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   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


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To: rimshot who wrote (1058)12/12/2022 9:46:01 PM
From: rimshot
1 Recommendation   of 1309
 
$410 Million - Market on Close selling imbalance - Monday December 12, 2022 as of 3:51 pm Eastern

$3.2 Billion - Market on Close selling imbalance - Friday December 9, 2022 as of 3:51 pm Eastern

* $2.3 to $9.5 Billion represents historical large or extreme size for selling imbalances

** in the first 13 trading days of January 2016, the size of the MOC sell imbalances was larger than usual ...
and was seen for consecutive days which is a rare event

Note - Phil Mackintosh, Chief Economist for the Nasdaq in 2019, has written a thorough article explaining the importance
to market liquidity that institutions and market professionals are provided
the preliminary MOC Imbalance quantity announcements in advance of each day's
close for each individual stock ( article published September 2019 )

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To: rimshot who wrote (1065)12/12/2022 10:04:49 PM
From: robert b furman
   of 1309
 
Hi Rim,

Great observation.

Historically in the past has that been a significant bullish event?

TIA

Bob

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To: rimshot who wrote (1039)12/12/2022 11:16:48 PM
From: rimshot
1 Recommendation   of 1309
 
below 70.0 percent - S&P 500 Bullish Percent Index value, Monday December 12, 2022
at 70.0 percent - S&P 100 BP
below 70.0 percent - Dow Jones Transports BP
below 80.0 percent - Dow Jones BP
at 60.0 percent - Nasdaq 100 BP
near 50 percent - NYSE Composite BP ( 60.79 = August high )
near 40 percent - Nasdaq Composite BP

David Keller, CMT quote November 11 about reliably identifying a rally reversal -

" the S&P 500 Bullish Percent Index is now above 70%.
The 2022 playbook says a reversal back below the 70% level
indicates the bear market rally is over. "

stockcharts.com

above 70.0 percent - S&P 500 Bullish Percent Index value, Friday December 2, 2022
above 80.0 percent - S&P 100 BP
at 80 percent - Dow Jones Transports BP
above 80.0 percent - Dow Jones BP
above 80.0 percent - Nasdaq 100 BP
below 60 percent - NYSE Composite BP ( 60.79 = August high )
below 50 percent - Nasdaq Composite BP

Message #1016 from rimshot at 11/26/2022 2:26:44 PM

above 70.0 percent - S&P 500 Bullish Percent Index value, Friday November 25, 2022
above 70.0 percent - S&P 100 BP
above 70 percent - Dow Jones Transports BP
above 70.0 percent - Dow Jones BP
below 70 percent - Nasdaq 100 BP
below 70 percent - NYSE Composite BP
below 70 percent - Nasdaq Composite BP

Message #1012 from rimshot at 11/20/2022 6:27:54 AM

70.6 percent - S&P 500 Bullish Percent Index value, Friday November 18, 2022
77.0 percent - S&P 100 BP
75.0 percent - Dow Jones Transports BP
70.0 percent - Dow Jones BP
67.0 percent - Nasdaq 100 BP
55.1 percent - NYSE Composite BP
41.7 percent - Nasdaq Composite BP

Message #1005 from rimshot at 11/12/2022 12:10:16 PM

74.2 percent - S&P 500 Bullish Percent Index value, Friday November 11, 2022
79.0 percent - S&P 100 BP
80.0 percent - Dow Jones Transports BP
76.0 percent - Nasdaq 100 BP
63.3 percent - Dow Jones BP
56.2 percent - NYSE Composite BP
42.2 percent - Nasdaq Composite BP

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To: rimshot who wrote (1065)12/13/2022 1:20:25 PM
From: rimshot
1 Recommendation   of 1309
 
the /ES descending tops trend line drawn from the all-time high
was located at the 4187.50 to 4188.00 region early this December 13th morning
before the cash market open when /ES briefly spiked to 4180.00 at the time of
the CPI and Core CPI data releases

