Market Breadth Data******************************

Friday, August 29, 2014

$SPX Measured Move Target

SPX close at 2003 ('87 - '00 measured move price target) and 2003 days since 3.6.2009










with weekly liquidity reaching overbought levels:







However, the daily overbought/oversold indicator is in oversold territory:








which means that upward pressure should be expected within the next few days.

$IG Breakout from Base

Zacks decided to downgrade IG right after it broke out from a huge base, and now is backpedaling quietly, hoping nobody will notice:



Thursday, August 28, 2014

$FB Channel and Trend

FB gap down below support at the lower channel line:










Next support at $71.5

Wednesday, August 27, 2014

$FTSE and $DAX Channel and Trend

Nice recovery on the heels of the SPX rally but facing tough overhead resistance:










The German Dax not faring as well, more reminiscent of the Russell 2000:










Tuesday, August 26, 2014

Monday, August 25, 2014

Saturday, August 23, 2014

Friday, August 22, 2014

$FB Channel and Trend

FB just finished navigating from one end of the channel to the other.
Support at the lower channel line.
First target at $77.5:




Thursday, August 21, 2014

$SPX Breakout Channel

First breakout attempt to new highs from a very narrow and steep channel. Following a trajectory similar to the August '13 upswing:










while the broader indices continue to languish:


Wednesday, August 20, 2014

$SPY Symmetry

SPY following the 1 x 1 angle first on the way down and then on the way up:










(chart by OT Signals)

Tuesday, August 19, 2014

$SPX As Good as it Gets

According to this study, everybody is in and a sideways/down phase should follow:


$SPY Channel and Trend

The current upswing has exceeded the average swing time, but price continues to hold above the 1 x 1 angle:

 (source: OT Signals)

Monday, August 18, 2014

$SPX Squaring Price and Time

It has never been easier to square price and time than with OT Signals.
It's all done with one click/tap:


$QQQ and $IWM Trend

While the Qs are making new highs:










Russell 2000 is stuck between support/resistance levels:


Saturday, August 16, 2014

Yahoo finance data problems

Yahoo has been experiencing data problems since Thursday but keeps quiet about it. This link sums-up the frustration of many.

$SPX Channel and Trend

SPX closing on key 1955 support/resistance level for the second day in a row:


Friday, August 15, 2014

Quote Problems

Our data provider is experiencing technical problems.
Once we find out the exact reason for the absence of quotes we will make the necessary adjustments.

Thank you for your patience.

Thursday, August 14, 2014

$SPY Price Swings

Recent SPY swings following the same rate of ascend and descend:





$SPX Channel and Trend

SP500 continuing to follow the 2 x 1 angle and approaching the key 1955 level:








PS The data provider is experiencing issues with quotes affecting everybody. We hope they'll fix them soon.

Wednesday, August 13, 2014

$SPX and Market Breadth

SPX close at swing target and 2 x 1 angle. Support at the 1 x 1; market breadth (bottom indicator) reaching overbought levels:


$SPX Trend and Support

Support for the SP500 is provided by the 1 x 1 angle at 1927.5:


Tuesday, August 12, 2014

Monday, August 11, 2014

$IWM Channel and Trend

Russell 2000 bouncing between support/resistance lines, still holding above the 1 x 1 swing low angle:


$SPX Angles and Trend

In a show of strength the SPX broke above the 1 x 1 down-sloping angle and is testing first resistance at the August 4 high; next resistance at 1955:


Sunday, August 10, 2014

$GLD Price and Time Targets

Technical analysts are often accused that they can provide price or time targets, but never both. With OT Signals, you can accomplishes both tasks with a click of the mouse (or a tap of your finger):



Friday, August 08, 2014

$BID and Liquidity

The liquidometer continues to spiral downwards after reporting a 15 % drop in second quarter profits, lower than market expectations:


$SPY Trend and Resistance

SPY needs to climb above $193 to demonstrate any signs of strength:


Thursday, August 07, 2014

$SPX Channel and Trend

E-mini remains in a vulnerable position below the 1 x 1 angle:


Wednesday, August 06, 2014

$BID at Critical Juncture

BID is at a critical juncture: right below key resistance, but holding above the 1 x 1 angle (which is a sign of strength), and in the process of breaking out from the down-sloping channel.
With support/resistance levels so close by, and a conference call on Friday, August 8th, the next few days should shed additional light on the state of liquidity in the market:


$IWM Channel and Trend

Russell 2000 still holding above channel support while the major averages registered new swing lows:


Tuesday, August 05, 2014

$IWM Channel and Trend

In a surprise twist the Russell 2000 outperformed (declined less than) the major indices today, but still remains in a vulnerable position:


$SPY Trend and Angles

SPY remains in a week position as long as it remains below the down-sloping 1 x 1 angle and the pivot line:


Monday, August 04, 2014

$QQQ Trend and Angles

QQQ stopped at the pivot line and below the downtrend angle. A break above these two levels will signal that a new upswing is starting:


Saturday, August 02, 2014

$SPX Weekly Bulls and Bears

The Bulls/Bears ratio hasn't tested the 50% level since 2012, and has broken below 75% only once since then:


Friday, August 01, 2014

$DJIA and Summer of '97 and '98 Financial Crisis


A trip down memory lane

Exhibit A: Asian financial crisis, July '97







Exhibit B: Russian financial crisis, August '98







(charts provided by OT Signals)

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