Thursday, September 17, 2015

NYSE: GAPs above still in need of 'fills' before the Storm recommences?

NYSE Daily Chart @ Close 09/16/2015
With the impatient Bearish types in search of any clue to justify immediate & further losses; the simplest (& most objective) view was to respect the upside GAPs (created on the Down- side Spill) to be in need of requisite 'fills' before the rot sets in again?
Consistently elevated Put/ Call Ratio #'s have been the 'clue' to being biased a retrace of such losses.
The now 'bag full' of Down- Side Insurance being accumulated MUST bias one's view to 1830 holding; should we indeed get there & beyond that 1675 being a Buying Opportunity of potentially Strategic consequence & NOT just Tactical?

Thursday, September 10, 2015

S&P500 Correction Part I likely past; now the hard part........

S&P500 Daily Chart @ Close 09/09/2015 
The Correction; thus far to 1867 & shy the 1830 Support (favored targeted zone).....would appear to be in 'respite' mode...for now.
Previous precedents teach us that the next few weeks (days?) likely to be the 'eye of the storm' before the true intents of this much heralded Technical Correction play out.
Chinese developments have been our  (THEWEEKLY) Focus #1 since 2015 started; matters there instrumental in 'what happens next' globally & for Risk Assets.
(THEWEEKLY subs remain 'seated' with their JPY & for now...relaxed)