chart: SPY daily signal

Courtesy of eSignal

Note tht the SPY daily chart is showing some weakness. 
Additional signals are still needed on this chart and on the weekly chart to confirm a change in trend from up to down.
The definition of a down trend is lower highs and lower lows and we do not have that yet.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

chart: Stock/Bond Ratio

Matter government bond is stronger than S&P 500?

by Chris Kimble | Jun 26, 2017 | Kimble Charting

Stocks have done well this year and the past 90-days. Which would you rather have owned the past 90-days and Year to date, the S&P 500 or Bond fund ZROZ? Below looks at the performance of the S&P and ZROZ over the past 90-days.

Over the past 90-days, bond ETF ZROZ has nearly doubled the returns of the S&P 500. Despite the S&P doing well this year to date, ZROZ has done even better than the S&P 500, gaining around 3% more. Below looks at the Stock/Bond Ratio (SPX/ZROZ) over the past few years.

Courtesy of KimbleCharting

 Does it matter that bonds are stronger than stocks? Do bond traders know something that stock traders don’t?
Maybe it doesn’t matter until it matters applies to stock & bond performance of late! So far, the bond strength the past 90-days, doesn’t seem to matter to the stock market. If the stock/bond ratio would happen to keep heading south, in time I humbly feel it will matter and will send an important message, if it does.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

chart: SPY vs Hi-Lo 10DMA

The 10 Day Hi-Lo has created a triangle pattern.
When the SPY makes a higher high while the 10 day Hi-Lo starts to drop, be on watch.  In the past divergences appear at most turns in the market.  At the very least, the 10 day Hi-Lo develops lower highs and lower lows at or near tops and higher highs and higher lows at or near bottoms.  
But here we have a triangle pattern and right now there is no indication if it will break out of this pattern up or down.  But it is getting closer to the vertex.  So a break out should happen very soon.




Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

SentimenTrader Finds...

Courtesy of @sentimentrader

Courtesy of @sentimentrader

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

Picasso Cycle Updates

In this update only the date/s will be mentioned with an "H" for high and a "L" for low.
The chart amplitude can and will be misleading at times.
In addition, it is the date/s that is most important rather than if that date is a projected high or low.
One important reason is because in some cases a date may invert and the "H" or "L" may not mean anything.
A low may actually turn out to be a high and visa versa.
Also it is very important that other tools always be used to confirm any potential ST Cycle Date. 

Picasso Dates, always +/- 
Mar 3-14 H - high occurred on Mar 15th
Mar 20-28 L - possible low occurring in this time frame - Low occurred on March 27th
Apr 10-13 H (+/-) - high occurred on April 5th & later on Apr 10th
Apr 4/21-24 L (+/-) - lows occurred on April 13th, 18th, 19th, 21st
Apr 28- May8 H - highs on April 26th & May 9th...only 3 day correction, then grinded higher
May 21 L  - actual low 2 TD's early on May18
May 25-June 1 H - June 1 hit a high then grinded marginally higher to June 9
June 10-19 L - actual low June 16
June 28-July3 H

Comments
See new comments in blue above and below.

Long term indicators appear positive, so far.  Negative divergence on many indicators were broken very late last year and so they now suggest further upside.  So, if pullbacks develop into the Picasso cycle date lows and daily indicators are OverSold, it may present a good buying opportunity.
In addition, the LT cycles appear to have shifted.  The LT cycles now suggest a high around April-June +/-, a low in August +/- & a high in November +/-. 
Always remember to confirm cycle dates with your or your professional investment advisors analysis.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  Past performance is not indicative of future results

chart: Buying Pressure vs SPY

The above chart shows each time the Buying Pressure was 17 or higher since January 2014.  The buying Pressure just hit 17 on June 15,2017.
If the market went higher it was a grind higher then it eventually dropped.  Otherwise the market went into a sideways trading range then down.

If this pattern continues it will coincide with the Long Term/Intermediate Picasso cycles suggesting a Summer pullback.   Let's keep an eye on it.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

chart: SPY vs Buying Pressure

This chart is self explanatory.  
Just compare the red vertical lines at the peaks in the Buying Pressure to the SPY chart and see the subsequent movement in the SPY.
The red circle is where we are today.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

charts: QQQ, DIA

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

The above charts speak for themselves...

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results

chart:SPY vs Hi-Lo 10DMA

The 10 Day Hi-Lo has created a triangle pattern. 
When the SPY makes a higher high while the 10 day Hi-Lo starts to drop, be on watch.  In the past divergences appear at most turns in the market.  At the very least, the 10 day Hi-Lo develops lower highs and lower lows at or near tops and higher highs and higher lows at or near bottoms.  
But here we have a triangle pattern and right now there is no indication if it will break out of this pattern up or down.

Buying Pressure has been rising and is in or close to an area where highs have been made.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. 
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results