Market Diary

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 !!