Today the market was bull. But, not so bull, it can't sustain the advances.
IPC
- Bull, but marking a trading range. To re enter to bulls territory need's to break the top.
- The markets from the emerging economies are very advanced and very bull. According to "The Economist" bigs amounts of "hot money" (especulative) are enter to emerging markets. And the IMF (International Monetary Fund) guardian of the world free market, agree with establishment of global capital controls. If a economic shock affects this economies the withdrawal of the money can collapse this economies, and in this moments are the drive of the world economie.
Standard and Poor's
- Bull but not strong.
- Break the dynamic support.
- It can't get up without a significative correction.
- 6 days up in a row, tomorrow probably a red candle.
Nasdaq 100
- The most price advanced index. Is forming a bear channel?
- Break the dynamic support.
Dow Jones Industrials
- Broke two times the 11,450 level. But both times tries to return. Not a bull signal.
- The flag formation is discard. It will be a very bull signal, but after de break the DJI shoul get up vigorously.
VIX
- Today both SPX and VIX a green candle, so tomorrow probably a red candle (60%)
Put to Call Ratio.
- Today CPC and CPCE close above the "too low" levels. So are triggering the "close to a top" signal.
Bank Index
- Financial sector cant break the bearish patterns. Is now correcting. This is not good for bulls and for the SPX. (Bear signal).
- Financial sector cant break the bearish patterns. Is now correcting. This is not good for bulls and for the SPX. (Bear signal).
New York Lows of 52 weeks.
- Are indicating we are close to a "bottom" (?)
- In a bull day a very high level of "new lows"?
At last but not least: Hindenburg Omen.
- A very bear signal. The theme today.
- Today triggered the firts sign of Hindenburg Omen.
- My bear fears materialize? A drop is coming?
- This indicator needs a confirmation in the next 15 trading days. Stay alert.
- Dow Jones 43%
- Standard and Poor's 38%
- Nasdaq 43%
-- Tomorrow bearish.
- This week is Triple Witching so bull.
Conclusions
- The shor-term and mid-term trends are up.
- Mixed and faced singnals. How about the Hindenburg Omen?
- The market is in bull territory and the conditions for a consistent up trend (Rally)are given. I'm optimistic (bull) for the year end. But we can be close to a top, if confirmed fades the bull future.
-- While the liquidity continues flowing in the market will continue up. But bother me so many bear signals should mean something. But the maket is very erratic (like a crab).
- For tomorrow my feeling is bear.
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