Chaaats (Boston Accent) Of Interest
- Posted by ZorTrades
- on January 21st, 2012
Here are some charts of interest for this up coming week. Some trades could be made based on them if you choose.
First we are looking at the $VIX which closed below its lower bollinger band, closes above or below its bollinger bands have been significant for the VIX in the short term as you can see below. I would love to see a gap down on the VIX on Monday, which will probably mark a bottom for the VIX in the short term and lead to a decline in the market;
Here we are looking at Semiconductor index $SOX, which is nearing a very important level $420. The 420 level as acted as support in the past and will more than likely act as resistance at least the first time it touches it. That level also coincides with and ascending trend-line from 2008 which capped the index this fall.
Next we are looking Telechart’s T2108 indicator (stocks above their 40 day moving average). T2108 closed at 83.69, the market has tended to slow down a bit when it gets to this level as you can see from the chart below;
Here we are looking at Telechart’s McClellan Oscillator. Just to keep it simple; when its above +200 take it easy, when its below -200 look for some long trades for a quick snapback.
This is the CBOE equity only Put to Call Ratio courtesy of Schaeffer Research. The ratio is at a very low level which is concerning, but it becomes more of a concern when the ratio stops going down and starts to curl up.
This next chart comes from my friend @Spyder_Crusher a must follow. Its a simple chart of the SP500 plotted with options expiration dates which have been major pivot points for the market in the last 18 months; original post
This next chart is from Helene Meisler (@hmeisler) the queen of technical analysis who is a Goldman Sachs alumni and writes for Real Money. Helene posted this chart to her subscribers on Friday just plotting the times when the total put to call ration closed .70 like it did on Thursday the 19th;
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »