Market Diary

Spider : Bull Flag Formation Gold : Bull Flag Dollar : slow but UP today VIX : Going towards 20 s again ?

VIX is in a good support. Even though Market rallied, VIX doesn't reflect significant change. People are scared !!

New Moon cycle starts Nov 16 - Dec 1 ST. Will that be a down cycle ?

Here is the moon cycle of the SPY

SPX is in a bullish triangle right now. when look at the VIX , VIX is in a major support. What it mean is, Monday Bulls need to try hard to break UP SPX and break down the support of VIX. Need more volume to do that, else market will be choppy towards down side until VIX reach 26 and rally

All the chart look same. Most of them hit resistance and pull back. Next Up turn could break all resistance and run more. I think most of the tickers will run until 16-25 th of the NOV.

In Diamonds daily, I got buying signal from Friday, Possible target is 105. If market is holding tomorrow at 101.90 (Daily Pivot), that is good point to get in. Notice, Percent R (daily) is 70, means there are more room to go UP. It is not over bought area yet. The Pull down or lower open (if market does) tomorrow can be a re entry to DIA .

If Market follow the pattern from last two months, the rally will last until Nov 16 th and Market could turn in to other cycle from Nov 17 th.

Dollar attained its target with big bullish candle

Technical : Gold has formed a valid reverse H&S pattern in 2 year chart Cyclical : Gold used to run up from Mid Nov to end of Feb every year .. (Person Study)

Fuel system next target 50 ?

Gold Bullish Flag

Gold is in new highs, Market still in bearish to Bullish mode in daily, Probably VIX will go towards 22-24 range.

VIX is getting in to new range even though it slow down today SPY - Day to day bearish, intra day showing some strength GLD- New high today, got daily buying signal today, Intra day buy signal got on 100.65

(c) Barrons

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