Market Watch

[spikefader]

$SOX a bullish candle today that I note corresponds to a potential 'c' long entry like the $COMPX.

$COMPX, very nice overnight 5min inverted SHS with neckline break today. Nice return to neckline support area, and shoulder support area that held twice solidly before the afternoon rally.

I'm so bullish I'm about to explode. Am I a lone man on an island??

[dmk112]

$SOX a bullish candle today that I note corresponds to a potential 'c' long entry like the $COMPX.

$COMPX, very nice overnight 5min inverted SHS with neckline break today. Nice return to neckline support area, and shoulder support area that held twice solidly before the afternoon rally.

I'm so bullish I'm about to explode. Am I a lone man on an island??

I don't know Spike, I'm not as confident ALTHOUGH I did like today's action and if Oil would just easy JUST A BIT we will definetly get a rally goings...so I guess its up in the air... I just would hope that darn VPHM to start rallying then I would be excited

[IIC]

$SOX a bullish candle today that I note corresponds to a potential 'c' long entry like the $COMPX.

$COMPX, very nice overnight 5min inverted SHS with neckline break today. Nice return to neckline support area, and shoulder support area that held twice solidly before the afternoon rally.

I'm so bullish I'm about to explode. Am I a lone man on an island??

I think we still need a healthy correction down to the 50 day on the Naz

[New-born baby]

Vphm

I just would hope that darn VPHM to start rallying then I would be excited

You are a good man, but I think you are in love. You don't own any of this do you? If I remember correctly, you are looking for an entry on her. I would say, she's not ready just now (unless you are shorting it). Look at the chart: bearish still.

[New-born baby]

12 August 2005

For a solid week now, Institutions have continued to keep the market propped up in spite of selling by smaller
investors. Those who watch minute charts of the NYA (NYSE Index) and the action of the other indexes can
see how the NYA (which has a majority of its volume coming from Institutions), will drop less and recover
before any of the other indexes.

This Institutional action is also showing up as a Divergent condition between the other indexes. For example,
below I have posted the NYA Index against the NASDAQ 100.

Note the slope of the lines from the recent highs between the two. The NYA has an up slope and a new
high. The NASDAQ 100's slope is flat and divergent from the NYA.

In spite of smaller investor selling, the Institutions continue to offset their selling which prevents the
market from going into a correction. When it comes to a question of who has the most influence
on the market between smaller investors and Institutions, the answer is obviously the Institutions.



A look at our BIMAC Model chart for the DJI shows that its Accelerator is still high and rose yesterday.
(BIMAC is an acronym for BIM=Body-In-Motion, and AC-Acceleration which are principles of physics.)

In the past few days, both the Body-In-Motion and BIMAC Accelerator have risen higher creating
a condition where the DJI now has the possibility of rising above its current trading range. These
are all large cap stocks, and the Institution's recent actions are supporting large caps over small caps.

At the same time, the DJI's Power Thrust of Money is positive, but decelerating. Unless this reverses,
then there won't be enough net-positive capital flowing in for the DJI to make a new high, and an up move will
simply run out of steam. If this changes, and we get a re-acceleration of the DJI's Power Thrust of Money then the
challenge of exceeding the previous high will become a possibility.



As Institutions are supporting the market, smaller investors fear levels have been increasing, but
its fast green trend line remains in Mild Fear Territory and improved to the upside yesterday with a
slight gain of confidence.

The Fear Index's Red/Blue Trend lines are trending down, but are still officially exhibiting Mild Fear.
It isn't until we get to "Fear" Territory levels that investor fear reaches a more serious level.

Did you read that? Institutional buying in the large caps. Looks like the foundation for a big move up

[ninner]

in the ibd they have a graph where they chart large cap growth funds vs small cap growth funds and when the line is heading down largecap outperform small cap and when its headed up vice versa...it was heading down but now seems to be going sideways...that supports that theory....also i guess this is why IBD has included a section that discusses only large cap stocks now..as they are becoming more popular!!! Your right the small cap stocks should follow after this large cap move!!!

[dmk112]

Until this down trend reverses i'm not too bullish on the markets... But once they break then I'll get on that bull and ride!!

[Runner]

Here is my slop chart for $COMPQ.

[IIC]

in the ibd they have a graph where they chart large cap growth funds vs small cap growth funds and when the line is heading down largecap outperform small cap and when its headed up vice versa...it was heading down but now seems to be going sideways...that supports that theory....also i guess this is why IBD has included a section that discusses only large cap stocks now..as they are becoming more popular!!! Your right the small cap stocks should follow after this large cap move!!!

My take on why IBD fetures this and the Under $10 stuff too...Maybe they have come to the realization that they can't sell a lot of papers to just Canslimmers...I personally don't believe there are that many true Canslimmers around anyway. Perhaps, they feel that people using other systems can still use some of the info they provide...Then they can expand their potential customer base...I'm not saying this is what they are doing...but if it is, then I believe it is a smart business move.

Come to think of it, I was at a DailyGraphs seminar 2 years ago and they had some people in the lobby with laptops showing the features...Of course "Big Mouth" IIC goes up and starts explaining how I use DailyGraphs...which is not for Canslim purposes. The guy demonstrating said something like "We realize that all people do not follow CS...But we offer a lot of useful info for other types of investors"...sic...That's one of the few things I've ever heard from the people who work their expo booths that actually made sense...Doug(IIC)

[Runner]

Few charts I’m bullish on

$BKX $BTK $DDX $DOT $HWI $IIX $INSR $SOX

Lot of tec in here looking pretty good.

[Runner]

Could this be possible? Looking at $COMPQ it seems to be in a corrective wave for now. Not certain of the count but it does not look Bullish to me. On a daily we are in a pattern, One day up, one day down. I would view a break below the lower channel as being very bearish.


Longer term trend (daily)

[dmk112]

Runner, good point...I definetly think we will be testing some downside (2100 on COMPQ is a strong possibility)

I won't be posting for a while as I'm going to Europe for sometime until the 1st of September...You guys take it easy and happy trading while I'm away...(I'm sure the market will bust through the upside since I won't be able to trade LOL)

[Runner]

Many of these Indices are now testing there 50 dma off a daily chart.

$DJA $MID $OEX $RUA $RUI $RUT $SML $SPX $WLSH

I think my money is better on the sidelines for now. Good luck if your opening a long position. I will move into stalk mode and watch the market, Might only consider scalp plays.

[mimo_100]

the old VIX

The old VIX (VXO) is breaking through its 200 day moving avg from below.

It had a low in the mid 9's in the middle of July and has moved to 13+.

It could retest 17, which it hit in the mid apr to mid May period. At that time the S&P 500 was around 1150.

The new volitility index (VIX) is definitely moving higher, right along its upper bollinger band.


Tim

[Runner]

Could this be possible? Looking at $COMPQ it seems to be in a corrective wave for now. Not certain of the count but it does not look Bullish to me. On a daily we are in a pattern, One day up, one day down. I would view a break below the lower channel as being very bearish.


Longer term trend (daily)

$compq 60 min chart update