3 replies to this topic

[redfoliage2]

Trading range: 1405 to 1430. SPX bounced back from the lower end of the trading range at 1405 Friday. It should go back up to the top of the range. A break at either end will start a new range.
http://bigcharts.mar...i...&mocktick=1

Edited by redfoliage2, 08 January 2007 - 08:59 AM.

[redfoliage2]

Trading range: 1405 to 1430. SPX bounced back from the lower end of the trading range at 1405 Friday. It should go back up to the top of the range. A break at either end will start a new range.
http://bigcharts.mar...i...&mocktick=1

If this lower end double tested and holds, a scorch is in the cards.

[arbman]

There is a terrible divergence in between the implied volatilities (QQV) of the NDX vs the index itself, it doesn't confirm with its leadership. This might end very ugly from here. The small caps are underperforming big time since last week as well...

http://ichart.finance.yahoo.com/z?s=^VIX&t=5d&q=&l=off&z=l&c=^VXN,^VXD,^RVX,^QQV,^VXO&.png

http://ichart.finance.yahoo.com/z?s=^GSPC&t=5d&q=&l=off&z=l&c=^NYA,^RUT,^NDX,^IXIC,^NDXE,^DJI,^SPXEW,^MID,^SML&.png

I still think that the indices can chop around in a wide range in January rather than breaking down immediately, although the technicals are quite bearish...

- kisa

[redfoliage2]

There is a terrible divergence in between the implied volatilities (QQV) of the NDX vs the index itself, it doesn't confirm with its leadership. This might end very ugly from here. The small caps are underperforming big time since last week as well...

http://ichart.finance.yahoo.com/z?s=^VIX&t=5d&q=&l=off&z=l&c=^VXN,^VXD,^RVX,^QQV,^VXO&.png

http://ichart.finance.yahoo.com/z?s=^GSPC&t=5d&q=&l=off&z=l&c=^NYA,^RUT,^NDX,^IXIC,^NDXE,^DJI,^SPXEW,^MID,^SML&.png

I still think that the indices can chop around in a wide range in January rather than breaking down immediately, although the technicals are quite bearish...

- kisa

kisa: I see it's going to stay in this range (see my earlier post today about SPX trading range) for a while before any breakout.

Edited by redfoliage2, 08 January 2007 - 02:25 PM.