* the /ES declining trend line has only several price events when it has been closely approached
over the recent months

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To: rimshot who wrote (1064)12/13/2022 1:26:06 PM
From: rimshot
1 Recommendation   of 1309
 
a close examination of the eleven S&P 500 sectors, five of which comprise more
than 50% of the index value:

Summary chart interpretation:
the eleven daily charts together present collective proof
that more than a modest amount of vulnerability continues to exist
for the trend-unhealthy sectors to drag downward the few slightly trend-healthy sectors
in the coming weeks / months ( trend viewed since February 12, 2021 )

after each day's close, Fidelity provides an update for the Market Capitalization
dollar value of each eleven S&P 500 sector, and a Percentage weighting influence
on the S&P 500 Market Cap Weighted index can be calculated from this data -

eresearch.fidelity.com

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To: rimshot who wrote (1045)12/13/2022 1:46:41 PM
From: rimshot
1 Recommendation   of 1309
 
399.29 = SPY rising 600-day SMA current value, as of 1:42 pm Eastern time December 13, 2022
399.07 = SPY low of day so far, as of 1:58 pm Eastern time

stockcharts.com

* the two short-term Net Advance-Decline oscillators representing 1. issues breadth & 2. volume breadth
have been in a negative chart location below their zero line for a # of consecutive days

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To: robert b furman who wrote (1067)12/13/2022 1:56:25 PM
From: rimshot
1 Recommendation   of 1309
 
reply to Bob: I have recently been asked this question by professional money managers
who should know better than to rely upon anything but being thorough in
their independent analysis of chart facts as they develop

I cannot allow myself to participate in taking short cuts to interpreting the present or the future, and I avoid
enabling others to do so

evidence-based chart interpretation requires examining as much actual evidence as time and
knowledge permits

hope you & yours are well, and enjoying life

I have 9 consecutive days of snow shoveling without mechanized equipment
under my belt, and am enjoying the exercise & time outdoors

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To: rimshot who wrote (1066)12/13/2022 9:09:35 PM
From: rimshot
1 Recommendation   of 1309
 
$1.1 Billion - Market on Close buying imbalance - Tuesday December 13, 2022, reported 3:52 pm Eastern

$410 Million - Market on Close selling imbalance - Monday December 12, 2022 - 3:51 pm Eastern

$3.2 Billion - Market on Close selling imbalance - Friday December 9, 2022 - 3:51 pm Eastern

* $2.3 to $9.5 Billion represents historical large or extreme size for selling imbalances

** in the first 13 trading days of January 2016, the size of the MOC sell imbalances was larger than usual ...
and was seen for consecutive days which is a rare event

Note - Phil Mackintosh, Chief Economist for the Nasdaq in 2019, has written a thorough article explaining the importance
to market liquidity that institutions and market professionals are provided
the preliminary MOC Imbalance quantity announcements in advance of each day's
close for each individual stock ( article published September 2019 )

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To: rimshot who wrote (1072)12/14/2022 9:14:46 AM
From: robert b furman
   of 1309
 
Hi Rim,

We ran 9 hours in a torrential downpour. Covered 590 miles. This morning is much nicer , no wind gusts and NOT RAINING.

My 70 year old eyes don't do night driving in the rain very well.

Looks like you got dumped on with many inches of snow.

I got my fuel oil tanks in Wisconsin topped off yesterday early in the morning. Should be good to go till sturgeon spearing in February.

Your Nordic skiing trails should be beautiful and deep I'm guessing.

Go to go, longer half of drive is today.

Enjoy all four seasons.

Bob

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To: rimshot who wrote (1071)12/14/2022 11:10:08 AM
From: rimshot
2 Recommendations   of 1309
 
scalp short from 404.95 HOD region, based on 2 time frames

not expecting more than 9 $SPX points profit, but will take more if technicals merit

SPY 403.31 = down target #1 that is possible

SPY 402.47 = down target #2 possible

1809.14 = $OEX HOD so far

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