Blog Posts - Stock Market Technical Analysis



Are the movements of a stock market index predictable?

That may sound like a strange question coming from some one who regularly writes about the movements of Sensex, Nifty, S&P 500, FTSE 100. Nevertheless, it is a pertinent question.Many small investors spend an inordinate amount of time and energy...

NASDAQ, QQQ & S&P100 Charts Are Bearing Down Heavily on the S&P500 Recent Breakout

Following up from my last post where I focused on how the S&P head and shoulders neckline was going to hold, we have seen a blistering short squeeze since then that took all the major indices up to their upper channel line of their slowly descend...
by Stock Market Viewpoint on Jun 11, 2016

S&P Holds the Neckline

We may have just seen a successful test of the S&P head and shoulders neckline.  Last Thursday the S&P slipped through the neckline but closed back slightly above it for a bullish hammer then on Friday the market squeezed with 500k SPY b...
by Stock Market Viewpoint on May 22, 2016

Nasdaq at Most Overbought Level in Two Years

In my April 6th article I wrote how the S&P 500 was grossly overextended and basically pressed against the ceiling on the Percent of S&P stocks above their 50 day moving average.  Tonight we are taking a look at the Nasdaq to see if it i...
by Stock Market Viewpoint on Apr 17, 2016

Focusing on the SPY Top

The trading world is watching the SPY this morning as it is the last barrier of reason on the stock market.  Trade well my friendsAlan...
by Stock Market Viewpoint on Apr 15, 2016

Want to be a successful long-term investor? Act like a professional golfer

For the uninitiated (and the disinterested), here is a brief outline of the career progression of a typical professional golfer:an early interest in the game from a father who plays golf and/or proximity to a public golf courseinterest turns into pas...

XLF Up Against Double Resistance

The XLF financial ETF had a big day yesterday but finds itself up against the upper line of its six-month declining channel this morning.  At this juncture you can expect them to put lipstick on some really foul bank earnings.Trade well my frien...
by Stock Market Viewpoint on Apr 14, 2016

VXX Believes 3 Day Iron Grip Tractor Program to Force Channel Breakouts is About To End

While the tractor program that has been locked on the market for 3 days has been hugely successful in forcing the stock indices to break out of their restraining channels, the breakouts haven't gone very far and it begs the question of what happens n...
by Stock Market Viewpoint on Apr 14, 2016

Pro SPY Traders Agree with VXX Traders

While the iron grip tractor program has forced all the retail stock market indices (S&P, Nasdaq, Dow) out of their multiyear declining channels the past 3 days, pro traders are largely ignoring this as they go by their own chart, the SPY ETF.Toda...
by Stock Market Viewpoint on Apr 14, 2016

Midterm Channels Projecting Market Pullback

The S&P 500, Nasdaq, and USO have maxed out in their midterm channels as the VIX is basing at the 13.75 level which has projected stock market tops for the past four weeks.  The USO was stopped dead in its tracks after the Saudi Arabia oil m...
by Stock Market Viewpoint on Apr 13, 2016

Is Russian / Saudi Arabia Deal a Game Changer for Stocks or a Ruse?

The stock market ripped higher Tuesday as oil took off on a monster squeeze from the moment a Russian news agency reported that a Russian diplomat said that Russia and Saudi Arabia had reached a deal ahead of this week's OPEC meeting.  This news...
by Stock Market Viewpoint on Apr 12, 2016

Stocks & Oil Indices At Major Resistance

As the stock market closed another week of trading, we found the S&P 500, Nasdaq, QQQ, XLF, XLE, and the USO still stalled at major trend lines.  The exceptions are the VIX and VXX which are sitting on major support.  Expect sudden move...
by Stock Market Viewpoint on Apr 9, 2016

Float Up Friday Hits A Snag

The S&P 500 is experiencing another float up Friday where they went ahead and gapped it up at the open to make sure they get a green day using a oil squeeze early on as I mentioned was likely last night.  One hour into trading the rally appe...
by Stock Market Viewpoint on Apr 8, 2016

Another Float Up Friday?

A lot of rising channels failed this week.  The charts below are 195 minute bar charts showing two months of trading.The first two rows are the key stock indices where we see that all but the QQQ have lost their rising channels.  The bottom...
by Stock Market Viewpoint on Apr 8, 2016

S&P Hanging On By A Thread

The S&P 500 finds itself in a precarious position this morning.It has now failed twice at its upper horizontal channel line (shown in black).  Trade well my friendsAlan...
by Stock Market Viewpoint on Apr 6, 2016

S&P Percent Above 50 Day MA Still at the Ceiling

There was a big squeeze in stocks Wednesday that was triggered by an even bigger squeeze in oil as the prop the market coalition seems to have abandoned their effort to decouple stocks from oil after some days without success and instead built a fire...
by Stock Market Viewpoint on Apr 6, 2016

NYSE McClellan Oscillator Drops Below Zero

The NYSE McClellan Oscillator is a technical indicator and it serves best as a simple measure of when the market goes from bullish to bearish.  When its value crosses below the zero line as it did yesterday, the big players in the market turn be...
by Stock Market Viewpoint on Apr 5, 2016

Oil Starting Next Leg Down

The price of oil has been retreating the past few days and it is important to know if it's a move starting from daily chart moving averages or weekly chart moving averages as the latter is a much more serious situation.It can be seen that this is a w...
by Stock Market Viewpoint on Apr 3, 2016

Indices Close Friday at Major Resistance

The S&P 500, Nasdaq, QQQ, and XLF all four were squeezed right up to major resistance Friday afternoon.  The S&P and QQQ are in virtually the same situation as they are both up against their one-year and two-year upper channel lines simu...
by Stock Market Viewpoint on Apr 2, 2016

S&P Longterm Bear Market Signal Still In Play

Back in my March 6th blog, I wrote about how the S&P 500 monthly bars chart with a 10 and 20 moving average is widely accepted as the universal indicator for longterm bull markets and longterm bear markets.  Since then the prop the market co...
by Stock Market Viewpoint on Apr 1, 2016


Trending Topics

Close