Broad Look To Various Markets

Dirk Hettrich

16/08/2014-->Now the opposite: SLV 60min Chart p.5 [last chart]: Accum/Dist. looks stronger relative to price

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*000 SWA SPY:TLT - Weekly Line (solid), Stock/Bond_ Money rotation

29/05/2006:
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

A411-$NDX- 60 Minute Candlesticks,

-->GOLDEN AREA QQQ: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

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