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*** The Stock Market Cook Book is on vacation. Happy Thanksgiving everyone! ***

Homebuilders (XHB) get nailed; Palladium (PALL) hits record high; Buyers move back in--is the start of the Santa rally?
November 15, 2018

***In the five minutes it took to publish this, the major averages have already moved over their calculated resistances.***

1:25 pm ET: Intraday support/resistance:
SPX 2670.8/2717.6
DTX 1033.7/1055.3
DJIA 24785/25165
Nasdaq 7072/7212
RUT 1491.7/1516.3
VIX 20.3/23 (VIX moving above 20 means bears are back in control)
Trin range: 0.6 - 0.9 (falling Trin is bullish)
Average VWAPs: +253/-46 (very bullish/contrarian)

Nat gas (UNG) goes parabolic (+18%); Apple (AAPL), S&P ($SPX), Industrials ($DJIA) break support; Banks (KRE, KBE), Financials (XLF), Insurance (KIE) getting hit especially hard on regulatory concerns; Treasuries rise as Junk bonds (HYG, JNK) continue to sink
November 14, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2691.4/2746.8
DTX 1037.5/1060.5
DJIA 24985/25495
Nasdaq 7108/7286
RUT 1494.4/1530.6
VIX 19.4/22.6 (VIX moving above 20 means bears are back in control)
Trin range: 0.8 - 1.2 (neutral)
Average VWAPs: +50/-317 (extremely bearish)

Nat gas (UNG) soars as Oil (USO) tanks; Oil/Gas service etfs (PXJ, XES) & Mexico funds (MXF, EWW) slump to all time lows
November 13, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2713.8/2754.6
DTX 1038.1/1056.5
DJIA 25195/25545
Nasdaq 7183/7319
RUT 1517.3/1536.7
VIX 18.35/21.25 (VIX moving above 20 means bears are back in control)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +74/-117 (bears with the edge)

Bears take control as volatility jumps; USD (UUP) hits yearly high while Euro (FXE) sinks to a yearly low; Precious metals continue to slump (GLD, SLV); Apple (AAPL) sinks below major support; Junk bonds (JNK, HYG) slide to new yearly lows; Previous market darlings Tech (XLK), Healthcare (XLV, IHI), Biotech (XBI), Aero & Defense (PPA) getting hit hardest
November 12, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2722/2776
DTX 1040/1055
DJIA 25435/25965
Nasdaq 7164/7371
RUT 1519.2/1549
VIX 17.8/21 (VIX moving above 20 means bears are back in control)
Trin range: 1.1 - 1.5 (bearish/contrarian)
Average VWAPs: +59/-206 (very bearish; selling concentrated in FANG (FDN, SOCL), semis (SOXX, SMH), aero & defense (PPA), Biotech (IBB), healthcare (XLV, IHI))

Market reverses course following post-election euphoria; Silver (SLV, PSLV), Mexico (EWW, MXF), Oil Services (OIH, XES) testing multi-year lows; Nat gas (UNG) soars; Commodity etf (DBC) breaks major support
November 9, 2018

1:00 pm ET: Intraday support/resistance:
SPX 2769.5/2794.1
DTX 1047.4/1065.4
DJIA 25900/26150
Nasdaq 7354/7474
RUT 1537.8/1577.0
VIX 17.15/18.25 (rising VIX means bears are tightening their grip)
Trin range: 1.1 - 1.35 (bearish)
Average VWAPs: +76/-162 (bearish)

Market stalled ahead of today's Fed rate decision; Oil (USO) breaks major support; Egypt (EGPT) tops near-term resistance
November 8, 2018

12:50 pm ET: Intraday support/resistance:
SPX 2803.6/2817.4
DTX 1061.1/1073.9
DJIA 25210/26300
Nasdaq 7519/7577
RUT 1576.1/1586.7
VIX 16.1/16.6 (VIX over 15 still means bears are in control--for now)
Trin range: 1.0 - 1.3 (bearish)
Average VWAPs: +104/-142 (bull/bear battle)

Domestic & global markets jump on Congressional gridlock; Healthcare (XLV), Pharma (PJP) understandably getting a huge boost; Oil (USO) testing major support; USD (UUP), N. Zealand $ ($NZD) break support
November 7, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2774.1/2808.9
DTX 1050.3/1069.7
DJIA 25765/26055
Nasdaq 7436/7582
RUT 1556.3/1577.7
VIX 16.6/17.9 (plummeting VIX is very bullish but VIX over 15 still means bears are in control--for now)
Trin range: 1.05 - 1.4 (bearish)
Average VWAPs: +177/-82 (very bullish but bears are grousing; big jump into healthcare)

Mr. Market mildly optimistic on election day reflecting possible red wave; Consumer Staples (XLP) continues to rally; Black Swan etf (SWAN) makes its debut
November 6, 2018

1:20 pm ET: Intraday support/resistance:
SPX 2737.5/2757.5
DTX 1033.8/1053
DJIA 25455/25645
Nasdaq 7326/7406
RUT 1544.7/1559.3
VIX 19.7/20.5 (VIX still straddling the bull/bear fence)
Trin range: 1.1 - 1.4 (bearish)
Average VWAPs: +124/-85 (bull/bear battle, but bulls have the edge)

Apple (AAPL) tests major support; Nat gas (UNG), Solar (TAN) soar; Cocoa (NIB) rally picks up steam; Market sitting on its hands in front of tomorrow's elections
November 5, 2018

1:10 pm ET: Intraday support/resistance:
SPX 2715.7/2734.3
DTX 1029.6/1041.6
DJIA 25215/25445
Nasdaq 7256/7354
RUT 1534.4/1554.8
VIX 19.65/20.95 (VIX straddling the bull/bear fence)
Trin range: 0.8 - 1.05 (neutral)
Average VWAPs: +84/-100 (bull/bear battle)

Apple (AAPL) breaks first line of support on lower guidance; Bears retake control as volatility expands
November 2, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2698.5/2756.5
DTX 1024.6/1051.4
DJIA 25020/25580
Nasdaq 7273/7467
RUT 1534.8/1557.2
VIX 18.25/22.65 (rising VIX is bearish; VIX rising above 20 means bears are regaining control)
Trin range: 1.1 - 1.7 (very bearish/contrarian)
Average VWAPs: +75/-237 (very bearish/contrarian)

Broad market and global rally as volatility deflates; Ag commodities, Metals, Alt energies (TAN, FAN) flare up while Oil (USO) slumps; Bonds, USD (UUP), N. Zealand $ ($NZD) under pressure
November 1, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2708.9/2742.3
DTX 1017.4/1038.2
DJIA 25110/25370
Nasdaq 7287/7455
RUT 1512.7/1547.3
VIX 18.3/21.2 (falling VIX is bullish; VIX falling beneath 20 means bears are losing control)
Trin range: 0.9 - 1.2 (neutral Trin means that market has room to run in either direction)
Average VWAPs: +279/-81 (very bullish/contrarian)

Tech (XLK, FDN), Banks & Financials (KRE, KBE, XLF) pop; Precious metals (GLD, SLV), Mexico (MXF, EWW) plop; Transports running out of fuel after the opening pop
October 31, 2018

1:25 pm ET: Intraday support/resistance:
SPX 2702.1/2729.1
DTX 1022.3/1030
DJIA 25035/25265
Nasdaq 7270/7372
RUT 1508.8/1531.2
VIX 20.95/22.55 (falling VIX is bullish but VIX over 20 means bears are in full control)
Trin range: 0.9 - 1.1 (neutral)
Average VWAPs: +151/-16 (bull/bear battle)

Amazon (AMZN), Netflix (NFLX), Alphabet (GOOGL), Microsoft (MSFT) continue to break down; USD (UUP) hits another new high while Swissie (FXF) hits another new low
October 30, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2619.7/2673.7
DTX 987.6/1013.6
DJIA 24215/24755
Nasdaq 6917/7149
RUT 1462.2/1503.8
VIX 23.85/26.25 (rising VIX is bearish and VIX over 20 means bears are in full control)
Trin range: 0.9 - 1.4 (neutral to bearish)
Average VWAPs: +135/-137 (bull/bear battle)

Amazon (AMZN), Netflix (NFLX) violate major support levels as tech tumbles; Mexico etfs (EWW, MXF) plunge to new yearly lows; Banks (KRE), Retail (XRT) bounce back
October 29, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2658.3/2706.7
DTX 1002/1016.6
DJIA 24660/25040
Nasdaq 7099/7296
RUT 1485.2/1514.8
VIX 22/24.5 (VIX over 20 means bears are in full control)
Trin range: 0.9 - 1.4 (neutral to bearish)
Average VWAPs: +49/-313 (very bearish/contrarian)

Transports retest February support; Google (GOOGL), Amazon (AMZN), Netflix (NFLX) testing major support; Facebook (FB), Snapchat (SNAP), Tencent (TCEHY) slump to new lows
October 26, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2628.5/2696.8
DTX 982/1005
DJIA 24445/25005
Nasdaq 7057/7283
RUT 1459.2/1500.8
VIX 22.8/27.5 (VIX over 20 means bears are in full control)
Trin range: 0.75 - 1.25 (bullish to bearish)
Average VWAPs: +225/-50 (very bullish/contrarian)

Market reloads after yesterday's broad sell-off; Wheat (WEAT) breaks support; Gold miners plunge (GDX, GDXJ); Greenback (UUP) moves to a new yearly high; Volatility remains firmly in bear territory (>20)
October 25, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2667.9/2712.1
DTX 993.1/1014.9
DJIA 24650/25050
Nasdaq 7180/7320
RUT 1470.5/1514.5
VIX 21.25/24.75 (VIX over 20 means bears are in full control)
Trin range: 1.0 - 1.35 (bearish)
Average VWAPs: +237/-79 (very bullish/contrarian)

Market sell-off continues as Transports, Nasdaq violate next support levels; USD (UUP) pops/Brit. pound (FXB), Euro (FXE) drop; Tech (XLF, SOCL), Banks (KBE, KRE, IAT), Biotech (IBB) today's biggest losers; Rally in Consumer Staples (XLP) continues
October 24, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2690.4/2742.6
DTX 1003.3/1030.7
DJIA 24895/25305
Nasdaq 7245/7435
RUT 1490.3/1527.7
VIX 20.4/24.7 (VIX over 20 means bears are in full control)
Trin range: 1.25 - 1.6 (bearish/mildly contrarian)
Average VWAPs: +64/-286 (extremely bearish/contrarian)

Breaking support levels: Europe etfs (EWP, EWK, EWI, EWO, VGK, EWD, EWQ, EWG, EIRL), Semis (SOXX, SMH), Consumer Discretionary (XLY), Financials (XLF), Copper Miners (COPX), Solar (TAN); Shippers (SEA) sink to a record low; Hersheys (HSY) moves above major resistance as consumer staples rally
October 23, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2691.4/2738.6
DTX 1001/1031.8
DJIA 24470/25175
Nasdaq 7260/7420
RUT 1497.9/1536.9
VIX 20.6/24.1 (rising VIX is bearish; VIX over 20 means bears are in full control)
Trin range: 0.5 - 0.9 (lowered Trin gives bears more room to run)
Average VWAPs: +264/-58 (extremely bullish/very contrarian)

Palladium (PALL) breaks out; Regional Banks (KRE, IAT) break down; Homebuilders (XHB) and Materials (XLB) continue to slump; China etfs pop
October 22, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2747/2779
DTX 1034.2/1047.2
DJIA 25185/25560
Nasdaq 7420/7520
RUT 1534.6/1551.4
VIX 19.85/20.95 (rising VIX is bearish; VIX over 20 means bears are in full control)
Trin range: 0.95 - 1.25 (rising Trin is bearish)
Average VWAPs: +104/-114 (bull/bear battle)

Shipping (SEA) sinks to record low; Homebuilders (XHB, NAIL) collapse to new yearly low; Investors marking down apparel makers (RL, LULU, VFC, PVH)
October 19, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2759.2/2797.8
DTX 1032.7/1050.3
DJIA 25340/25610
Nasdaq 7437/7583
RUT 1545/1570
VIX 18.4/20.6 (bearish; VIX over 20 means bears are in full control)
Trin range: 0.65 - 0.95 (a low Trin gives the bears a lot more room to run)
Average VWAPs: +43/-232 (very bearish/contrarian)

Bears retake control in broad sector and global sell-off; Tech, Europe, China feel the most pain
October 18, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2750/2806
DTX 1035.5/1067.5
DJIA 25210/25690
Nasdaq 7431/7617
RUT 1553.3/1588.7
VIX 17.9/21.7 (rising VIX is bearish and VIX over 20 means bears are in full control)
Trin range: 0.7 - 0.95 (a low Trin gives the bears a lot more room to run)
Average VWAPs: +31/-214 (very bearish/contrarian)

Investors depositing money into Banks (KRE, KBE), Financials (XLF), Broker-Dealers (IHI); Major averages pause after yesterday's strong rally
October 17, 2018

1:05 pm ET: Intraday support/resistance:
SPX 2781.8/2815.6
DTX 1056.9/1084.5
DJIA 25480/25820
Nasdaq 7563/7685
RUT 1571.5/1596.5
VIX 16.95/19.55 (falling VIX is bullish but VIX over 15 means bears are in control)
Trin range: 0.55 - 0.8 (bullish to contrarian)
Average VWAPs: +151/-57 (bullish)

Strong broad sector rebound as VIX plunges; Turkey (TUR) tops resistance
October 16, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2767/2808.4
DTX 1056.4/1077.8
DJIA 25350/25820
Nasdaq 7493/7649
RUT 1554.1/1595.9
VIX 17.35/19.8 (falling VIX is bullish; VIX dropping under 20 means the bears' grip is loosening--for now)
Trin range: 0.95 - 1.3 (neutral to bearish (!))
Average VWAPs: +260/-41 (extremely bullish/contrarian)

Investors liking Ag commodities esp. Soybeans (SOYB) & Corn (CORN); Major averages take a breather as side-liners figure out their next move
October 15, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2749/2779
DTX 1049/1059
DJIA 25250/25450
Nasdaq 7400/7506
RUT 1537.5/1563.5
VIX 19.65/22.25 (falling VIX is bullish but VIX over 20 is very bearish overall)
Trin range: 0.75 - 1.1 (bullish to neutral (!); a low Trin in a falling market gives the market further room to fall)
Average VWAPs: +121/-50 (moderately bullish but not a lot of conviction on either side)

***The Stock Market Cook Book is on vacation and will return Monday, October 15th. ***

Bonds, stocks, Tech (XLK), Retail (XRT, RTH), Alt Energies (TAN, FAN), Gaming (BJK), Global funds esp. India (IFN, PIN, EPI, INDY) tanking; Utes (XLU) jump; VIX continues to soar
October 5, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2866.4/2909.6
DTX 1109.3/1129.5
DJIA 26270/26675
Nasdaq 7694/7902
RUT 1615.3/1651.5
VIX 13.45/17.35 (rising VIX is bearish; a VIX close over 15 means bears are sliding into the drivers' seat)
Trin range: 0.65 - 1.1 (bullish to neutral (!); a low Trin in a falling market gives the market further room to fall)
Average VWAPs: +48/-161 (bearish)

