TO READ THIS WEEK's POST CLICK HERE...

Saturday, September 8, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 03 September to 07 September, 2012 - Beat the last High !





 S&P 500: Long Term View (or) Month Chart (each candle is 1 month's price move)  (or) EOM Chart:  
S&P 500 - End of  Month Chart (EOM) - 07 Sept, 2012
 Above is the Month Chart - EOM - analyzing Data from mid 2009, onward. 






S&P 500: Medium Term View (or) Week Chart (each candle is 1 week's price move) (or) EOW Chart:
S&P 500 - End of  Week Chart (EOW) - 07 Sept, 2012.
Above is the Week Chart - EOW -  analyzing Data from Q2-Q3 2012, onward.






S&P 500: Short Term View (or) Day Chart (each candle is 1 day's price move)  (or) EOD Chart:   
S&P 500 - End of  Day Chart (EOD) -  07 Sept, 2012.
Above is the Day Chart - EOD -  analyzing Data from Aug' 2012, onward.





Learning from the Past Week:  (click here for the post)
Bulls stayed above the 5 EMA weekly and 1400 EOD close (3) to bounce back.
The Bullish 'Three Outside up' did not happen on Monday (5) - however the index had a sharp up move later in the week.
Bulls kept it above the MVWAP 34, and 5 EMA on all three screens.
The last High (made earlier this year) is breached marginally (3).
Oversold position of the STS (2) and RSI (4) indicate the strength of the Bulls.



Looking forward into the next Week:
Bears need to move the indicators at (2) and (4) below 'oversold' to make an impact.
Bulls need to keep above the last High, made earlier this year to keep moving.
Bears see the channel tops at (1) and (5), along with the Negative divergence on the EOW, as the main comeback cues.
Bulls are on a Roll.






CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 03 Sept to 07 Sept, 2012 - At Channel Top again !






 Nifty 50: Long Term View (or) Month Chart, each candle is 1 month's price action (or) EOM Chart: 
CNX Nifty 50 - End of Month (EOM) Chart - 07 Sept, 2012
Above is the Month Chart - EOM -  analyzing Data from 2008 onward. 





Nifty 50: Medium Term View (or) Week Chart, each candle is 1 week's price action (or) EOW Chart:
CNX Nifty 50 - End of Week (EOW) Chart - 07 Sept, 2012.
 Above is the Week Chart - EOW -  analyzing Data from 2010 onward.  






Nifty 50: Short Term View (or) Day Chart, line chart of closing Prices  (or) EOD Chart:
CNX Nifty 50 - End of Day (EOD) Chart - 07 Sept, 2012.
Above is the Day Chart - EOD - analyzing Data from May 2012, onward. 





Learning from the Past Week: (click here for the post)
Bulls moved above last week's close to bounce back from the 13 SMA (3) as suggested last week. 
Bears stopped the Bull charge at the Weekly Channel top (3).
5315, our Wall for September is crossed on a weekly basis.
Bulls stay in the EOW channel (3), the STS support (4) holds.
The short fuse oscillator (2) - ticks down for this month's action, to date.




Looking Forward into the next Week:
The support at STS (4) helps the Bulls.
Staying below last week's close  - Bears can look at a retrace from the Channel top.
Index sustaining above the Fibonacci 76.4 %, as marked on the EOW (3) - needed for a real Bull charge.
The 34 EMA (3) on the Week Chart is the next stop for Bears.
The EOW (3) channel top, is the point of contention to watch, failure to crack this, recharges the Bears.
The Wall at 5315 is the critical line, above which the Bulls keep their cake.




The Dow Jones - Ichimoku Study - Week: 03 Sept to 07 Sept, 2012 - New High News !





                               .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.



Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)





DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
DJI 30 - End of Week Chart - 07 Sept, 2012 




Learning from the Past Week: (click here for the post)
As discussed the Bulls avoided a Bearish Chikou Span Cross (A) last week.
Taking support at the region of the Tenkan Sen and MVWAP 34 - the Index went back to test recent highs.
The Oscillator ticks down (B).




Looking Forward into the next Week:
The negative divergence, developing on the Oscillator - remains the key concern, for the Bulls.
Staying above the Tenkan Sen (B) - Bulls would try breaking the last high again.
Bears would need to break their nemesis, the MVWAP 34.
The position of the Kijun Sen and Tenkan Sen augers a bearish Cross, unless the Bulls make a move on.. upwards.





BSE Sensex - Ichimoku Study - Week: 03 September to 07 September, 2012 - Bingo !





                          .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


Quick Reference : 

Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.



Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:

The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)
The Kijun Sen Cross: Neutral  Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong  Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B) 
The Chikou Span Cross:  Strong   Bullish Signal (Cc)





BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 07 Sept, 2012.




Learning from the Past Week: (click here for the post)
As anticipated last week,  the Bullish Chikou Cross (Cccame to the rescue of the Longs  - Bingo
The Bulls also get a Bullish Kumo Breakout (B).
Taking Support at the Juncture of the Tenkan Sen and MVWAP 34 - we have the Bulls using the pull of the flat 'Senkou Span B' to yo yo out of the Kumo.





Looking forward into the next Week:
Bears need to take out the duo of the MVWAP 34 and Tenkan Sen to make an impact.
Bulls need to beat the last major High made earlier this year to get on top.
Staying above the Kumo - advantage is with the Bulls on above.
The flattening seen on the red Tenkan Sen and the Blue Kijun Sen, could result in a bearish cross in the next few weeks and this is advantage Bears.