General Information and Analysis
US
Comment: (Data from
1/31/2014)
|
Comment for2/3/2014
|
Measure
|
Indicator
|
Ranking
|
|
Weekly RSI
|
WeeklyRSI
|
57.4
|
Neutral
|
|
Long Term MVA (200 day MVA)
|
200 MVA
|
5.14%
|
Bullish
|
|
5 Day Slope of 55 day MVA
|
Slope55MA
|
0.01%
|
Bearish
|
|
Intermediate Trend (Using ADX)
|
ADX(14)
|
26.88
|
Bearish
|
|
Short Term Trend (Daily RSI 3)
|
RSI(3)
|
34.38
|
Neutral
|
|
Relative Volatility ATR vs. 1Stdev
|
ATR(90)
|
1.11%
|
Volatile (chop)
|
|
VIX - MACD 10/30 (slope down)
|
MACD
|
0.680
|
Bearish
|
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.
The intermediate market technical
signals are neutral to bearish. The
long-term direction (200 Day MVA) is still bullish.
In the short to intermediate
term, the stock market has turned
bearish, with a tendency to have large chops since 1/27/2014. That indicates the market has a even battle
between bulls and bears. In auction
trading theory (CME), this indicates the market has found value on S&P
futures between high 1801.25 and low 1761.35.
More importantly, the $SPX range
is 1798.77 - 1777.71. 1800 will be a
major resistance, and if broken could see the market test 2014 highs at
1850.54. The support is between 1770 and
1700.
The market is down before the
opening, and will likely test 1767.00
The S&P500 Bullish PCT Index
is very close to issuing a sell signal. Get
use to heavy large range days with chop until either resistance is penetrated
to the upside, or support is penetrated to the downside (1700 on $SPX).
S&P PIVOT ES Mini March Contract - Thursday- Useful on Friday
1/31/2014
|
Yesterday 1-31-04
|
1/30/2014
|
|||
|
High
|
1788.25
|
High
|
1793.75
|
|
|
Low
|
1761.25
|
Low
|
1767.75
|
|
|
Close
|
1776.50
|
Close
|
1781.25
|
|
|
R2
|
1802.50
|
R2
|
1807.00
|
|
|
R1
|
1789.75
|
R1
|
1794.25
|
|
|
Pivot
|
1775.50
|
Pivot
|
1781.00
|
|
|
S1
|
1762.75
|
S1
|
1768.25
|
|
|
S2
|
1748.50
|
S2
|
1755.00
|
|
Stocks –
Zeb's VUE:
Headlines:
·
Chinese official PMIs show growth slowdown
·
United airlines is laying off 470 people by
shutting down Cleveland as a hub.
·
US auto sales are edging higher
·
Yellen assumes reins at the Federal Reserve
·
Eurozone PMI is rising.
·
Greece is improving (Yea - go my friends)
·
UK manufacturing is slipping again.
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