Fed's hawkish stance tanks bonds, stocks, REITs, Tech (XLK, FFTY), Consumer Discretionary (XLY), Alt Energies (TAN, FAN), Healthcare (XLV), Biotech (XBI); Nasdaq, Transports break support; N. Zealand $ ($NZA) hits new high as Aussie $ (FXA) hits new low; VIX jumps into bearish territory
October 4, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2886.6/2919.4
DTX 1122.3/1140.5
DJIA 26465/26785
Nasdaq 7845/7995
RUT 1640.3/1671
VIX 12.4/15.7 (rising VIX is bearish; a VIX close over 15 means bears are sliding into the drivers' seat)
Trin range: 0.7 - 1.0 (bullish to neutral (!); a low Trin in a falling market gives the market further room to fall)
Average VWAPs: +46/-190 (very bearish)

Tech (XLK), Aero & Defense (PPA), IT (VGT), Agribiz (MOO) notch record highs as Yen (FXY), India (EPI, INDY), Greece (GREK) slump to new lows; Base metals (DBB) get a boost; Oil (USO) tops major resistance
October 3, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2930.9/2939.9
DTX 1130.8/1141
DJIA 26835/26965
Nasdaq 8012/8058
RUT 1656.3/1677.7
VIX 11.35/11.65 (VIX under 12 is becoming contrarian)
Trin range: 0.65 - 0.85 (bullish)
Average VWAPs: +145/-86 (bullish; rotation out of Med. Devices (IHI), Utes (XLU), REITs (VNQ) and into Regional Banks (KRE), Semis (SOXX), Gas/Oil producers (XOP))

Dow Industrials notches record high as Russell 2000 continues to sink; Wind energy (FAN) breezes to a new low; Latin America (ILF), Brazil (EWZ) heat up while Greece (GREK) continues to cool off; Bitcoin (GBTC) tests major support
October 2, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2919.3/2933.5
DTX 1126.7/1139.3
DJIA 26630/26830
Nasdaq 8006/8059
RUT 1660.1/1674.9
VIX 11.45/12.35 (VIX under 12 is becoming contrarian)
Trin range: 0.65 - 0.9 (bullish)
Average VWAPs: +78/-119 (mildly bearish)

Oil (USO), Nat gas (UNG) in strong rally mode; Loonie (FXC) pops on NAFTA deal while Yen (FXY) slides to new low; Saudi Arabia (KSA) tops resistance
October 1, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2923.6/2937
DTX 1141/1149.4
DJIA 26595/26740
Nasdaq 8043/8107
RUT 1678.4/1703.8
VIX 11.55/12.35 (falling VIX is bullish but VIX under 12 is becoming contrarian)
Trin range: 0.5 - 0.7 (very bullish to contrarian)
Average VWAPs: +60/-174 (very bearish)

Healthcare, Pharma, Biotech (XLV, PJP, FBT) continue to soar; Swissie (FXF) fails near-term support
September 27, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2909.3/2931.3
DTX 1136.9/1146.9
DJIA 26380/26570
Nasdaq 8018/8092
RUT 1689.8/1798.2
VIX 11.75/12.65 (falling VIX is bullish)
Trin range: 0.75 - 1.25 (moderately bullish to moderately bearish)
Average VWAPs: +83/-66 (bull/bear tug of war)

Healthcare etfs (XLV, IXJ, IHI) notch record highs; REITs (IYR, VNQ, NAIL) break support on rising mortgage rates; Brazil real (BZF) tops first line of resistance
September 26, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2915.5/2927.5
DTX 1132.3/1143.7
DJIA 26500/26580
Nasdaq 8009/8049
RUT 1701.9/1711.1
VIX 11.8/12.3 (falling VIX is bullish)
Trin range: 1.05 - 1.3 (bearish)
Average VWAPs: +86/-73 (bull/bear tug of war)

Medical device makers (IHI) continues to ascend into the stratosphere; That's about it for today
September 25, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2915.4/2924.4
DTX 1129.7/1140.4
DJIA 26515/26635
Nasdaq 7979/8019
RUT 1705.5/1712.5
VIX 12.05/12.55 (bullish)
Trin range: 0.65 - 0.8 (bullish)
Average VWAPs: +87/-107 (bull/bear battle; buying in Medical devices (IHI), Aero & Defense (PPA), Leisure (FUN, PLNT, MPX, BC)' selling in autoparts makers & retailers, semis)

Market sells off as Homebuilders (XHB, NAIL), REITs (VNQ, IYR) break down; India (IFN, PIN INDY, EP) drops while Turkey (TUR) pops; Nat gas (UNG), Oil producers/explorers (XOP) break out; GE slices through $12 support
September 24, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2911.3/2923.9
DTX 1132.3/1151.5
DJIA 26485/26705
Nasdaq 7912/8016
RUT 1697.7/1711.7
VIX 12.2/13.2 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.55 - 0.65 (bullish (!))
Average VWAPs: +126/-72 (moderately bullish; selling continues in REITs (VNQ, IYR); selling in regional banks (KRE, IAT); buying in Medical devices (IHI))

Shipping (SEA) breaks out/Cocoa (NIB) breaks down; Mister Softee (MSFT) hits record high; ScandInavia (NORW, EWD) jump above support levels
September 21, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2931.1/2940.9
DTX 1150.6/1161.2
DJIA 26680/26780
Nasdaq 7989/8057
RUT 1711.6/1724.4
VIX 11.05/12 (falling VIX is bullish but VIX under 12 is contrarian)
Trin range: 0.85 - 1.15 (neutral to mildly bearish)
Average VWAPs: +77/-131 (mildly bearish; buying in IT consulting (JOBS, CACI, IT, SAIC, MANT), Utilities (XLU), REITs (VNQ, IYR); selling in Biotech (IBB), Software, Auto parts makers & retailers (GPI, LEA))

Cocoa (NIB) breaks support; Metals jump, esp. palladium (PALL, SPPP) and steel (SLX); REITs break first line of support (VNQ, IYR, DRN); Insurance (KIE) moves to record high; Banks (KRE, KBE) and Financials (XLF) rebound
September 19, 2018

1:00 pm ET: Intraday support/resistance:
SPX 2903.6/2912.4
DTX 1147.4/1157.6
DJIA 26285/26465
Nasdaq 7914/7976
RUT 1698.7/1717.1
VIX 11.55/12.05 (falling VIX is bullish but VIX under 12 is becoming contrarian)
Trin range: 0.5 - 0.85 (falling Trin is very bullish but Trin nearing 0.5 is contrarian (meaning a reversal could be imminent))
Average VWAPs: +67/-130 (moderately bearish)

Corn (CORN), Soybeans (SOYB) slump to new record lows; Yen (FXY) continues its fall; Global etfs rebound pushing Thai fund (THD) above resistance
September 18, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2890.8/2917.2
DTX 1139.6/1162.4
DJIA 26075/26280
Nasdaq 7903/8007
RUT 1704.2/1717.6
VIX 12.45/12.85 (bullish)
Trin range: 0.85 - 1.2 (neutral to bearish, but Trin falling intraday is bullish)
Average VWAPs: +127/-65 (moderately bullish; buying in healthcare/pharma/biotech, aero $amp; defense; selling in internet/software)

Swissie (FXF) moves above resistance: Egypt (EGPT) plunges below major support; Munis fall to new yearly lows (MUE, MUC, VGM, MHN, MUS, etc.) Corn (CORN) continues to get shucked
September 17, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2889.1/2904.7
DTX 1142.1/1159.9
DJIA 26055/26185
Nasdaq 7907/8003
RUT 1701.7/1722.3
VIX 12.3/13.25 (bullish)
Trin range: 0.75 - 1.0 (bullish to neutral)
Average VWAPs: +60/-116 (mildly bearish; money flowing out of software, biotech)

Chinese stocks sell-off as more trade tariffs are threatened; Aero & Defense (PPA) continues to soar to new highs
September 14, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2895.8/2908.8
DTX 1148.2/1163.6
DJIA 26070/26210
Nasdaq 7975/8041
RUT 1712.6/1726
VIX 11.9/12.6 (falling VIX is bullish)
Trin range: 0.8 - 1.35 (bearish)
Average VWAPs: +66/-110 (mildly bearish; money flowing into aero & defense and out of internet, Chinese issues, auto parts retailers)

China, global markets rebound sharply on possible trade talks; Aerospace & Defense (PPA), Medical Devices (IHI), Healthcare (XLV), Water (PHO) notch record highs; Corn (CORN) slumps to another record low
September 13, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2895.2/2906.8
DTX 1144.3/1157.7
DJIA 26070/26190
Nasdaq 7990/8037
RUT 1710.4/1722.6
VIX 12.4/12.8 (falling VIX is bullish)
Trin range: 0.9 - 1.2 (rising Trin is bearish)
Average VWAPs: +86/-110 (bull/bear battle)

Gaming (BJK) retests 2017 low; N. Zealand $ ($NZD)/Aussie $ (FXA) continue to diverge; Investors still dumping emerging markets; Chinese funds break major support levels (FXI, CAF, GXC, HAO, CHN, CHAU)
September 11, 2018

Quick Note on China play: If you'd like to play the bearish side of the China fund breakdown (say in a retirement account), you may wish to consider the triple short China fund YANG. Today, it broke above $70 major resistance which is bullish for the stock. The stock trades at a decent average daily volume near 300k and it does have options in case you want to write covered calls.

2:05 pm ET: Intraday support/resistance:
SPX 2866.8/2895.2
DTX 1150.37/1157.8
DJIA 25755/26045
Nasdaq 7881/7989
RUT 1710.3/1725.3
VIX 13.1/14.9 (falling VIX is bullish; VIX below 15 is bullish overall)
Trin range: 0.8 - 1.2 (bullish to neutral)
Average VWAPs: +112/-68 (mildly bullish, but bears are still in the picture)

Bulls pull out their party hats as the Transports (DTX) motor to an historic high; Hong Kong (EWH), China (GXC, HAO), India (INDY, PIN, IFN), Emerging markets (VWO, EEB, DGS) break down; Chinese tech giants (TCEHY, BABA) slice through major support levels
September 10, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2874.4/2887
DTX 1137.7/1157.1
DJIA 25855/26040
Nasdaq 7890/7945
RUT 1712.2/1723.8
VIX 13.65/14.65 (falling VIX is bullish; VIX falling back below 15 means bulls are retaking control--for now)
Trin range: 1.0 - 1.15 (neutral to mildly bearish)
Average VWAPs: +110/-91 (bull/bear battle; money flowing into trucking, air freight)

Gold Miners (GDX, GDXJ) ,Lithium (LIT), Solar (TAN) slide to new yearly lows; N. Zealand $ ($NZD) breaks out as neighbor Aussie $ (FXA) breaks down; Sell-off continues in most global markets; Volatility rises
September 7, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2864.1/2883.8
DTX 1129.9/1145.1
DJIA 25820/26000
Nasdaq 7867/7963
RUT 1706.4/1722.6
VIX 14.2/15.65 (A VIX close over 15 means bears are gaining control)
Trin range: 0.55 - 1.0 (falling Trin is bullish but an intraday rising Trin from a contrarian value is bearish)
Average VWAPs: +57/-124 (bearish)

Gaming (BJK), Social Media (SOCL), Wheat (WEAT) violate support; Belgium (EWK), Greece (GREK) hit new yearly lows; Profit-taking in semis (SMH, SOXX), Biotech (IBB, FBT, XBI); Trucking (ODFL, LSTR), Restaurants (DIN, TXRH) attract buyers
September 6, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2866/2892
DTX 1134.9/1143.9
DJIA 25875/26075
Nasdaq 7885/8002
RUT 1713.4/1731.4
VIX 13.7/14.3 (rising VIX is bearish; a VIX close over 15 means bears are gaining control)
Trin range: 1.0 - 1.5 (bearish)
Average VWAPs: +69/-135 (bearish; selling in semis, software/internet; buying in aero & defense, trucking (ODFL, LSTR), restaurants (EAT, DIN, TXRH))

Tech names sell off (FB, BABA break support); Gold Miners (GDX), Precious metals ($XAU) fall to multi-year lows; Peru (EPU), S. Africa (EZA), Indonesia (IDX) slump under major support levels
September 5, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2876.9/2897.1
DTX 1125.3/1142.7
DJIA 25870/26020
Nasdaq 7953/8077
RUT 1713.7/1732.7
VIX 13.2/14.3 (VIX under 15 is bullish overall)
Trin range: 0.75 - 1.0 (bullish to neutral)
Average VWAPs: +114/-81 (bull/bear tug of war; heavy selling in FANGs & software, buying in truck co's)

Amazon (AMZN) second FANG company to reach $1Trillion market cap; Treasuries & Investment grade bonds, global funds, REITs, Precious metals (esp. Silver (SLV)), Aussie $ (FXA) tank
September 4, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2885.1/2900.9
DTX 1128.3/1133.9
DJIA 25805/25955
Nasdaq 8042/8108
RUT 1722/1740.8
VIX 13.15/14.35 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.75 - 1.0 (bullish to neutral)
Average VWAPs: +111/-89 (bull/bear tug of war)

Australian $ (FXA) retests multi-year low; Investors dumping Euro funds (FEZ, VGK); Tech names (XLK, MSFT, AMZN, NFLX) showing signs of buying fatigue
August 31, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2891.7/2906.3
DTX 1126.4/1134.4
DJIA 25870/26030
Nasdaq 8080/8120
RUT 1728.4/1736.6
VIX 12.8/14.05 (VIX under 15 is bullish overall)
Trin range: 0.75 - 1.15 (bullish to neutral)
Average VWAPs: +71/-65 (bull/bear tug of war)

Nasdaq, Russell (RUT) continue to notch record highs; Global markets slump; Tech continues to dominate
August 30, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2903.9/2913.7
DTX 1132.3/1137.6
DJIA 26000/26120
Nasdaq 8085/8140
RUT 1728.8/1741.2
VIX 12.35/12.95 (VIX under 15 is bullish overall)
Trin range: 1.05 - 1.8 (very bearish/bullish contrarian)
Average VWAPs: +98/-71 (bull/bear tug of war)

A day of historic highs: Indices (SPX, RUT, Nasdaq), Tech (AMZN, MSFT, AAPL, XLK, IXN, SKYY, VGT, XT), Biotech (FBT, IBB), Healthcare/pharma (XLV, IXJ, IHI, PJP), Consumer/Retail (XLY, RTH)
August 29, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2898.4/2917.4
DTX 1135/1143
DJIA 26035/26165
Nasdaq 8042/8108
RUT 1724.7/1736.3
VIX 12.15/12.55 (VIX under 15 is bullish overall)
Trin range: 0.95 - 1.15 (falling Trin is bullish)
Average VWAPs: +85/-63 (bull/bear tug of war)

