EOD Technical Analysis, S&P 500 - 19 April 2012 - Bulls on a flat field..

S&P 500 - End of Day - 19 April  2012   

We had an intra-week update couple of days ago (click), where we had observed that, 'the Bulls had caught up'.

We also emphasized that, the field was wide open and that, none of the MAs had crossed above the others.

Index continues to be flat, Bulls just about hold on to some weekly gains.

We are below MVWAP 34 again, short term MAs in bear mode.

The yellow Day channel changes, consequent to price action, to include the last two candles.

MACD Histogram has moved into plus territory.

Based on present position, the last two weekly candles, show a Bullish Harami (with one trading day to go).

Index continues consolidating, one expects the MVWAP34 to be the decider, for a Bull move.
The white weekly channel line, supporting the price, should crack for the advantage to shift to Bears, in the medium term.

EOD Technical Analysis, CNX Nifty - 18 April 2012 - Bingo !

Nifty - End of Day - 18 April  2012 

Our EOD analysis yesterday (click), proposed that 5292+ would be where the Nifty saw the bullish cross of   the 5 EMA and 13 SMA.

We suggested that Global cues were critical, the SP500 Analysis today morning gave us a sense that Bulls were not fully on top (click).

After the Gap up today morning the Bears shorted happily all the way from 5342 to 5293, and then closed the day at 5300 - leaving the Bulls just in the game and with a channel break.

Above still leaves the MACD sub zero.

One expects the Bulls to strengthen their case, staying above 5285, this week.

5285 is important as the last two weekly candles, currently show a developing 'Engulfing Candlestick Pattern' - valid above 5285.

EOD Technical Analysis, S&P 500 - 17 April 2012 - Bulls catch up..

S&P 500 - End of Day - 17 April  2012   

The Bulls have reconquered the Moving VWAP 34, which we studied (click) as the resistance to beat.

Index also closed above all the short term Moving Averages (MA), that we watch, as shown above.

The (yellow) Day channel that we follow, was broken on the upside, by yesterday's candle.

SP500 stopped short of any of the above MA crossing above the others.

Case in point, a mere 5 points plus, is all that is required for the 5 EMA to cross above the 13 SMA.

Bulls have held the Index neutral in the short term, leaving the real breakout into the green, for another day.

We conclude that follow up action is required, to call it 'Advantage Bulls' .. right now, the field is wide open.

EOD Technical Analysis, CNX Nifty - 17 April 2012 - Bulls off the Wall..

Nifty - End of Day - 17 April  2012     

Nifty bounced off the Wall for April (5180 - mentioned here 'click') yesterday, with a low of 5184.

Today Bulls rode up on global cues, after the local fundamental news was sold into, as expected in last weekend's 'Looking Forward' (click).

Having crossed the 34 EMA on the EOD, it has paused at the black channel line - circled above.

The MACD, is still sub zero.

Revised channel lines, are presented above.

One expects a channel break and MACD crossing above the zero line, if the 5 EMA crosses over 13 SMA at above 5292, EOD tommorow. 

Global cues, especially outlook for US (S&P EOD, post up after market close), should continue to influence, this move up.

The Dow 30 - Ichimoku Study - Week: 09 April to 13 April 2012 - Bear touch..

Quick Reference : 

The Tenkan Sen - red line, 

The Kijun Sen - blue line, 

The Chikou Span - purple line, 

The Senkou Span A - black line, 

The Senkou Span B - grey line, 

The Kumo - grey shaded area.

Useful resources (free) from the Web:
http://www.freestockcharts.com/
http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page


DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:

DJI 30 - End of Week Chart - 13 April 2012  

Last 6 Signals seen on DJI 30 - Week Chart (EOW) in brief: 

1. Senkou Span Cross: Neutral Bullish Signal

2. Chikou Span Cross: Strong Bullish Signal

3. Tenkan Sen/Kijun Sen Cross: Neutral Bullish Signal

4. Kumo Breakout: Bullish Signal

5. The Flat Kumo: Bearish Signal

6. Tenkan Sen Cross: Weak  Bearish  Signal (minor)

In our study, we consider as important, the signals of the previous posts, summarized above.

A. Although not an official signal, the Price crossing the Tenkan Sen (red line) is considered as an early warning sign of sentiment reversal. In this case from Bull to Bear.


Bulls are still all over this screen. Bears need to stay below the Tenkan Sen to have a chance of taking this one over.


DJI 30: Short Term View (or) Day Chart (or) EOD with the Ichimoku Cloud:

DJI 30 - End of  Day Chart - 06 April 2012  

Last 5 Signals seen on DJI 30 - Day Chart (EOD) in brief: 

1. Senkou Span Cross: Neutral Bullish Signal

2. Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal

3. Kijun Sen Cross: Weak  Bearish  Signal

4. Kumo Breakout: Bullish Signal

5. Chikou Span Cross: Strong Bullish Signal

In our study we also consider as important, the previous signals, summarized above.

B. The Chikou Span (Purple line) Crossed into the Price line and is still just above it.

C. We had Price crashing below the Kijun Sen (blue line). Price stayed below MVWAP and the red Tenkan Sen too, all week.

D. The Kumo breakout although named Bullish and Strong - saw the price retreat to close inside the Kumo.

Bears almost have this screen.