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***The Stock Market Cook Book will not be posting from October 11 - October 18. We shall return on Monday, October 21. See you then!***
Intraday Market Notes & Observations
Pot fund slumps to another record low ($MJ); Brit pound ($FXB), Euro ($FXE) rally; Buyers moving back into financials ($XLF) & healthcare ($XLV)
October 10, 2019

2:05 pm ET: Intraday support/resistance:
$SPX 2917.1/2956.7
$DTX 990/1010.6
$DJIA 26315/26685
Nasdaq 7902/7998
$RUT 1479.4/1491.6
$VIX 17.25/19.25 (bearish)
Trin range: 0.85 - 1.1 (neutral)
Average VWAPs: +76/-87 (bull/bear seesaw)

Cryptos rebound ($ETCG, $GBTC); Soybeans begin another leg up ($SOYB)
October 9, 2019

1:25 pm ET: Intraday support/resistance:
$SPX 2906.4/2924.6
$DTX 987.1/996.9
$DJIA 26235/26405
Nasdaq 7874/7926
$RUT 1475.2/1484.8
$VIX 18.6/19.8 (bearish)
Trin range: 0.85 - 1.25 (neutral)
Average VWAPs: +88/-56 (bull/bear seesaw)

Oil services drips to record lows ($OIH, $XES); Malaysia continues to drop, notching a record low ($EWM); Market resumes its downward momentum as volatility climbs
October 8, 2019

1:45 pm ET: Intraday support/resistance:
$SPX 2895.6/2920.4
$DTX 987.1/994.9
$DJIA 26140/26410
Nasdaq 7836/7908
$RUT 1471.4/1494.6
$VIX 18.55/19.95 (bearish)
Trin range: 0.9 - 1.2 (neutral to bearish)
Average VWAPs: +145/-53 (bullish)

Market buoyed on resumption of China trade talks; Pakistan ($PAK) moves above first line of resistance
October 7, 2019

1:25 pm ET: Intraday support/resistance:
$SPX 2935.7/2959.3
$DTX 994.8/1006.8
$DJIA 26425/26635
Nasdaq 7942/8004
$RUT 1492.6/1507.4
$VIX 16.8/18.3 (VIX above 15 is bearish)
Trin range: 0.7 - 1.1 (bullish to neutral)
Average VWAPs: +59/-68 (bull/bear seesaw)

US & Global markets extend yesterday's rebound to end the week on an upnote. And that's all she wrote--enjoy the weekend!
October 4, 2019

1:45 pm ET: Intraday support/resistance:
$SPX 2918.6/2941.4
$DTX 991.8/1002.2
$DJIA 26270/26510
Nasdaq 7900/7980
$RUT 1482/1494.2
$VIX 17.25/18.65 (falling VIX is bullish but VIX above 15 is still bearish overall)
Trin range: 1.0 - 1.4 (neutral to bearish)
Average VWAPs: +114/-45 (mildly bullish)

Market rebounds on no real news--but is this a pause that refreshes the bears?
October 3, 2019

2:10 pm ET: Intraday support/resistance:
$SPX 2856/2924
$DTX 970.8/999.2
$DJIA 25745/26345
Nasdaq 7700/7900
$RUT 1462.2/1491.8
$VIX 18.45/21.45 (bearish)
Trin range: 0.65 - 1.1 (bullish to neutral)
Average VWAPs: +241/-32 (very bullish/contrarian)

Political fears surge as chances of a Trump impeachment/Warren presidency increase pushing volatility even higher and causing major averages to plummet below first lines of support; Tech ($XLK, $SOXX, $VGT), Financials ($XLF, $KRE, $KBE), Global funds getting hit hard; Investors dump risky junk bonds ($HYG, $JNK) in favor of Treasuries
October 2, 2019

1:45 pm ET: Intraday support/resistance:
$SPX 2870.2/2924.8
$DTX 974.3/1002.7
$DJIA 25925/26425
Nasdaq 7707/7853
$RUT 1458.9/1493.1
$VIX 19.45/22 (very bearish and it looks like there's a lot more room to run to the upside)
Trin range: 0.65 - 0.85 (falling Trin is bullish but in this case it is giving the bears more room to run)
Average VWAPs: +69/-151 (bearish)

