Javascript Disabled Detected

You currently have javascript disabled. Several functions may not work. Please re-enable javascript to access full functionality.

weekly NYA and SPX charts, and a simple VIX

Started by hiker , Sep 20 2008 03:04 PM

Please log in to reply

7 replies to this topic

#1 hiker

independent trader

TT Member*
12,118 posts

Posted 20 September 2008 - 03:04 PM

weekly NYA chart

1. price continues to reside below the obviously important weekly horizontal support that, until recently, has held since late 2006 for weekly price closes

2. and price resides just below the 233-week exponential moving average

http://stockcharts.com/h-sc/ui?s=$NYA...id=p84541568728

weekly SPX -

the 1262 to 1274 horizontal zone could be tough resistance until the market participants gain more lasting confidence in the long side

http://stockcharts.com/h-sc/ui?s=$SPX...id=p64530110127

weekly VIX -

remains in a breakout pattern with VIX now residing just below horizontal resistance

Posted Image

Edited by hiker, 20 September 2008 - 03:18 PM.

Back to top

#2 hiker

independent trader

TT Member*
12,118 posts

Posted 20 September 2008 - 03:23 PM

daily VIX -

http://stockcharts.com/h-sc/ui?s=$VIX...0&a=6700139

Back to top

#3 hiker

independent trader

TT Member*
12,118 posts

Posted 20 September 2008 - 04:39 PM

cumulative NYAD continues to reside below the March cum NYAD low

Back to top

#4 Darris

Member

Traders-Talk User
1,667 posts

Posted 20 September 2008 - 06:07 PM

Hiker, Hope all is well and you are having a good weekend. Couple of comments and questions: 1/ On the NYA chart you show the BPNYA. It broke above the August weekly highs, so could that be a leading indicator to NYA index price? 2/ Do you consider the SPX-EW ($SPXEW) index chart to be of value technically? At the Oct 2007 top it was negatively divergent where now it is positively divergent, so again a possible leading indicator for the weighted spx chart? Thanks.

Back to top

#5 hiker

independent trader

TT Member*
12,118 posts

Posted 20 September 2008 - 08:57 PM

hi Darris,

the BP's - probably best to look at this out of date data and draw your own conclusion.

http://www.technical...pi/indexbpi.htm

and is it not price that leads the PnF chart to alert a buy or sell signal? ... yes, there may be "some" insight into internal strength by the PnF chart formation

the EW...I have not enough experience using it to speak to your question.

good weekend to you.

Edited by hiker, 20 September 2008 - 08:58 PM.

Back to top

#6 hiker

independent trader

TT Member*
12,118 posts

Posted 21 September 2008 - 03:45 AM

this blogger is a VIX watcher -

http://vixandmore.blogspot.com/

Back to top

#7 hiker

independent trader

TT Member*
12,118 posts

Posted 21 September 2008 - 04:18 AM

The United States has seen eight straight months of payroll losses, during which time the jobless rate has risen to 6.1 percent from 4.9 percent.

The upcoming September jobs report (to be released Oct. 3) will be closely watched relative to what the FED may do going forward (about the Fed funds rate or about other stimulation methods).