Breadth closed nearly 3:1 positive Wednesday despite the weak finish, sending the cumulative breadth line into new highs. But despite the positive breadth, volatility indexes were notably firm. While VIX declined slightly, note that both the VXO and VXN settled higher. When volatility…
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Jul
01

Signal Summary for July 1st, 2009

By Rennie on Wednesday, July 1st, 2009 at 9:57 pm

Signal Summary for July 1st, 2009 available to subscribers only.
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Jul
01

End-of-day Datasheet & Charts for July 1st, 2009

By Rennie on Wednesday, July 1st, 2009 at 8:09 pm

Charts updated through July 1st – http://markettells.com/charts/
Datasheet updated for July 1st – http://markettells.com/data/

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This morning’s rally pushed the S&P500 just above the previous session’s high, marking the sixth consecutive session of higher highs. This price pattern has been a fairly reliable indication of…
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Jun
30

Intraday Update (OEX Breaking Down Following Oversold VXO)

By Rennie on Tuesday, June 30th, 2009 at 11:40 am

The table below highlights performance of the OEX when it breaks below the previous day’s low (as it did this morning) and the VXO closed…
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Jun
29

Signal Summary for June 29th, 2009

By Rennie on Monday, June 29th, 2009 at 9:44 pm

Signal summary for June 29th, 2009 available to subscribers only
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Jun
29

Intraday Update (New 52-week Highs Lagging)

By Rennie on Monday, June 29th, 2009 at 2:06 pm

When the S&P gains over 0.75% and makes higher highs and higher lows, you don’t typically see a drop in the number of new 52-week highs. When this does occur, it’s often…
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Jun
29

Russell Rebalancing Triggers a Surge in Volume

By Rennie on Monday, June 29th, 2009 at 1:32 am

Volume spiked higher late Friday due to the Russell rebalancing. We already discussed the short-term…

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Jun
28

Signal Summary for June 26th, 2009

By Rennie on Sunday, June 28th, 2009 at 4:03 pm

Signal summary for June 26th, 2009 available to subscribers only.
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Jun
26

Intraday Update (Tight Range Spells Trouble)

By Rennie on Friday, June 26th, 2009 at 1:50 pm

S&P500 currently trading in a tight 7-point trading range. If the S&P remains range-bound heading into the close, it will trigger a short-term sell signal at today’s close. Historically, it’s a short-term negative sign when…

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Disclaimer

Comments, data and trading signals herein are for informational purposes only and are not recommendations to buy or sell. All information presented is believed to be accurate but is not guaranteed.