00A DIA One-minute
8/31 - The major averages barrel upward, but under the surface, several sectors and most foreign markets have started downward in red minichannels now. Not serious yet, but could certainly signal the beginnings of a trend change. Stochastics are all up at the upper extremes. Should only be a matter of days to another correction of sorts.
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8/28 -- Small breaks are occurring all over the place on one-minute charts and minichannels of longer charts. A number of stochastics are curling down and VIX is starting to rise again. Things may hold up prior to the holiday weekend, but yellow caution flags are up for next week all around.
The Russian situation may blow over, but the market remains vulnerable to a pullback simply on an overbought momentum basis, so news may be irrelevant. Doesn't have to be a big correction yet, but it certainly is the dangerous part of the calendar.
8/26 -- Still trending up on all the short term and one-minute charts, but stochastics are peaking and starting to curl over. May hold up until labor day weekend, but getting very vulnerable now for the following week.
Based on the comparison with the year 2000 (when mid September was the Internet bull market peak), we remain on high alert.
8/19 -- The trend continues upward on both 1-minute and 30-minute charts. VIX collapsed back to 12 and the momentum indicators are not yet at the upper extremes...so up we go, though most charts are at the top of their channels and subject to an in-trend pullback.
Most equities are extending, but USO is about to hit a long term support line after a long decline. Take a look!
8/18 -- The Russian incident did not alter the basic recovery picture as all one-minute uptrends remained intact (even IWM after initially broke). Furthermore, the 30-minute charts now say that the correction is over and not just the first leg of something larger...yet.
00B SPY 1-minute
00C IWM - 1 min
00C QQQ - 1 min
00D Volatility Index 1-min
01A DIA - 30 min
01B - DIA one-year
02A SPY - 30-min
02B SPY - Daily one-year
03A QQQ - 30 min