General Information and Analysis
US
Comment: (Data from 2/11/2014)
|
Comment for2/11/2014
|
Measure
|
Indicator
|
Ranking
|
|
Weekly RSI (14)
|
WeeklyRSI
|
63.4
|
Neutral
|
|
Long Term MVA (200 day MVA)
|
200 MVA
|
6.87%
|
Bullish
|
|
5 Day Slope of 55 day MVA
|
Slope55MA
|
0.02%
|
Bearish
|
|
Intermediate Trend (Using ADX)
|
ADX(14)
|
29.38
|
Bullish
|
|
Short Term Trend (Daily RSI 3)
|
RSI(3)
|
88.80
|
Overbought
|
|
Relative Volatility ATR vs. 1Stdev
|
ATR(90)
|
1.31%
|
Volatile Neut
|
|
VIX - MACD 10/30 (slope down)
|
MACD
|
-0.940
|
Bullish (for Stocks)
|
The table above
is a rating for intermediate and long term trend in the S&P500. I used the S&P 500 as the indicator for
the USA stock market. For day traders:
You may find it useful to trade in the direction of the trend. However, looking at any daily chart over lots
of years, the trading direction for the day is pretty random.
After the correction (and panic)
on Monday last week, the stock market has resumed its upward path. Does that mean the correction is over? We have moved to back to bullish on almost
all technical indicators including the MVAs that most affect short-term
behavior (200Day, 100Day, 50Day MVAs).
In my opinion, Janet Yellen
provided not one new thing that should have moved the market yesterday, and yet
the DOW industrial has made 6 days of up moves, with yesterday being among the
largest since the disaster on 2/3/2014
For what it is worth, the time has
not arrived for a true market correction (even a correction in terms of a bull
market). When the time comes, retail
traders will unlikely be able to get out with much (if any) of the profits they
made in 2013. There is absolutely no way
to prove that, of course. That kind of
assertion is never true except in hindsight.
Monday 2/30/2014 was a warning shot, but we can observe the VIX and
realize that FEAR has almost completely disappeared after the 6 days of up
moves.
S&P PIVOT ES Mini March Contract - Friday - Useful on Wedsday
2/12/2014
|
Tue. 2/11/2014
|
2/10/2014
|
|||
|
High
|
1819.50
|
High
|
1796.00
|
|
|
Low
|
1794.25
|
Low
|
1786.25
|
|
|
Close
|
1813.50
|
Close
|
1794.75
|
|
|
R2
|
1834.50
|
R2
|
1802.25
|
|
|
R1
|
1824.25
|
R1
|
1798.75
|
|
|
Pivot
|
1809.25
|
Pivot
|
1792.50
|
|
|
S1
|
1799.00
|
S1
|
1789.00
|
|
|
S2
|
1784.00
|
S2
|
1782.75
|
|
|
Range
|
25.25
|
9.75
|
||
No comments:
Post a Comment