Tag Archives: sp500 index

SP500 Index: Not enough! The Wedge is Back in Play

Posted on January 28, 2011 by David Durand

The SP500 has reaffirmed the prior wedge break market timing signal assuming that the failed breakout holds into the close today. Can the market just saunter back up in the face of retail disappointment (Ford and Amazon) and the Egypt … Continue reading →

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SP500 Market Timing: How much of a breakout is enough?

Posted on January 27, 2011 by David Durand

Well, the SP500 index DID break out above the wedge (bearish market timing signal) that I wrote about in last weekend’s SP500Tracker™. But not by much. We are at this moment (3:17 pm ET) just 3.22 points above the breakout … Continue reading →

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SP500 Index: Still not clear of the SELL signal

Posted on January 25, 2011 by David Durand

The SP500 index has still not voided the market timing signal given off when the last upward wedge was broken. (The chart is in the SP500Tracker™ newsletter that can be obtained free using the link below.) The only way the … Continue reading →

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SP500 Index: You think it’s up and all is well? Think again.

Posted on January 24, 2011 by David Durand

The SP500 index gave a market timing signal the other day that is shown in my FREE tracking newsletter that was just out this morning. The little bump up in the SP500 index today does NOT void that SELL signal … Continue reading →

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A Market Timing Signal: SP500 Index Breaks the Wedge

Posted on January 19, 2011 by David Durand

The S&P 500 index may now descend to around 1262.60 for starters. How deep this correction will go is difficult to say. My market timing prediction that the sentiment (look up my sentiment page on the feed page for 12-10-2010) … Continue reading →

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SP500 Index is in a Wedgey Way Again

Posted on January 18, 2011 by David Durand

There is an upward wedge on the daily chart. It is not worth buying the SP500 Index until we close above there, which tomorrow would be around 1301ish. If you want to know how to spot a wedge, go to … Continue reading →

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SP500 Index: The Third Breakout Since the Wedge

Posted on January 18, 2011 by David Durand

I just published my free SP500 Index Tracking newsletter late last night showing these 3 breakouts following the breakout above the wedge. The link to signing up for it is in the prior post. The SP500 has several support levels … Continue reading →

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SP500 Index Market Timing: Time to Buy? No. Here’s Why.

Posted on January 11, 2011 by David Durand

The SP500 has simply done a layup to the last overhead resistance. You can see it clearly on the chart in my SP500Tracker™ out this past Sunday (see link below). When a market simply goes back up to the prior … Continue reading →

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The SP500 Index is at a Decision Point

Posted on December 19, 2010 by David Durand

I wrote in my current FREE SP500Tracker™ newsletter that the SP500 has not yet resolved the upward wedge market timing SELL signal either way. The “lid” is at 1246.73 and the bottom through which trouble would lurk is at 1227.08. … Continue reading →

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The SP500 Wedge Break Signal has NOT been reversed….not YET

Posted on December 16, 2010 by David Durand

The close today at 1242.87 for the SP500 brings us to a point that is still below the high for yesterday. That is not enough to void the market timing sell signal from yesterday. What that would take would be … Continue reading →

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