Increasing fears of impeachment boost volatility as market sells off; Internet ($FDN), Broker/Dealers ($IAI) break down; Aussie $ hits new low ($FXA); Russia ($RSX), India ($EPI) tumble
October 1, 2019

12:40 pm ET: Intraday support/resistance:
$SPX 2944.3/2992.5
$DTX 1014.1/1048.5
$DJIA 26615/27045
Nasdaq 7912/8063
$RUT 1506.9/1539.1
$VIX 15.8/18.6 (VIX above 15 is bearish)
Trin range: 1.05 - 1.4 (bearish)
Average VWAPs: +42/-211 (very bearish/contrarian)

Gold & Silver break support ($GLD, $SLV); Corn breaks out ($CORN); Homebuilders notch a new high ($XHB); Marijuana ($MJ), Euro ($FXE) slip to new lows
September 30, 2019

2:00 pm ET: Intraday support/resistance:
$SPX 2967.1/2985.9
$DTX 1036.1/1042.5
$DJIA 26850/27030
Nasdaq 7950/8024
$RUT 1518.3/1527.7
$VIX 16.1/17.1 (falling VIX is bullish but VIX above 15 is bearish overall)
Trin range: 1.25 - 1.45 (bearish)
Average VWAPs: +156/-47 (bullish)

US lobs its own hard-ball tactic causing China funds to break support levels ($FXI, $CAF, $CHN, $GXC); Palladium rallies to another record high ($PALL); FANG names break down ($AMZN, $BKNG)
September 27, 2019

1:50 pm ET: Intraday support/resistance:
$SPX 2952.7/2987.3
$DTX 1033.2/1048.8
$DJIA 26785/27015
Nasdaq 7928/8052
$RUT 1517.6/1539.2
$VIX 15.5/18.5 (VIX above 15 is bearish)
Trin range: 1.05 - 1.5 (bearish)
Average VWAPs: +38/-258 (extremely bearish/contrarian)

Downward momentum in Crypto funds accelerates ($GBTC, $ETCG); Healthcare, Pharma, Biotech cool off ($XLV, $PJP, $IBB); Euro sinks to new yearly low ($FXE)
September 26, 2019

1:55 pm ET: Intraday support/resistance:
$SPX 2963.7/2986.3
$DTX 1036.8/1045.6
$DJIA 26805/27015
Nasdaq 7988/8072
$RUT 1529.5/1549.5
$VIX 15.85/17.1 (VIX above 15 is bearish)
Trin range: 1.1 - 1.3 (neutral to bearish)
Average VWAPs: +97/-101 (bull/bear battle)

Market reverses course as money flows back into riskier assets and out of precious metals; Crypto funds break support ($GBTC, $ETCG)
September 25, 2019

2:10 pm ET: Intraday support/resistance:
$SPX 2952.9/2984.9
$DTX 1032.7/1047.3
$DJIA 26755/27085
Nasdaq 7936/8084
$RUT 1530.7/1551.3
$VIX 15.05/18.45 (falling VIX is bullish but VIX above 15 is bearish overall)
Trin range: 0.9 - 1.25 (falling Trin is bullish with more room to run)
Average VWAPs: +189/-69 (bullish)

Lower Consumer Confidence numbers, China trade jitters, and Impeachment rumors tank the market; Rotation into defensive names ($XLU, $BND, $GLD) & out of riskier assets esp. Tech ($XLK); Marijuana ($MJ) continues to slide new lows
September 24, 2019

2:05 pm ET: Intraday support/resistance:
$SPX 2957/3008
$DTX 1024.8/1052.2
$DJIA 26670/27080
Nasdaq 7951/8159
$RUT 1532.4/1562.6
$VIX 14.6/18 (soaring VIX is very bearish)
Trin range: 1.3 - 1.6 (bearish)
Average VWAPs: +39/-284 (extremely bearish/contrarian)

Silver, Palladium continue to shine ($SLV, $PSLV; $SPPP, $PALL); India jumps ($IFN, $PIN, $EPI)
September 23, 2019

