• Home

chartprofit.com

Daily analysis - Stock Market, Bonds, Forex and more

Chartprofit eBook 28th June

Posted on July 1, 2013 Written by Chart Prophet

Chartprofit eBook:

https://chartprofit.com/ebook/130628_Charts.zip

 

The DNL Reader is required to view the eBook.

If you do not have this program please download it here:

www.digitalwebbooks.com/reader/

 

pdf version available

https://chartprofit.com/ebook/ChartProfit_130628.pdf

 

*********** PRICE PERFORMANCE / LOCATION

SPY closed on Friday within Mon-Wed Hi-Lo range which indicates no bias on the weekly timeframe. Buyers have not been active on this timeframe for six weeks.

ES Analysis: ES found Support early last week at the 11mn poc at 1548. Price below this level would be very weak location.

ETF Support as follows: SPY 155.80; DIA 144.24; QQQ 68.62; IWM 93.62.

ETF Resistance as follows: SPY 162.40; DIA 150.14; QQQ 72.05; IWM 97.87

Supporting Charts:

Bonds TLT: Last week printed its lowest level since Sep 2011.

Oil USO: Ended the week printing at the 34.20 area of S/R. Momentum is positive but has turned down.

Gold GLD: Last week printed its lowest level since Aug 2010.

Silver SLV: Last week printed its lowest level since Aug 2010.

Dollar Index: Held major poc support at 80.15 in June and is now printing above the 12mn poc at 82.73. Momentum is up and positive.

EURUSD: Momentum is down and negative. Printing below the minor Support at 1.3081, 1/2R off April low. Next Support is the maj poc at 1.2777

*********** BREADTH

CP Market Timing System remained negative for Nyse and R2000; turned back to positive (from eutral)for Nasdaq and remained negative for UK.

%Stocks>50dyma numbers: Nyse 41%, Nasdaq 58%, R2000 55%, UK32%. Numbers >50 are considered supportive. Numbers >80 are considered overbought.

*********** SENTIMENT

Consensus Polls:

06/28: AAII (public poll). Bulls% was lower at 30.3% (from ). Bears% was higher at 35.2% (from 30%). The nett is therefore lower at -4.9. An increase in retail bearish sentiment.

06/28: Investors Intelligence. Bulls% was lower at 41.7% which is the lowest since w/e 30th November. Bears% was higher at 25% which is the highest since w/e 7th December. The nett (Bulls-Bears) is therefore 16.7, which is the lowest since w/e 30th November. This is down from 36.4 five week’s ago which was the highest since May 2011.

06/28: Market Vane (advisers) poll was sharply lower at 58 (from 65). The lowest number since w/e 16th November.

06/28: The NAAIM number (a measurement of average current equity exposure among active money managers) was sharply lower at 34.21, the lowest number since June 1st 2012..

Mutual Fund Flow:

06/28: My version of the Rydex Assets Ratio ended the week at 2.68. Wednesday’s ratio at 2.62 was a multi-month low. From a contrarian perspective this is worth noting. The previous significant market correction ended in mid November with the Ratio as low as 2.57 at that point.

06/28: lipperusfundflows reported Equity Fund outflows of -$6.8 billion in the week to 26th June. The 4wk Flow number is -5.01 which is the lowest since w/e 23rd Nov last year.

06/28: lipperusfundflows ex_ETFs reported Equity Fund inflows of $1.6 billion in the week to 26th June.

Option Ratios:

06/28: ISEE (equities only) Index_10dyma printed a multi-year low last week.

Filed Under: eBook

Archives

Copyright © 2025 · Focus Pro Theme on Genesis Framework · WordPress · Log in