I sent an email blast notifying users of the new post. If you did not get this email, email your user name to Stormchaser80llc@gmail.com so we can fix your email address in my database!
VXX: Bought VXX 14C exp Jul 15 2016 on 4/28/2016 when VXX was near $15.18
Long Term: Bear Market, targeting SPX <666 by 2022
Welcome to another weekly wrap-up. This one is log-in free. But to gain access to daily reports (including past daily reports), I am asking you to take 30 seconds to sign up at the bottom of this post! Its FREE!
ADX: Strongly declining momentum (from Dec-Feb downturn), in a trading market, with bulls narrowly on top
RSI: Upper quartile. Near where we have been topping of late.
Candle: Strong bullish week
Volume: Alarmingly (!!!!) LOW. Well below the 20 dma
Moving Averages: Close>100>50>20>200 period moving averages
% Bollinger Band: Upper quartile of the band
Bollinger Band Width: Quite wide, no huge move expected here
MACD: Bullish at a positive value, histogram continuing to weaken
ADX: Back to trading from negatively trending earlier in the month
RSI: Upper quartile
Candle: Bullish day
Volume: Very weak!!!, well below the 20 dma, weakest volume this week!
Moving Averages: Close>50>20>200>100 period moving averages
% Bollinger Band: Top of the band
Bollinger Band Width: Still quite narrow but a tick higher, a large move at this scale is still on the radar
MACD: Bullish at a positive value, histogram ticked higher
Above the 2085 pivot
ADX: Sideways trading with blowoff?
RSI: Overbought territory
Moving Averages: Close>20>50>100>200 period moving averages
% Bollinger Band: Above the band
Bollinger Band Width: Quite narrow with a widening last couple of hours
MACD: Bullish at a positive value
Continues to struggle though with low volume, renewed downtrend, and basing/improving MACD since late March!
A negative move (bearish) is on the horizon with a double negative divergence forming with MACD as Bollinger Bands narrow. But half the drop from yesterday was recovered.
On the NYSE chart we see a downtrend in new highs/lows continues. The $NYMO has had a few positive days but summation index is on a sell since the first week of May according to the Full STO.
%Stocks above 200dma
Full STO for %stocks above 200dma in 5 different market classes is rolling over from the highest level since late 2014 (!!!). Currently this indicator is at early to mid Dec 2015 levels.
%Stocks above 50dma
The recovery in %stocks above 50dma has slowed in 4 out of 5 markets.
%Stocks above 20dma
Same idea with the Percent of stocks above their 20 dma. Here we see Buy signals from all 5 Full STO signals were well timed in the 3rd week of May.
The uptrend in oil seems to have waned after briefly exceeding $50, with lower volume and a double negative divergence on the MACD!
All that buying going into the 3-day holiday weekend. BUT, volume was quite weak all week long especially the last couple of days. Combined with negatively diverging internals, after the bulls finish their party early week, the trend should turn dramatically toward the bears!
If you’re not already a member with a login, you cannot see my daily reports. To gain access to daily reports, I am asking you to take 30 seconds to sign up at the bottom of this post! Its FREE!
Old posts: https://stormchaser80.wordpress.com/
Note: I want you to know that although I have taken the steps to start the subscription business, I will continue to offer the free service through May 2016. I want there to be a good record of (hopefully) accomplishment. Plus I don’t want to spring anything on anyone unfairly. I thought 3 months was enough lead time. I also want to present something nice, and well worth your visit (and subscription).
Can’t see my post above? You need to register for a free account first! If you are a member, please login here! If you have login problems try these steps:
- Check to make sure you are using the correct username (not email) and password
- Clear your web browser cache (search for instructions for your browser)
- Try a different web browser
- Take a screen shot at the point you are getting stuck and send it to me
Please, if you find any technical issues that the above steps do not solve, email me at email@example.com
Not a member? You need to register. Don’t worry its free and fast!
Register New Account
- All I ask, is for you to create a user account. No payment information will be collected at all at this time.
- After you create your user account and agree to all the terms and conditions, you will be granted access to posts like you are used to, only upgraded!
- It may take up to 12 hours for you to be able to see content, please check back!