To: rimshot who wrote (1065) | 6/10/2023 11:49:22 AM | From: rimshot | | | /ES futures -- Friday June 9, 2023 end of day update
* data below as of 4:00 pm ET
* The June /ES contract closed June 9 at 4307.50 S&P 500 cash index closed June 9 at 4298.86
* June contract vs. September contract comparison:
the September 2023 /ES contract now trades at a 43.75 premium to where the June /ES contract closed on Friday June 9 afternoon
The ongoing rollover event to the September 2023 /ES emini futures contract price action will be reflected in next week's price charts at ToS starting at Sunday evening's Open
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S&P 500 index, Nasdaq 100 index, S&P 100 index are all hugging the rising daily 55,2.1 upper Bollinger Band ... bulls do NOT want to see future declines showing large distances below the upper BB
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To: rimshot who wrote (1101) | 7/2/2023 2:58:08 PM | From: rimshot | | | $OEX vs. $SPX daily closes ratio barely moved for the recent 5 days, on a closing basis ... and at a much lower level for this ratio than in the prior week
so, either there is more relative participation in the price advance by the other 400 stocks in the $SPX OR only a few Mega Caps are offsetting relative under performance in the 100 stocks within the $OEX
my view, after looking at the top weighted 25 stocks in the $OEX is that the 400 $SPX stocks relatively outperformed on a percentage basis the 100 stocks in the $OEX as a group
this 11-sector summary available at SC provides additional evidence for my claim that last week we saw broadening relative participation by the 500 $SPX stocks in the most recent price advance .. you be the judge what occurs in the future near-term
* Consumer Staples ranked last for the current week

$OEX vs. $SPX daily close ratio plot for 2 years & 3 months -
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$OEX vs. $SPX daily close ratio plot in a line format -
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$OEX vs. $SPX cumulative percentage change in the daily Relative Strength ratio since April 1, 2021 close -
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To: rimshot who wrote (1288) | 7/5/2023 2:21:36 PM | From: rimshot | | | 3 of 4 chart elements show whether participation in the recent price advance is:
Broadening OR Narrowing
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daily chart #2 - count of NYSE net New 52-week highs minus New 52-week lows -
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* among an active symbol list of 3,000 to 3,040 NYSE member companies or funds |
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To: rimshot who wrote (1288) | 8/5/2023 8:05:38 AM | From: rimshot | | | JC Parets chart:
" This has been a perfectly logical time and place for stocks to roll over and commodities to resume their leadership once again. And we’re seeing it. "
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To: rimshot who wrote (1287) | 9/22/2023 10:16:02 AM | From: rimshot | | | ES 4385.83 = Sept 22 bull / bear pivot value
no upward Staying Power is likely unless ES holds above
value is valid for today only
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HAPI SP2 proprietary indicator shown at Trade Station was below its OverSold threshold level at the Sept 21 close ...
* and by a relatively large amount below the OS threshold
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To: rimshot who wrote (1292) | 9/22/2023 11:10:51 AM | From: rimshot | | | SPY 435.11 to 435.70 are key possible Up targets in coming hours or days
* future Upward Staying Power relies upon surpassing this price zone
so far:
444.97 = week High 431.23 = week Low ( lower lows printed in Thursday AH session ) |
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To: rimshot who wrote (1293) | 9/22/2023 1:47:40 PM | From: rimshot | | | SPY 429.90 = next lower down target is possible in coming hours or days
once 431.23 low of week fails to hold
432.52 = Resistance for new bounces, if any |
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To: rimshot who wrote (1241) | 9/23/2023 1:29:00 PM | From: rimshot | | | Scott's daily charts for five indices showing the ROC-25 smoothed with the 5-day EMA & 55-day EMA for trend interpretation of the positive or negative net Buying Power minus Selling Power when compared to the ROC zero line-
* Scott (RIP) smoothed the ROC in order to avoid trend identification whipsaw
( ROC stands for Rate of Change )
Scott's daily ROC-25 charts for each major index, smoothed with two moving averages for the purposes of:
1.ROC-25 moving average crossover vigilance
&
2.zero line crosses by either one of the two ROC moving averages are in a bullish location if above the ROC zero line and in a bearish location if below the ROC zero line ...
optimally the chart condition for both Moving Averages is required to confirm the probable directional Staying Power of any future upward or downward price action
*the ROC-25 smoothed with the 55-day EMA has been pointing down toward the ROC zero line for all indices
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* Note - veteran technicians consider the $VLE technicals as especially reliable for divining the US market direction
" The Rate-of-Change oscillator measures the speed at which prices are changing. An upward surge in the Rate-of-Change reflects a sharp price advance. A downward plunge indicates a steep price decline. Sustained advances often start with a big surge out of the gate.
Subsequent advances are usually less sharp and this causes a bearish divergence to form in the Rate-of-Change oscillator.
It is important to remember that prices are constantly increasing as long as the Rate-of-Change remains positive. "
( StockCharts.com ) |
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