Category Archives: S&P

Deadliest in World History

June 24, 2021 By in Biotech, BIS, IBB, LABD, S&P, S&P 500, SPBIO, SPY, The Speck

3:37 p.m., EST

Injections, Deadliest Ever

Forced Compliance

Biotech Danger Point

By this time, it’s no secret.

The ‘speck’ injections as we call them, have been proven to be the deadliest in world history.

Even with manipulating data by deleting deaths, delaying updates, pressuring medical professionals not to report, the data at this link paints a stark picture.

For reasons likely to be revealed later, major corporations are ‘requiring’ their employees to comply.

Not only that, in the link above it’s the clients as well. One has to wonder, who are ‘clients’ beneficiaries?

Before we leave the topic and move on to the chart, one of the ‘features’ of the injection, is sterilization.

No more employees. No more clients. No more future clients. Somehow that’s an effective business model.

Finally, a cursory review of the local ‘certified’ financial advisers and their websites has not one word about what’s really going on.

Do these people think by avoiding the truth, somehow they’re going to increase their business?

One major nationwide adviser/broker even has (in print, mind you) that ‘we’re going to have the best recovery ever!’

What are they going to say when there’s a “no bid” market and nobody can get in or out?

Crisis will create opportunity for leadership; at this point, there’s not much if any in the financial sector (i.e. ‘best ever’, above).

When the big melt-down hits, leadership’s not coming from the ranks of the ‘compliant’ or the enforced mediocrity of the ‘fiduciary’.

Therefore, we can all take our cue; like this Irish couple who took it upon themselves, to separate from the crowd and escape quarantine.

With that in mind, on to the markets:

Analysis, Biotech

As we head towards the close with about twenty minutes left, the S&P 500, has posted an all-time high.

Biotech, SPBIO and IBB, are still well below their highs but are nonetheless at a point of instability with today’s action.

As the Hourly chart of LABD shows, we’re at the danger point and in spring condition:

A push back into the range above support, is significantly bullish for LABD and bearish for SPBIO.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

S&P 500: Trend Break & Test

June 22, 2021 By in S&P, S&P 500, SPY

9:12 a.m., EST

Trend Break Last Friday

Underside Test, In-Process

End Of The Line?

It’s about twenty minutes before the open. SPY, is trading essentially flat.

The daily chart above, shows the up-trend break was last Friday on increased volume.

SPY, has also posted a bearish divergence appearing to show significant weakness; attributed to MACD lines and histogram declining in parallel.

Getting a closer look (below):

Volume increases on the way down and decreases on the way up: Bearish

We also have a terminating wedge:

Yesterday was a test of the underside trend break. Today may continue that test or reverse at the open.

If SPY can somehow get above the trend break, it has a new lease on life.

However, with bonds, the dollar and gold already in reversals, probabilities suggest we’re at the end of the line.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

You Are Here

May 1, 2021 By in S&P, S&P 500, SPY

Remember the maps at the mall … that showed the layout and where you were?

Well, here we are:

In candlestick lingo, Thursday was a ‘hanging man‘ set-up.

Friday was confirmation with a lower open, lower close, and penetration of the prior day’s low.

Error Correction:

A prior update made somewhat of an error when it said ‘Of all the major indices, biotech on a percentage basis, is the downside leader.’

Sort of.

The Index Table below is updated to include gold (GLD) and the senior miners, GDX.

In fact, GDX is leading the downside.

From a trading standpoint, GDX has been ignored because it’s such a crowded market. Nonetheless, for different reasons than biotech (i.e. deflation), strictly speaking, it’s the downside leader.

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Upwards, Sideways & Down

August 5, 2017 By in Dow 30, Russell 2000, S&P, S&P 500

Fotosearch_k8916628-1That’s the direction of the Dow Jones 30, the S&P 500 and the Russell 2000.

Intermediate and advanced trading professionals understand what this means.

When a market has experienced a long, sustained advance that may cover months and years … near the end of that advance and just prior to the ultimate top, the market thins out.

That’s the process whereby fewer and fewer stocks are participating in the advance.  Essentially, the bear market has already started as more and more stocks fall away from the uptrend.

In fact, ZeroHedge just reported the S&P 500 in its narrowest (11-day) closing range in history:  An unprecedented event.

Now that we appear to be at the upward extreme, what happens next may be unprecedented as well.

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For technical analysis on individual stocks, markets or indices, please visit our parent site at www.ten-trading.com

 

“Buckle your seat belt Dorothy ….

November 28, 2016 By in S&P, S&P 500 Tags: ,

’cause Kansas is going bye – bye.”

If there’s a spot for the market to reverse, this is it.

2016-11-28_15-32-29-spy-weekly-notes-1

 

With markets at stretched, bloated and obscene valuations (as reported by David Stockman), we even have an article that tells us the bull market is just getting started.

Well, anything can happen but false narratives abound at the extreme end of a trend.  A ‘new bull market’ could very well be false.

In depth technical discussions of the S&P and other markets are on our corporate site located here.

The bottom line is, we might already be on the ride … to much lower levels.

 

Charts produced by TC2000 which is a registered trademark of Worden Brothers, Inc., P.O. Box 1139 Wilmington, NC 28402.  Ph 800-776-4940 or 919-408-0542.  www.Worden.com

 

 

 

Coiled Spring

October 8, 2016 By in S&P, S&P 500 Tags: ,

While the market looks dull, it’s actually coiled up like a spring ready for its next move.

The best analysis we have found thus far, is the quote below.  The analyst states that price action looks like a pendulum swinging down to rest.  We’re in a brief period of dull market activity.

“These dull periods often occur after a season of delirious activity on the bull side.  People make money, pyramid on their profits and glut themselves with stocks at the top.  As everyone is loaded up there is comparatively no one left to buy, and the break which inevitably follows would happen if there were no bears, no bad news or anything else to force a decline.”

Indeed, it’s an excellent assessment of the price action in the S&P as seen below.

2016-10-08_9-23-04-spy-daily-close-coiled-spring-notes

The problem is, that analysis was not written this past Thursday or Friday.  No, that assessment was written over a century ago in Wyckoff’s seminal text:  Studies In Tape Reading.

To understand the present, we need to understand the past:  especially with stock market activity.

The human condition has not changed since inception.  There’s no new ‘quant’ program that has it all figured out.  If that were true, price action would look different.  We would not be able to use century old techniques to call market turns to-the-day (repeatedly) as detailed here and here.

The only media mention of Wyckoff that we’ve ever seen is a brief reference by Linda Bradford-Raschke (former pit trader) at this link.  At time stamp 0:36, she mentions Wyckoff.  It almost slips by for those not attune.

  • If the pit traders know where to go for guidance, should we not do likewise?

As we come forward one hundred years, we see the S&P has coiled itself like a spring.  For the past seven-plus years, it’s been delirious bull market activity as Wyckoff stated.

Traders and investors have continued to gorge or force themselves on every last up-tick.  The market has now come to rest apparently unable to move higher.

What new catalyst will come to the fore to launch to higher levels?  It could happen:  However, the most probable resolution of this formation is a move to the downside.

References:

Wyckoff quote from Studies In Tape Reading.  Used with permission from Cosimo Classics.

Charts produced by TC2000 which is a registered trademark of Worden Brothers, Inc., P.O. Box 1139 Wilmington, NC 28402.  Ph 800-776-4940 or 919-408-0542.  www.Worden.com