PUT/CALL RATIO..............

(Click charts to enlarge)


P/C, Weekly chart showing spike several months after a
10/20 ma crossover. Spike in 2006 came before the correction began...
(Note again this is a weekly chart therefore a significant decline COULD still be a few weeks away)


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HOT SPOT CHARTING...

(Click any chart to enlarge)

PHD, Giving it up with increasing volume...



Dow Jones Equity Reit Index.
Potential bear flag and MACD cross under...




MZZ, ProShares Ultra Short Mid Cap 400.
Potential reversal Doji.........




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SOX, CANDLES & DECLINES...

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HOT SPOT CHARTING...

(Click any chart to enlarge)


Nasdaq Composite,
Weekly updated chart continues to display topping pattern
simular to the one in March/April 2006...
If it continues to follow the path then we can expect upwards to mostly
sideways motion from here until support is broken decidedly.
However support can be busted at anytime so caution is warranted...


Nasdaq Tech Index,
Possible triple top in the making...



This is for my buddy in the Walnut Creek area...
If it breaks loose from the formation watch for a bounce
around $25.50 and a backtest of S/R before closing the gap.



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A Diamond for Valentine's Day

QID, Diamond bottoming pattern on the weekly chart...



You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
"Peter Lynch"


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HOT SPOT CHARTING

(Click charts to enlarge)





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HOT SPOT CHARTING

(Click charts to enlarge)

Nasdaq, weekly chart.........


Vix, weekly chart.............


Bank Index, daily chart.........


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Carry the weight

Nasdaq 100 Equal Weighted Index


Could we see resistance challenged prior to a measured move towards the first target?
Perhaps a date with the 200ma sometime in Feb..........

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HOT SPOT CHARTING...

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CLOROX CO.

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HOT SPOT CHARTING

Refreshed from vacation and I will be easing back into charting. Hope everyone is having an awesome new year.


Semi's weekly time frame.


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Options Expiration Friday

NYSE Composite Index...


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HOT SPOT CHARTING...

(Click charts to enlarge)



Hourly 10 day QQQQ chart....



Yesterday's semiconductor charts are still in play...

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SEMI'S

(Click charts to enlarge)

SMH, In a heavy congestion area...


SOX, Potential short term double bottom...

Short term semi's could go either way from here.
Confirmation of direction is needed...
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Upwards thrust prior to options expiration?

VIX, Large gap to fill...


Nasdaq Summation Index, could have another upwards thrust...


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HOT SPOT CHARTING...

(Click charts to enlarge)

Bank Index,
Top of channel...


Broker Dealer Index,
Has the downtrend commenced?


SP500 Energy Industry Group,
A large component of the SP500...


HITK,
Potential double bottom...


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HOT SPOT CHARTING...

(Click charts to enlarge)

DJ Europe Tech Index...
Gap is closed.
Runs much like the Compq as seen below...




VIX, Pennant formation & MACD rising above the zero line...

Could it be deja vu?

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CAUTION...

(Click any chart to enlarge)

Nasdaq Comp, Bearish Doji star pattern.
Needs confirmation...


Disk Drive Index.
Potential ending wedge pattern plus overhead resistance...


Nasdaq Buywrite Index, Bearish Doji star pattern.
Needs confirmation...


Nasdaq 100 Tech Sector Index,
Potential bear flag...


The Nov. 30th SP500 Target was made today (1415)...

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There's a fine line between eccentrics and geniuses. If your a little ahead of your time your an eccentric, and if your a little too late, your a failure, but if you hit it right on the head, your a genius...

"Thomas J. Watson Jr. founder of IBM"

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HOT SPOT CHARTING

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S&P Tech Sector Bullish Percent Index...


Nasdaq 100 Buywrite Index - CBOE.
Loss of direction...


Nasdaq Volume Declining.
Channeling...


Nasdaq 100 Tech Sector Index.
Back testing...


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HOT SPOT CHARTING

(Click charts to enlarge)

S&P 100, High-Low Index.
MACD crossing under but not yet confirmed.
Note false cross under Jan, Feb 06 (weekly chart)...


S&P 500, H-L Index update (weekly chart).
Watching for a MACD cross under...


Falling wedge and gap.
Could filling the gap be a setup for going long?
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Falling Wedge:
Technically speaking, a falling wedge in a downtrend is a decline to a new low on strong volume, several weeks of range-bound trade characterized by lower lows and lower highs with contracting volume, followed by a sharp break higher on strong volume. It is important to note, unlike all other chart patterns, valid falling wedge patterns can be either continuation or reversal patterns.


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