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   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


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To: rimshot who wrote (1280)5/22/2023 7:13:20 PM
From: rimshot
1 Recommendation   of 1309
 
S&P 500 sectors' 1-day Percentage gain for Monday May 22, 2023 -



a new multi-year low was printed January 10, 2023 for the $OEX vs. $SPX ratio
( .443400 = newest multi-year low )

stockcharts.com

stockcharts.com

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To: rimshot who wrote (1216)5/23/2023 5:40:40 AM
From: rimshot
1 Recommendation   of 1309
 
heads-up Alert: the QQQ daily chart shows 3 consecutive days in
which QQQ has spent a portion or all of each day
above its daily 200,2 upper Bollinger Band

9 months of daily chart history -

* will we see more days that QQQ price action rests above
the daily 200,2 upper Bollinger Band?

stockcharts.com

5 years & 9 months of daily chart history -

stockcharts.com

* you be the judge what the chart setup bodes for
the June through December 2023 time period

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To: rimshot who wrote (1281)5/24/2023 6:28:32 AM
From: rimshot
1 Recommendation   of 1309
 
S&P 500 sectors' 1-day Percentage gain for Tuesday May 23, 2023 -

SPY lost 1.1%


a new multi-year low was printed January 10, 2023 for the $OEX vs. $SPX ratio
( .443400 = newest multi-year low )

stockcharts.com

stockcharts.com

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To: rimshot who wrote (1283)5/24/2023 9:11:35 PM
From: rimshot
1 Recommendation   of 1309
 
S&P 500 sectors' 1-day Percentage gain for Wednesday May 24, 2023 -

SPY lost 0.7%

a new multi-year low was printed January 10, 2023 for the $OEX vs. $SPX ratio
( .443400 = newest multi-year low )

stockcharts.com

stockcharts.com

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To: rimshot who wrote (1272)5/25/2023 9:04:01 AM
From: rimshot
1 Recommendation   of 1309
 
689 = closing value for Wednesday May 24, 2023 -
the raw # of NYSE Advancing Issues,
conformed by StockCharts to equal the WSJ statistic

( 516 = lod / 846 = hod )

stockcharts.com

* three days in January 2023 posted end of day values surpassing the Friday
March 31 close of 2,506 for daily $NYAD

** important Note: the $NYA closed May 24 significantly below its
200-day SMA ( 15,160.15 ) by the largest percentage seen in May 2023, at the same
time the # of NYSE Advancing Issues printed a customary low value seen
over time

NYSE Advancers = 22% of the NYSE Total # of Active Symbols today

* bears rule only while the # of NYSE Advancing issues
divided by the # of NYSE Total Active Symbols rests below the 50% level

===========================================================

the raw # of NYSE Declining Issues at 2,260 is a level
not seen since mid-May 2023 -

stockcharts.com

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To: rimshot who wrote (1285)5/26/2023 7:12:24 AM
From: rimshot
1 Recommendation   of 1309
 
NVIDIA becomes first of “Super 7” to close its drawdown gap from prior peak:

* important to keep in mind that this group encompasses:

Tech,
Consumer Discretionary,
Communication Services sectors;

so, it’s not all a “tech” trade

t.co

- Liz Ann Sonders, Friday May 26, 2023 early a.m.


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To: rimshot who wrote (1065)6/10/2023 11:49:22 AM
From: rimshot
1 Recommendation   of 1309
 
/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

=================================================================

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

stockcharts.com

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To: rimshot who wrote (1101)7/2/2023 2:58:08 PM
From: rimshot
1 Recommendation   of 1309
 
$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 -

stockcharts.com

$OEX vs. $SPX daily close ratio plot in a line format -

stockcharts.com

$OEX vs. $SPX cumulative percentage change in the daily Relative Strength ratio
since April 1, 2021 close -

stockcharts.com

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To: rimshot who wrote (1288)7/5/2023 2:21:36 PM
From: rimshot
1 Recommendation   of 1309
 
3 of 4 chart elements show whether participation in the recent
price advance is:

Broadening
OR
Narrowing

stockcharts.com

daily chart #2 - count of NYSE net New 52-week highs minus New 52-week lows -

stockcharts.com

* 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
2 Recommendations   of 1309
 
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. "

t.co

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