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Saturday, May 4, 2013

S&P 500 - Triple Screen 'Technical Analysis' - Week: 29 April to 03 May: 2013 - Bulls get another Hike


S&P 500 - End of  Month Chart (EOM) - Channel analyzing Data from mid 2009, onward - as on 03 May'13



S&P 500 - End of  Week Chart (EOW) - Channel analyzing Data from OND, 2011 onward - as on 03 May'13



S&P 500 - End of  Day Chart (EOD) -  Channel analyzing Data from Nov'2012, onward - as on 03 May'13





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

Bulls get another All Time High #M1.
Bulls avoid a long term Bearish Harami with a strong close for April #M1.
Bears lose all three screens to the Bulls.
5 EMA remains Bullishly above the 13 SMA all last week #D1.
RSI and its MA re-cross bullishly and peek back above oversold #W2.
Position of the STS and its MA #M1 - show Bull strength in the long term.
The 76.4% Fibonacci Retrace - now falls at the last consolidation junction #M1.



Bulls move to a new High..



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, bottom green line is support and the 'All Time High' the resistance for the Bulls #D1 & #M1.
Bulls 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
 #M1.
Breaking the Day Channel's Bottom Green Line #D1 is the next task for the Bears...



Bulls look at improving the 'All Time High' - Bears see hope in the 76.4% retrace dovetailing with the last major consolidation junction #M1.





CNX Nifty 50 - Triple Screen 'Technical Analysis' - Week: 29 April to 03 May: 2013 - Bulls inch up..



Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 03 May'13




Nifty 50 - End of  Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 03 May'13




Nifty 50 - End of  Day  (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 03 May'13






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

Bulls clear the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5..
Strong Close for April drowns the Three Outside Down #1.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW happens #3.
Position of the STS on the EOW, gave the Bulls support #4.
The Bulls take over all screens.
MACD moves up while its histogram tick flat #6.
The short fuse indicator starts May with a move into the oversold #2.



Bulls build on their gains with a Bullish Cross of the 5 EMA and 13 SMA on the medium term Screen #3 .





Looking Forward into the next Week:


Getting below the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5, is important for the Bears to stay in the fight.
Bearish Cross of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to stay above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5. 
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Red EOW channel Top, next target for Bulls #3..
Throw back to Day channel's red top a possibility for Bears to hope for #5.



Bulls seek new highs while Bears hope for a throwback to the Day Channel Top.




The Dow Jones - Ichimoku Study - Week: 29 April to 03 May: 2013 - Bulls make History



                             .....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 03 May'13






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


Bulls make new High ..  #2..
The Oscillator #3 goes flat..
Bulls use the Tenkan Sen to take off from last week.#2



Advantage Bulls.






Looking Forward into the next Week:

Bears need the index back below the Tenkan Sen #2.
Oscillator flattening to be watched #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.



Advantage Bulls. Watch the Oscillator.




BSE Sensex - Ichimoku Study - Week: 29 April to 03 May: 2013 - Bulls Lead



                     .....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/Kijun Sen Cross: Weak Bearish Signal (T) 
The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Tenkan Sen Cross:  Bullish Signal (Te)

New:
The Kijun Sen Cross: Strong Bullish Signal (K) 



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 03 May'13





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


Tenkan Sen & Kijun Sen Converge for a cross or deflection #2. 
Index remains above the Kijun Sen line  #2.
Oscillator ticks up while in the negative.. #3.
Chikou Span stays above the price line #1.



Bulls build on their gains, remaining above the Kijun Sen.





Looking Forward into the next Week:

A Bullish Tenkan Sen-Kijun Sen Cross, should be the next Bull task #2.
Chikou Span getting below price line a must for the Bear run #1.
A Bearish Tenkan Sen-Kijun Sen Deflection, can give the Bears a sneaky win #2.



Deflection or Cross? Continued watch of the Tenkan Sen and Kijun Sen lines needed.