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Saturday, April 13, 2013

S&P 500 - Triple Screen 'Technical Analysis' - Week: 08 April to 12 April, 2013 - Knock-Out of an 'All Time High'




S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 12 April'13



S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 12 April'13



S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 12 April'13



Learning from the Past Week:  (click here for the post)

Bulls crack the 2007, 'All Time High Line' 1576 and move the bar to 1597 #M1
The short term screen gets back to Bull as were other screens #D1.
5 EMA deflects Bullishly above the 13 SMA #D1.
Triple top on Long Term Charts - keeps the Bear hopes going.
RSI and its MA remain crossed bearishly #W2.
Bearish Divergence on the short term charts persist #D2.



Bulls beat the 'All Time High' Line..



The Ellipses marked #M1, #W1 and #D1 indicate the hot spots on the long, medium and short term charts respectively.
As one can see - we are zooming into the action starting #M1 through #W1 and get up close in #D1.





Looking forward into the next Week:

Day channel's  #D1, bottom green line and MVWAP34, remains the support for the Bulls.
Bulls aim would want to clear the Triple Top Threat next...
Keeping the price, above the 5 EMA on the EOW #3, bulls remain strong.
Triple Top on the Long Term Screen, remains the bane of the Bulls for some more time
5 EMA and 13 SMA on day charts #D1, deflecting near the 'All Time High' was good for Bulls.
Breaking the Day Channel's top Red Line #D1 is the next task for the Bulls...



With the Bulls clearing the previous 'All Time High', Bears are left with the Triple Top Threat as the next high hope...




CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 08 April to 12 April, 2013 - Three Outside Down Effect (contd.)



Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 12 April'13



Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 12 April'13



Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 12 April'13




Learning from the Past Week: (click here for the post)

The Three Outside Down's effect over the week continued even as the Bulls Oscillated around our mark of 5538.
Position of the STS on the EOW, shows the Bull's next possible support #4.
The Bulls almost take the Short Term screen to neutral zone.
Bulls slip below the 13 SMA on the EOM #1.
Price heads towards the 50% Fibonacci retrace of the Jan'12 low to All time high #5.
Price also nears the 76.4% Fibonacci retrace of the 2009 low and All time high #3.



Three Outside Down' Triggered #1 after last month's close and Bulls fight to hold near the 13 SMA - EOM.





Looking Forward into the next Week:

50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Staying below 5538, the 13 SMA on the Month Charts #1 for the rest of the month, is important for Bears - to continue the fall.
Bullish Cross/deflection of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to get above the 13 SMA on the Month Chart #1.
Support for the coming week is the 50% Fibonacci Retrace of the Jan'12 low to All time high #5.
34 EMA on the Month Chart is next support after that #1.



The Three Outside Down's effect continues, if the Bulls cannot get above 5538 (EOW).






The Dow Jones - Ichimoku Study - Week: 08 April to 12 April, 2013, 2013 - Go Dow !



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

Introduction 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) marked on chart as per notes below

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

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)



Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 12 April'13



Learning from the Past Week: (click here for that post)


Bulls resume the up move after the pause ..  #2..
The Chikou Span #1, increases its distance to the price line.
The Oscillator #3 ticks up - divergence with Price muted.



Advantage continues with the Bulls.





Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence less apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.



Bears look forward to a reversal and getting below the Tenkan Sen - Bulls continue to seek and get new highs..






BSE Sensex - Ichimoku Study - Week: 08 April to 12 April, 2013 - Kumo Closer



                     .....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) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)
The Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen Cross:  Bearish Signal (Te)
The Kijun Sen Cross: Weak Bearish Signal (K)

New:
The Chikou Span Cross:  Weak Bearish Signal (Cc)  
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T) 



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 12 April'13



Learning from the Past Week: (click here for the post)

Index gets closer to the Kumo  #2.
Oscillator ticks into negative.. #3.
Chikou Span stays under the price line #1.



Bears continue with the fall..headed to the Kumo..





Looking Forward into the next Week:

Getting above the Tenkan Sen, should be the next Bull task #2.
Chikou Span staying below price line a must for the Bear run #1.
The Senoku Spans converge #4



Next notable resistance for the Bears is the Kumo - Bulls continue to hope, it does not have to go there...