March 17 Quick Color Sector Strength Grid

Mar 17, 2015: 9:54 AM CST

With the market near all-time highs again, which sectors are the strongest and which are the weakest?

Let’s update our Color Sector Strength Grid and pinpoint broader trends and current leadership:

We’re seeing our Color Sector grid of the nine major AMEX Sector SPDRs (ETFs).

The top six sectors are classified as “Offensive” or Aggressive (bullish) sectors while the bottom three are the “Defensive” or Conservative sectors.

A quick glance shows us which sector just made a new high – it’s Health Care (XLV).

Health Care is closely followed by a strong performance in Consumer Discretionary (XLY) with Industrials (XLI) not far behind.

The color algorithm shows two sectors on a green bullish bar at the moment:  Financials (XLF) and of course Health Care (XLV).

All other sectors are flashing a red bearish bar, except Discretionary (XLY) which reveals a white neutral bar. Continue Reading…

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Big Rally Market Update and Trending Stock Scan March 16

Mar 16, 2015: 12:44 PM CST

Counting today, the last four trading sessions have reversed off clear divergences, and today’s session is just a continuation of this powerful pattern.

Divergences can be extremely important in planning and trading intraday market reversals.

Let’s update our key levels, highlight the divergence, and of course note trending stocks today:

Review a few posts from last week, paying specific attention to the divergences and (now) outcomes.

First, review Wednesday’s mid-day update for a real-time glance at the lengthy positive divergence at support and note the strong rally (here’s Thursday’s intraday update).

Also see Friday’s update for a clearer discussion of the “divergence into reversal” concept.

Members also had a deeper discussion of targets, inflection points, and likely price pathways that have been achieved over the last few sessions.

At this point, we’re following price into the 2,075/2,080 cluster as we see another negative divergence undercut the rally.

Will buyers shake up the market and break powerfully through 2,080?  If so, target a movement above 2,100.

Otherwise, if recent history repeats, the 2,075/2,080 cluster will be another resistance line ahead of a possible sell-signal under 2,070. Continue Reading…

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Stocks Falling Market Update and Trending Stock Scan March 13

Mar 13, 2015: 12:43 PM CST

Divergences can be extremely important in planning and trading intraday market reversals.

Momentum and – as I documented – TICK/Internal Divergences preceded both the support-bounce rally along with today’s sharp fall (sell-swing).

Let’s update our key levels, highlight the divergence, and of course note trending stocks today:

First, review Wednesday’s mid-day update for a real-time glance at the lengthy positive divergence at support and note the strong rally (here’s Thursday’s intraday update).

Members also had a deeper discussion of targets, inflection points, and likely price pathways that have been achieved over the last few sessions.

When price did as expected – moving up toward the 2,060 target (and actually peaking into 2,065), we were on guard for another market sell-off due to the lengthy negative divergences that developed into the 2,060/2,065 target points. Continue Reading…

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March 12 Big Bull Market Update and Trending Stock Scan

Mar 12, 2015: 1:21 PM CST

As was suggested in yesterday’s post, stocks stabilized off support with positive divergences and today we’re seeing the logical rally-bounce higher – and it’s a big rally.

Buyers stepped in to support the market – at least twice – into the 2,040 S&P 500 pivot and kept it up into today.

Let’s update our key levels, highlight the divergence, and of course note trending stocks today:

First, review yesterday’s mid-day update for a real-time glance at the lengthy positive divergence at support and compare the outcome – exactly what should have happened – to today’s bounce.

Members also had a deeper discussion of targets, inflection points, and likely price pathways that are realized today.

Quite simply, we expected the market to trade (inflect) up off the 2,040 pivot toward the current 2,060 level.

From this point into the close, we’re monitoring the 2,060 target and the move is complete – use 2,600 as the current pivot.

Continue Reading…

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A Quick Update of Cross Market Money Flow Grid March 11

Mar 11, 2015: 3:02 PM CST

There have been some big moves in the Cross-Market (Intermarket) Money Flow landscape recently.

Let’s take a quick fly-by look at the Cross-Market grid and note these movements closely:

The four highlighted markets include the S&P 500 (@ES), Gold (@GC), Crude Oil (@CL), and the US Dollar (@DX).

I’m using the continuous futures contracts for the quick comparison.

From February to present, we’ve seen the following trend movements:

  • S&P 500: Money flow strongly in … then a shift of retracement/selling pressure (money flow out)
  • Gold: Persistent, almost non-stop Money Flow OUT
  • Oil: No Trend or a sideways/volatile (gappy) trend that favors the downside
  • US Dollar: Flat trend into a breakout then impulsive, rapid money flow IN

This is just a quick, snap-shot of these trends focusing on nothing but price and the intraday movement. Continue Reading…

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