Wednesday, March 28, 2012

NYSE....'walks like a duck, quacks like a......

NYSE: Daily Close @ 03/27/2012

A correction still 'in play'?
Certainly from a historical perspective, it's doing what previous corrections have done, even though we're back testing the highs.
7900 possible?

Friday, March 23, 2012

A correction of sorts......even for the Nasdaq

NASDAQ Composite: McClellan Oscillator @ Close 03/22/12

More of a 'stalling' than a correction, Apple still having a large effect upon not only the indices (S&P500/ NDX100), but also the internal readings of the market.

Monday, March 19, 2012

NYSE: New Highs....and yet.......

NYSE Summation Index: Close 03/16/2012

Curiouser & curiouser........the Summation Index is in 'down' mode, with the Oscillator below Zero....and all whilst the market sits @ new highs?

Wednesday, March 14, 2012

A 'trap' alright...even Taleb owns stocks (!).

NYSE Daily Chart & Summation: Close 03/13/2012

Greece scores an 'upgrade', the FED gives the 'all clear', Gold drops (as it should) and Taleb goes on CNBC to reveal he owns stocks, 'cos there's no alternative.

Strange days indeed.

Tuesday, March 13, 2012

NDX100: Absolutely 'flat' Close on lowest Volume YTD

NDX100 Daily Chart: Close @ 03/12/2012

What with the McClellan (@-8) back below the Zero line and Apple closing @ a record high ($552), but no 'cigar' for the NDX100?

The VIX finally 'prints' below 16% @ 15.64 and perhaps the 'trap' has been set?