Saturday, January 30, 2010

1/29 - stage 4b

SPX - breakdown on big volume


SPY - breakdown of support...


XLF - range still


VIX - range


  • i find it very weird how market indexes look bearish but chart of XLF and VIX don't show it...bullish divergence i guess

Thursday, January 28, 2010

1/28 - stage 4a

SPX - wave C fall coming


SPY - looking ready to go lower


XLF - stuck at h+s neckline


UUP - going higher


VIX - sym triangle

Wednesday, January 27, 2010

1/27 - stage 1a

SPX - bull reversal candle


SPY - strong resistance above but stage 1 barely


SPY 10" - textbook 2x bottom today


XLF - right at resistance now...well above 30ema


VIX - failed bull flag, now trying to hold support


ETFs - big separation between gainers and commodities that were weakest

1/26 - stage 4c

SPX - support holding but prob will fall..candles show weakness


SPY - rectangle pattern holds below 30ema


RKH - same rectangle but broken today to the downside


VIX - bull flag formation


ETFs - weakest sectors during decline are back on track as the laggards


  • overwhelming technical proof that we will fall hard that can start as early as tomorrow
  • but always be cautious as FED might chance everything tomorrow...

Monday, January 25, 2010

1/25 - stage 4b

SPX - weak pullback...shouldn't amount to much


SPY - looks ready to go lower


VIX - wave 5 still coming


ETFs - weakest sectors get a dead cat bounce imo

Friday, January 22, 2010

1/22 - stage 4

SPX - fell hard...will it pullback first before more devastation?


SPY - can only try to predict where support might come in...don't see any on this chart..108.5 is 161% of wave A


SPY 2 month hourly - elliot wave count can go 1 of 2 ways here...here u see that some support is near 108.5


DJIA - broke all kinds of strong support on heavy volume


RKH - broke down from 3x top...crazy...bearish


ETFs - now we have all 3 major sectors as laggards...tech, xlf, and xle

1/21 - stage 4a

SPX - at support after big selloff on big volume


SPX elliot - diagonal triangle breakdown


SPY - bearish...thinking sidetrade to resistance and thats it


SPY 60" - 3x top...should break support eventually


XLF - retest of breakdown...should keep going down


RKH - relative strength here...rectangle and strong support still


VIX - no resistance left


ETFs - materials and financials worst...thats bad for the market


  • huge selloff on huge volume...main question is....is the selling done for now?
  • thinking we sidetrade for atleast tomorrow as we digest the move.
  • volume means that emotions got people selling so calmer minds and level headed long term investors are left...should be quiet because of them

Thursday, January 21, 2010

1/20 - stage 3c

SPX - support held


SPY - can it go back to the top?


SPY point & figure chart 30min - total consolidation range



DIA - fell below support today...laggard of indexes


XLF - consolidating still


UUP - resistance but break above trendline resistance


VIX - rectangle too


ETFs - full rotation out of commodities now and back into financials and staples

Wednesday, January 20, 2010

1/19 - stage 3c

SPX - bounce from trendline but stopped at resistance


SPY - resistance...prob not broken immediately if at all


QQQQ - same resistance in all indexes


UUP - near able to break above to make a higher low and reversal


TLT - if bonds fall, stock market is supposed to like it


VIX - breakdown of triangle but support holds