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   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


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To: rimshot who wrote (771)12/6/2022 2:48:01 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 391.33 = hourly 200-period SMA current value
SPY 392.46 = hourly 200-period EMA current value, December 6 afternoon

stockcharts.com

SPY 391.64 = low of day, so far with 80 minutes remaining to the cash market close

392.32 now printing

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To: rimshot who wrote (1045)12/6/2022 3:03:28 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 393.35 = adaptive all-hours chart element which must be surpassed by
intraday bounces today, or SPY heads back down

value is accurate for no more than 18 minutes, depending on speed of current price changes

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To: rimshot who wrote (1042)12/6/2022 4:08:16 PM
From: rimshot
1 Recommendation   of 1309
 
S&P 500 sectors XLE & XLY closed December 6 a decent distance
below their 55-day EMA, while XLK remains only slightly above its
55-day EMA

* bears want to see additional S&P 500 sectors achieve future daily
closes below their 55-day EMA's

October 26, 2022 update for the Percentage weighting of each
S&P 500 sector -

pbs.twimg.com

* Note - the S&P 500 index is calculated each moment based on the percentage weighting
for each of the 500 stocks; it is a Market Capitalization weighted index

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To: rimshot who wrote (1045)12/7/2022 11:31:47 AM
From: rimshot
1 Recommendation   of 1309
 
SPY 20-day EMA = today's December 7 resistance region at today's 395.64 high of day, so far

* the declining 150-day SMA is a possible down target #3 today or in future days,
resting below today's 391.97 low of day, so far

1749.00 = $OEX low of day, so far ...
a firmly bearish daily chart based on violating and now holding
below the prior multi-week intraday price lows ... will this chart condition continue?

$OEX daily -

stockcharts.com

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To: rimshot who wrote (1046)12/7/2022 1:20:24 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 394.65 = adaptive day-session-only chart element which must be surpassed by
intraday bounces today, or SPY heads back down

value is accurate for no more than 35 minutes, depending on speed of current price changes

394.59 = latest intraday bounce high, so far -- December 7

* Important note - /ES futures tested and found support at the 50-day EMA region prior to today's cash
market open

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To: rimshot who wrote (584)12/7/2022 4:14:14 PM
From: rimshot
1 Recommendation   of 1309
 
daily plot of the percentage of the 100 stocks comprising the Nasdaq 100 index
which individually rest above their 150-day SMA
has now nearly tagged this statistic's recent daily close low of 53%

stockcharts.com

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To: rimshot who wrote (1048)12/8/2022 12:29:22 PM
From: rimshot
1 Recommendation   of 1309
 
$SPX has not yet violated its 100-day SMA ( 3930.35 ) for a daily close -

S&P 500 daily closes chart -

stockcharts.com

3910.08 = $SPX 50-day EMA current value

* the December 7 and December 8 overnight /ES futures tested the 50-day EMA region from above,
which held as firm support

$OEX daily -

stockcharts.com

1778.96 = 100-day SMA, violated by the December 7 & 8 daily closes

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To: rimshot who wrote (1049)12/8/2022 1:59:42 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 397.24 = adaptive day-session-only chart element which must be surpassed by
intraday bounces today, or SPY heads back down

value is accurate for no more than 90 minutes, depending on speed of current price changes

397.36 morning high and 397.27 afternoon high, so far December 8

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To: rimshot who wrote (1052)12/8/2022 2:59:12 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 396.07 = adaptive chart element which must be surpassed by the most recent
intraday bounce today (396.02 ), or SPY heads back down

value is accurate for no more than 10 minutes, depending on speed of current price changes

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To: rimshot who wrote (1043)12/8/2022 3:48:51 PM
From: rimshot
1 Recommendation   of 1309
 
SPY 409.29 = the September 2022 daily close high, a multi-month close high surpassed once
on an intraday basis by the 410.00 print in December

SPY daily closes chart -

stockcharts.com

* in preparation for the December 9 PPI release & next week's CPI release and FOMC day

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