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Pure Price Trendline Look at the Recent SP500 Rally Boundaries and Feedback Loop

Bycjrosen

I often advocate pulling all the indicators off the charts – at least for a few minutes – and taking a ‘price purism’ look at any major price move.

This can give you clarity that others miss, especially if they are caught up in viewing what all sorts of indicators are saying. Indicators are important, but it’s helpful to assess the ‘character’ or structure of the market, which can be obscured by lines and oscillators.

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SPY Trendline Angular Momentum and Bull Bear Psychology

Bycjrosen

While the title might not sound that interesting, it can be important to watch “Angular Momentum,” or in simple terms – the change in the angles of rising trendlines – of the current SPY and S&P 500 intraday charts, which highlights an important point about the recent rallies.

Let’s take a look at the recent “Angular Momentum” chart and see what I mean:

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Indicators the Disciplined Investor is Watching March 15

Bycjrosen

It’s time for this week’s “Indicators the Disciplined Investor is Watching” from Andrew Horowitz – with this week’s update being titled: “Three Percent Mutual Fund Cash is Troubling.” Andrew pays special attention to the recent data that state mutual fund cash balance totaled 3.6% in both December and January – which is often a counter-indicator,…

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The Positive Relationship Between Short Term Rates and the Dollar Index

Bycjrosen

I wanted to highlight a few quick recent charts of how the US Dollar Index positively correlates (moves in the same direction) with the 3-month Treasury Bill Discount Rate.

It’s not the most fascinating topic, but it’s definitely important to know of this relationship, so let’s take a look at a couple of recent charts.

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Market Internals Warn of Sudden Reversal SPY Mar 3

Bycjrosen

Yet again, we’re seeing a situation where we have a multi-day decline in the three-key market internals when compared with the price of the S&P 500 or SPY ETF.

That sets up a major non-confirmation and increases that odds that we’ll see a price reversal/retracement to test lower levels, barring any unforeseen bullish news here.Yet again, we’re seeing a situation where we have a multi-day decline in the three-key market internals when compared with the price of the S&P 500 or SPY ETF.

That sets up a major non-confirmation and increases that odds that we’ll see a price reversal/retracement to test lower levels, barring any unforeseen bullish news here.

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Join Corey’s Wednesday Webinar on Trading Intraday Momentum and Internal Divergences

Bycjrosen

I wanted to invite you to a special webinar event I will be conducting Wednesday, February 24, 2010 just after market close at 4:30 EST / 3:30 CST entitled “Trading Intraday Momentum and Market Internal Divergences,” sponsored by Trader Kingdom and Mirus Futures. While divergences can produce powerful signals of a likely market turn ahead,…

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How the Three Key Market Internals Preceded Sharp Rally Feb 2

Bycjrosen

I wanted to share an educational chart on how the Three Key Market Internals formed a predictable pattern that helped forecast the odds of a sharp rally ahead, which we’re seeing materialize today.

Let’s take a look not just at that, but the current chart of Market Internals and some key Fibonacci overhead resistance targets to watch.