Saturday, October 31, 2009

10/30 - stage 4a

SPX - no support


SPY - no support


10/30 - qqqq...support near



XLF - support


UUP - stage 3

Thursday, October 29, 2009

10/29 - stage 1a

SPX - bullish?


SPY - no longer bearish


DJIA - bullish


XLF - trendline holds


UUP - continued weakness possible in dollar


  • have to admit, today surprised me
  • didn't expect such a big move so soon...
  • now, i feel 50/50 that we can fall huge tomorrow or just consolidate (which is the bullish scenario)

Wednesday, October 28, 2009

10/28 - stage 4b

SPX - broke trendline


SPY - bearish


IWM - 2x top confirmed...very bearish


MDY - right at the 2x top support, bearish divergence


XLF - bearish divergence, support


GS - broke down..bearish


UNG - no support in sight


UUP - broke 30ema...more to go before good resistance


VIX - should hit resistance before stopping

Tuesday, October 27, 2009

10/27 - stage 4b

SPX - still pulling back


SPY - consolidating within a stage 4


IWM - not support yet


UUP - resistance is here...

10/26 - stage 4a

SPX - time for buyers to come back?


SPY - stage 4


IWM - no support yet


VIX - solid stage 2...

Saturday, October 24, 2009

10/23 - stage 3

SPX - resistance


SPY - stage 3


VIX - stage 1

Friday, October 23, 2009

10/22 - stage 3c

SPX - bullish?


SPY - side



IWM - ascending triangle?


XLF - back to stage 3


VIX - stage 1

Thursday, October 22, 2009

10/21 - stage 3c

SPX - pulling back....to support?


SPY - still sideways in my opinion...but close to breaking down


XLF - broke down...stage 4


VIX - back above 30ema...resistance tough here

Tuesday, October 20, 2009

10/20 - stage 3c

SPX - no resistance


SPY - bullish stage 3


IWM - resistance coming from here and holding


XLF - bearish sector sideways


UUP - dollar up, commodities down

10/19 - stage 2c

SPX - tight range when zoomed out


SPY - bullish channel


XLF - stage 3...laggard


IWM - 2x top? no new high...resistance point


ETFs - materials, industrial, and energy leading last 5 days, financials big laggard


HEAT - financials weak in some spots...


  • things remain bullish but IWM gives me reason to think this might be the top for the market in atleast the short-run...
  • if IWM breaks above to make a new high and XLF breaks out of stage 3 consolidation on the 30min, we will be much much more bullish than now...
  • looking toppy as i look at these charts...