Today I'm going to take another look at the S&P 500 Index. It appears that some of the rose coloring on traders' glasses is beginning to wear thin. Many more traders now perceive this as a two way trading market as opposed to a one way street we witnessed in March and April.
I am going to be analyzing a daily S&P index chart and making some observations that I think potentially could work out if certain elements fall into place.
At the present time our "Trade Triangle" technology is indicating a neutral stance in this market. With the -55 reading our "Trade Triangles" are indicating a trading range which could possibly be an early sign of a reversal.
You can watch this video with my compliments and there is no registration requirements. I would love to get your feedback about this video on our blog.
All the best,
14 thoughts on “S&P 500 update (New Video)”
Must say you are doing a great job with this short videos, I have in my inbox probably 300 emails with links to watch, but dont have the time for it, just sits there waiting, I came across yours & love the short videos they are very useful.
I just have one question, but dont know how to contact you directly, i hope you look thru this blog and you can answer it.
just finish watching The "TRADERS WHITEBOARD" Series
Trading videos". When you are refering to the trend line, which chart can i use to know, i am with the right trend, in other words should i use a weekly, Daily, hourly, or five minute chart to determine a trend.
Thanks for your time. Keep it up.
Thank you for your feedback. I would use the monthly, weekly and daily charts to determine the trend in a market. In stocks we use the monthly triangles for trend and the weekly triangles for timing. In futures we use the weekly triangles for trend and the daily triangles with timing.
I hope this helps.
Hi Adam, thnx for the great video.
i think seasonally july is showing down trend but i expect a third top in august then sharp fall in september.
Thank you for timely,precise and insightful overview. I have always believed strongly that TA is the only way to time a trade selected by Fundamental Analysis. Now , having witnessed over the last few months an incessant barrage of media promoted opinion , my belief in TA is even much stronger. I would say, it is the only way to maintain one's sanity as a trader in a world of pundits that continue to imply that they can tell the future.
Thanks Again, Adam
Thank you for your feedback. To ask you a question yes some sectors will perform better than other sectors that's always been the case in the markets. Having said that we are going to rely on our trade triangle technology which has never let us down in the big moves.
To answer your question on the head and shoulders formations, normally the right shoulder has low-volume. Reading charts is an art form and not a science at this point. How people interpret chart formations that may or may not pan out in the future is why it is called the art of chart reading.
Once again JoAnn, thank you so much for your feedback and your questions.
Every success in the future,
I like the way you write on the charts, as a visual person it helps see the entire picture. You can elaborate for me!!
I have heard this news for a while...the S&P 500 will possibly do this. I hear it and feel fear, first instinct. I also hear that market sentiment is good at the start of Q3. The media gives a positive review, possibly not to scare the public.
To leave the fear on the way side I put a few stops on trades and did some research on the indexes. First 10 companies make up about 24% of the S&P 500 market cap, and about 20% of the entire U.S. market. They are GE, Microsoft, Exxon/Mobil, Pfizer, Citi-group, Wal-Mart, AOL Time-Warner, Intel, AIG, and IBM. Knowing this type of information was helpful. That leaves 490 other S&P 500 companies...my research continues. Any links or ideas where to find such a list is appreciated.
Won't some market sectors fair better than others. I see lots of people buying electronics and staples. It is hard to imagine that we are headed for depression lows as our economy has technology. Many are consumers of technology and new gadgets. Also with an aging population their is a need for new drugs and drug therapies and etc.
Please keep the charts coming. One more question, isn't a true head and shoulders pattern one in which the right shoulder is lower than the left? Comments welcomed.
I love your videos, but to improve them I would suggest keeping your written words to an absolute minimum. This saves time and is unnecessary, because what you write is usually very obvious. Keep up the good work.
I remember that you had a video to talk about market cycle, is there any chance to review it, I think the cycle is almost completed, isn't it. thanks for all you wonderful video.
Thank you, Adam ! I enjoy your insite and professional presention.
Thanks for the analysis. If I am not wrong in your previous analysis you were expecting the oil prices would go higher as well as gold, and US Dollar would go down. Don't you think Oil goes down with SPX but US Dollar will go up?
Thank you for your feedback.
Our trade triangle technology is pointing higher for crude oil, lower for the dollar and is mixed in gold.
I am not sure I buy into the oil goes down with the SPX scenario. Those types of relationships come and go at the will of the marketplace.
All the best,
This is the type of information that adds value to any trader. Thank you. Will look into your Company's services
Thanks for the interesting and very useful video. I find the analysis extremely convincing.
The S&P 500 update is very timely and very useful. Thank you very much!
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