Thursday, December 12, 2013

Small Caps 'failed' against the late- November High.........

S&P600: Small Caps Daily Chart @ Close 12/11/12
Wednesday's close @ just above the 50day SMA after a failure to take out November's High print @ 659.36 portends 'poorly' for the broader market.
Santa's helpers better arrive soon & get the 'festival' rally underway soon or else the Grinch could steal the holiday spirit & 2014 may well be an unlucky '14' one???

Thursday, December 5, 2013

S&P500 holds @ 1780 Support; another run @ the Highs?

S&P500 Daily Chart @ Close 12/04/2013
As per THE WEEKLY; Support @ 1780 has held the selling in check (for the moment); coincident with a rather nice Candle Stick Daily formation.
Another run into new high ground above 1813.55 now the 'risk'.
NFP's this Friday of course the likely 'fly in the ointment' for any Short- Term Tactical trades.

Sunday, November 24, 2013

NDX100 Correction: patience of just plain stubborn?

NDX100 Daily Chart @ Close 11/22/2013
Ongoing Negative Divergence lends itself to caution if not outright Bearishness for the NDX100.
Previous instances have proven to signal the onset of sharp corrective moves lower in both June & October.
Same again this time or just wishful bearish thinking?

Tuesday, November 19, 2013

'Holy schizophrenia' Batman! QE to destroy Gotham?

NDX100 Daily Chart @ Close 11/18/2013
Constant 'warnings' that this Rally may be terminal abound; when exactly QE 'FOREVER" goes from being the 'stable' prognosis to 'CRITICAL' now just a matter of time?

Friday, November 8, 2013

SMALL CAPS showing due respect to the Technical set-up...lower

Small Caps Index @ Close 11/07/2013
Unlike the narrowly 'owned' Dow Industrials; the more representative Small Caps (S&P600) & the NYSE Index for that matter, have failed to score new highs & remain firmly under the influence of the Negative Technical Set- Up witnessed last week.
Friday's Non- Farm Payrolls sets the scene for a Short- Term 'respite' or further follow through lower....one which may well accelerate as QE goes on forever & a day yet fails to garner any additional 'followers'?