Swissie (FXF) breaks out/N. Zealand $ ($NZD) & Brazil Real (BZF) break down; Bonds roll over
August 28, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2893.5/2903.8
DTX 1138.4/1147.6
DJIA 26045/26125
Nasdaq 8007.3/8046.3
RUT 1722.4/1733.4
VIX 12.05/12.5 (VIX under 15 is bullish overall)
Trin range: 0.95 - 1.5 (rising Trin is bearish but Trin over 1.5 is becoming bullish contrarian)
Average VWAPs: +76/-72 (bull/bear seesaw; not a lot of conviction on either side)

S&P, Nasdaq, Russell 2000 hit historic highs along with Healthcare (IHI, IXJ, XLV), Biotech (FBT), Tech (XT, XLK), Consumer Discretionary (XLY); Global markets jump on US/Mexico trade deal
August 27, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2884.7/2907.7
DTX 1130.8/1145.8
DJIA 25880/26180
Nasdaq 7976/8044
RUT 1727.3/1739.5
VIX 12/12.5 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.45 - 0.7 (falling Trin is bullish but Trin below 0.5 is contrarian)
Average VWAPs: +77/-69 (bull/bear seesaw)

IT (VGT), Consumer discretionary (XLY), Healthcare (XLV), Medical device makers (IHI), Cyber-Security (HACK) notch record highs; S&P, Nasdaq also on track to close at record highs
August 24, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2862.4/2882
DTX 1126.1/1132.9
DJIA 25690/25830
Nasdaq 7907.6/7952.4
RUT 1718.4/1727
VIX 11.8/12.2 (VIX under 15 is bullish but VIX falling below 12 is getting into contrarian territory)
Trin range: 0.75 - 0.95 (bullish)
Average VWAPs: +89/-61 (bull/bear seesaw)

IT (VGT) hits another record high; Russia (RSX), Brazil funds (BRF, BZF (currency fund)) slice through support levels
August 23, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2850.6/2868.8
DTX 1123.4/1134.6
DJIA 25580/25760
Nasdaq 7864/7926
RUT 1712.6/1723.4
VIX 11.65/12.65 (VIX under 15 is bullish but VIX falling below 12 is getting into contrarian territory)
Trin range: 0.85 - 1.35 (rising Trin is bearish)
Average VWAPs: +71/-81 (bull/bear tug of war)

Transports doing an about face could be the canary in the coal mine for a market reversal; Retail (XRT, RTH), Consumer discretionary (XLY), Med. devices (IHI), Pharma (PJP) move to record highs
August 22, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2856/2867.5
DTX 1130/1143.6
DJIA 25765/25835
Nasdaq 7841/7906
RUT 1715.8/1722.2
VIX 11.85/12.85 (falling VIX is bullish bit VIX under 12 is getting into contrarian territory)
Trin range: 0.7 - 0.9 (falling Trin is bullish)
Average VWAPs: +108/-61 (moderately bullish; buying in med. devices, fast food chains, biotech, IT; selling in aero & defense, auto parts makers (LEA, BWA, VC, DLPH)))

Russell 2000 (RUT), Transports (DTX), Consumer Discretionary (XLY) notch record highs; Dollar (UUP), N. Zealand $ ($NZD), Brazil real (BZF) drop/Euro currencies pop
August 21, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2861.5/2876.5
DTX 1136.8/1150
DJIA 25785/25895
Nasdaq 7837/7913
RUT 1698.9/1727.1
VIX 12.05/12.45 (falling VIX is bullish)
Trin range: 0.9 - 1.05 (falling Trin is bullish)
Average VWAPs: +92/-63 (moderately bullish but bears are hanging around)

***The Stock Market Cook Book is on vacation until August 21st.***
August 17 - August 21, 2018

Domestic & global markets rebound; Apple (AAPL) pops to another record high; Utes (XLU) break out
August 16, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2831.5/2853.6
DTX 1114.3/1125.3
DJIA 24295/25705
Nasdaq 7810/7850
RUT 1680.4/1691.6
VIX 12.8/13.6 (falling VIX is bullish)
Trin range: 1.0 - 1.4 (falling Trin is bullish but Trin over 1.0 is neutral to bearish)
Average VWAPs: +84/-74 (bull/bear battle)

Bears move in causing a rout in most global funds, energy, and metals; Internet/social network funds (SOCL, PNQI), Gaming (BJK) break support; S&P, Transports, Dow test support; VIX jumps 20% into bear territory
August 15, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2796.4/2828
DTX 1097.8/1112.2
DJIA 24955/25235
Nasdaq 7717/7833
RUT 1660.4/1691.6
VIX 14.45/17.05 (jumping VIX is very bearish; VIX back over 15 means bears are taking control)
Trin range: 1.3 - 1.65 (very bearish)
Average VWAPs: +62/-123 (bearish)

Retail funds (XRT, RTH) break out to record highs; USD (UUP) pops as foreign currencies continue to break down (CYB, FXA, FXB, FXE); Gaming (BJK), Solar (TAN), Clean energy (ICLN) violate major support levels
August 14, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2826.6/2845.4
DTX 1103.5/1122.5
DJIA 25200/25350
Nasdaq 7815.5/7894.5
RUT 1676.2/1699.2
VIX 12.85/14.3 (falling VIX is bullish; VIX under 15 means bulls are still in control)
Trin range: 1.0 - 1.4 (bearish)
Average VWAPs: +80/-73 (bull/bear tug of war; buying in banks (KRE, KBE))

Turkey financial crisis puts downward pressure on global markets; Breaking down: Int'l bonds (IGOV, WIP, ISHG), Precious metals ($XAU, GLD, SLV), Country etfs (EWP, GWX, EWY, CEE, KSA, RSXJ, GREK, ILF), Aussie $ (FXA)
August 13, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2819.6/2843.4
DTX 1098.4/1111.6
DJIA 25150/25380
Nasdaq 7801/7889
RUT 1670.5/1684.1
VIX 12.95/15.05 (rising VIX is bearish; if VIX closes over 15 means bears are gaining control)
Trin range: 0.9 - 1.3 (bearish)
Average VWAPs: +59/-99 (bears with the edge)

***The Stock Market Cook Book is experiencing technical difficulties. We hope to be back online shortly.***
August 10, 2018

Amazon (AMZN) continues to soar; Consumer Discretionary (XLY), IT (VGT) notch record highs; N. Zealand $ ($NZD) breaks out while Emerging Currencies (CEW) break down
August 9, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2855/2864
DTX 1113.7/1122.7
DJIA 25525/25625
Nasdaq 7881/7931
RUT 1686.9/1700.1
VIX 10.6/11.0 (VIX under 12 is contrarian, but note that it can stay at these levels for a while)
Trin range: 1.15 - 1.45 (bearish/contrarian)
Average VWAPs: +96/-89 (bull/bear battle)

Pharma (PJP) soars to high; Amazon (AMZN) rallies to another record high; Brit Pound (FXB), Russia small caps (RSXJ) tank
August 8, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2833.1/2862.9
DTX 1115.6/1123.4
DJIA 25540/25630
Nasdaq 7865/7905
RUT 1677.7/1692.3
VIX 10.6/11.2 (falling VIX is bullish but VIX under 12 is becoming contrarian)
Trin range: 0.75 - 1.35 (bullish to bearish)
Average VWAPs: +102/-91 (bull/bear battle)

Gold Miners (GDXJ) violate major support; Retail (RTH) inches to record high; Volatility (VIX) bottoms
August 7, 2018

1:10 pm ET: Intraday support/resistance:
SPX 2855.9/2865.7
DTX 1114.3/1127.1
DJIA 25550/25765
Nasdaq 7869/7901
RUT 1684.9/1696.1
VIX 10.9/11.25 (falling VIX is bullish but VIX under 12 is becoming contrarian)
Trin range: 0.8 -1.2 (bullish to neutral)
Average VWAPs: +98/-84 (bull/bear battle)

Water etf (FIW) notches record high; Turkey (TUR) slumps to a nine year low; Brit pound (FXB) continues to tumble
August 6, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2836/2853.3
DTX 1107/1116
DJIA 25380/25550
Nasdaq 7802/7864
RUT 1672/1688
VIX 11.0/12.15 (falling VIX is bullish but VIX under 12 is becoming contrarian)
Trin range: 0.8 -1.15 (bullish to neutral)
Average VWAPs: +87/-61 (bull/bear battle)

Cocoa (NIB) free-falls through next support level; Utilities (XLU) top resistance; Market quiet going into the weekend
August 3, 2018

12:50 pm ET: Intraday support/resistance:
SPX 2827.4/2835.8
DTX 1103.1/1109.9
DJIA 25325/25455
Nasdaq 7776/7824
RUT 1668.7/1687.3
VIX 11.45/12.35 (falling VIX is bullish but VIX under 12 is becoming contrarian)
Trin range: 0.75 -1.0 (bullish to neutral)
Average VWAPs: +75/-136 (moderately bearish; selling in biotech and internet)

Apple (AAPL) hits the coveted $1Trillion market cap; Tesla (TSLA) surges due to charged-up conference call & possible short squeeze; Chinese Yuan (CYB) slices through another support level; Metals, Emerging Markets (VWO, EEM) slump
August 2, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2796.4/2832.6
DTX 1096.7/1111.4
DJIA 25120/25410
Nasdaq 7660/7820
RUT 1662.4/1685.6
VIX 12.05/14.35 (falling VIX is bullish)
Trin range: 0.95 -1.25 (neutral)
Average VWAPs: +216/-64 (very bullish)

Fed leaves rates unchanged; Cocoa (NIB) continues to fall; China etfs break down (FXI, GXC, CAF); Bonds tumble; Apple (AAPL) on the verge of reaching $1T in market cap
August 1, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2804.8/2825.8
DTX 1099.7/1109
DJIA 25290/25490
Nasdaq 7661/7733
RUT 1656.7/1673.3
VIX 12.45/13.75 (bullish)
Trin range: 0.9 -1.15 (neutral)
Average VWAPs: +120/-128 (bull/bear battle)

Soybeans (SOYB), REITs (IYR, VNQ) rebound; Cocoa (NIB) slices major support; Wind energy (FAN) breaks out; FANG stocks waiting on Apple (AAPL) earnings due out after the bell; Investors are bullish ahead of FOMC rate decision tomorrow
July 31, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2808/2828
DTX 1096.3/1119.9
DJIA 25345/25555
Nasdaq 7615/7720
RUT 1653.6/1676.4
VIX 12.9/13.7 (falling VIX is bullish)
Trin range: 1.1 - 1.6 (bearish/contrarian)
Average VWAPs: +149/-70 (bullish, but bears are grousing)

FANG stocks FB, NFLX, GOOGL break support while TWTR tanks; Volatility heats up
July 30, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2796.2/2821.8
DTX 1092.1/1109.9
DJIA 25280/25500
Nasdaq 7570/7740
RUT 1651.5/1699.5
VIX 13.2/14.8 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.8 - 1.05 (neutral)
Average VWAPs: +66/-155 (bearish; selling in credit cards (V, MA), software, internet)

Disappointing Twitter (TWTR) earnings helps tank tech & tech heavy indices (SPX, Nasdaq); India etfs (IFN, INDY) break out
July 27, 2018

1:35 pm ET: Intraday support/resistance:
SPX 2802/2843
DTX 1087.6/1102.4
DJIA 25360/25580
Nasdaq 7685/7890
RUT 1658.7/1697.3
VIX 12.1/14.5 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.6 - 0.9 (falling Trin is bullish--note that a low Trin in a bearish environment gives the bears a lot more room to gain ground)
Average VWAPs: +37/-250 (extremely bearish to contrarian; Tech sells off hard)

Industrials top resistance; Transports continue to motor higher; Facebook (FB) face-plant temporarily halts rallies in Nasdaq, S&P
July 26, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2834.5/2845.5
DTX 1084.6/1105.4
DJIA 25465/25615
Nasdaq 7829/7881
RUT 1684.7/1702.9
VIX 11.95/12.65 (VIX under 15 is bullish)
Trin range: 1.1 - 1.5 (bearish to contrarian)
Average VWAPs: +111/-108 (bull/bear battle; buying in aero & defense, airlines, transports (rails, trucking stands out); selling in consumer discretionary esp. apparel)

Ag funds jump (WEAT, CORN, GRU); New record highs in internet stocks (MSFT, FB) help push Tech (XLK) to another record high; Mexico (MXF, EWW), Thailand (THD), Brazil (EWZ) hurdle resistance; Healthcare breaks out (XLV) while Homebuilders (XHB, NAIL) break down
July 25, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2817.7/2832.3
DTX 1064.5/1085.5
DJIA 25115/25255
Nasdaq 7839/7904
RUT 1675.1/1684.9
VIX 11.95/12.8 (VIX under 15 is bullish)
Trin range: 0.9 - 1.2 (neutral)
Average VWAPs: +148/-57 (bullish: buying in aero & defense, internet/software/tech, transports; selling in banks (KRE, KBE))

Bears storm in spoiling the bulls' opening pop; Alphabet (GOOGL) jumps to new high on earnings beat; Latin America (ILF), China (FXI, HAO) hurdle resistance; Cocoa (NIB) violates support
July 24, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2815/2830
DTX 1065.1/1088.9
DJIA 25090/25285
Nasdaq 7816/7929
RUT 1679.5/1706.9
VIX 11.95/13.25 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.65 - 0.80 (falling Trin is bullish (!))
Average VWAPs: +38/-256 (extremely bearish/contrarian; small buying in REITs, utes, consumer staples (XLP), selling in biotech and software)

Bonds nose-dive; Market shrugs off Trump's Iran tweet threat
July 23, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2795.1/2811.7
DTX 1073/1085.4
DJIA 24985/25095
Nasdaq 7777/7861
RUT 1690.5/1702.3
VIX 12.65/13.45 (VIX under 15 is bullish)
Trin range: 0.85 - 1.05 (neutral)
Average VWAPs: +107/-65 (bulls with the edge)

Silver (SLV), Brit Pound (FXB), China (FXI) breaks down; REITs surge (VNQ, IYR)
July 19, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2799.7/2814.3
DTX 1060.2/1076.8
DJIA 25055/25165
Nasdaq 7811/7854
RUT 1686.3/1701.5
VIX 12.35/13.15 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 1.2 - 1.7 (very bearish/contrarian)
Average VWAPs: +121/-48 (bullish; selling in internet/software/buying in biotech, healthcare equipment/life science tools)

Chinese Yuan (CYB) continues to break down; Transports accelerating to challenge resistance--a move above would be bullish
July 18, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2806/2817
DTX 1055/1081
DJIA 25100/25235
Nasdaq 7823/7871
RUT 1679.2/1689.8
VIX 11.85/12.45 (falling VIX is bullish)
Trin range: 0.75 - 1.0 (falling Trin is bullish)
Average VWAPs: +92/-63 (bulls with the edge)

FANG stocks at record highs (MSFT, FB, GOOGL, AMZN) pushing Nasdaq to record high; Precious metals break support (GLD, SLV, DBP); Malaysia (EWM) rebounds above resistance
July 17, 2018

