Broad Look To Various Markets
*000 SWA SPY:TLT - Weekly Line (solid), Stock/Bond_ Money rotation
Chart above plots the relative performance between SPY [S&P500 SPDR] and the TLT [20+ Year Treasury Bond Fund (Leh) iShares].
The orange line is the ratio SPY:TLT. A rising ratio-line indicates, that SPY is outperforming TLT [vice versa for a declining ratio]
Pink dashed: SPY since the last significant market bottom +/-
Blue dashed: TLT 20+ Year Treasury Bond Fund (Leh) iShares_ [falling TLT-line indicates rising yields [vice versa for a rising TLT]
Since the start of 2006, the ratio is strong rising, indicating a relative outperformance by SPY.
In other words: Money rotates out of Bonds into stocks.
Keep watching for a turning point.
A23 $SPX- Weekly Candlesticks
07/05/2005: Now that we have seen a pullback, strong resistance 1184 or - domination.
Candlestick pattern could be a bearish so called 'FALLING THREE METHODS'.
A30 $SPX- Daily Candlesticks
13/10/2013-->$SPX above daily MA(20): Healthy combination
09/07/2005: Within two days from support to resistance; Indicators improving; MA(20) now support.
08/06/2005: 'Reversal-pattern' at resistance; Indicators rolling over, higher 'down-volume'. End of run near?
A300 S&P500-$SPX- Daily Candlesticks , MA's
07/03/2013-->Broadening Formation [TOP] in the making?
10/03/2005: 1212-support failed so far; down with volume[chart above!]
28/01/2005: Resistance zone 1175-1185 seems to be strong
A3112 Dow Jones-DIA- Daily Candlesticks, MA's Transports behind
05/03/2005 : Like Transportations, new highs ! [DOW Theory!]
A31121a DIA-Dow Jones as Indexshare-Daily Volume
11/05/2005: Resistance confirmed--> high volume drop.
26/04/2005: Not much volume the way up - Patience - below average volume !
A31122 DAI-60min Volume Candlesticks
03/02/2005: Above support for now; BUT OnBalanceVolume+CMF negative divergent;
Daily volume(chart above) weak!
A32 $NDX- Daily Candlesticks
13/10/2013-->$NDX above daily MA(20): Healthy combination
07/03/2013-->Broadening TOP-Formation in the making?
12/12/2005: First 'close' below MA(20) since a while; Bollinger Bands very tight and ready for a stronger move to come (up or down).
A41 $NDX(QQQ)- 60 min Volume Candlesticks, Huge (
-->GOLDEN AREA QQQQ:SPY RATIO:
The Big TECHS drive the markets :up or down.
Leadership by Tech issues is in general positive for the other markets, too. [a rising ratio-line]
Markets in trouble: a falling ratio-line means loosing the leader
B19 $DAX- Monthly Candlesticks - UP & DOWN
01/05/2005: Last 3 month Candlestick-Pattern could be an 'EVENING STAR'. Patience!!
29/01/2005: Monthly Candlestick smells like a DOJI at resistance.End of run-up ?
21/08/2004 :$DAX at the crossroads . A monthly close in the green 'freefall-zone' would not be healthy for the Bulls .
Simple price pattern & formations bode ill .Next week could be very interesting. Patience !!!