Friday, January 01, 2016

S&P 500- Price Could Bounce Soon

Based on the study from 4hr chart above, price could bounce as early as Monday Jan. 4th. My guess is  a gap up then fade to make a higher low then move higher for a few bars. Other scenario is price might gap lower then  heads up to form a hammer candle which is a more of a preferred action for a bullish stance.

Wednesday, December 30, 2015


Below are stocks that are running or ready for a short term bounce.


$WMT: This could be stock of the year in 2016

Monday, December 21, 2015

Year end rally has started?

Last 45 minutes of trading, price rallies to close +0.78%. This last minute move may be indication of Santa is coming to town. However, a follow through shall confirm.
Below is an hourly chart suggesting possible rally in $SPX next few sessions

Saturday, December 12, 2015

Three Peaks and Domed House (for fun only)

The project is still in construction phase. Please check back later for progress.

Approaching intermediate Low

Friday 12/12: SPX index drops -1.94%. It appears to be approaching oversold condition based on indicators I follow.
Zweig Thrust: 0.36854, reading below 0.4 is considered oversold. Friday reading is even lower than readings on 08/20 and 08/21.
Mcclellan oscillator (NYMO): -82.67, reading this low only occurred twice this year
Climax Gauge: -2.17; Reading below -2 usually means low is near, and bounce should be expected
VIX/VXV: 1.00041; As long reading does not exceed 1.05, tradeable bottom shall be expected