1:25 pm ET: Intraday support/resistance:
SPX 2789.2/2817.8
DTX 1042.1/1048.9
DJIA 24990/25160
Nasdaq 7752/7884
RUT 1676.1/1691.9
VIX 11.8/13.2 (falling VIX is bullish)
Trin range: 0.9 - 1.5 (bearish/contrarian)
Average VWAPs: +142/-46 (bullish; selling in broadcasters and REITs, heavy buying in software/internet)

Oil (USO) breaks first line of support; Amazon (AMZN) continues to notch record highs despite worker strikes over Prime Day
July 16, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2793.4/2803.7
DTX 1035.7/1063.3
DJIA 24980/25060
Nasdaq 7805/7839
RUT 1674.4/1688.4
VIX 12.25/12.95 (VIX under 15 is bullish overall)
Trin range: 0.75 - 0.95 (falling Trin is bullish)
Average VWAPs: +64/-92 (bull/bear seesaw)

S&P rallying back over 2800; Russell 2000 showing signs of exhaustion
July 13, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2791.7/2808.3
DTX 1047/1059
DJIA 24890/25050
Nasdaq 7803.3/7846.7
RUT 1686.6/1697.4
VIX 12.05/12.95 (falling VIX is bullish and VIX under 15 is bullish overall)
Trin range: 1.1 - 1.5 (bearish to contrarian)
Average VWAPs: +70/-88 (bull/bear seesaw)

Tech names (MSFT, AMZN, FB) push tech etfs (XLK, FDN, SKYY) and Nasdaq to record highs
July 12, 2018

1:35 pm ET: Intraday support/resistance:
SPX 2781.5/2798.5
DTX 1041.5/1056.5
DJIA 24800/24960
Nasdaq 7747/7821
RUT 1679.3/1692.7
VIX 12.45/13.35 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.6 - 0.8 (bullish)
Average VWAPs: +123/-36 (bullish)

Corn (CORN), Soybean (SOYB), Grains (GRU) hit record lows; Oil/gas producers/services (XOP, XES) sell-off; Yen (FXY) fails major support; Turkey (TUR), Shippers (SEA) fall to multi-year lows
July 11, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2772/2786
DTX 1039.5/1061.5
DJIA 24685/24815
Nasdaq 7698/7752
RUT 1679/1696
VIX 13.1/13.95 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 1.05 - 1.5 (bearish/contrarian)
Average VWAPs: +85/-108 (mildly to moderately bearish but buyers haven't been completely dissuaded; selling in oil/gas producers (as indicated yesterday), semis (SMH, SOXX), and transports)

Corn (CORN) slumps to another record low; Oil/gas producers/services (XOP, XES) showing signs of exhaustion
July 10, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2784.4/2795.6
DTX 1051.9/1072.1
DJIA 24805/24945
Nasdaq 7728/7777
RUT 1689.5/1708.5
VIX 12.35/13.45 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.75 - 0.95 (bullish)
Average VWAPs: +58/-118 (mildly to moderately bearish)

REITs (VNQ, IYR), Utes (XLU) getting slammed; Global markets rebound lead by Russia (RSX), China (FXI), Emerging Markets (VWO, EEM); Financials (XLF), Industrials (XLI) lead US sector rebound; Facebook (FB) hits another record high
July 9, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2768.5/2785.1
DTX 1050.6/1075.4
DJIA 24520/24870
Nasdaq 7702/7748
RUT 1694.7/1703.4
VIX 12.4/13.2 (falling VIX is bullish and VIX under 15 means bulls are in control)
Trin range: 0.7 - 0.95 (bullish)
Average VWAPs: +94/-75 (major rotation out of utes and REITs and into Oil/gas explorers, aero & defense (PPA), auto parts (XLY))

*** Happy 4th of July! ***

July 3, 2018 The Stock Market Cook Book will be on vacation for the rest of the week. See y'all back on Monday, July 9th. Have a safe and happy holiday!


We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
















Junk bonds (HYG, JNK) plunge; REITs (VNQ, IYR) reverse sharply to the downside; Shippers (SEA), Frontier Markets (FM) sink to new lows; N. Zealand $ ($NZD) jumps to new high while Aussie $ (FXA) slides to new low
July 2, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2699/2721
DTX 1029.2/1046
DJIA 24075/24275
Nasdaq 7443/7527
RUT 1631/1645.6
VIX 16.5/18 (jumping VIX is bearish and VIX over 15 means bears are in control)
Trin range: 1.05 - 1.55 (bearish/contrarian)
Average VWAPs: +137/-68 (moderately bullish but bears are still hanging around; buying in aero & defense (PPA) and software; major selling in REITs)

Precious metals (GLD, SLV), Biotech, Energy (KOL, URA, FAN) rebound along with US & Global Markets; Utilities (XLU) top resistance; Shipping (SEA), Argentina (ARGT) continue to sink; Bitcoin (GBTC) breaches another support level
June 29, 2018

1:05 pm ET: Intraday support/resistance:
SPX 2726.7/2743.3
DTX 1028.2/1046.8
DJIA 24250/24510
Nasdaq 7526/7574
RUT 1645/1656
VIX 14.4/15.9 (falling VIX is bullish but VIX over 15 means bears are in control)
Trin range: 0.6 - 1.1 (bullish to neutral)
Average VWAPs: +77/-82 (bull/bear tug of war; buying in aero & defense (PPA), Biotech, REITs, soft drink makers; selling in apparel, auto parts (because of tariff wars), internet/software)

Oil (USO), N. Zealand $ ($NZD) rise to new highs; India (IFN), Germany (EWG), Poland (EPOL), Wind Energy (FAN) blow to new lows
June 28, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2692/2718
DTX 1014.3/1031.5
DJIA 24000/24250
Nasdaq 7420/7504
RUT 1630/1645
VIX 17.4/19.0 (rising VIX is bearish; VIX over 15 means bears are in control)
Trin range: 0.6 - 0.8 (bullish)
Average VWAPs: +177/-45 (very bullish; rotation out of auto parts (MGA, LEA ALV) & Restaurants (RRGB, SBUX, CMG, YUM) and into Internet/Software)

Bears start their summer picnic as Biotech (IBB, BBH), Semis (SOXX), Banks (KRE, KBE), Social Media (SOCL) break support; Global markets continue to sell-off with Emerging & Frontier Markets (VWO, FM) getting hit the hardest; Bonds take a surprising jump
June 27, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2706/2746
DTX 1041.2/1054.8
DJIA 24130/24570
Nasdaq 7478.9/7610
RUT 1650.5/1671.5
VIX 14.75/18.15 (rising VIX is bearish; VIX over 15 means bears are in control)
Trin range: 0.7 - 0.9 (bullish !!)
Average VWAPs: +41/-262 (extremely bearish/contrarian)

Shipping (SEA) sinks to multi-year low; Chinese Yuan (CYB), Bitcoin (GBTC) slump below support; REITs (VNQ) continue to rise
June 26, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2715.6/2734.4
DTX 1042/1055
DJIA 24240/24380
Nasdaq 7527/7613
RUT 1656.1/1673.9
VIX 14.85/17.15 (falling VIX is bullish but VIX over 15 means bears are in control)
Trin range: 0.9 - 1.15 (neutral)
Average VWAPs: +134/-46 (bullish)

Volatility jumps; Tech heads lower as Apple (AAPL) violates support; Uranium (URA), Coal (KOL), China (CHN) break down
June 25, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2702.1/2742.9
DTX 1049.1/1075.1
DJIA 24090/24465
Nasdaq 7460/7640
RUT 1645.2/1684.8
VIX 14.9/19.6 (jumping VIX is very bearish)
Trin range: 0.95 - 1.25 (rising Trin is bearish)
Average VWAPs: +83/-129 (bearish; rotation out of tech, biotech and into aero & defense and utilities)

Oil (USO) pops; Consumer Discretionary (XLY) rallies; Cyber-security (HACK) falls under first line of support
June 22, 2018

1:10 pm ET: Intraday support/resistance:
SPX 2754.6/2764.6
DTX 1079.5/1092.5
DJIA 24525/24675
Nasdaq 7670/7740
RUT 1685.6/1696.4
VIX 13.1/14.1 (falling VIX is bullish)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +101/-93 (bull/bear battle)

Transports, Nasdaq testing support; Timber (CUT), China (FXI), Malaysia (EWM) tumble
June 21, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2748/2773.4
DTX 1075.7/1091.3
DJIA 24450/24660
Nasdaq 7697/7803
RUT 1685/1710
VIX 13.2/14.6 (rising VIX is bearish but VIX under 15 is still overall bullish)
Trin range: 0.75 - 0.95 (falling Trin is bullish (!))
Average VWAPs: +84/-96 (bull/bear battle)

Record highs in FANG (NFLX, FB, GOOGL, AMZN) help push Internet/Social Media/Tech funds (FND, PNQI, SKYY) along with Nasdaq and Russell to record highs; Biotech (XBI, FBT), Retail (XRT), Consumer Discretionary (XLY) also breaking out to historic highs; Starbucks (SBUX) plunges below major support
June 20, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2764/2778
DTX 1080.8/1094.3
DJIA 24610/24790
Nasdaq 7756/7822
RUT 1694/1712
VIX 12.2/13 (falling VIX is bullish)
Trin range: 0.95 - 1.4 (rising Trin is bearish but Trin near 1.5 is contrarian)
Average VWAPs: +113/-72 (bulls with the edge but bears haven't left the party)

Global markets sell-off hard esp. Emerging & Frontier Markets (EEM, FM), China (FXI); USD (UUP) breaks out as Aussie $ (FXA), Loonie (FXC), Brit pound (FXB) break down; Corn (CORN), Soybeans (SOYB) drop to record lows; Aero & Defense (PPA) falls below first line of support
June 19, 2018

1:35 pm ET: Intraday support/resistance:
SPX 2743.2/2766.8
DTX 1077.3/1102.7
DJIA 24565/24785
Nasdaq 7636/7720
RUT 1672.7/1693.9
VIX 13.3/14.5 (rising VIX is bearish but VIX under 15 is overall bullish)
Trin range: 0.9 - 1.2 (rising Trin is bearish)
Average VWAPs: +105/-63 (bulls with the edge; selling pressure in aerospace & defense)

Facebook (FB) hits record high; Water (PIO), Shipping (SEA) sink; Emerging markets (EEM, PXH), Thailand (THD) break down
June 18, 2018

1:10 pm ET: Intraday support/resistance:
SPX 2757.1/2776.9
DTX 1095.4/1110.6
DJIA 24825/25015
Nasdaq 7677/7766
RUT 1674.4/1691.6
VIX 12.15/13.75 (rising VIX is bearish but VIX under 15 is overall bullish)
Trin range: 0.75 - 0.95 (falling Trin is bullish)
Average VWAPs: +112/-70 (bulls with the edge; selling in consumer staples, esp. food product makers; buying in internet and software)

Canadian $ (FXC) drops below major support; Gold (GLD), Coal (KOL), Uranium (URA), Oil services (OIH, XES) also violating support; Global markets selling off; Cocoa (NIB), Nat gas (UNG) break out
June 15, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2761.7/2780.3
DTX 1091.6/1111.2
DJIA 24895/25115
Nasdaq 7704/7756
RUT 1673/1684.6
VIX 11.95/13.15 (bullish)
Trin range: 1.05 - 1.5 (rising Trin is bearish but Trin at 1.5 is contrarian)
Average VWAPs: +115/-81 (bulls pushing back)

FANG/Software/Internet stocks continue to push Nasdaq to record highs; US$ pops as Aussie $ (FXA), Swissie (FXF), Euro (FXE) drop
June 14, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2776.5/2790.5
DTX 1097.4/1108.6
DJIA 25135/25335
Nasdaq 7723.5/7776.5
RUT 1674.5/1684.9
VIX 11.7/12.7 (falling VIX is bullish)
Trin range: 0.85 - 1.05 (bullish to neutral)
Average VWAPs: +91/-84 (major rotation out of aero & defense (PPA), Insurance (KIE) and into FANG/Internet/Software (FDN, PNQI))

FANG stocks push Nasdaq to record high; REITs, Homebuilders (XHB) reverse sharply; Rest of the market is quiet before 2pm Fed rate decision
June 13, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2784.5/2791.5
DTX 1100.8/1110.2
DJIA 25280/25360
Nasdaq 7706/7749
RUT 1676/1684.8
VIX 12/12.45 (bullish)
Trin range: 0.75 - 1.0 (bullish to neutral)
Average VWAPs: +58/-120 (bears are moving in)

Internet/software (PNQI, FDN, SKYY, HACK) hit record highs helping to push Russell, Nasdaq to their own intraday record highs; REITs (VNQ, DRN) continue in rally mode
June 12, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2780.2/2789.8
DTX 1102.7/1113.3
DJIA 25275/25365
Nasdaq 7670/7715
RUT 1675/1687.8
VIX 11.85/12.5 (bullish)
Trin range: 0.6 - 1.0 (bullish to neutral)
Average VWAPs: +73/-105 (bulls with the edge but bears aren't going away)

Bulls push Transports above resistance; Agribiz (MOO) breaks out as Corn (CORN), Soybeans (SOYB) break down; Retail (XRT) rallies to new yearly high
June 11, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2780.2/2790.8
DTX 1094.4/1111.6
DJIA 25290/25420
Nasdaq 7643/7682
RUT 1671.3/1677.1
VIX 12/12.6 (bullish)
Trin range: 0.6 - 0.75 (bullish)
Average VWAPs: +88/-84 (bull/bear battle; rotation out of regional banks (KRE) and into healthcare (IHI, PJP, XLV))

Costco (COST), Consumer Discretionary (XLY) hit record highs; Twitter (TWTR) pops to 3 year high
June 8, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2763.6/2779.8
DTX 1081.6/1092.4
DJIA 25165/25370
Nasdaq 7595.1/7658.7
RUT 1665.9/1673.7
VIX 12.05/13.05 (bullish)
Trin range: 0.75 - 1.0 (bullish)
Average VWAPs: +113/-47 (bullish)

Brazil etfs (BRF, EWZ) & Brazil Real (BZF) sink to new yearly lows; Tech takes time off; Swissie (FXF) breaks out; Clean energy funds (ICLN, PBW) violate support
June 7, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2756.1/2779.9
DTX 1076.4/1087.6
DJIA 25075/25325
Nasdaq 7582.6/7697.4
RUT 1648/1680
VIX 11.7/13.3 (falling VIX is bullish)
Trin range: 0.9 - 1.1 (neutral)
Average VWAPs: +49/-209 (very bearish)

Uranium (URA) explodes above resistance; Regional banks (KRE) attempt a new high; Solar (TAN) dims; Brazil (BRF, EWZ), Bonds, Utes (XLU) continue to tumble
June 6, 2018

