2 replies to this topic

[Trend-Signals]

Market breakouts and SPX Resistance

As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.

SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.

NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.

http://www.traders-t...showtopic=69052

I am anticipating SPX to retest SPX 1461, the Feb 2007 high, and will show a breakout number before it pulls back. I will reassess market strength during the OE week.

http://www.stockchar...09398&r=374.png
http://www.stockchar...77535&r=859.png
http://www.stockchar...40300&r=617.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=15&i=p73797548221&a=79285156&r=517.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=9&dy=0&i=p22648394504&a=76929034&r=579.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=8&dy=0&i=p49229126946&a=78987374&r=825.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p31631774778&a=76966992&r=329.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=W&yr=4&mn=3&dy=0&i=p72794457382&a=76929550&r=647.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=8&dy=0&i=p21609042622&a=76909044&r=764.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=W&yr=4&mn=3&dy=0&i=p53935525265&a=77295648&r=218.png

Edited by Trend-Signals, 16 April 2007 - 11:29 AM.

[Trend-Signals]

As noted, volume going into close is not high, ahead of CPI# and earning news.

The resistances which I noted show as HOD.

I am expecting more volume during earning reports



http://www.investors...age_id=18815948



Date:4/16/2007 12:37:36 PM
Post #of 305

Market breakouts and SPX 10yr TL Resistance

As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.

SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.

NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.

http://www.traders-t...showtopic=69092

Market volume is moderate even though it is not high level, showing a bit better volume, at the moment, than the ones during the last week average trading volume. Whether we will see higher volume into close as traders are buying or selling into close is a question; but even if major markets are breaking about, I doubt that traders will be heavily buying into close ahead of CPI number.

P/C ratio is not showing any abnormal activity.

http://www.stockchar...00102&r=822.png
http://www.stockchar...00102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$MID&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=$SML&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png
http://www.stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.pnghttp://www.stockcharts.com/c-sc/sc?s=XLE&p=D&yr=0&mn=3&dy=0&i=p28661478751&a=91400102&r=822.png

Edited by Trend-Signals, 16 April 2007 - 02:47 PM.

[Trend-Signals]

$RUT 2000 made a new high to 831.49 Joining other major indices