Thursday, April 23, 2009

The interals of today's whipsaw

SPX ended up 1% today after a lot of whipsaw. Some indicators made some moves though to give a signal of what could occur in the next few days.

$NYMO- barely moved today, but was it key to watch is the moving averages are heading down now.



$NYAD- barely up today, the lowest move this year. And the 39 and 19 EMAs are coming closer which can bring $NYMO down. This shows with the $NYMO barely moving today.



$NYUD- Volume of the advancers is decreasing, as are the moving averages



$NYSI- If $NYAD starts falling $NYSI could turn over. The volitality of its moves has been declining for the last week.


$TICK-Actually closed negative today, but more importantly look at the 5EMA. Its heading down and almost below zero, so TICK has been declining the last 5 days


For a more brief summary, the MEGA CHARTS show the data as well. It is easier to see it on the charts by themselves.

MEGA B



MEGA