Outlook for Wednesday

(5/27/14)

A unique set of conditions occurred today which has only happened 4 other times since the March 2009 low.   These conditions include the following:

1.  S&P 500 closed above the +2.0 Bollinger Band.
2.  S&P 500 closed higher 4 days in a row. 
3.  The VIX closed higher than the previous day.

The last time all three of these conditions occurred prior to today was on 9/14/12 (point a) which was followed by a 132 correction in the S&P 500.   Another occurrence happened on 6/19/12 (point b) which was followed by a 54 point correction.

Meanwhile another occurrence happened on 4/29/11 (point c) which was followed by a 113 point correction.

 

Finally the last occurrence happened on 4/15/10 (point d) which was followed by a 147 point drop.  Thus based on previous events one would think a decent correction is just around the corner.   

 

   

Wednesday's Buy Signals

 

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