1:00 pm ET: Intraday support/resistance:
SPX 2748.5/2762.5
DTX 1070/1080.6
DJIA 24855/24945
Nasdaq 7622/7663
RUT 1664.4/1671.2
VIX 11.85/12.55 (falling VIX is bullish)
Trin range: 0.8 - 1.0 (bullish to neutral)
Average VWAPs: +107/-71 (bulls with the edge)

Popping: Retail (XRT, RTH), Uranium (URA), FANG/Dropping: Utes (XLU), REITS, Mexico (EWW, MXF)
June 5, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2739.5/2757.5
DTX 1066.4/1083.6
DJIA 24710/24870
Nasdaq 7600/7644
RUT 1652.8/1661.7
VIX 12.15/13.35 (falling VIX is bullish)
Trin range: 0.9 - 1.15 (neutral)
Average VWAPs: +98/-77 (bull/bear battle; rotation out of REITs and into retail (URBN, BURL, M, KSS))

FANG stocks again hitting record highs (NFLX, AAPL, AMZN, MSFT, TWTR) pushing Tech (XLK) to its own record high; Cocoa (NIB), Solar (TAN), Egypt (EGPT) fail support
June 4, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2738.9/2749.1
DTX 1081.6/1097.4
DJIA 24725/24875
Nasdaq 7561/7604
RUT 1640.3/1655.7
VIX 12.9/13.6 (falling VIX is bullish)
Trin range: 0.9 - 1.1 (neutral)
Average VWAPs: +108/-83 (bull/bear battle)

FANG stocks hit record highs (NFLX, FB, AMZN, MSFT) helping the Nasdaq to break out; Oil (USO) slumps below support; Bonds, Utes (XLU) tank
June 1, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2718.7/2741.3
DTX 1080.5/1094.5
DJIA 24545/24675
Nasdaq 7487/7580
RUT 1635.4/1652.6
VIX 13.05/14.05 (falling VIX is bullish)
Trin range: 0.8 - 1.1 (falling Trin is bullish)
Average VWAPs: +104/-82 (bulls with the edge; rotation out of oil & gas and into medical devices and internet)

Bears put the kibosh on yesterday's rally; Cocoa (NIB) slips below support; Mister Softee (MSFT) moves to another all-time high
May 31, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2703.5/2722.5
DTX 1074.4/1093.6
DJIA 24330/24620
Nasdaq 7436/7492
RUT 1634.9/1649.7
VIX 14.75/16.25 (rising VIX is bearish; VIX back over 15 means bears are trying to retake control)
Trin range: 0.95 - 1.3 (rising Trin is bearish)
Average VWAPs: +43/-158 (bearish)

Russell 2000 (RUT), Medical Devices (IHI), Internet (FDN) rally to record highs; REITs (MORT, IYR, VNQ) continue to move up; VIX drops back into bullish territory
May 30, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2702.4/2732.6
DTX 1077.5/1095.7
DJIA 24460/24700
Nasdaq 7423.5/7490.5
RUT 1624/1656
VIX 14.25/16.05 (falling VIX is bullish; VIX dropping back under 15 means bulls are re-taking the reins)
Trin range: 0.75 - 1.1 (bullish)
Average VWAPs: +132/-63 (bullish, but bears are still hanging around)

VIX jumps back into bearish territory; Euro funds, Euro (FXE) drop/US$ (UUP), US bonds pop; Wind energy (FAN) in free fall; Mexico (MXF, EWW) continues to sink to new yearly lows; S&P, Industrials break near-term support
May 29, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2674.5/2710.5
DTX 1067.5/1087.5
DJIA 24275/24635
Nasdaq 7345/7435
RUT 1611.3/1628.5
VIX 14.6/17.9 (rising VIX is bearish; VIX over 15 means bears are taking control)
Trin range: 0.95 - 1.3 (bearish)
Average VWAPs: +56/-147 (bearish)

Cocoa (NIB), Oil (USO), Wind energy (FAN) tumble; European funds plummet beneath support (EWP, EWO, EWI); India (EPI, IFN), Indonesia (IDX), Bonds strengthen
May 25, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2712.6/2727.4
DTX 1082.6/1095.4
DJIA 24695/24825
Nasdaq 7407/7453
RUT 1623.3/1628.7
VIX 12.85/13.35 (bullish)
Trin range: 1.2 - 1.7 (bearish)
Average VWAPs: +63/-82 (bull/bear battle)

Medical devices (IHI), Netflix (NFLX) hit record highs; Latin America (ILF) plummets; Market bounces back after N. Korean talks fall apart
May 24, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2707.4/2736.4
DTX 1072.7/1091.3
DJIA 24605/24900
Nasdaq 7357/7443
RUT 1616.6/1631.4
VIX 12.15/14.25 (falling VIX is bullish)
Trin range: 0.8 - 1.15 (neutral)
Average VWAPs: +107/-51 (bulls taking the lead)

Greenback (UUP) breaks out while Euro (FXE), Pound (FXB) break down; India (IFN), Frontier Markets (FM), Europe funds continue to sink; Luxury retailers Tiffany, Ralph Lauren (TIF, RL) pop on positive earnings
May 23, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2709.5/2721.5
DTX 1061.7/1070.3
DJIA 24630/24800
Nasdaq 7335/7390
RUT 1618.6/1629.4
VIX 13/14.5 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.85 - 1.35 (rising Trin is bearish)
Average VWAPs: +83/-76 (bull/bear battle)

Oil Services (PXJ, OIH) rally above resistance: Regional banks (KRE) hits record high; Turkey (TUR) continues to leg down
May 22, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2728.6/2742.2
DTX 1077.8/1091.2
DJIA 24885/25065
Nasdaq 7377/7438
RUT 1633.9/1639.9
VIX 12.7/13.2 (VIX under 15 is bullish overall)
Trin range: 0.65 - 0.85 (falling Trin is bullish (!))
Average VWAPs: +64/-105 (moderately bearish)

Transports, Industrials push above resistance; Russell 2000, Norway (NORW), Medical Devices (IHI) hit record highs; Gaming (BJK) rallies to new yearly high
May 21, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2725.7/2740.3
DTX 1077.4/1092.6
DJIA 24885/25115
Nasdaq 7368/7432
RUT 1627.8/1642.2
VIX 12.7/13.6 (VIX under 15 is bullish overall)
Trin range: 0.8 - 1.0 (falling Trin is bullish)
Average VWAPs: +73/-96 (bull/bear battle)

Mexico funds (EWW, MXF), Indonesia (IDX) sink to new yearly lows; India (PIN), S. Africa (EZA), Latin America (ILF), Brazil (EWZ, BRF) break support
May 18, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2709.2/2720.8
DTX 1066.8/1076
DJIA 24665/24785
Nasdaq 7344/7391
RUT 1624.2/1632.8
VIX 13.15/13.85 (VIX under 15 is bullish overall)
Trin range: 1.2 - 1.55 (bearish; Trin over 1.5 is a contrarian signal)
Average VWAPs: +73/-76 (bull/bear battle)

Steel (SLX) retests previous high; Oil & Gas producers (XOP), Heating Oil/Diesel (UHN) climb to new highs; Shipping (SEA), Yen (FXY), Frontier Markets (FM) fall below support levels; Brazil real (BZF) sinks to new low; Bonds, REITs, Utes continue to slide on rising interest rates
May 17, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2712/2732
DTX 1069.2/1082.2
DJIA 24440/24840
Nasdaq 7345/7425
RUT 1615.5/1629.3
VIX 12.65/14 (VIX under 15 is bullish overall)
Trin range: 0.9 - 1.35 (rising Trin is bearish)
Average VWAPs: +47/-131 (bearish)

***The Stock Market Cook Book is on hiatus today.***
May 16, 2018

Bonds, REITs, Water (PIO, FIW, PHO) tank; Gold (IAU, GLD) breaks support; N. Zealand dollar ($NZD), USD (UUP) break out/Yen (FXY), Euro (FXE) break down; Frontier markets (FM), Belgium (EWK), Mexico (EWW) violate major support levels
May 15, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2699/2718.6
DTX 1055.9/1064.1
DJIA 24540/24810
Nasdaq 7317/7343
RUT 1592.1/1604.5
VIX 13.8/14.8 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.85 - 1.05 (rising Trin is bearish)
Average VWAPs: +87/-78 (bull/bear battle)

Real estate (IYR, VNQ) tanks; Mr. Softee (MSFT) hits another all-time high; Malaysia (EWM) bounces back
May 14, 2018

12:50 pm ET: Intraday support/resistance:
SPX 2730/2742
DTX 1065.2/1078.2
DJIA 24880/25010
Nasdaq 7422/7458
RUT 1602.8/1614.2
VIX 12.8/13.3 (bullish)
Trin range: 0.6 - 0.75 (bullish)
Average VWAPs: +60/-118 (mildly bearish)

Bulls losing their grip as selling pressure rises going into the weekend; UK fund (EWU) breaks out
May 11, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2719.1/2732.9
DTX 1060.1/1075.1
DJIA 24710/24870
Nasdaq 7372/7418
RUT 1601.4/1609.4
VIX 13.0/13.4 (bullish)
Trin range: 1.25 - 1.55 (bearish)
Average VWAPs: +54/-108 (mildly bearish)

Bulls push S&P (SPX), Russell 2000 (RUT), Nasdaq back above resistance; Tech names notch record highs (AAPL, MSFT, FDN, SKYY, HACK); Canada (EWC), Steel (SLX), Real estate (IYR, VNQ, DRN) break out; Solar (TAN) flares on California mandate
May 10, 2018

1:10 pm ET: Intraday support/resistance:
SPX 2705/2727.8
DTX 1051.5/1064.5
DJIA 24580/24810
Nasdaq 7355/7415
RUT 1596.5/1610.5
VIX 12.8/13.6 (falling VIX is bullish; VIX below 15 means bulls are back in control)
Trin range: 0.8 - 1.0 (bullish)
Average VWAPs: +150/-45 (bullish)

Bulls take control as volatility deflates; Oil (USO), Oil producers (XOP), Diesel (UHN) hit new yearly highs; Brazil real (BZF), Mexico funds (EWW, MXF) break down; Swissie (FXF) falls to new low; Malaysia fund (EWM) tanks on results of presidential election
May 9, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2674.1/2703.1
DTX 1042.2/1055.2
DJIA 24325/24605
Nasdaq 7259/7353
RUT 1584.2/1601.8
VIX 13.5/14.65 (falling VIX is bullish; VIX moving below 15 means bulls are back in control)
Trin range: 0.7 - 0.85 (bullish)
Average VWAPs: +178/-53 (very bullish)

Cybersecurity (HACK) hits record high; Aussie $ (FXA), Brazil real (BZF) break violate major support levels; Indonesia (IDX) slides to new yearly low
May 8, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2659.7/2676.3
DTX 1036.3/1053.7
DJIA 24210/24410
Nasdaq 7226/7279
RUT 1577.5/1584.5
VIX 14.65/15.45 (bull/bear indecision)
Trin range: 0.9 - 1.15 (neutral to mildly bearish)
Average VWAPs: +83/-99 (bull/bear battle)

Oil explorers/producers (XOP) breaks out to a new yearly high; Oil services (XES, OIH), Shipping (SEA) top resistance; Poland (EPOL) violates support
May 7, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2669.4/2684.4
DTX 1035.2/1044.8
DJIA 24320/24540
Nasdaq 7236/7312
RUT 1565.7/1592.1
VIX 14.4/15.5 (falling VIX is bullish and VIX under 15 means the bulls are gaining control)
Trin range: 0.7 - 1.0 (bullish)
Average VWAPs: +115/-64 (moderately bullish)

Bulls fight back as volatility deflates; Oil (USO), Apple (AAPL) notch record highs; REITS (VNQ, DRN, MORT, IYR) break out; Pandora (P) pops on unexpectedly good earnings; Turkey (TUR) continues to tank
May 4, 2018

2:55 pm ET: Intraday support/resistance:
SPX 2615.3/2668.1
DTX 1017.2/1039.8
DJIA 23780/24370
Nasdaq 7058/7222
RUT 1540.4/1573.2
VIX 14.85/16.9 (falling VIX is bullish)
Trin range: 0.7 - 1.0 (falling Trin is bullish)
Average VWAPs: +210/-45 (very bullish)

Argentina (ARGT), Mexico (MXF) sink below support; Mid-day market reversal erases most of the early morning losses; Volatility heats up
May 3, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2594.6/2645.4
DTX 1008.1/1031.9
DJIA 23530/23970
Nasdaq 6991.4/7103.2
RUT 1532.3/1555.7
VIX 15.85/18.65 (rising VIX is bearish)
Trin range: 0.85 - 1.3 (neutral)
Average VWAPs: +221/-68 (very bullish to contrarian; selling in biotech and pharma)

Fed leaves rates unchanged giving the market a boost; Consumer Staples (XLP) breaches major support to hit two year low; Wind Energy (FAN) moves to record high
May 2, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2642.9/2661.1
DTX 1028.9/1045.1
DJIA 23990/24210
Nasdaq 7108/7172
RUT 1549/1567
VIX 14.7/15.6 (VIX falling below 15 means bulls are gaining control)
Trin range: 0.95 - 1.45 (bearish/contrarian (!))
Average VWAPs: +148/-70 (bullish but bears are in the background)

USD (UUP), N. Zealand $ ($NZD) break resistance as Aussie $ (FXA), Euro (FXE), Brit Pound (FXB) violate support; Consumer Staples (XLP), Bonds (LQD, DSJ, EMB) slide to new yearly lows; Indonesia (IDX) plummets
May 1, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2619.7/2644.5
DTX 1028.3/1043.7
DJIA 23680/24120
Nasdaq 7032/7076
RUT 1527.6/1541.8
VIX 15.95/16.85 (VIX above 15 is bearish)
Trin range: 0.85 - 1.15 (neutral)
Average VWAPs: +74/-124 (bearish)

Bears back in action as Russell 2000 clings to support
April 30, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2656.3/2682.9
DTX 1044.3/1061.7
DJIA 24220/24500
Nasdaq 7058/7170
RUT 1549.7/1563.7
VIX 15.1/16.45 (VIX above 15 is bearish)
Trin range: 0.9 - 1.3 (rising Trin is bearish)
Average VWAPs: +39/-172 (bearish)

Wind energy (FAN) breezes to a 4 year high; Amazon (AMZN), Microsoft (MSFT) hit intraday record highs; REITs (VNQ, IYR) jump
April 27, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2659/2678
DTX 1040.1/1054.7
DJIA 24195/24385
Nasdaq 7074/7196
RUT 1549/1563
VIX 15.45/16.75 (falling VIX is bullish but VIX above 15 is overall bearish)
Trin range: 0.8 - 1.2 (neutral)
Average VWAPs: +93/-113 (bull/bear battle)

Oil explorers & servicers (XOP, OIH) break out; Euro (FXE) fails support; Facebook (FB) jumps 9% on blowout earnings
April 26, 2018

12:40 pm ET: Intraday support/resistance:
SPX 2647.5/2667.5
DTX 1030/1053.6
DJIA 24125/24375
Nasdaq 7006/7138
RUT 1550.3/1559.7
VIX 16.45/17.8 (falling VIX is bullish but VIX above 15 is overall bearish)
Trin range: 1.0 - 1.25 (rising Trin is bearish)
Average VWAPs: +149/-83 (bullish but bears are still in the thick of things)

Winner, winner chicken dinner! Long N. Zealand $ ($NZD)/Short Swiss franc (FXF); Greenback breaks out (UUP); Cocoa (NIB) continues in rally mode; Bonds slip-sliding away
April 25, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2612.7/2641.3
DTX 1037/1053
DJIA 23825/24095
Nasdaq 6927/7053
RUT 1540/1555
VIX 18.15/19.85 (bearish)
Trin range: 0.75 - 0.95 (bullish to neutral)
Average VWAPs: +105/-72 (bulls by a nose, but that could change any minute)

Volatility spikes on major market sell-off led by Homebuilders (XHB), Consumer Staples & Discretionary (XLP, XLY), IT (VGT), Biotech (XBI, IBB), Tech (FDN, PNQI); Cocoa (NIB) hits another new high; Bonds slide to new lows on rising interest rates
April 24, 2018

Trade Idea: Bear call credit spreads
Seasoned options traders may want to take advantage of the spike in volatility by writing call credit spreads on stocks that are displaying downward momentum. Another strategy may be to write a covered put on a stock that you are short (and don't mind if you lose your position).