1:55 pm ET: Intraday support/resistance:
$SPX 2982.5/3001.5
$DTX 1035.8/1046.2
$DJIA 26830/27030
Nasdaq 8085/8143
$RUT 1552.4/1564.6
$VIX 14.6/16 (sitting on the bull/bear fence)
Trin range: 0.75 - 1.0 (bullish to neutral)
Average VWAPs: +109/-76 (bulls with the edge--for now)

Chinese play hard-ball in trade negotiations which tanks the market; Marijuana ($MJ) retests all time low; N. Zealand dollar ($NZD) pops to new high; India jumps on surprise tax cuts ($INDY, $EPI, $PIN, $IFN); Frontier Markets ($FM) breaks down; $ROKU, $NFLX slicing through support as competition heats up
September 20, 2019

1:55 pm ET: Intraday support/resistance:
$SPX 2983.6/3016.4
$DTX 1036.5/1056.7
$DJIA 26900/27195
Nasdaq 8067/8203
$RUT 1552/1570
$VIX 13.35/16.05 (rising VIX is bearish, a VIX close over 15 means bears are sliding back into the driver's seat)
Trin range: 0.85 - 1.35 (bearish)
Average VWAPs: +56/-225 (very bearish/contrarian)

Cocoa pops above resistance ($NIB); Palladium retests record high ($PALL); Solar breaks out to new yearly high ($TAN); Major averages showing signs of temporary exhaustion
September 19, 2019

2:10 pm ET: Intraday support/resistance:
$SPX 3007/3022
$DTX 1048.7/1059.3
$DJIA 27125/27275
Nasdaq 8177/8237
$RUT 1564.7/1581.3
$VIX 13.3/14.3 (falling VIX is bullish)
Trin range: 1.3 - 1.8 (very bearish/contrarian)
Average VWAPs: +72/-97 (bull/bear battle)

Bonds buck back up ahead of the Fed; Transports ($DTX) decelerate; Oil ($OIL, $USO) erases Saudi oil attack gains
September 18, 2019

1:25 pm ET: Intraday support/resistance:
$SPX 2992.5/3001.5
$DTX 1044.7/1057.9
$DJIA 26995/27085
Nasdaq 8125/8175
$RUT 1560.4/1577.6
$VIX 14.6/15.5 (rising VIX is bearish; a VIX close over 15 means bears are lumbering back)
Trin range: 1.3 - 1.6 (bearish/contrarian)
Average VWAPs: +39/-162 (bearish)

Market stuck in neutral as everyone waits on the Fed
September 17, 2019

1:25 pm ET: Intraday support/resistance:
$SPX 2993.6/3001.2
$DTX 1063.7/1073.9
$DJIA 26985/27085
Nasdaq 8140/8165
$RUT 1569.4/1584.6
$VIX 14.45/15.05 (VIX under 15 means bulls still hold the reins)
Trin range: 1.1 - 1.35 (bearish)
Average VWAPs: +105/-94 (bull/bear battle)

Saudi oil refinery attack causes Oil & Russia etfs to leap above resistance ($OIL, $USO, $BNO, $FRAK; $RSX, $RUSL (3x long)); Volatility jumps as expected but still in bull territory
September 16, 2019

1:55 pm ET: Intraday support/resistance:
$SPX 2990.7/3002.9
$DTX 1065/1085
$DJIA 27010/27170
Nasdaq 8121/8174
$RUT 1570.5/1593.5
$VIX 14.3/15.2 (bullish)
Trin range: 0.5 - 0.75 (falling Trin is bullish but Trin near 0.5 is becoming contrarian)
Average VWAPs: +163/-102 (bullish but bears are ready to move back in)

Silver breaks support ($SLV, $PSLV); Marine Shipping ($SEA), Brit Pound ($FXB), Global funds ($EWG, $EPI, $EWT, $RSX) break out; Bonds begin second leg down ($TLT, $BND, $LQD)
September 13, 2019

12:20 pm ET: Intraday support/resistance:
$SPX 3007.7/3017.3
$DTX 1076.1/1085.7
$DJIA 27195/27275
Nasdaq 8171/8213
$RUT 1575.5/1589.5
$VIX 13.4/14.2 (bullish)
Trin range: 0.85 - 1.2 (neutral to bearish)
Average VWAPs: +95/-94 (bull/bear war)

