new 13/34 EMA sell signal + 50R sell + slow sto in solid  decline on the daily chart

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s162488959]&disp=P

Weekly chart could throw a PSAR sell next week - then we got a new ballgame

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s206018187]&disp=P

HERES THE UPDATED CHARTS.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s213645069]&disp=P

But they have been on an impressive run.   nice $

but not displaying on SC currently.   See bottom of chart.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s213645069]&disp=P

Have you guys been watching the moving average volume on the NYSE.  Note the bottom of the chart and the red vertical lines coorelating to price moves.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s208587727]&disp=P

This is nuts!

In the past year or so very low volume spikes (excluding holidays) seem coorelated to tops BUT the statistical significance of this statement is way low.   Turning to pure emotion,  why does it feel like something significant is about to happen?   I mean, the average volume is almost at the level of an Xmas holiday.

actually , If you can get a broker to borrow the shares shorting the decay is phat.

the nat gas etf/etns have lots of natural decay.  what if they never turn positive in the long term..??? 

note the relationship of NATGAS to UNG and H2 of '09.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s213644424]&disp=P

Might want to look into FCGL or FCGS as a related play

As of today's action now have a set of internation ETF with long term (weekly) PSAR sell signals and major trend line breaks.   I will start scaling in 2x short on bounces.   Especially as this phase of QE is winding down.  I like to play the international markets as they have a greater price variance than the US markets on swings.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218729076]&disp=P

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s234745447]&disp=P

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218730483]&disp=P

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218732904]&disp=P

More broadly looks like luqidity is leaving risk..

Folks

Two years ago I became frustrated with the inefficiency of referencing AND tracking ETFs/ETNs. I use ETFs/ETNs to diversify various portfolios across investment areas and temporal horizons. Of course now there are a lot of valuable ETFs.

So. Using StockCharts have constructed a more efficient reference tool AND monitoring tool for the array of ETFs/ETNs in the market in one platform. A hierarchically reference.

Location =

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058

Have a couple hundred hours more to put in to complete phase 1 but,,,,,

Feedback desired (privately)

Cheers

looks like were in the ball park for upside.

any easy trade.

thanks VERY much

Latin america just threw a long term short via the weekly PSAR and via a major trend line  break

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218732904]&disp=P

might wait for a bit of a bounce first.... for confirmation

daily chart looking short as well.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218639633]&disp=P

related ETFs are at the bottom of the graph

It's a simple indicator,,,, but,,,  the SPX daily PSAR just threw a confirmed sell.   As such, better than even probability of lower low immediately ahead.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s162488959]&disp=P

also, bullish percent indicators for most markets still in negative territory

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s167561916]&disp=P

with the SPX weekly PSAR still on a buy a solid probability that any sell off will be weak.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s206018187]&disp=P

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s163482147]&disp=P

cheers

thanks for being diligent about posting this every week.

You are a STAR!

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s162497802]&disp=P

Several US sectors insanely overbought

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s223113846]&disp=P

Some international mkts hugely overbought

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218732617]&disp=P

but when?????? 

also,,  hardy thanks for your work and postings.

spent 6+ hours scanning charts spanning the full spectrum of ETFs last night.   European ETFs and several US sectors are overbought and near record levels on weekly and daily charts.    These must correct soon and indicate some kind of weakness (possibly mixed) ahead.   will take some shorts here when a pullback starts in hopes of a scalp.

SZK is thinly traded but the market maker takes the trades in a timely fashion at respectable bid/ask.    only alternative seems to be to sell short the IYK

until QE2 is done am cautious with shorts.  this will probably end up being a signal for a broader market correction as most (larger) sectors stay fairly closely coorelated with the SPX.

Bullish Percent for Consumer Goods indicating a top.   Reliable system. Watch for the MA11 cross.  PSAR confirmation valueable.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s223114339]&disp=P

Also,  Biotech wipe out....  Dont know why

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s225639776]&disp=P

vix at recovery lows.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s163761243]&disp=P

volume on holiday

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s170821224]&disp=P

Party like it's 2007!

;-)