2:05 pm ET: Intraday support/resistance:
SPX 2623.9/2683.5
DTX 1033.6/1068.4
DJIA 24880/24580
Nasdaq 6983/7171
RUT 1550.3/1574.5
VIX 15.55/19.15 (rising VIX is very bearish)
Trin range: 0.7 - 1.0 (neutral Trin means that there's a lot more room for the market to move down)
Average VWAPs: +26/-493 (ridiculously bearish/contrarian)

Greenback (UUP) breaks out/Loonie (FXC), Aussie $ (FXA), Yen (FXY) break down; Precious metals tank; Bonds slide to new yearly lows; Apple (AAPL) testing major support
April 23, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2667/2683
DTX 1056.5/1068.5
DJIA 24385/24535
Nasdaq 7118/7196
RUT 1558.9/1571.5
VIX 15.65/17.3 (bearish)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +59/-124 (moderately bearish)

Shipping (SEA) pops/Consumer Staples (XLP), Gold (GLD) drop
April 20, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2663.1/2693.9
DTX 1054.4/1069.6
DJIA 24385/24675
Nasdaq 7132/7222
RUT 1561.8/1574.2
VIX 15.45/17.55 (bearish)
Trin range: 0.65 - 1.0 (neutral)
Average VWAPs: +65/-91 (bull/bear tug of war)

Retail (XRT), Real estate (IYR), Consumer staples (XLP), Materials (XLB), Homebuilders (XHB), Semis (SOXX, SMH), Mexico (MXF, EWW), Vietnam (VNM) sink sharply; Swissie (FXF) breaks another support level; Intermediate bonds drop to new yearly lows
April 19, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2677.2/2702.8
DTX 1058.3/1075.7
DJIA 24540/24760
Nasdaq 7213/7277
RUT 1569/1583
VIX 15.6/17.05 (bearish)
Trin range: 0.8 - 1.0 (rising Trin is bearish)
Average VWAPs: +53/-116 (moderately bearish; buying in banks, financials; selling in retail (XRT), builders (XHB), Biotech (XBI, IBB), semis (SOXX, SMH))

Timber (CUT), Aero & Defense (PPA), Cybersecurity (HACK) reach record highs; Cocoa (NIB), Base metals (DBB), Oil (USO), Norway (NORW), Peru (EPU) notch new yearly highs; Russia (RSX), Turkey (TUR) take off
April 18, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2703.6/2718.4
DTX 1065.9/1088.1
DJIA 24720/24840
Nasdaq 7260/7326
RUT 1580.2/1593.8
VIX 15.6/17 (rising VIX is bearish; a VIX close back above 15 means bears are retaking control)
Trin range: 0.6 - 0.9 (bullish)
Average VWAPs: +102/-67 (moderately bullish but bears are grousing)

Cybersecurity (HACK), Saudi Arabia (KSA), Netflix (NFLX) pop to record highs; Strong buying in FANG, Biotech; Swissie (FXF) drops beneath support; Volatility slides below 15 indicating bulls may be back in business
April 17, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2692/2712.4
DTX 1053.4/1068
DJIA 24680/24920
Nasdaq 7206.5/7303.5
RUT 1564.9/1585.1
VIX 14.75/15.95 (falling VIX is bullish; a VIX close below 15 means bulls are retaking control)
Trin range: 0.75 - 1.1 (falling Trin is bullish)
Average VWAPs: +92/-82 (bull/bear battle; buying into FANG, biotech; selling in air freight (AAWW, CHRW), regional banks (KRE, IAT))

Cocoa (NIB), Brit Pound (FXB) rise to new yearly highs; Palladium (PALL), Consumer Staples (XLP) jump; Volatility continues to drop
April 16, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2665.1/2687.7
DTX 1046.5/1070.4
DJIA 24480/24720
Nasdaq 7116/7187
RUT 1550.5/1563.5
VIX 16.2/17.15 (falling VIX is bullish but VIX above 15 means bears are still running the show)
Trin range: 1.0 - 1.6 (bearish/contrarian)
Average VWAPs: +132/-40 (bullish)

Energy explorers/producers (XOP) breaks out; Volatility continues to deflate
April 13, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2650/2680
DTX 1033.3/1046.7
DJIA 24335/24645
Nasdaq 7080/7184
RUT 1545.5/1563.5
VIX 17.1/18.4 (falling VIX is bullish but VIX above 15 means it's still in bear country)
Trin range: 0.9 - 1.1 (neutral)
Average VWAPs: +73/-65 (neutral; buying in oil & gas explorers/producers, selling in cruise lines, hotels, sporting goods stores)

Real Estate (IYR, VNQ), Homebuilders (XHB), Utilities (XLU) sell off; Regional banks (KRE), Aero & Defense (PPA) rise; Volatility shrinks
April 12, 2018

12:10 pm ET: Intraday support/resistance:
SPX 2653.8/2680
DTX 1022.1/1041.9
DJIA 24300/24550
Nasdaq 7105/7170
RUT 1548/1562
VIX 18.25/19.35 (falling VIX is bullish; VIX staying under 20 means that the bears may be losing control)
Trin range: 0.9 - 1.1 (neutral)
Average VWAPs: +66/-65 (neutral; sector rotation on fairly light volume)

Oil (OIL, USO) stages bullish break-out; Malaysia moves above major resistance; Facebook (FB) pushes above resistance as Zuckerberg faces day two of Congressional grilling
April 11, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2640.6/2661.4
DTX 1015/1026.2
DJIA 24180/24380
Nasdaq 7085/7129
RUT 1535.8/1551.4
VIX 19.65/20.75 (falling VIX is bullish but VIX over 20 is overall bearish)
Trin range: 0.65 - 0.95 (falling Trin is bullish)
Average VWAPs: +98/-54 (moderately bullish)

Oil (OIL, USO), aluminum (JJU), copper (JJC) jump; Sugar (SGG) retests previous all time low; Loonie (FXC) leaps above resistance while the New Zealand dollar ($NZD) and the Brazil real (BZF) fall beneath support; Israel (EIS) stages impressive rebound
April 10, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2634.5/2662.5
DTX 1016.3/1029.1
DJIA 24190/24510
Nasdaq 7015/7085
RUT 1517/1548
VIX 20.5/21.7 (bearish)
Trin range: 0.8 - 1.1 (slightly bullish to neutral)
Average VWAPs: +106/-70 (bull/bear seesaw; selling in aero & defense, airlines, hotels & cruise lines (CCL, RCL), airlines (UAL, AAL); buying in biotech (XBI, IBB, BBH, FBT), Pharma (PJP), Healthcare (XLV))

Bears party hardy going into the weekend; Dow Transports testing major support; Oil (OIL, USO) reverses back into the red beginning the next leg down
April 6, 2018

3:10 pm ET: Intraday support/resistance:
SPX 2583.1/2656.9
DTX 999.7/1040.3
DJIA 23665/24435
Nasdaq 6833/7067
RUT 1501/1541
VIX 19.2/23.4 (bearish)
Trin range: 0.85 - 1.1 (neutral (!))
Average VWAPs: +27/-257 (very bearish)

Platinum/palladium (PALL SPPP, PPLT) falls below support; Tesla (TSLA) stages strong rebound; Saudi Arabia (KSA) continues in rally mode
April 5, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2642/2672
DTX 1033/1045
DJIA 24315/24615
Nasdaq 7007.6/7112.4
RUT 1528.5/1545.3
VIX 18.95/20.45 (falling VIX is bullish but VIX is still firmly planted in the bear camp)
Trin range: 0.6 - 0.9 (bullish)
Average VWAPs: +76/-124 (moderately bearish)

Despite today's broad rally, many support breaches: Lithium (LIT), Oil (OIL, USO), Social Media (SOCL), Gaming (BJK), Sweden (EWD), Twitter (TWTR)
April 4, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2573.6/2631.4
DTX 1018.5/1035.5
DJIA 23850/24160
Nasdaq 6812/7012
RUT 1491.7/1528.3
VIX 20.8/22.4 (bearish)
Trin range: 0.9 - 1.4 (bearish)
Average VWAPs: +289/-28 (extremely bullish/contrarian)

Livestock (COW) sinks to new yearly low; Vietnam (VNM) pops to new yearly high; Market takes a rest but bears are still in active control
April 3, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2573/2607
DTX 1021.2/1036.8
DJIA 23640/23910
Nasdaq 6833/6947
RUT 1492.1/1508.9
VIX 21.1/23.4 (bearish)
Trin range: 0.9 - 1.5 (bearish)
Average VWAPs: +60/-112 (bearish)

Broad sector sell-off led by tech, financials; Coffee (JO) slumps to another record low; Poland (EPOL), Greece (GREK) break support while Israel (EIS) continues in free fall; Gold (GLD), Silver (SLV) pop
April 2, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2550.8/2638.2
DTX 1002/1042.8
DJIA 23280/24120
Nasdaq 6795.6/7044.4
RUT 1490.8/1529.2
VIX 20.45/25.35 (bearish)
Trin range: 1.0 - 1.3 (bearish)
Average VWAPs: +22/-333 (extremely bearish/contrarian)

Market rallies on rebound in tech: Palladium (PALL) breaks support; Egypt (EGPT) pops to new yearly high
March 29, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2609.9/2642.5
DTX 1022.4/1049.5
DJIA 23930/24250
Nasdaq 6935.1/7091.1
RUT 1513.3/1535.7
VIX 22/25 (bearish)
Trin range: 1.15 - 1.5 (bearish/contrarian)
Average VWAPs: +204/-47 (extremely bullish/contrarian (!!))

REITs jump; Miners (XME), Steel (SLX), Lithium (LIT), Coal (KOL) break down; Uranium (URA), Sugar (SGG) retest previous lows; REITs jump; Tesla (TSLA) tanks
March 28, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2590.4/2632.6
DTX 1009.4/1029
DJIA 23670/24090
Nasdaq 6901/7036
RUT 1505.7/1521.3
VIX 22/25 (bearish)
Trin range: 0.9 - 1.66 (bearish)
Average VWAPs: +113/-74 (rotation out of aero & defense, materials, IT, semis and into banks, insurance, biotech, REITs, pharma)

Interest rate sensitive issues (bonds, REITs, utes) rise; Carbon (GRN) in strong rally mode on expanding volume; Twitter (TWTR), Tesla (TSLA), Facebook (FB) plunge below support
March 27, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2645.2/2674.8
DTX 1030.9/1044.5
DJIA 24135/24445
Nasdaq 7125/7255
RUT 1530.1/1547.7
VIX 20.05/21.95 (falling VIX is bullish but VIX over 20 is bearish)
Trin range: 0.8 - 1.4 (rising Trin is bearish)
Average VWAPs: +94/-262 (extremely bearish)

Pops: Saudi Arabia (KSA); Drops: Israel (EIS), New Zealand dollar ($NZD), US dollar (UUP); Facebook (FB), Tesla (TSLA) break support levels
March 26, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2600.7/2639.3
DTX 1016.5/1033.5
DJIA 23705/24045
Nasdaq 7022.3/7157.7
RUT 1512/1532
VIX 21.6/24.65 (very bearish)
Trin range: 0.75 - 1.05 (bullish to neutral)
Average VWAPs: +84/-63 (bulls losing steam from opening rally)

Cocoa (NIB), Yen (FXY) jump to new yearly highs; Gold (GLD), Gold MIners (GDX) jump; Materials (XHB), Tech (XLK), Indonesia (IF) break support; Tesla (TSLA) retesting major support
March 23, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2622.3/2657.7
DTX 1029.9/1043.3
DJIA 23835/24105
Nasdaq 7066/7194
RUT 1524.5/1548.7
VIX 21.65/24.85 (very bearish)
Trin range: 0.65 - 1.05 (bullish to neutral)
Average VWAPs: +109/-58 (moderately bullish)

Oil (USO, OIL), Loonie (FXC) jump; Consumer staples (XLP) falls to new yearly low; Carbon credit etn (GRN) rallies to new yearly high; Fed decision boosts the market as volatility deflates
March 21, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2712.4/2740.2
DTX 1065.3/1082.7
DJIA 24655/24995
Nasdaq 7345/7415
RUT 1570.4/1589.6
VIX 16.2/18.2 (falling VIX is bullish but VIX still over 15 is overall bearish)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +144/-50 (very bullish)

Pops: Oil (USO, OIL); Drops: Base metals (DBB), Aussie dollar (FXA), Consumer staples (XLP), Pharma (PJP), Telecom (VOX), Bonds, Twitter (TWTR), Facebook (FB)
March 20, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2706/2725
DTX 1064.9/1072.3
DJIA 24650/24800
Nasdaq 7320/7380
RUT 1566.3/1575.8
VIX 18.4/19.35 (bearish)
Trin range: 0.9 - 1.1 (bullish (!); lower Trin gives bears room to run)
Average VWAPs: +98/-71 (sector rotation out fo biotech, pharma, steel and into software, internet services)

Jump in volatility sparks broad market sell-off; Facebook (FB) leads sell-off in tech; Greece (GREK), India (IFN, INDY, PIN) break down; Ag commodities getting shucked (CORN, WEAT, COW, JJG, MOO); Uranium (URA), Coal (KOL) violate support
March 19, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2693.6/2741.4
DTX 1052.8/1069.2
DJIA 24420/24895
Nasdaq 7280/7420
RUT 1549.2/1585.8
VIX 17/22.35 (bearish)
Trin range: 0.7 - 1.1 (bullish (!); lower Trin gives bears room to run)
Average VWAPs: +54/-150 (bearish)