Market continues to rally as S&P, Dow closes in on record highs; Platinum/Palladium Physical etf ($SPPP) breaks out to new record high; Japan ($EWJ) pops above major resistance; Homebuilders ($NAIL, $XKB) continue to rise
September 12, 2019

2:15 pm ET: Intraday support/resistance:
$SPX 3001/3024
$DTX 1064/1078.8
$DJIA 27105/27350
Nasdaq 8177/8243
$RUT 1562.8/1581.2
$VIX 13.75/14.85 (bullish)
Trin range: 0.95 - 1.15 (neutral)
Average VWAPs: +118/-121 (bull/bear war)

Industrials, Russell break out as volatility moves into bull territory; Buying returns to tech as Quantum Computing ($QTUM) notches record high; Miners ($XME), Lithium ($LIT), Wind Energy ($FAN), Apple ($AAPL), Priceline ($BKNG) move above resistance; Saudia Arabia ($KSA) continues to sink
September 11, 2019

2:15 pm ET: Intraday support/resistance:
$SPX 2975.3/2998.1
$DTX 1058.8/1073.2
$DJIA 26885/27075
Nasdaq 8081/8161
$RUT 1541.9/1574.1
$VIX 14.35/15.45 (VIX falling below 15 means bulls are taking over)
Trin range: 0.85 - 1.45 (rising Trin is bearish)
Average VWAPs: +155/-84 (bulls taking the lead)

Investors fleeing tech ($XLF, $VGT, $PSJ); Gold tests first line of support ($GLD, $IAU); Coffee ($JO), Steel ($SLX) push above first lines of resistance; Investment Grade Bonds fall beneath support ($BND, $LQD, $SHY)
September 10, 2019

2:00 pm ET: Intraday support/resistance:
$SPX 2957/2977
$DTX 1046.5/1067.1
$DJIA 26715/26860
Nasdaq 8002/8093
$RUT 1516.6/1552.6
$VIX 14.9/16.5 (VIX still straddling the bull/bear fence)
Trin range: 0.65 - 0.95 (bullish)
Average VWAPs: +187/-121 (bull/bear war)

Massive rotation out of tech ($XLF, $VGT, $PSJ) and into financials ($XLF, $KRE, $KBE); OIl & Gas explorers/services break out ($OIH, $XOP, $UNG, $FRAK); Ag etfs jump ($WEAT, $JO, $NIB); Frontier markets begins next leg down ($FM)
September 9, 2019

2:25 pm ET: Intraday support/resistance:
$SPX 2969.5/2988.5
$DTX 1033.6/1054.4
$DJIA 26740/26900
Nasdaq 8049/8131
$RUT 1506.8/1527.2
$VIX 14.95/16.15 (VIX straddling the bull/bear fence)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +92/-303 (extremely bearish; massive rotation out of tech (XLK) and into financials (XLF))

Retail ($RTH) hits record high; Corn ($CORN) slides to record low; N. Zealand etf ($ENZL) soars as its currency breaks first line of support ($NZD)
September 6, 2019

1:55 pm ET: Intraday support/resistance:
$SPX 2972.5/2985.3
$DTX 1031/1042.6
$DJIA 26710/26870
Nasdaq 8099/8136
$RUT 1508.8/1518.2
$VIX 15.05/16.05 (falling VIX is bullish but VIX over 15 is still bearish overall)
Trin range: 0.9 - 1.2 (neutral)
Average VWAPs: +102/-97 (bull/bear battle)

Major averages (except $RUT) pop above recent consolidation; Base metals rebound ($SLX, $LIT, $REMX, $COPX) as precious metals see profit-taking; Notable sector breakouts ($SEA, $XLC, $XLY, $XLK, $IAI, $ROBO); Twitter begins next leg up ($TWTR)
September 5, 2019

