A BIG test on the Institutional Index’s “core holdings”?

TweetBelow is a Point & Figure chart of the Institutional Investor “core holdings”. What to observe … Note how the “core holdings” ended last Friday … up against and testing the red resistance line. What does it mean for the red resistance line to be tested?  First ask why haven’t the the Institutional “core holdings” […]

Testing the resistance lines on the NYA and IWM Indexes

TweetRemain Cautious? We are still close to testing the resistance lines of two important indexes … the NYA (NYSE), and the IWM Index. Here’s the issue … if the indexes move through their resistance lines, then we are either starting a new up trend or we will have to deal with the issue of maintaining […]

We are close to testing the resistance lines of many indexes.

TweetBe Cautious … Why? Because we are close to testing the resistance lines of many indexes. Here’s the issue … if the indexes move through their resistance lines, then we are either starting a new up trend or we will have to deal with an issue of maintaining any up movement. The chart below shows […]

This chart does not do justice to the current market conditions …

TweetBe very Cautious … This chart does not do justice to the current market conditions, so be very careful. Today’s Chart … We are now in a very high stress condition.  The Institutional Index, the SPY, and the NDX./QQQ, were above their  horizontal resistance lines.    The NYA and the IWM were below their horizontal […]

Dangerous Index conditions?

TweetFive key indexes and their action …  We are now in a very high stress condition.  The Institutional Index, the SPY, and the NDX./QQQ, were above their  horizontal resistance lines.    The NYA and the IWM were below their horizontal resistance lines.  The negative?  The Institutional Index, the NDX/QQQ and the SPY were all trending […]

Dangerous Index conditions?

TweetFive key indexes and their action …  We are now in a very high stress condition.  The Institutional Index, the SPY, and the NDX./QQQ, were above their  horizontal resistance lines.    The NYA and the IWM were below their horizontal resistance lines.  The negative?  All of the indexes were moving lower.

Five key indexes and their action …

TweetFive key indexes and their action …  The Institutional Index, the SPY, and the NDX./QQQ, were above their  resistance lines.  The NYA Index, and the IWM both were both below their resistance lines.  – Note that the NYA closed above its down trending resistance line yesterday while the NDX, the SPY, the IWM, and the […]

Remember the old adage of “The trend is your friend”.

TweetThree out of five of these indexes were above their resistance lines (see the chart below).   The other two (the NYA Index and the IWM were below their resistance lines). BUT .. all five were in a technical down trend.  Note that I drew blue resistance lines on each of  the five indexes. Remember the […]

$NYA and $IWM Indexes were below their resistance lines.

TweetThree out of five of these indexes were above their resistance lines.   The other two (the NYA Index and the IWM were below their resistance lines. What could be of a concern is that these two indexes were also in a down trend and the NYA Index (NYSE) is a big kahuna for Institutional Investors. […]

What is happening to the Majority of the Indexes?

TweetSurprise … when you look at at a combination of the Indexes, you will find that we have moved from 1 in 5 to three in five indexes that are above their resistance lines. As of yesterday, the NYA Index, and the IWM index were still below their resistance lines. Is there anything more important?    […]