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Saturday, August 4, 2012

S&P 500 - Triple Screen 'Technical Analysis' - Week: 30 July to 03 August, 2012 - Three Inside up Month !





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) - 03 Aug, 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) - 03 Aug, 2012.
Above is the Week Chart - EOW -  analyzing Data from Q1 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) -  27 July, 2012.
Above is the Day Chart - EOD -  analyzing Data from Q3 2012 onward.




Learning from the Past Week:  (click here for the post)
The Bullish 'Three Inside Up' pattern seen on the EOM (1) - happens and its resultant green is visible on the August candle.
Bears dived towards the MVWAP 34 on the EOD (5) and EOW (3) - from where the Bulls bounced back to get a green week - just like last week.
RSI readings on the EOW (4) climbed and moved into the oversold zone - good for bulls.
The Divergence on the MACD (6) is disturbed this week.



Looking forward into the next Week:
RSI reading on the EOW (4) - staying above the 70 mark, keeps the Bulls on top.
Bears need to break their nemesis of many weeks, the MVWAP 34.
STS strength and crossover (2), indicates Bull Power.
Bulls holding their turf for the beginning of August - indicates strength - as the 'Three Inside Up' (1) has given them a fillip. 
Bears would look at the white EOD channel top, giving them some resistance, to come back with next week.




CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 30 July to 03 August, 2012 - Bears hold a line..



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 - 03 Aug, 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 - 03 Aug, 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 - 03 Aug, 2012.
Above is the Day Chart - EOD - analyzing Data from May 2012, onward.  





Learning from the Past Week: (click here for the post)
Bulls did not close last month above the previous month's close. The Bullish 'Three outside Up' (1) is not on...
Bulls did however, keep the Bullish 5 EMA -13 SMA cross on the EOM (1) and 50 SMA - 200 SMA on EOD (5)alive.
We see that the index stayed above the 34 EMA - on the EOD, EOW & EOM.
A partial  'Advantage Bulls', gave us a green week.



Looking Forward into the next Week:
Bulls have started the month above the 5 EMA on the EOM (1), EOW (3) & EOD (5).
The resistance on the EOW - one needs to watch - is on the STS (4)
Bears would need to move the index below 5045 (wall) to make an impact.
Staying above the 5191 mark for the month give the Bulls power for August.
As its not completely 'Advantage Bulls' going into August - we still look for confirmation.
The index is resisted by the old EOD channel top and the middle blue line of current channel (5) - a line Bulls need to break to move up.





The Dow Jones - Ichimoku Study - Week: 30 July to 03 August, 2012 - Bears plan a coup..




                                .....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.


Useful resources (free) from the Web:



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: Weak  Bearish  Signal (K)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)




        DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
DJI 30 - End of Week Chart - 03 August, 2012 



Learning from the Past Week: (click here for the post)
A Pullback week - sees the Index get back to a new high.
MVWAP again provides the support.
Oscillator continues to tick up.



Looking Forward into the next Week:
Bears have flattened the Tenkan Sen - making its Bullish cross above the Kijun Sen, a little tougher.
A steeper rate of climb from the Bulls would correct this.
One also should watch the action of the Chikou Span in the coming week - for a dip towards the price line.
The preposterous quantum of divergence, developing on the Oscillator - is a concern, for the Bulls.




BSE Sensex - Ichimoku Study - Week: 30 July to 03 August, 2012 - Bulls bounce back




                           .....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.



Useful resources (free) from the Web:




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


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





BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 03 Aug, 2012.



Learning from the Past Week: (click here for the post)
Keeping above the Tenkan Sen, Bulls got back lost ground.
Flat Kumo helped the Bulls.
With a clean close above the Kijun Sen - Index has tilted in Bull favor.



Looking forward into the next Week:
The flat Kumo is drawing the Index towards it - as discussed few weeks back.
A Bullish Chikou Cross is what the Bulls would want next.
Bears would look at getting some resistance going at the Flat Kumo - to get a move down.