SOX and IWM Support/Resistance Test

SOX rejected at previous channel support:

while IWM retests key support level:

NDX Components R/R Osc. scan

Average for August 29th = 55%

SPY and R/R Osc.

August 28th OEX R/R osc readings, average @ 43%:



SPY with average OEX R/R osc values at recent swing highs/lows:

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.

$SOX Support

SOX targeting the gap support zone:

QQQ and Semiconductors

QQQ testing recent highs:

while SOX fighting to stay within the bullish channel:

Stock Market Seasonal Pattern

SPY, DIA and QQQ continuing to closely follow the seasonal pattern:

(chart courtesy of OT Seasonal)

NDX and Taper Talks

Despite the taper talks, NDX challenging the recent highs:

SPX and Square of 9

SPX gets drawn to the same Sq9 level all week long:

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:

SPX Overbought/Oversold oscillator

SPX in the oversold zone:

SPX and the Square of 9

SPX with Sq9 levels:

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)

AAPL Bull Flag

AAPL breaking out of a bull flag pattern:

SPX Ending Diagonal

SPX monthly showing potential ending diagonal:

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:

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:

SPY Support

SPY testing the breakout level:

SPX Channel

SPX hugging the top of the weekly channel:

AAPL Channel

AAPL breakout attempt:

Index Divergence

Qs leading the way up:

Russel hesitant to follow:

SPY Test

So far an inside day and a breakout level test:

SPY Breakout

Bona fide breakout on very strong market breadth:

although the broader index remains a little hesitant: