Friday, June 11, 2010

We moved

In case you didn't know we moved over to www.pikertrader.com

Come visit us

Wednesday, November 11, 2009

Divergence anyone?

Lots of divergence going on in the market, SPX is making new intra-day highs(has not made a new closing high) while breadth indicators and indicators that are not following this trend. 

NYAD- the last rallies were lead by the a higher highs on NYAD

TICK- the moving averages on tick are trending down, the last rallies they moved up with the market.

NYHL- (New High's and New Lows')- Last time stocks made new highs with the market.  Doesn't mean it can't happen but if the market is making new highs, so should stocks.


SPX (hourly)- MACD divergence, also notice the bullish divergence on the MACD before the rally.

SPX (daily)- MACD Divergence


IYT- Transports, double divergence on the MACD and with Dow Theory.  Trannies should be making new highs with the market

$USD- Bullish Divergence, MACD not making new lows, USD is.









Sunday, November 8, 2009

Some more charts

I got more comments just posting one chart on Friday then I do posting commentary. I really enjoy the charts people posted and comments. Thanks!
I guess KISS(Keep. It. Simple. Stupid) works.

So here are some more charts, feel free to post charts or make comments. Feel free to email me if you want me to post any charts you have.
Here is an updated chart from Friday. No real break of the triangle:

SPX Daily:

IYR:


$DJUSEN(DIG AND DUG)


NYSI is nearing a support level

Friday, November 6, 2009

Tuesday, November 3, 2009

Advancers and Decliners

Here is a chart of NYAD (Advancers-Decliners), notice anything different about the latest "dip". Breadth is stronger to the downside this time around then the previous market pullbacks.

NYAD has broken below its 3 important moving averages and it broke it's up trendline since March(trendline is not drawn on the chart). During this rally NYAD had never dropped below its 39EMA. It is now failing to get above the 39EMA and the other moving averages are crossing and looking bearish. If the 19 EMA crosses the 39EMA it can be seen as bearish. Of course breaks above these moving averages would be bullish and if NYAD starts leading price it would be even more bullish. But for now the NYAD looks bearish.

Here is NYAD in 2007-2008; notice when the NYAD moving averages cross