Market Diary

This is the MOON Cycle chart for SPY. you can see a pattern here Full Moon to New Moon and vice versa ..

It is interesting !! October 1 ST and 30 TH the same action..

All charts are saying same story, Upper UPS and Upper Lows, except IWM. IWM retraced to next level and made a double bottom.

This is kind of old post, watch 1080 in SPX and 23-22 range in VIX..

VIX is getting towards 29.53, probably it will reach by tomorrow. If VIX cross over previous resistance we can expect more down turns, else tomorrow will be last day of the down movement !!

Dollar is going UP and Equity is going down. Next spider target is 1025..

Watch important turn dates for 2010.

VIX shot UP to 10 % today and key support broke in Spider.

I want to make some points - Bullish thoughts 1. SPX touched the low of day before yesterday and made a double bottom 2. VIX double top 3. GS - one of the market leader made double bottom today as well History : Historically last week of October and first week of Nov seems to be bullish movements Bearish - thoughts 1. If Monday close below today's low definitely bearish 2. VIX is in long time support of 20.51 (from 1997 onwards). It is very hard to broke 3. Market rallied from July 7 Th, with out major correction

VIX has more support in 18-15 range !! need to be careful in this range.

Market still in same pattern, nothing changed in pattern . if Spy broke up to 110.50, it will rally more. VIX lower to 21. Nothing more to say......

One who follow market energy chart, it showing market will GAP UP tomorrow and go sideways.. "DECISIONS MADE UP FRONT HAVE GREATEST IMPACT ON PRODUCTIVITY" "WATCH THE MARKET ACTION AND ACT UPON "

Even though SPY was down 0.98 handle, it felt like 3-4 handle , Actually it down 2.62 handle from high to low. Technically it didn't broke anything, only a GAP filler, IF IF Market hold in this range tomorrow. VIX Up to 22.22 about 6.32 %. Means Psychologically people scared to death.. can be a sell off tomorrow ? If so there will be a sure technical break.

Dollar has more down side to go. EUR/USD is 1.52. Now Euro is in 1.49 Significance : Dollar down / Market UP Sell Dollar and Long Equity

VIX reached new low today to 20.91. Market was also down today. Probably profit taking.

Goldman is nice UP Trending since NOV -08. Now it is in lower band of channel. Did GS Break to 175 or going towards 200-220 level ? All depends upon how overall market is doing . If Spider is going towards 115-120 level and VIX is breaking down to 18-15 level, then for sure GS will reach 220 level.

There is a price movement "N" pattern forming in spider, In this Target CD = 2*AB. If this pattern is valid, Spider target will b 120 !! AB = 9.14 Points BC= 6.2 Points ( actual should be, around half of AB ) CD= 2 * AB = 18.28 Points AB Range 98.96 -108.10 =9.14 BC Range 108.10- 101.90 =6.2 CD Range 101.90 +18.28 Points = 120.18 !!!! Can You Trust..?

Previously I posted this chart. Now Gold broke reverse H&S pattern in 5 year chart. I think Gold will run more than we expect. When analyze cycle chart of Gold , Gold used to pull back last week of October.

50 % of retrace of SPX is 1121.44 is only 24 points away. It can be reached with in couple of days. Profit taking sell off can expect in this resistance.

Today re-test 1080 support in SPX. It holds and ready to go UP ? VIX lost 1.34 % . Have a great week end.

We are in Trending market. Is that Bull Market again ? Yes with 10 % unemployment !!! If this trend continues SPY can easily reach 115 by end of this month. VIX lost about 5 % today. It can easily reach in teens with in couple of weeks. (CAUTION). Ride the market with extra CAUTION. ( If you are not using : PPS indicator-daily will give you hint of reversal)

Dow 10 K again !! :) There are good chance market can push towards 1121.44, eventually. In my trading system, in spider both hourly and daily chart is showing buy signal, which is generated in 105 level. While analysing VIX hourly is showing UP signal but daily still in down. VIX is in low level, can be pushed down to teens. Need to be CAUTIOUS

Even though today was sideways and low volume day, Spider daily and hourly shows bullish. VIX is low 23 at support. If VIX didn't broke down towards low, it will be choppy in 108 level of resistance. Heavy earning days are coming, so we can expect anything. Watch price action.

Earnings Announcements for Tuesday, October 13 Company Symbol EPS Time Add to My Conference Estimate* Calendar Call CSX Corporation CSX 0.71 After Market Close Add Listen Domino's Inc. DPZ 0.15 Before Market Open Add Listen Intel Corporation INTC 0.27 After Market Close Add Listen Johnson & Johnson JNJ 1.13 Time Not Supplied Add Earnings Announcements for Wednesday, October 14 Company Symbol EPS Time Add to My Conference Estimate* Calendar Call Abbott ABT 0.9 Before Market Open Add Listen Hdfc Bank Limited HDB N/A Time Not Supplied Add JPMorgan Chase & Co. JPM 0.49 07:00 am ET Add Earnings Announcements for Thursday, October 15 Company Symbol EPS Time Add to My ...

Friday Spider closed at resistance and made double top. VIX is in very good support area as well. What is next ? Most probably we can see a small pull back to 103-102 level in spider and pushing UP towards 115-117 range