Wheat (WEAT), Corn (CORN), Grains (JJG), Aussie dollar (FXA) fall below support; Bonds continue to slide; Major averages treading water ahead of the weekend
March 16, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2745.7/2761.9
DTX 1059.9/1073.9
DJIA 24855/25075
Nasdaq 7468/7514
RUT 1575/1589
VIX 15.25/15.95 (falling VIX is bullish but VIX over 15 means bears are directing the show)
Trin range: 0.65 - 0.95 (bullish)
Average VWAPs: +92/-94 (bull/bear battle)

Russell, S&P testing support; Wheat (WEAT), Loonie (FXC), Indonesia (IDX), Brazil (EWZ) violate support; Oil services (XES, OIH, PXJ), Biotech (BBH, XBI, FBT, IBB), Retail (XRT), Consumer Staples (XLP), Materials (XLB), Pharma (PJP) selling off hard
March 15, 2018

3:15 pm ET: Intraday support/resistance:
SPX 2741/2763
DTX 1054.9/1064.9
DJIA 24755/25055
Nasdaq 7465/7525
RUT 1570/1588
VIX 15.95/17.45 (VIX over 15 means bears are back in the saddle)
Trin range: 1.0 - 1.55 (bearish)
Average VWAPs: +54/-114 (moderately bearish)

Market continues to slide led by selling in materials, banks, financials, healthcare, pharma; Signet Jewelers (SIG) sinks to six year low announcing the closure of 200 stores
March 14, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2736.9/2777.1
DTX 1060/1080
DJIA 24530/25130
Nasdaq 7466/7544
RUT 1578.7/1598.3
VIX 16.1/17.9 (rising VIX is bearish; VIX over 15 means bears are back in the saddle)
Trin range: 0.9 - 1.25 (neutral to bearish)
Average VWAPs: +110/-76 (rotation out of materials, financials, healthcare, pharma and into internet and software)

White House shake-up spooks the market; New Zealand (ENZL) hits record high; Sugar (SGG) retests record low; FANG stocks slump
March 13, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2767.1/2801.9
DTX 1073.7/1086.3
DJIA 25035/25375
Nasdaq 7518/7637.3
RUT 1592/1609
VIX 15.4/16.55 (VIX over 15 means bears are back in the saddle)
Trin range: 0.95 - 1.6 (very bearish to contrarian)
Average VWAPs: +59/-134 (bearish)

Tech continues to move to record highs (XLK, SOXX, SMH, VGT, AAPL, AMZN, MSFT) pushing the Nasdaq to a record high; Volatility (VIX) turns back up as bears try to muscle back in; Selling seen in aero & defense contractors
March 12, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2776.8/2797
DTX 1067.7/1075.7
DJIA 25110/25450
Nasdaq 7551.4/7608.6
RUT 1594.1/1603.9
VIX 15.2/16.6 (rising VIX is bearish; VIX rising above 15 means that bears aren't giving up so easily)
Trin range: 0.75 - 1.1 (bullish to neutral)
Average VWAPs: +76/-117 (bull/bear battle with bears starting to take the upper hand)

Water (FIW, PHO, PIO) surges while Grains (WEAT, JJC), Soybeans (SOYB), Cocoa (NIB) fumble; Banks (KBE, KRE), Tech (XLK, SOXX, SMH, FDN, SKYY) move to new highs; Volatility (VIX) dives
March 9, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2751.5/2785.5
DTX 1051.1/1074.9
DJIA 25005/25320
Nasdaq 7469/7561
RUT 1573.2/1596.8
VIX 14.6/16.0 (falling VIX is bullish; VIX falling under 15 means that bulls are re-taking control)
Trin range: 1.0 - 1.25 (neutral to bearish)
Average VWAPs: +142/-67 (bullish)

Corn (CORN) rallies above resistance; Swissie (FXF) violates near-term support; Bearish topping tail in Booking (BKNG) points to buying exhaustion
March 8, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2720.7/2737.3
DTX 1034.4/1049.6
DJIA 24680/24950
Nasdaq 7390.5/7435
RUT 1562.9/1580.5
VIX 16.6/17.7 (falling VIX is bullish but VIX over 15 means bears are still in the driver's seat)
Trin range: 1.1 - 1.35 (bearish)
Average VWAPs: +55/-122 (bearish)

Tech continues to attract buyers; Global stocks sell-off with some India etfs (EPI, PIN) falling below support levels
March 7, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2701/2724
DTX 1033.1/1044.5
DJIA 24535/24815
Nasdaq 7307.5/7382.5
RUT 1551.5/1574.5
VIX 18.2/20.0 (rising VIX is bearish)
Trin range: 1.05 - 1.45 (bearish)
Average VWAPs: +144/-60 (bulls stepping in after morning sell-off; rotation out of consumer staples (XLP), discretionary (XLY), and retail (XRT), and into tech (FDN))

Record highs: Semis (SMH, SOXX), Regional banks (KRE), Internet/tech (FDN, PNQI, SKYY); Global stocks, precious metals rebound
March 6, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2708/2732
DTX 1028.9/1045.1
DJIA 24670/24990
Nasdaq 7317.5/7377.5
RUT 1538.6/1557.6
VIX 18.05/19.75 (very bearish)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +126/-66 (bullish, but bears are still in the picture)

Yen (FXY) jumps over major resistance to stake a new yearly high; Cocoa (NIB) stages strong breakout; Homebuilders (XHB, NAIL) coming unhinged
March 2, 2018

2:05pm ET: Intraday support/resistance:
SPX 2647.3/2691.7
DTX 1014.7/1034.7
DJIA 24200/24580
Nasdaq 7087/7253
RUT 1494/1533.2
VIX 20.25/26.25 (very bearish)
Trin range: 0.8 - 1.35 (neutral to bearish)
Average VWAPs: +241/-48 (extremely bullish to contrarian (!!!))

Broad sector sell-off pushes major averages below support levels; Biotech, Pharma, Tech, Homebuilders, Water, Precious Metals, Solar lead the sector sell-off; Wheat (WEAT), Cocoa (NIB) lead the rally in softs
March 1, 2018

2:20pm ET: Intraday support/resistance:
SPX 2659.1/2730.9
DTX 1028.5/1053.5
DJIA 24455/25185
Nasdaq 7092/7308
RUT 1497.5/1522.5
VIX 19.55/25.45 (very bearish)
Trin range: 0.8 - 1.3 (rising Trin is bearish)
Average VWAPs: +33/-302 (extremely bearish/contrarian)

Wheat (WEAT), Grains (JJG) break out; Lithium (LIT) gains downward momentum; Shipping (SEA) sinks to one year low
February 28, 2018

2:25pm ET: Intraday support/resistance:
SPX 2738/2767
DTX 1045.2/1058.8
DJIA 25310/25575
Nasdaq 7316/7394
RUT 1528.7/1544.3
VIX 17.4/19.7 (VIX over 15 means bears are still in control)
Trin range: 0.75 - 1.05 (bullish to neutral)
Average VWAPs: +138/-64 (bulls in control but bears are still hanging around)

Stocks, bonds, commodities abruptly shift into reverse as volatility kicks back up; Banks (KRE, KBE), Financials (XLF) turn toppy
February 27, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2753.8/2778.8
DTX 1060.6/1076.6
DJIA 25400/25730
Nasdaq 7360/7413
RUT 1545/1559
VIX 15.45/16.95 (falling VIX is bullish; but VIX over 15 means bears are still in control)
Trin range: 0.85 - 1.05 (bullish to neutral; moderate Trin means that market has more room to rise (and fall, too))
Average VWAPs: +125/-65 (bulls in control but bears aren't going into hibernation just yet)

Bulls get a leg up as major averages pop above resistance; Most sectors in the green led by tech with Amazon (AMZN) & Netflix (NFLX) moving to record highs; Russia (RSX, RSXJ), Far East (FXI, THD, EWH, EWY) lead global stock rally
February 26, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2753.8/2778.8
DTX 1060.6/1076.6
DJIA 25400/25730
Nasdaq 7360/7413
RUT 1545/1559
VIX 15.45/16.95 (falling VIX is bullish; but VIX over 15 means bears are still in control)
Trin range: 0.85 - 1.05 (bullish to neutral; moderate Trin means that market has more room to rise (and fall, too))
Average VWAPs: +125/-65 (bulls in control but bears aren't going into hibernation just yet)

Interest rate sensitive issues (utes, bonds, REITs) rebound; Oil continues to rally
February 23, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2713.7/2731.5
DTX 1047.3/1055.1
DJIA 25025/25185
Nasdaq 7233/7293
RUT 1531.8/1541.1
VIX 16.95/18.75 (falling VIX is bullish; but VIX over 15 means bears are still in control)
Trin range: 0.85 - 1.15 (bullish to neutral)
Average VWAPs: +148/-49 (bullish)

Oil (OIL, USO) pops/Munis drop
February 22, 2018

12:45 pm ET: Intraday support/resistance:
SPX 2704.7/2731.3
DTX 1042.3/1054.8
DJIA 24855/25195
Nasdaq 7235/7281
RUT 1532.8/1552.8
VIX 17.85/19.85 (need VIX to stay under 20 before turning bullish)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +95/-80 (bulls and bears back to duking it out)

Social media funds (FDN, SOCL) and Regional Banks (KRE, IAT) inch up to record highs; Coffee (JO) losing its mojo as it sinks to a record low
February 21, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2717.8/2749.2
DTX 1032/1057
DJIA 24965/25250
Nasdaq 7254.5/7337.5
RUT 1530.5/1554.5
VIX 16.45/20.25 (tanking VIX is very bullish)
Trin range: 1.2 - 1.75 (bearish contrarian)
Average VWAPs: +178/-41 (bulls fight back)

Melting down: Metals (GLD, SLV, JJC), Foreign currencies (FXF, FXY, FXC, FXE); Egypt (EGPT) breaks out to new yearly high
February 20, 2018

2:35 pm ET: Intraday support/resistance:
SPX 2716/2737.6
DTX 1030.5/1047.5
DJIA 24980/25180
Nasdaq 7208/7296
RUT 1534.8/1546.4
VIX 19.45/21.35 (rising VIX is bearish)
Trin range: 0.6 - 0.9 (bullish)
Average VWAPs: +105/-98 (bull/bear battle)

Pharma (PPH), Healthcare (XLV) head above resistance; REITs, Junk Bonds gain momentum
February 16, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2726/2756.8
DTX 1047/1061
DJIA 25150/25435
Nasdaq 7236/7303
RUT 1532.2/1557.8
VIX 17.45/19.55 (bulls & bears battle for control)
Trin range: 0.95 - 1.45 (bearish)
Average VWAPs: +96/-105 (bull/bear battle)

Grains (JJG) enter rally mode; Nickel (JJN), Yen (FXY), Swissie (FXF) notch new highs; Tech sector (XLK), Bitcoin (GBTC), China (YINN, FXI), Africa (EZA, AFK) gain; Apple (AAPL) i-pops over major resistance
February 15, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2689.8/2724.2
DTX 1036.7/1053.7
DJIA 24810/25150
Nasdaq 7130/7250
RUT 1516.9/1533.1
VIX 18.2/20.8 (bulls & bears battle for control)
Trin range: 0.95 - 1.4 (rising Trin is bearish (!))
Average VWAPs: +185/-57 (very bullish but bears are starting to pick up steam)

Investors heart the market in broad sector rally; Precious metals, energy pop/USD (UUP) continues to drop; Yen (FXY) breaks out to new yearly high; Volatility (VIX) plummets
February 14, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2649/2697.9
DTX 1029.4/1048.6
DJIA 24490/24850
Nasdaq 6977/7135
RUT 1483.3/1525.3
VIX 17.75/22.25 (falling VIX is bullish; bears starting to lose steam as VIX falls under 20)
Trin range: 0.55 - 0.85 (very bullish to contrarian)
Average VWAPs: +277/-36 (extremely bullish to contrarian)

Market moves higher against high volatility; Yen (FXY) retests September high as USD (UUP) drops; Treasuries continue to sink while munis show signs of recovery
February 13, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2637.1/2670.3
DTX 1019.7/1040.9
DJIA 24430/24715
Nasdaq 6938/7032
RUT 1482/1496
VIX 24.2/27.8 (very bearish)
Trin range: 0.7 - 1.05 (bullish to neutral)
Average VWAPs: +207/-36 (very bullish to contrarian)

US and global markets rebound as volatility begins to deflate
February 12, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2622.5/2664.5
DTX 1011.9/1033.7
DJIA 24275/24645
Nasdaq 6880/7000
RUT 1466.9/1493.1
VIX 24.8/29.7 (falling VIX is short-term bullish but VIX is still very bearish overall)
Trin range: 0.55 - 0.85 (bullish)
Average VWAPs: +233/-34 (very bullish to contrarian)

Breaking down: China (FXI, YINN), Coal (KOL), Palladium (PALL); Bonds fall to new yearly lows; Twitter (TWTR) finally feeling investor love on glowing earnings & user growth
February 8, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2615/2685
DTX 1024/1056
DJIA 24200/24900
Nasdaq 6846/7074
RUT 1473/1511
VIX 25.1/36.05 (very bearish)
Trin range: 0.75 - 0.95 (falling Trin is bullish (!!!))
Average VWAPs: +51/-270 (extremely bearish/contrarian)

Oil (OIL, USO), Heating OIl (UHN) breach near-term support; Bonds turn back down; USD (UUP) moves above near-term resistance; Bears step-in mid-day to quash the opening rally
February 7, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2677.3/2727.7
DTX 1048.3/1066.7
DJIA 24765/25295
Nasdaq 7045.4/7170.3
RUT 1493.3/1516.8
VIX 21.2/28.8 (bearish)
Trin range: 0.85 - 1.35 (rising Trin is bearish)
Average VWAPs: +49/-197 (extremely bearish)

Spike in volatility (VIX) destroys inverse VIX etns (XIV, SVXY); REITs continue to drop while bonds show signs of stabilizing; Many sectors sink below support levels
February 6, 2018

2:35 pm ET: Intraday support/resistance:
SPX 2593/2687
DTX 1012.1/1062.9
DJIA 23780/24800
Nasdaq 6827/7099
RUT 1461.5/1514.5
VIX 19.7/50.3 (extremely bearish)
Trin range: 0.55 - 1.0
Average VWAPs: +118/-116 (bull/bear nuclear war; selling in REITs, healthcare, pharma, insurance; buying/short-covering in retail, tech)

Volatility (VIX) soars; Strong selling in Consumer staples (XLP), Healthcare (XLV), and Pharma (PJP); REITs, Bonds continue to plunge
February 5, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2716.6/2763.4
DTX 1055.6/1076.4
DJIA 25010/25265
Nasdaq 7142.6/7277.4
RUT 1523/1547
VIX 16.8/23.6 (very bearish)
Trin range: 0.65 - 0.9 (bullish (!!!))
Average VWAPs: +113/-43 (bullish (!!); major selling in consumer staples, pharm, healthcare)

