Outlook for Wednesday

(3/27/12)

Not much to add today as the key support level is now around 1389 which is along the longer term upward trend line on a log scale and coincides with the 20 Day EMA (green line).  To the upside resistance appears to be around 1425 which is at the top of the upward channel. 

For those watching the price of Oil...Brent Crude is working on a 4 week Handle after forming a Cup.  If it breaks out to the upside a move back to the previous all time high in the upper 140's (point A) is certainly a possibility.

 

Wednesday's Buy Signals

 

Primary Secondary RSI Williams Fisher TRIN Volatility Money Money Put to VWAP Signal
RSI Long RSI
Long
Max/Min %R Transform S&P 500 Bands Flow Flow/
TRIN
Call Ratio   Strength
Signal Signal  Signal Signal  Signal Signal  Signal Signal  Signal Signal Signal  
No No No No No No No No No No No

When 6 or more Signals are generated that is a Strong Buy Signal
When 3 to 5 Signals are generated that is a Moderate Buy Signal
When only 1 or 2 Signals are generated that is a Weak Buy Signal

 
Wednesday's Sell Signals
 
Advance Fisher ROC RSI VWAP Volatility Volatility TRIN Signal
Decline  Transform VWAP Max Percent Index Bands S&P 500 Strength
Ratio Signal Signal  Signal Signal Signal  Signal Signal   
No No No No No No No No  

When 5 or more Signals are generated that is a Strong Sell Signal
When 3 to 4 Signals are generated that is a Moderate Sell Signal
When only 1 or 2 Signals are generated that is a Weak Sell Signal

 

When a Buy or Short Signal is triggered numbers will be entered into the table below.
ETF Wednesday's Buy/Short Signal Entry Initial Stop Trailing Stop 1st Target 2nd Target 3rd 
Target
Signals Date Price Price Price Price Price Price
SPY

  

 

 

 

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