BullBear Trading: Stock and Financial Market Technical Analysis

February 2010 Blog Posts (6)

What is this symmetrical triangle in the $INDU-$FTSE ratio warning us of?









Maybe it relates to this chart, courtesy of ClusterStock's chart of the day:







It might be that something will happen to either the U.K. or U.S. stock markets before the triangle completes in early July. As an example, look at this chart:







Although this chart highlights risk in Austria, any troubled country on… Continue

Added by Mark Lytle on February 23, 2010 at 5:30pm — 12 Comments

Market rolls over a little bit late, but rolls nonetheless...

This roll was late, at .26517, fully 6% late.... On the X-axis, .25000 is the theoretical turn point...

I gave the market until Friday to roll over, it did peak on Friday...

It is possible that options expiration had something to do wih the delay...

Added by Mark Lytle on February 23, 2010 at 12:00pm — 1 Comment

A possible re-evaluation here...

As of two days ago the $RUT and the $NDX were approaching their 1/8 and 1/4 nodes, respectively, on generally lower volume and smaller price ranges. This normally suggests a top. Today we are wandering away from those nodes in time, with no confirmation of a top. This failure may be telling us something, that something else is driving this rally, other than previous price action. If today doesn't produce a final high in these indexes, then everyone should becme very wary here, espeicially… Continue

Added by Mark Lytle on February 19, 2010 at 1:00pm — 4 Comments

Small rally maybe near it's end...

Using the important swing data points from the March '09 rally bottom

to the presumed Jan '10 top, We see a narrowing of the range of the high and low

data at the .125 (1/8) node and the .250 (1/4) node, for the Russell 2000

and $NDX, respectively. These numbers refer to the present values on

the 'x' axis. Important nodes differ by powers of two (1/8,1/4,1/2, 1,etc.)...



This means we could be at or near the top of the

smaller scale rally that started with the… Continue

Added by Mark Lytle on February 17, 2010 at 5:00pm — 1 Comment

Put/Call Ratio May Indicate a Bottom

The Put/Call Ratio may be indicating that a short or intermediate term bottom is in place. We have seen two spikes to extreme levels beyond 1.2, the first of which resulted in an intraday reversal to a positive close and it appears that the same may happen today. Also, the 14 day moving average has breached the .95 area for the first time since the bull market began in March of 2009.


Relative strength in big cap financials is also worthy of note.…



Continue

Added by Steven Vincent on February 10, 2010 at 12:00pm — No Comments

Another bounce coming, maybe a bit more substantial?...



There could be another bounce here, as the support trendlines have been 'just barely' exceeded, with hourly Stochastics turning up...I have watched these trendlines inumerable times tolerate a slight penetration and then force price action back..…



Continue

Added by Mark Lytle on February 5, 2010 at 11:33am — 4 Comments

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