SPX pressuring Fibonacci projection at 2225~The pop higher in the SPX has reached the 2225, (76.4%) projection of the Feb-Jun rally.
Next resistance is likely to be around 2250, but any break should fade beneath the 2300~, (100%) projection.
Usequities
Facebook remains under long term pressureThe sharp rejection of the October highs is attempting to stabilise above USD113.00.
Consolidation is highlighted in the coming week or so, but the fall in momentum studies and deterioration in sentiment are likely to keep prices under pressure into the beginning of 2017Q1.
Also, from a relative perspective, Facebook is also underperforming the US Technology Sector, which itself is Underperforming the S&P500. This double filter also highlights downside risks into the coming months.
DOW keeps blasting higherWe officially elected the key Socrates monthly bullish level at 18625 for November. Now watching for a pullback to this level to jump in and add to my mini position. Major resistance bank awaits at 20764-21252
Cup and Handle Pattern forming on WMBGood risk reward on this cup and handle pattern forming on WMB. It also doesn't hurt that Goldman Sachs gave a buy rating yesterday
SPY/USO/VXX/GLD/SLV Ratio 4/18/2016 (Short-Term View)There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
SPY/USO/VXX/GLD/SLV Ratio 4/18/2016 (All-Time View)There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
SPY/VXX Ratio 4/18/2016 (Short-Term View)This is for you all stock market bears. Do not go short if this ratio keeps on breaking those resistance lines.
SPY/VXX Ratio 4/18/2016 (All-Time View)This is for you all stock market bears. Do not go short if this ratio keeps on breaking those resistance lines.
SPX/VIX/Gold Ratio 4/15/2016This is the the ultimate market measure of economic/financial well-being.
Inverse Gold/Short S&P 500 Ratio 4/15/2016 (Short-Term View)Watch the lines. This chart tells us how much/how urgently people are selling stocks to buy gold.
Inverse Gold/Short S&P 500 Ratio 4/15/2016 (All-Time View)Watch the lines. This chart tells us how much/how urgently people are selling stocks to buy gold.
S&P 500/VIX Ratio 4/15/2016 (Short-Term Non-Log View)Watch the lines for a good place to jump in if you are looking to long VIX. This chart helps us distinguish between fearless crashes and fearful crashes.
S&P 500/VIX Ratio 4/15/2016 (All-Time Non-Log View)Watch the lines for a good place to jump in if you are looking to long VIX. This chart helps us distinguish between fearless crashes and fearful crashes.
SPX/VIX Ratio 4/15/2016 (Short-term View)Instead of looking at SPX alone, looking at this ratio is better for shorting stocks/longing VIX, because it helps us distinguish between fearless crashes and fearful crashes. Watch the black/light blue/brown lines above. If this ratio breaks above those lines confidently, get out of shorts and wait for a better time to do so.
SPX/VIX Ratio 4/15/2016 (All-time View)Instead of looking at SPX alone, looking at this ratio is better for shorting stocks/longing VIX, because it helps us distinguish between fearless crashes and fearful crashes. Watch the black/light blue/brown lines above. If this ratio breaks above those lines confidently, get out of shorts and wait for a better time to do so.
S&P 500 to Crude Oil Ratio 4/15/2016Watch the lines for a place to jump in on this downtrend of the Equity/Crude ratio.
S&P 500 to Crude Oil Ratio 4/15/2016Watch the lines for a place to jump in on this downtrend of the Equity/Crude ratio.
S&P 500 to Silver Ratio 4/15/2016This is the perfect chart for shorting the S&P 500/Silver ratio strategy. Watch the lines. This ratio looks like it is about to drop.
