A series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth.

Holiday Rally

December 17, 2013 1:32 pm / Published in Market Internals
Below there is a chart aggregating the SP500 December returns from 1982 to 2013. Keep in mind, no bull market ends with a high momentum top. The sentiment is still extreme, which implies the risk of a correction, and in this context we said and still think that the recent weakness/pullback was just the beginning

Holding 1773 & Market Internals

December 13, 2013 1:43 pm / Published in Market Internals, Market Update, SPX, SPY
The Market is holding the 1773 level mentioned yesterday. We changed me SP500 contract to ESH4 The is cash entering NYSE and Nasdaq which might help the market to trade higher the rest of the day. Next week we might see a slow recovery specially in the emerging markets. Bellow we can see the price

Market Update

November 25, 2013 12:32 pm / Published in Market Internals, Market Update, SPX
The market open again at all-time high and we saw lower prices the first hour. Now we are trading in a tight range with some resistance at 1808 Gold is down $3.50 at $1,241.10 an ounce. Crude oil is down $0.87 to $93.97 per barrel. The buck is lower. The dollar last traded at $1.3499

Market Internals

November 21, 2013 10:46 am / Published in Market Internals, Market Update
The Market Internals are showing positive volume coming in to the NYSE and Nasdaq at these levels. This is positive for the bulls because yesterday sell off this did not have a continuation; will analyzed the SPX price action as it trades higher

Market Update

November 7, 2013 10:56 am / Published in ECB, EUR, EUR/USD, GLD, Market Internals, Nasdaq
ECB unexpectedly cut its main benchmark rate by 25 basis points to 0.75%. Euro is falling against the dollar. Gold investors should take note that the reason behind ECB rate cut is fear of deflation. Today the market had an important gap up which we used to sell long term SPY positions. The marke internals

NASDAQ and SPY

October 30, 2013 11:50 am / Published in AAPL, Market Internals, Market Update, Nasdaq, QQQ, SPY
The Nasdaq and SP500 are negative for the day after the morning gap. The selling pressure continues, yesterday high did not hold. We will test yesterday low for a inflection point before the FED. The large spike on volume yesterday at the close did not continue today. NASDAQ 100 Heat Map