4 replies to this topic

[Trend-Signals]

New DOW 13000 milestone day... with gap ups on several major stocks. Market closed at TL resistances, e.g. SPX & Nasdaq after breaking above resistances which I noted on Monday.

Having said that, breadth is improving and markets are heading to targets.... e.g. SPX 1550....

Good trading



~~~

DOW closed above 13000, at 13089.89, registering a new milestone today as alerted during premarket. SPX 1495.42 above 1485 resistance, and Nasdaq at 2547.89 above 2530 resistance. I commented that markets will attempt to breakout and also commented that "Breakout" will not fail. We now have successful breakouts above the resistances noted on Monday.

Commented on positive divergences on money flow, improving breadth, confirming "Breakout" breadth patterns, and showing initial breakouts. Also noted that I do not see ST top formation at the resistances and noted that "Breakout" will not fail. I noted that $NYA was leading major markets when it was breaking out. We now see that all major markets are indeed breaking out including the underperformed $SOX as noted yesterday when it has broken above 7yr downtrend line and above 7mo trading range.

Commented that one of factors which fueled Jun-Jul 2006 rally was series of short-squeeze in addition to buying pressure, and that we will likely see the similar scenario during this breakout rally. I still see many do not see the market actions even though I am explaining the message of markets. It is the same as the Jun-Jul 2006 rally when many did not see it.

We now see DOW above 13000 resistance along with SPX and Nasdaq above resistances with improving breadth actions and confirming breadth breakout formations. Furthermore, we have $SOX closing above 500 resistance.

AAPL is trading at 102, a new high above 97.80 on 1/10/07 after earning report in AH.

In summary, market is breaking out to new highs with improving breadth heading to targets of Qs 50 and SPX 1550 +/-, and Nasdaq 2700 as the next targets.



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



http://stockcharts.com/c-sc/sc?s=$SOX&p=W&yr=8&mn=0&dy=0&i=p47296854488&a=104648275&r=854.png
http://www.stockcharts.com/c-sc/sc?s=$SOX&p=M&yr=10&mn=11&dy=0&i=p22616739083&a=80631671&r=966.png

http://www.stockcharts.com/c-sc/sc?s=$SOX&p=D&yr=0&mn=9&dy=0&i=p93451941454&a=71270540&r=427.png

http://www.stockchar...98557&r=872.png



AMZN target $50 met - Breakout will not fail
$SOX breakout & Monthly major internet stocks are bullish
http://www.traders-t...showtopic=69464


sentiment - breakout
Breakout will not fail --- Qs targeting $50
http://www.traders-t...showtopic=69395

[CLK]

INDU should run to 14K before pausing. Should hit 16-17K sometime next year, per C&H from 2000 highs-2002 lows. Full rotation into big caps, when the Dow tops, small caps should be a buy to catch up while the Dow consolidates.

Edited by CLK, 25 April 2007 - 07:28 PM.

[Trend-Signals]

INDU should run to 14K before pausing.


Should hit 16-17K sometime next year, per C&H
from 2000 highs-2002 lows.


Full rotation into big caps, when the Dow tops,
small caps should be a buy to catch up
while the Dow consolidates.

DOW 14000 is the next market target with 1000 point measured target after breaking out as I commented during Sept-Oct 2006 when I noted targets, 13000 and SPX 1550 retest of the 2000 high.

I also noted that I will post comment on LT cycle analysis and other market analysis such as large/small cap rotation analysis in May after my traveling at this time.

At the moment, NDX is outperforming Nasdaq closing at resistance.

Good trades and Best wishes



http://stockcharts.com/c-sc/sc?s=$NDX:$COMPQ&p=D&yr=1&mn=6&dy=0&i=p74501095121&a=78245784&r=565.png

Edited by Trend-Signals, 25 April 2007 - 08:02 PM.

[Trend-Signals]

$OEX is trading to new highs with moderate performance relative to small cap.

http://stockcharts.com/c-sc/sc?s=$OEX:$SML&p=D&yr=2&mn=0&dy=0&i=p72441875807&a=77668317&r=462.png

Edited by Trend-Signals, 25 April 2007 - 08:14 PM.

[CLK]

Financials are fine, something within OEX besides financials
is doing poorly.

Edited by CLK, 25 April 2007 - 08:28 PM.