Broad market sell-off marked by jump in volatility; Bonds slide to multi-year lows; REITs (VNQ, IYR) continue to sell-off; Apple (AAPL) falls below next level of support; Alphabet (GOOGL) drops; Wind Energy (FAN) breaks down
February 2, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2776/2809
DTX 1072.8/1089.2
DJIA 25610/26060
Nasdaq 7275/7365
RUT 1556/1577
VIX 14/15.75 (VIX rising over 15 means bears are taking control)
Trin range: 0.65 - 0.8 (bullish (!!!))
Average VWAPs: +77/-158 (very bearish; mass exodus out of utes and bonds)

Nickel (JJN) tops/Nat Gas (UNG) drops; Treasuries (TLT, VGLT, IEF, IEI, ITE) tumble on terrific 5% GDP estimate; Pop in both Facebook (FB) & Twitter (TWTR) push Social Media funds (FDN, SOCL) to record highs
February 1, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2814.4/2839
DTX 1086/1103
DJIA 26015/26385
Nasdaq 7347/7454
RUT 1568.8/1583.2
VIX 12.25/14.1 (falling VIX is bullish)
Trin range: 0.75 - 1.05 (moderately bullish to neutral)
Average VWAPs: +107/-106 (bull/bear battle reflecting sector rotation mainly out of utes and bonds)

Fed keeps rates steady; Miners (XME), Palladium (PALL) fail support; Healthcare (XLV), Pharma (PJP), Biotech (IBB) drop; Chinese Yuan (CYB) rallies to record high; Amazon (AMZN) continues to defy gravity
January 31, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2822.4/2839.2
DTX 1099/1112.8
DJIA 25155/26340
Nasdaq 7398/7454
RUT 1578.3/1594.3
VIX 13.45/14.35 (falling VIX is bullish)
Trin range: 0.8 - 1.0 (neutral)
Average VWAPs: +103/-105 (bull/bear battle reflecting sector rotation)

Broad market sell-off pushing volatility to highest level in 6 months; Transports trying to hold onto support--a break through that could be a sign that the bears are gaining the upper-hand
January 30, 2018

2:00 pm ET: Intraday support/resistance:
SPX 2817.2/2837.8
DTX 1095.1/1108.9
DJIA 25995/26255
Nasdaq 7374/7446
RUT 1579.4/1595.6
VIX 14.1/15.4 (rising VIX is bearish and VIX moving 15 could be a sign that the bears are about to move in)
Trin range: 0.9 - 1.15 (neutral)
Average VWAPs: +125/-74 (bull/bear battle)

Volatility jumps; REITs, muni bonds plummet; Coal (KOL) pops to a new high; Wind Energy (FAN) breaches first level of support; Global stocks fade
January 29, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2854.8/2870.6
DTX 1109.9/1121.1
DJIA 26455/26610
Nasdaq 7459.7/7507.3
RUT 1601/1609
VIX 11.95/13.45 (rising VIX is bearish but VIX under 15 is still bullish overall)
Trin range: 0.6 - 0.7 (bullish)
Average VWAPs: +92/-101 (bull/bear battle)

Australia (EWA, FXA) breaks out; Pharma (PJP), Healthcare (XLV), Biotech (IBB) break out to new highs; Global funds continue to rally; Apple (AAPL) retests major support; Twitter (TWTR) jumps 8%
January 26, 2018

1:10 pm ET: Intraday support/resistance:
SPX 2846.2/2861.8
DTX 1100.6/1107.4
DJIA 26425/26515
Nasdaq 7431.5/7462.5
RUT 1596/1608
VIX 11.0/11.6 (bullish)
Trin range: 0.6 - 0.8 (bullish)
Average VWAPs: +113/-62 (bullish)

Brazil (EWZ) soars for second day in a row; Aero & Defense (PPA), Health care (XLV) notch record highs; USD continues to sink as Euro currencies soar
January 25, 2018

12:50 pm ET: Intraday support/resistance:
SPX 2833.7/2848.6
DTX 1092/1115
DJIA 26260/26485
Nasdaq 7397.1/7458.5
RUT 1594.2/1607.8
VIX 11.4/11.9 (bullish)
Trin range: 0.75 - 0.95 (bullish)
Average VWAPs: +110/-77 (bull/bear seesaw on sector rotation)

Greenback (UUP) sinks to 3 year low as Brit pound (FXB) smashes overhead resistance; Nickel (JJN), Gold (GLD, IAU) break out; Latin America (ILF, MXF), Emerging Markets (VWO, EEM) lead today's global rally; Int'l Bonds (ISHG, WLP, IGOV, PID) soar while Munis slide
January 24, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2823/2853
DTX 1108.3/1125.7
DJIA 26110/26390
Nasdaq 7374/7486
RUT 1596/1617
VIX 11/12.2 (rising VIX is bearish but VIX below 15 is overall bullish)
Trin range: 0.65 - 0.95 (falling Trin is bullish)
Average VWAPs: +90/-102 (bull/bear battle; money coming out of semis (SOXX), machinery, IT and into life science tools (IHI))

Twitter (TWTR), Copper (JJC) break support; Hi-tech funds (SKYY, XT, SOCL, FDN, ROBO, BOTZ) & hi-tech stocks (AMZN, GOOGL, NFLX, MSFT) at record highs; China, Far East funds soar (FXI, IDX, INDY, VNM)
January 23, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2827.8/2842.2
DTX 1126.5/1135.5
DJIA 26145/26255
Nasdaq 7423.5/7466.5
RUT 1599.2/1608.8
VIX 10.65/11.25 (bullish)
Trin range: 0.8 - 1.0 (bullish to neutral)
Average VWAPs: +118/-60 (bullish but bears are gathering some steam)

Biotech etfs (XBI, FBT) pop to record highs on merger mania; US & Global markets chugging to more record highs; Brit pound's (FXB) and Wind Energy's (FAN) climbs continue
January 22, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2808.1/2827.3
DTX 1123.7/1134.3
DJIA 25985/26185
Nasdaq 7332.8/7407.2
RUT 1595.6/1602.6
VIX 10.6/11.6 (bullish)
Trin range: 0.7 - 0.85 (bullish)
Average VWAPs: +123/-50 (bullish)

China (FXI, HAO, YINN) soars; Water (PHO, PIO), Timber (CUT), Consumer Staples (XLP), Retail (RTH) rally to record highs
January 19, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2797.6/2806.4
DTX 1120.7/1128.1
DJIA 25940/26050
Nasdaq 7273.3/7329.9
RUT 1575.5/1594.7
VIX 11.2/12.2 (bullish)
Trin range: 1.0 - 1.4 (bearish)
Average VWAPs: +103/-63 (moderately bullish)

Lithium (LIT) testing major support; GE falls to multi-year low; Microsoft (MSFT), Apple (AAPL) hit record highs; Bonds, REITs, Utes continue to slide as interest rates rise
January 18, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2792.6/2804.6
DTX 1124/1133.4
DJIA 25950/26150
Nasdaq 7276.2/7310.2
RUT 1577.2/1586.8
VIX 11.7/12.4 (bullish)
Trin range: 0.55 - 0.8 (falling Trin is bullish but Trin near 0.5 is contrarian)
Average VWAPs: +105/-58 (moderately bullish)

Consumer Staples (XLP) moves to a record high; Brit pound (FXB) soars while N. Zealand dollar ($NZD) plummets; Global funds party on
January 17, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2778.4/2801.6
DTX 1119.9/1128.1
DJIA 25865/26075
Nasdaq 7229.3/7290.7
RUT 1573.7/1586.3
VIX 11/12.8 (falling VIX is bullish)
Trin range: 1.0 - 1.3 (neutral to bearish)
Average VWAPs: +140/-44 (bullish)

Bears charge in after market opens at record high; Volatility jumps; Greenback (UUP) breaks major support while other currencies soar; S-hole country funds break-out (AFK, MXF, FM); Wind energy (FAN) breezes above major resistance to hit a new high; Gold miners (GDX, GDXJ) break out
January 16, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2779.3/2807.5
DTX 1127.6/1142.4
DJIA 25815/26085
Nasdaq 7240/7330
RUT 1584/1604
VIX 10.7/11.9 (jump in VIX is bearish but VIX under 15 is overall bullish)
Trin range: 0.9 - 1.2 (rising Trin is bearish)
Average VWAPs: +40/-210 (very bearish)

Bulls pull out all the stops! Record highs: All major indices, Timber (CUT), Water (PHO), Tech (XLK, FANG stocks minus F (FB)); Record Lows: Corn (CORN), Grains (JJG); Gold (GLD, IAU) breaks out; Brit pound (FXB), Euro pop/USD (UUP) drops; Global stocks (esp. Asia & Europe) soar
January 12, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2769.7/2786.7
DTX 1128.2/1138
DJIA 25640/25810
Nasdaq 7206/7262
RUT 1587.1/1598.3
VIX 9.85/10.1 (very bullish)
Trin range: 0.85 - 1.1 (bullish to neutral)
Average VWAPs: +112/-62 (bullish)

Cotton (BAL) jumps; Steel (SLX) tops major resistance; Oil producers & servicers (XOP, XES) break out; Consumer Discretionary (XLF) notches another record high; Solar (TAN) & other clean energies (PBW, ICLN, GEX) break out to new highs; Bitcoin (GBTC) falls below near-term support
January 11, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2753/2765
DTX 1105.2/1128.4
DJIA 25400/25560
Nasdaq 7165/7205
RUT 1560.2/1587.2
VIX 9.55/9.95 (very bullish/contrarian)
Trin range: 0.85 - 1.05 (bullish to neutral (!))
Average VWAPs: +125/-50 (bullish)

Interest rate sensitive issues continue to fall (XLU, VNQ, BND); Banks (KRE, KBE), Financials (XLF, IAI) break out; Commodity countries slide (EWC, EWA)
January 10, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2736/2752
DTX 1100/1110.2
DJIA 25255/25440
Nasdaq 7112/7158
RUT 1551.5/1562.5
VIX 9.55/10.85 (falling VIX is bullish but VIX under 10 is becoming contrarian)
Trin range: 0.5 - 0.7 (very bullish)
Average VWAPs: +109/-55 (bullish)

Bulls continue to lift major averages to record levels; Oil (USO, OIL) pushes above key resistance; Bonds, REITs continue to drop indicating increased probability of interest rate hike
January 9, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2747.9/2759.5
DTX 1100.8/1106.2
DJIA 25310/25460
Nasdaq 7148.3/7186.7
RUT 1558.9/1565.7
VIX 9.35/9.85 (contrarian)
Trin range: 0.75 - 0.95 (falling Trin is bullish)
Average VWAPs: +119/-52 (bullish)

Tech, Global funds continue in rally mode; Coal (KOL) pops; Loonie (FXC) leaps over major resistance; Topping Transports an indication of a market reversal?
January 5, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2728/2737
DTX 1084.5/1098.7
DJIA 25110/25190
Nasdaq 7097/7127
RUT 1552.1/1559.6
VIX 9.05/9.55 (contrarian)
Trin range: 0.85 - 1.3 (rising Trin is bearish)
Average VWAPs: +88/-67 (bull/bear battle)

All major averages at record highs; Attorney General rescinds Obama-era legal marijuana policy bumming out pot stocks; Financials (XLF), Materials (XLB) continue to march to new highs; REITs getting razed
January 4, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2719.3/2730.7
DTX 1079.3/1091.7
DJIA 24955/25105
Nasdaq 7067/7098
RUT 1551.2/1560.8
VIX 8.95/9.25 (extremely contrarian)
Trin range: 0.8 - 1.1 (rising Trin is bearish)
Average VWAPs: +93/-88 (bull/bear stand-off)

FANG stocks GOOG, NFLX, FB hit record highs; Oil (USO, OIL), Agribiz (MOO), Healthcare (XLV) pop to new highs; Utilities (XLU) falls below major support; VIX testing record low
January 3, 2018

1:30 pm ET: Intraday support/resistance:
SPX 2697.8/2716.2
DTX 1074.6/1085.4
DJIA 24825/24925
Nasdaq 7016.7/7083.3
RUT 1547.5/1555.5
VIX 8.90/9.6 (extremely contrarian)
Trin range: 0.7 - 1.0 (bullish to neutral)
Average VWAPs: +114/-71 (bullish but bears still hanging in there)

Metals & Miners break out while Palladium (PALL), Steel (SLX) notch new highs; Consumer Discretionary (XLY), Materials (XLB) hit record highs; Uranium (URA) explodes to the upside as Solar (TAN), Coal (KOL) move to new yearly highs
January 2, 2018

Important Note: 3:05 pm ET: Intraday support/resistance:
SPX 2682.4/2693.4
DTX 1065.3/1079.7
DJIA 24735/24865
Nasdaq 6924/7001
RUT 1536.1/1551.3
VIX 9.75/10.95 (VIX under 15 is bullish overall but VIX under 10 is becoming contrarian)
Trin range: 0.5 - 0.7 (very bullish)
Average VWAPs: +120/-81 (bullish but bears are hanging in there)

Recent Articles
The Race to a $Trillion
July 20, 2018 at 12:32 pm

In his best-selling book called “The Four: The Hidden DNA of Apple, Amazon, Facebook, and Google”, author Scott Galloway ponders the question of which of these and other tech companies (including Microsoft) will be the first to reach the $1 Trillion mark in terms of market capitalization. For new investors, market capitalization (or “market cap” for short) is computed by taking the number of outstanding shares of stock multiplied by the current price of a single share. For example, if a company has 10,000 outstanding shares and its stock price is at $12, then it has a market cap of 10,000 x $12 = $120,000.

Galloway predicts that Apple may be the winner, but his prediction was made in late fall last year prior to publication. Let’s see if his prediction is still on track.

Here are the current market capitalizations of the above tech names including Microsoft:

AAPL $943B

AMZN $883B

MSFT $821B

FB $504B

GOOGL $359B

(For reference, here are the market caps of other large US companies in non-tech sectors: JP Morgan/Chase (JPM) $379B, Exxon/Mobil (XOM) $345B, Berkshire-Hathaway BRK.A $223B.)

So, it does indeed appear that Apple is still the front runner but Amazon and Microsoft are nipping at its heels. Just one bad quarter or a downward revision may be enough to put Apple’s first place position in jeopardy. For Apple’s market cap to fall to that of Amazon’s current market cap ($883B) means that Apple shares would be trading at $179.5.

Today, Apple is trading around $191.5/share so it would only take a 6.2% move to drop it to $179.5. That’s not unrealistic at all considering its share price dropped over 16% in the latter part of January/early February.

Does Apple have something to worry about? If price appreciation is any indication (and that’s a question for fundamentalists), then perhaps it does.

Recently, Apple shares have significantly under-performed both those of Amazon and Microsoft. Since July 20th of last year (2017), Amazon shares are up 76%, Microsoft’s are up 43%, while Apple shares come in a distant third at 27% (which isn’t shabby considering that the S & P gained 13% in that time). But if Apple’s share price keeps on going at this rate, it won’t take long for the others to over take it.

The race to a trillion is heating up and seeing who first crosses the finish line first will be exciting. Just wonder what the odds are in Vegas…

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