December 5, 2010

S&P 500 Analysis after closing bell

  • MACD and price is showing negative divergence in daily chart which is slightly negative . But if price gives a breakout above 1227 this negative divergence will vanish.
  • Second chart shows SPX in a broad trading range with 1172 as low, 1227 as high and 1200 as middle point. Unless  S&P 500 gives a breakout next week this index will remain in this range with negative bias. A strong breakout can take SPX to 1250 levels initially.

1 comment:

  1. I have long been amazed that what I consider to be "basic data" can be so hard to come by. Ask your realtor for a time series of prices in a certain neighborhood, and they will look at you like you are from Mars. Why? Well because this is a good time to sell (insert vacacious reason of whim here) and this is a good time to buy (insert vacacious reason of whim here), so historical pricing makes no sense.

    Try to get good data on the indices going back a hundred years....good luck.

    Even getting commodity prices is a feat. Wish I still had access to the full on Bloomberg, but alas that is no more. Costs around $30,000 a year, I had it for free.

    So here is the project. Search out and upload "Real Data Series" of all sorts, and post them as direct downloads on Hawaii Trading.

    You got Data? Send it over, I will post it up. Knowledge can be freedom and power. Let's create freedom and power, for free.

    First chart / Excel is by me (Courtesy of the Perth Mint). This chart data is down-loadable in Excel at Hawaii Trading. Within 2 months, my goal is to have 25 spreadsheets with valuable data, available for free.

    The Excel format is sloppy, it took me 30 minutes to whip it into this shape as they had odd date formatting.