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To: Return to Sender who wrote (4644)1/9/2016 12:56:19 PM
From: Return to Sender  Read Replies (1) | Respond to of 8239
 
Major Market Indices on 5 Year Weekly Charts versus the VIX (Fear Index) - Also included are the SOX/SMH and BKX because they are so important to the overall direction of the market. RSI (14) over 70 is extremely overbought. Under 30 is extremely oversold. Fear will generally be low while the market is moving steadily higher. Large spikes in the VIX often correspond with market bottoms. As you page down you will see quite a few other indicators that can help you forecast market tops and bottoms.




















To: Return to Sender who wrote (4644)1/10/2016 12:30:12 PM
From: The Ox1 Recommendation

Recommended By
Return to Sender

  Read Replies (1) | Respond to of 8239
 
As always, it's nice to have all these charts to review.

I think we've seen a risk off move by the major market participants and also some "tax selling" that was put off into the new year. It's very interesting to read through many of the views posted over the past few days. The parallels to 2000-01, 08-09, and now 16-17 for how the market reacts to the last year of an 8 year US presidential term is only one of the many ways people are trying to assess this market.

We've finally reached earnings season, so we will learn a lot more about how the different sectors are not only performing but how the market's forward views are being adjusted. Risk off appears to be the rule of thumb at the moment.

Anecdotal evidence is here in the reversal watch portfolio. It's been a while since I've had this many stocks on the list and not one of them up over 5%! Les H's tables are also confirming the bearishness out there....less than 20% of his database of stocks are over their 200MA!!

Message 30397860

Overall Database

_ percent stocks over MA highs/lows highs/lows highs/lows highs/lows
_ market-10d 21d 50d 200d 5-days 10-days 20-days 65-days
------------------ ---- ---- ---- ---- ---------- ---------- ---------- --------
_Jan 8------- 6 10 12 19 -----42 -2097 27 -2053 25 -1713 6 -1166