Day Trading Day Trading. Index Trading. Technical Analysis. Stock Market. Market Commentary. Market Outlook.

IDT - Daily Market Outlook

Definitions | Archive | Login

Dear IDT client,   Tuesday, January 31, 2012 Market Stage: From our previous report: "the odds are on the bearish side." - Today, the major indexes traded flat to modestly lower. 60-day charts with a 20-period SBV are now showing advancing SBV oscillator readings. The following SBV values were recorded at session's end: minus 6% on the S&P 500, minus 13% on the DJI, plus 7% on the NASDAQ 100 and plus 4% on the Russell 2000. Advancing SBV readings are bullish and suggest the possibility of a up-move. We will continue to monitor this chart setting in order to determine at which point SBV oscillator readings start to decline; this might then suggest increased odds for a coming move to the downside. 1.5-year charts with a 10-period SBV are showing declining SBV Oscillator readings on the S&P 500 index and flat readings on the DJI, on the NASDAQ 100 and on the Russell 2000 indexes. The positive SBV values seen on this chart are bullish. Overall, this chart reflects bullish longer-term market sentiment. Market Performance: Last Change Volume A/D Ratio S&P 500 1,312.45 -0.53 (-0.04%) 2,875,009,500 1.14 DJI 12,633.89 -19.61 (-0.15%) 685,518,900 1.14 NASDAQ 100 2,467.95 2.63 (0.11%) 609,737,000 1.21 Russell 2000 792.69 0.16 (0.02%) 857,846,500 1.13 NYSE Comp. 7,838.37 4.22 (0.05%) 3,717,308,700 1.28 The broad market ended flat to slightly lower today. The strongest decline was noted on the DJI (0.15% loss) while NASDAQ 100 gained 0.11%. The S&P 500 ended session lower for an fourth time in a row. Of the last 6 sessions, the S&P 500 has closed red 5 times. The DJI is also down on 6 of the last 7 sessions. On the NASDAQ 100, we saw the 20th up-close in the last 26 sessions. The Russell 2000 are now up on 20 of the last 26 sessions as well. This session saw the S&P 500 with a daily volume of 2,875 million shares. This is close to the average volume we saw on a daily basis during the past 3 months. Short-Term Outlook: In previous short-term outlook, we had suggested: "even if we see negative trading tomorrow at the market open, it could be short-lived, unless we see a change in the sentiment on the 30-day charts" - Today, the major indexes traded flat to modestly lower. 5-day charts (1 bar = 5 minutes) with a 20-period SBV are showing declining SBV oscillator readings at session's end. Negative money flow on this chart would suggest the possibility of negative trading tomorrow after the market open. 30-day charts (1 bar = 30 minutes) with a 13-period SBV are showing flat SBV readings at this moment. This would suggest uncertain sentiment on this charts. However, the most recent bullish volume accumulation (green SBV areas) would confirm outlook derived from 5- and 15-day charts. Strong bullish volume surge at the end of today's trading session is another point into the favor of the Bears. Still, we would continue monitoring 30-day chart for clearer SBV direction and confirmation of Bearish trading. Financial Press Overview: From AP: U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market. President Barack Obama on Tuesday urged Congress to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money. He said he would sign the legislation "right away." Previous Next Disclaimer: Individual traders are responsible for making their own trades based on our Market Outlook. Important Notices: Please do not reply to this email as it is not monitored by our support department. All terms found in our Market Commentary can be found here. If you do not understand some of the terms in our Market Outlook, we highly suggest that you review the terms found in our table of definitions. Current Market Outlook, email alert settings, or access to password retrieval can be found by logging into our site here. If, for any reason, you do not receive an email with our Market Outlook on time (SMTP server problem, account over quota, etc...), then we suggest that you log in to check our current Market Outlook. You can find instruction how to change the email address where you  receive our Market Commentary here. If you have any questions, do not hesitate to send us an email. Our support team will personally work with you to provide quality service and solve any problems you may have. Sincerely, IDT Customer Service Highlight Investments Group.