use the Contact us form.
The other issue is that we don't believe in indiscriminate scanning. There are dozens of scanning tools on the web which produce thousands of stocks each day. Therefore, picking the right one becomes a daunting task. We rather prefer targeted scanning, which takes into account current market conditions. During the next few weeks we plan on introducing several scans, some of which will later feature permanently in our scanning engine.
Today we start with a very short list of stocks. These are the 3 stocks, among the Russel 1000, which showed signs of strength, backed up by volume, with the potential of starting a new upswing (there are several strong Russel 1000 stocks which are already in an upswing and, therefore, are not included in the scan):
MRO, DTV, FMC
For questions, comments and suggestions, please use the Contact us form.
Tuesday, August 27, 2013
Monday, August 26, 2013
Saturday, August 24, 2013
Friday, August 23, 2013
Thursday, August 22, 2013
Wednesday, August 21, 2013
SPX and Square of 9
After 4 days of dancing around it, SPX closing on the Sq9 level ahead of the release of the FOMC minutes:
Monday, August 19, 2013
Friday, August 16, 2013
Thursday, August 15, 2013
AAPL Pivots
AAPL started and finished the day at the pivot line; the rest of the day was spent bouncing between R1 and S1:
(Chart courtesy of OT Pivots)
(Chart courtesy of OT Pivots)
Monday, August 12, 2013
Friday, August 09, 2013
Wednesday, August 07, 2013
SPY and AAPL Pivot Lines
SPY found support at the S3 level, and traded most of the day around the S2 level:
You can track these levels on your iPhone/iPad with OT Pivots, the newest member of the Oddstrader app family. For a limited time enjoy a very substantial promotional discount.
AAPL traded all day long between R1 and S1:
You can track these levels on your iPhone/iPad with OT Pivots, the newest member of the Oddstrader app family. For a limited time enjoy a very substantial promotional discount.
AAPL traded all day long between R1 and S1:
Tuesday, August 06, 2013
QQQ, IWM and VIX/SPY Signal
QQQ struggles to remain within the channel:
while IWM retreats below the breakout level:
and the VIX/SPX system gives a sell signal:
while IWM retreats below the breakout level:
and the VIX/SPX system gives a sell signal:
Monday, August 05, 2013
Friday, August 02, 2013
Thursday, August 01, 2013
SPY Breakout
Bona fide breakout on very strong market breadth:
although the broader index remains a little hesitant:
although the broader index remains a little hesitant:
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