March 12 Big Bull Market Update and Trending Stock Scan

Mar 12, 2015: 1:21 PM CST

As was suggested in yesterdays post, stocks stabilized off support with positive divergences and today were seeing the logical rally-bounce higher and its a big rally.

Buyers stepped in to support the market at least twice into the 2,040 S&P 500 pivot and kept it up into today.

Lets update our key levels, highlight the divergence, and of course note trending stocks today:

First, review yesterdays mid-day update for a real-time glance at the lengthy positive divergence at support and compare the outcome exactly what should have happened to todays bounce.

Members also had a deeper discussion of targets, inflection points, and likely price pathways that are realized today.

Quite simply, we expected the market to trade (inflect) up off the 2,040 pivot toward the current 2,060 level.

From this point into the close, were monitoring the 2,060 target and the move is complete use 2,600 as the current pivot.

A Quick Update of Cross Market Money Flow Grid March 11

Mar 11, 2015: 3:02 PM CST

There have been some big moves in the Cross-Market (Intermarket) Money Flow landscape recently.

Lets take a quick fly-by look at the Cross-Market grid and note these movements closely:

The four highlighted markets include the S&P 500 (@ES), Gold (@GC), Crude Oil (@CL), and the US Dollar (@DX).

Im using the continuous futures contracts for the quick comparison.

From February to present, weve seen the following trend movements:

• S&P 500: Money flow strongly in then a shift of retracement/selling pressure (money flow out)
• Gold: Persistent, almost non-stop Money Flow OUT

• Oil: No Trend or a sideways/volatile (gappy) trend that favors the downside
• US Dollar: Flat trend into a breakout then impulsive, rapid money flow IN

This is just a quick, snap-shot of these trends focusing on nothing but price and the intraday movement. Continue Reading

March 11 Support and Market Update with New Stock Scan

Mar 11, 2015: 2:38 PM CST

Todays session continued the selling pressure of yesterday, but the bears were less relentless.

Buyers stepped in to support the market at least twice into the 2,040 S&P 500 pivot.

Lets update our key levels, highlight the divergence, and of course note trending stocks today:

Our critical support pivot (intraday) will simply be the 2,040 index level.

Look for a breakout rally (short-term) should price break firmly above the 2,047 and 2,050 levels.

It could lead to a retracement back to the 2,060 level (at least for an upside target).

We note the lengthy positive divergence and rising TICK Channel as bullish support-bounce evidence.

Otherwise, this market is bear, bear, bear or sell, sell, sell under the 2,040 pivot.