Tuesday, November 27, 2012

Market Timing Update (11/27/12)

[EOD] Stocks -
The prior neckline remains powerful(Chart 1), while near term options vary (Chart 2-ES and Chart 3-SPX). Subjectively speaking, odds appear to favor continued subdivision higher for the near term wrap up an extended impulse.

[1010am] ES/SPX update -
SPX and ES tracking counts as shown in Chart 1 and Chart 2 are roughly in sync. Please see yesterday's EOD update for discussion.