chart: SPY vs Buying Pressure

Note that the Buying Pressure has been dropping. 
See what happened to the SPY during previous similar times.

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Past performance is not indicative of future results

chart: updated SPY vs 10DMA Hi-Lo

Negative divergence is still noted in these charts.  The 10DMA of Hi-Lo continues to drop.

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A webinar worth seeing!

This is from ---> Kimble Charting Solutions Website

This link was extracted from this free email and is worth looking at

http://bit.ly/2hTLnNk


Hi,

Seasons greetings!.  I hope things are well with you.
Each month I conduct a live webinar for our Premium Members to discuss Key chart patterns that are at extremes with a high potential for breakouts or reversals

I will occasionally post these videos on a delayed basis to our Youtube page  for your viewing.  I hope you find the information of value as you enter the coming year.

December's webinar is now posted on youtube. Take a look now and see the major patterns I'm watching and keeping members current on a daily basis.

While you're there, subscribe to the channel to receive updates in the future.  

And I sincerely appreciate your comments and questions All the best and a Merry Christmas to you and yours Chris Founder / CEO Kimble Charting Solutions Website Learn more about our research and available subscriptions here  Questions?   Reply to this email or Contact us toll free 877-721-7217 International 714-941-9381

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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

Getting to Dow 20,000

LunaticTrader.com
By Danny

Markets had a fairly flat week and a few attempts to push the Dow above 20k have come up short. The recent lunar red period ended with a 181 point gain for the Nasdaq and we are now starting a new green period. That would normally get us above 20k, but the green periods have been weak all year so that isn't helping much. Let's have a look at the S&P 500:

Courtesy of LunaticTrader.com

This index is bumping into a few overhead resistance lines. There is also a bearish divergence appearing in my Earl indicator (blue line), which is an early warning sign. The slower Earl2 (orange line) keeps going up, but may be nearing a top as well. The MoM indicator is still in the +8 very optimistic zone.
All in all the lunar green period and the slower year-end trading could be enough to push the S&P to 2300 and the Dow above 20k. But that is not a given and would probably be followed by a slow start in 2017.
A choppy market for the rest of the year would be healthier. Stocks could catch some breath and that would give us a nice setup going into January.
I don't know what will happen, but with most of my indicators looking rather stretched I am going to trade cautiously until those readings come down to more neutral levels.

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Past performance is not indicative of future results

chart: DJIA 52wk new high w/NYSE new highs & lows >100

Courtesy of Dana Lyons @JLyonsFundMgmt

The recent advance decline data was added so you can refer back to those dates on your charts.

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Past performance is not indicative of future results

chart: SPY weekly

Courtesy of eSignal.com

As long as the SPY closes the week at or below 225.88 the SPY Weekly Japanese candlestick is bearish.
The bottom window is OB and caution should be taken.  Similar times of OB and a bearish candle are noted by a yellow vertical line.

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Past performance is not indicative of future results

chart: SPY vs 10DMA Hi-Lo

Negative divergence is noted by the blue lines.  The red circle shows the down turn.
Also The 10DMA gave a sell signal today.

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Past performance is not indicative of future results

charts: Fear & Greed Index

Courtesy of CNN/Money

Courtesy of CNN/Money

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Past performance is not indicative of future results

chart: SPY & Tom DeMark's REI

The following chart is the weekly SPY.  Below is the REI (range expansion index by Tom DeMark)

Weekly SPY
  Yellow Bars & Red Circle - Over Bought and in an area where tops form

The Description

The DeMark Range Expansion Index is a market-timing oscillator described in DeMark on Day Trading Options, by T.R. DeMark and T.R. Demark, Jr., McGraw Hill, 1999. The oscillator is arithmetically calculated and is designed to overcome problems with exponentially calculated oscillators, like MACD. The TD REI oscillator typically produces values of -100 to +100 with 45 or higher indicating overbought conditions and -45 or lower indicating oversold. DeMark advises against trading in extreme overbought or oversold conditions indicated by six or more bars above or below the 45 thresholds. For more information on using TD REI the user is referred to the DeMark text.

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Past performance is not indicative of future results

 

chart: SentimentTrader Breadth Observation

Courtesy of @sentimentrader

Courtesy of eSignal

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepageThis 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

LMTR December 2016 newsletter

Why is the Market Headed for Big Trouble?

It’s all About Interest Rates and Indicators

 

By Brad Lamensdorf

Link to the December 2016 newsletter, Courtesy of Brad Lamensdorf
http://bit.ly/2hva6WT


See why Brad is saying:

"It remains difficult to find any value in the current market. Insider buying is nonexistent,

and valuation and sentiment both remain elevated. To make matters worse, interest rates have begun to rise. We remain 42 ½% net short after our October intra-month moves."

