Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (53)	10/1/2014 3:59:12 PM
From: rimshot r2d2	Respond to of 1118

SPY 100-day sma vigilance is now required ...see the three prior declines in 2014 which eventually set up V-bottoms near this price MA .... index breadth and volume A-D need to lead any future upside reversal. See the chart in post 53.

To: rimshot who wrote (53)	10/1/2014 9:29:43 PM
From: rimshot	Read Replies (3) \| Respond to of 1118

ITBM and ITVM chart status vs. their zero line, as of October 1, 2014: "The IT Breadth Momentum Oscillator (ITBM) presents an intermediate-term view of the trend and bias of the daily advances minus declines. Specifically, the indicator is bullish when it is rising above its 10-EMA, and in a broader sense it is bullish when it is above the zero line. The IT Volume Momentum Oscillator (ITVM) is calculated the same as the ITBM except that it uses advancing and declining volume. The indicators are also used to measure overbought/oversold conditions." - StockCharts.com Summary - the intermediate-term Breadth Momentum Oscillator and the Volume Momentum Oscillator rest in the confirmed bearish region below the zero line for a majority of the symbols shown below ( 20 of the 26 indicator values reside below the zero line ). And note that lower lows for most Oscillators are achievable before Oversold historic norms are reached. * since the two Oscillators reside below their 10-day ema for the nine S&P500 Spyders, the bears have firm near-term control of the intermediate breadth and volume trends until this changes S&P500 -59 / -13 ... was -14 / 33 on Sept. 26th OEX100 20 /66 ... was 70 / 109 S&P Mid cap -135 / -93 ... was -83 / -36 S&P Small cap - 141 / -140 ... was -94 / -95 XLK -4 / 39 ... was 32 / 65 XLF -21 / 90 ... was 47 / 154 XLV -4 / -13 ... was 41 / 53 XLY -100 / -98 ... was -43 / -33 XLI -94 / -49 ... was -46 / 8 XLE -235 / -285 ... was -195 / -243 XLP 44 /109 ... was 62 / 137 XLB -129 / -162 ... was -65 / -95 XLU -56 / -38 ... was -46 / -38 * daily ITBM and ITVM for the S&P500 index are shown below: CONCLUSION - considering all the chart elements, it is far too early to reliably predict a V-bottom price outcome will develop from the October 1st intraday price low, and the SPY price action now resides below the midline for the 50,2 BB and the 65,2 BB.