Market Diary

According to Stocks and Commodities magazine - April 2011, Market future is as follows..

Here is the 2012 major turn dates. Expecting 12/12/11 to 12/28/11 a down turn. 12/28/11 to 3/16/12 a up turn ..

More sellers in 1260/1270 areas. Short term range is 1230-1270 right now. Will S&P re test 1170 again before going towards 1310 resistance ?

Seasonal rally started ? Can S&P clear 1250/1270 this week !! If so next resistance will be 1320-1340

Congestion in 1200-1190 area

Watching close, how this SPX Bullish pattern will work out. Seasonally it is bullish time. Only Chaos is Europe. ;)

All of market breadth indicators are over bought.I think a pull back is imminent before a seasonal rally !!

Daily and Weekly Summation indexes are in oversold area and expecting a bullish movement, at least weekly summation index gets 485 level and daily become overbought area.

$NYSI summation index is bottom like June 27 TH level. Most of this level sudden change in trend can expect. I think there is more up side risk than down side. My expectation is VIX could go to 25 level when we approach towards September long week end.

Please refer my 2010 Dec 1, posting. http://fazdane.blogspot.com/2010/12/planning-to-load-up.html

Here is 2011 and 2012 over all market look like according to Bradley Siderograph and Important turn dates for coming 5 Years

NYSI - daily is setting up a bullish movement in the market .. I think market will move until VIX turn to 13-14 range and will chop toward sideways to UP.. Waiting for Thursday to get some puts for "Linked in" !!

From April 29 TH to May 20 TH market is showing lower highs and lower lows in tight range. But when you look at from March 16 TH low to May 20 TH market is doing Higher Highs and Higher Lows Short Term : Bearish . Long Term : Bullish ( Until market break down 1318) Pattern : Hourly chart showing Reverse H&S pattern (Bullish) as well.!! =================================================================== When we look at this in Bollinger band perspective , price is near lower BB and historically when price reach lower BB expect a rally Market seems bullish ================================================================ VIX : VIX is in tight range of 19 -14. Now it is in 17. Market seems 2:3 range with Bearish : Bullish More Bullish than bearish ================================================================= Weekly NYSI : NYSI is showing higher lows and higher highs in tight range. There are more room in bullish side NYSI : Bullish ================================================...

Market was extremely choppy in last two weeks. Will that continue ? I think there are more down side risk than up side !! due to following reasons 1. In SPX intraday chart, showing a Head and Shoulder pattern. Pattern is not valid until price break down 1332. It can happen in next week. 2. VIX is in supporting area (15-17) . Upper resistance is 26 3. Dollar (/DX) is going UP ( when dollar UP equity will go down) 4. Copper is a leader of $SPX, which is going down. If Market is going down from Monday, good support will be 1300. and Next turn could be June 6 TH. (Moon Cycle) HhhhMMMMMMM... Well said, What .. if more buyers show up and bears are hesitate to sell this market ? !! In daily $SPX, now price is in diagonal support. If more buyers show up next up side resistance is 1370. If that happen, Market will be more bullish and see higher highs and lower lows.. My Bullish Bets :PCLN,ISRG,CMG,MA,NFLX,IBM,CF,SINA,SOHU,SLV,NKE My Bearish Bets :GOOG,GS,SPY,FSLR,AEM,X

Starting New cycle towards 1345 ? If this trend continues, next turn will be on 5/16. FYI: All vertical lines in the chart is moon cycle !!

As expected market reached its high and ready to turn again, due to following reasons.. 1. Market pinned long term diagonal resistance 2. VIX pinned last support. (There are more upside risk than down side ) Astro Traders .. 1. Full moon is coming on 18 TH Monday. And more .. Euro is yearly high and ready to move down Dollar is low Bonds are low and ready to turn

Bull run is going to over soon.. I think so because.. 1. VIX is in lower level of 18 right now. If we get 2-3 points down that will be 16-15 level !! Whenever VIX reach 15 level, market have higher tendency to sell off.. In current market volatility conditions, it could happen with in 3-4 trading days.. 2. SPX is reaching higher level, it could go to 1330 or 1334 (worst scenario) and possible sell off on double top pattern. 3. Astro Traders : new moon is coming on April 3rd , so April 4 TH could be a sell off day ..!!

Following chart could be a future look like, by analyzing the price movement of the spider.

Expect a healthy correction in the market. VIX is in support. Healthy correction must be a multiple weeks event ( not one day event like Jan 28 TH) and must be 10-15 % correction. If you watch Astro-traders; Bradley turn date and and a Full moon day is coming on Feb 17 TH and 18 TH. NOTE: ALL BEAR HORMONES WILL ACTIVATE ON FULL MOON DAY !! :) CAUTION : ----------- Protect all your portfolio. Good time to buy puts when VIX is low as 15 and below, If market is not correcting make that in to Bull Put spread. Reminder: ---------- 1. A Market turn date is approaching in Feb 17 TH. 2. Full Moon is on Feb 18 TH 3. Market is not corrected since Sep 2010

Here is the short list for 2011, to Invest and Trade. Please find the suitable setup for trade in the following equities