Live Update

Tuesday, June 9, 2009

06/09/2009 Market Recap: Narrow Range Consolidation


Nasdaq to NYSE volume ratio gives a warning signal.

Bears have a little edge tomorrow.

  Trend Momentum Comments - Sample for using the trend table.
Long-term Down   Idea for trading intermediate-term under primary down trend.
Intermediate Up Neutral*  
Short-term Up Neutral  

SPX has been consolidating in a narrow range for 3 day, the final breakout direction is unknown, hope tomorrow it could show us with its real intension. Tomorrow, bears have a little bit edge, therefore the market could pullback, not very sure though.


2.3.4 Nasdaq Total Volume/NYSE Total Volume, new high today which means a possible market top. Please refer to 8.0.1 Use NATV/NYTV to catch the market top/bottom for the past accuracy. Well, no perfect signals, this indicator didn’t work 100% in the past, so treat it as a warning.


Intraday Cumulative TICK from, a little bit close to overbought, so could mean a pullback tomorrow.


1.1.5 PowerShares QQQ Trust (QQQQ 30 min), lots of negative divergences which also mean a possible pullback tomorrow.


3.4.2 United States Oil Fund, LP (USO 30 min), too much negative divergences as well, so oil could pullback which is not good for the stock market.


Just a follow-up, 1.1.0 Nasdaq Composite (Daily), SOX breakout a Descending Triangle on the upside forming a possible Bullish Morning Star pattern there could up more, this is good for the market.



  1. for the 2.3.4 ($natv:$nytv), what's the bottom chart? It shows the indicator is getting close to 0.3 (of what?) No label/notation.

    IMO, I believe the stock market is topping out. Keep up with your great blogsite.

    Regards, Jimmy

  2. The bottom line is MACD(10,200,1) which is called normalizing because the extreme ratio between NATV and NYTV is different in different period.



The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.