What are the 5 key indexes doing now?

TweetOn the chart posted below … The Institutional Index, the SPY, and the NDX./QQQ, were above their horizontal resistance/support lines. The IWM was below its thick black resistance line. The NYA was below its thick black horizontal resistance line. The IWM (the ETF for the Russell 2000) is the concern now.  This is the weak […]

Chart of the 5 key indexes, showing down trending or no?

TweetAs of last Friday’s close, the trend had not yet shifted to a down trend yet as seen in the chart below that shows 5 key indexes. (Struggling yes, but down trending no.) The Institutional Index, the SPY, and the NDX./QQQ, and IWM were above their  thick black horizontal support lines. The NYA was below its […]

The predominant trend has not yet shifted to a down trend yet

TweetToday’s update is as of last Friday’s close … The predominant trend has not yet shifted to a down trend yet as seen in the chart below that shows 5 key indexes The Institutional Index, the SPY, and the NDX./QQQ, were above their  horizontal resistance/support lines. The NYA and the IWM were below their thick […]

A Resistance Level to Watch on the NYA

TweetDuring this past week, the NYA Index made no progress and essentially moved sideways for a week. What is concerning are the thick red lines on the chart below because there is a negative divergence coming from the MACD for the same periods of time.   When looking at the chart below, also note that there […]

A Resistance Level to Watch on the NYA Index?

TweetToday, we are posting a daily tick chart of the NYA Index.     What we would like you  to observe is the open gap that still remains open at 10561.79 on Thursday’s close of 10489.76. That 10489.76 close was 0.686% away from closing its gap.  If it wasn’t for the June 23rd. close being a bit […]

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.