7/30 - stage 1a

uncertain bull


SPX weekly - indecision range with 30ema resistance above..light vol pullback possible too


SPX - support from prior high?


SPY - still downtrend but well contained by bulls...support below


SPY 10 - range


DJIA - support from last high?


VIX - range here too


SPX candle - i feel the same way...near bullish but not confirmed yet

7/30 - eod scan

• getting more bullish..but still hard to trust the trend...
• need to be careful here despite some great bullish setups
  

7/29 - stage 4c

bearish trend...slightly


SPX - possible support here


SPY - still below 30ema and lower highs


DJIA - at support


XLF - above 30ema


JJC - very strong


UUP - bullish sign


VIX - range


NYMO - can go either way...no longer super overbought


ETFs - financials and energy strongest...thats bullish

7/29 - eod scan

• market big turnaround intraday...
• stuck in a rangebound area now...
• very risky time to buy...need to pick only the best stocks and keep stops tight
  

7/28 - stage 4a

bearish but market unstable


SPX - resistance


SPY - h+s


SPY - can go lower if we break support


DJIA - maybe we just pulling back before higher


VIX - above resistance with positive bounce


NYMO - think it needs to fall to near 0


ETFs - weird how materials and energy was leaders


CANDLE - sell signal

7/28 - eod scan

• should close at lows...broke support and failed on pullback towards it
• not many good setups
• no bullish setups
• we are overbought so this is just profit taking, not a reversal of trend
  

7/27 - stage 2c

scary time to stay bullish


SPX - resistance being felt slightly today


SPY 30 - still advancing


SPY 10 - ascending triangle...range today


JJC - fell below 30ema intraday...looks toppy


VIX - support was held at the close


NYMO - i see it falling much lower as we are in way overbought levels


HEAT - small caps lag, big caps strong


bubbles - more weaks than strong

7/27 - eod scan

• biggest concern to me is NYMO at record highs....this is like earnings in my book and worth getting out of any longs for profit..just not worth the big reversal that is bound to come...
• market is showing its stubborn side today...feels like the last leg of buying til we pullback
  

7/26 - stage 2b

bullish, and favorable technical trend


SPX - resistance near...light vol


SPY - just keeps going


SPY 10 - lil scare eod but closes at highs and above resistance


DJIA - above resistance therefore SPX has a good chance to break it tomorrow too


UUP - new low..bullish


VIX - near low


NYMO - way way way overbought...biggest reason to take rewards today or tomorrow...but maybe lil too early...no other technicals giving sell signal...