Friday, January 25, 2013

The 'Apple' has fallen; how about the 'Tree'?

S&P500: Daily @ Close 01/24/2013
Busy but important chart: note the previous occasions when the DMI/ADX (Trending Indicator) has witnessed the ADX @ a '25' reading & rising (in either trending direction)? The most recent 2x's have marked a High in mid- Sept. 2012 heralding a near 9% correction over the next 2 months.
That Correction/ Decline was 'arrested' when the ADX again pierced the 25 level (this time the 'Trend' was Down), and THAT marked the mid- Nov. Low @ 1343; initiating this Rally of some 10%...back above the Sept. 2012 High.
Caveat Emptor; no?
Thursday's  Large Range Indecisive Day providing the near perfect 'back- drop' against which to tactically position oneself.

Sunday, January 20, 2013

Apple (AAPL): "how far from the tree....?"

AAPL Monthly Chart: @ Close 01/18/2013
As both the largest component of the NDX100 & S&P500, where Apple goes...can the market be far behind?
The last 'Sell' Signal; basis the MACD resulted in a 50%+ loss of value for Apple (> $200/ < $100).
Same again & $350 ($700 high) may be upon us sooner than most could/ would imagine?
That happens & where will the broader 'averages' be?

Sunday, January 13, 2013

NDX100: McClellan Oscillator warning?

NASDAQ: McClellan Oscillator as @ 01/11/2013
Only a warning; or is it the Apple influence?
The McClellan Oscillator is Negatively Diverging (2nd chart) against the NASDAQ Index as higher highs in price has not been complimented by higher highs on the Oscillator; quite the opposite in fact.
Caveat Emptor @ these levels?

Wednesday, January 9, 2013

NDX100: 'GAP' fill attempt or a 'Dobie Gillis' pause?

NDX100 Daily Close @ 01/08/2013
Metaphorically; is this a 'meaning pursuit' in closing the GAP @ 2665.73 left a week ago; Monday Dec 31......or a 'disposable pleasure' consolidating the fast gains before another lurch higher?

Tuesday, January 1, 2013

Fiscal Cliff 'avoided'........back up we go?

NDX100 Daily Close 12/31/2012
Reversal day UP negates the negativity of the short-term technical set-up which had called for lower levels.
Stunning gains off of the overnight futures losses as the Senate 'makes nice' on 'cliff' avoidance, will the House 'take the bait' & break their pledge?