 

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chart: Fear & Greed Index

Courtesy of CNN/Money

This Index keeps grinding higher !
The Trump rally has gained at least 10% since Election Day!
Window dressing may push the market higher as we approach the last trading day of the year.
Carl Icahn recently said that the market may have gotten ahead of itself, but, money managers still need to show they are holding performing stocks in there portfolios by the end of the month, quarter and year.  
Watch out for a possible pullback the first week in January 2017.


Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepageThis 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: Fear and Greed Index

Courtesy of @VIXsquared

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepageThis 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: By Raj Times and Cycles

Courtesy of Raj Times and Cycles

Courtesy of Raj Times and Cycles

By Raj Times and Cycles:
What's next: We should make a Dec 8 High+/-1 at 2245 SPX +/-5 and start a retrace, we should then retest these Highs at a projected future major High date.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepageThis 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 Dates

In this update only the dates 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 that is most important rather than if that date is a projected high or low with amplitude as sometimes shown on the chart.
One important reason is because in some cases a date may invert and the amplitude 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.
 




Comments
The Picasso short term cycle dates have not been posted here for almost two months.  This is because the cycles have not been suggesting any short term swings.  Instead they have displayed much volatility and noise.  Hopefully this has all past.


Picasso Dates, always +/-
Dec 5 H
Dec 9-14 L (Dec 14*)
Dec 17-30 H (Dec 30*)
Jan 5-6 L

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepageThis 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: Indices Performance

Courtesy of ChaikinAnalytics.com

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Tom McClellan - Trump rally will end

How will stocks perform once Trump takes office?    

Tuesday, 29 Nov 2016 | 4:33 PM ET | 04:16

CNBC

Link for the CNBC video:

http://www.cnbc.com/2016/11/29/trump-market-rally-will-end-after-inauguration-expert-predicts.html

 

The market may be rallying on President-elect Donald Trump's victory, but one market expert told CNBC he expects that to end after Inauguration Day.

That's because that has been the pattern when a new president from a different party takes office, said Tom McClellan, editor of the McClellan Market Report.
After the election, hopefulness and euphoria usually sends stocks higher because "everybody assumes that whatever's wrong is going to get changed or fixed by the new guy even though nobody's doing anything yet in terms of governing," he said in an interview with "Closing Bell" on Tuesday.
However, the morning after the inauguration, people realize the problems still exist and it will take longer to fix them, he noted.
"That tends to bum everyone out and so they sell their stocks."
And that's not the only thing that can discourage investors, according to McClellan.
Typically, a new president from a different party finds that things are worse than he said during the campaign, and the only solution is whatever package of tax cuts or tax hikes or spending he wants to get through Congress, McClellan explained.
"Investors don't like to hearing that things are worse than we expected and that tends to depress prices during the first year of a new term."
Trump will be sworn in as the 45th president of the United States on Jan. 20.

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1st Day of the Month Gains

DJIA gains more on first day than all other days 

Over the last 15 1/4 years the Dow Jones Industrial Average has gained more points on the first trading days of all months than all other days combined. While the Dow has gained 5481.72 points between September 2, 1997 (7622.42) and December 31, 2012 (13104.14), 5323.19 points were gained on the first trading days of these 184 months. The remaining 3674 trading days combined gained just 158.53 points during the period. This averages out to gains of 28.93 points on first days, in contrast to only 0.04 points on all others. See Table 1.

Note that September 1997 through October 2000 racked up a total gain of 2632.39 Dow points on the first trading days of these 38 months (winners except for seven occasions). But between November 2000 and September 2002, when the 2000-2002 bear markets did the bulk of their damage, frightened investors switched from pouring money into the market on that day to pulling it out in fourteen months out of twenty-three. This netted a 404.80 Dow point loss. The 2007-2009 bear market lopped off 964.14 Dow points on first days in 17 months from November 2007 to March 2009. First days had their worst year in 2011, declining seven times for a total loss of 644.45 Dow points.

First days of June have performed worst. Triple digit declines in four of the last five years have resulted in the worst net loss. August is the second net loser. In rising market trends, first days perform much better as institutions are likely anticipating strong performance at each month’s outset. S&P 500 first days track the Dow’s pattern closely but NASDAQ first days are not as strong with weakness in April, August, and October.

Courtesy of Jeffrey A. Hirsch

 For more information contact
 JEFFREY A. HIRSCH, editor-in-chief of the Stock Trader's Almanac and Almanac Investor newsletter, and the author of The Little Book of Stock Market Cycles (Wiley, 2012).
 www.stocktradersalmanac.com

 

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepageThis 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