1:45 pm ET: Intraday support/resistance:
$SPX 2960.6/2989.4
$DTX 1020.4/1043
$DJIA 26605/26855
Nasdaq 8061/8139
$RUT 1491.3/1525.7
$VIX 15.2/16.6 (falling VIX is bullish but VIX over 15 is still bearish overall)
Trin range: 0.9 - 1.1 (rising Trin is bearish)
Average VWAPs: +102/-138 (bull/bear battle)

Market firms up on bullish Fed speak; Global funds rebound; REITs continue to climb ($VNQ, $IYR); USD falls ($UUP)
September 4, 2019

2:05 pm ET: Intraday support/resistance:
$SPX 2921.9/2937.5
$DTX 1004.7/1014.3
$DJIA 26245/26355
Nasdaq 7929/7971
$RUT 1475.4/1488.2
$VIX 17.35/18.85 (falling VIX is bullish but VIX over 15 is still bearish overall)
Trin range: 0.6 - 0.9 (falling Trin is bullish)
Average VWAPs: +89/-94 (bull/bear battle)

Silver soars ($SLV, $PSLV); Gold hits new yearly high ($GLD, $IAU); Molybdenum hits new low ($GMO); Oil, Gas fall ($OIL, $UGA); Utes, REITs notch new record highs ($XLU; $VNQ, $IYR); Cryptos jump ($ETCG, $GBTC); USD notches 10 year high ($UUP) as Euro slides to 2 year low ($FXE); REIT giants $AGNC, $NLY continue to tank
September 3, 2019

2:05 pm ET: Intraday support/resistance:
$SPX 2889/2914.4
$DTX 985.2/1009.4
$DJIA 25940/26200
Nasdaq 7840/7940
$RUT 1464/1494
$VIX 19.4/20.9 (bearish)
Trin range: 0.95 - 1.15 (neutral)
Average VWAPs: +62/-189 (bearish)

Platinum ($SPPP, $PPLT), Palladium ($PALL), Nickel ($JJN) leap; USD ($UUP) hits 2 1/2 year high as Euro ($FXE) slumps to 2 year low; Mexico etfs head north ($EWW, $MXF)
August 30, 2019

1:50 pm ET: Intraday support/resistance:
$SPX 2909.6/2941.1
$DTX 1010/1023
$DJIA 26285/26515
Nasdaq 7902/8018
$RUT 1488/1504.4
$VIX 17.35/19.45 (VIX over 15 is bearish overall)
Trin range: 0.85 - 1.15 (neutral)
Average VWAPs: +44/-122 (mildly bearish)

Fall in precious metals, bonds, volatility plus FANG rally reflects risk-on reversal; Aero & Defense moves to another record high ($PPA); Bitcoin fails support ($GBTC)
August 29, 2019

2:05 pm ET: Intraday support/resistance:
$SPX 2905.7/2934.3
$DTX 999.2/1020.8
$DJIA 26185/26515
Nasdaq 7926/8010
$RUT 1478.5/1502.9
$VIX 17.15/18.85 (falling VIX is bullish but VIX over 15 is bearish overall)
Trin range: 0.9 - 1.15 (neutral)
Average VWAPs: +138/-56 (moderately bullish)

Platinum pops ($PPLT); Mortgage REITs get a big price cut ($MORT); REIT giants $NLY, $AGNC continue to plummet to new yearly lows; N. Zealand $ in confirmed rally mode ($NZD)
August 28, 2019

1:00 pm ET: Intraday support/resistance:
$SPX 2853/2897
$DTX 967.6/997.2
$DJIA 25635/26085
Nasdaq 7767/7889
$RUT 1450.3/1485.7
$VIX 18.85/21.65 (VIX over 20 is very bearish)
Trin range: 0.75 - 1.05 (bullish to neutral)
Average VWAPs: +112/-52 (mildly bullish)

Silver & Silver Miners ($SLV, $PSLV, $SIL) soar; Gold & Gold MIners break out ($GLD, $PHYS, $GDX); Frackers etf drills down to record low ($FRAK); Utes notch another record high ($XLU) as do Investment Grade Corp Bonds & Treasuries ($LQD, $BND; $TLT, $VGLT, $TIP)
August 27, 2019

2:15 pm ET: Intraday support/resistance:
$SPX 2858.8/2898.8
$DTX 972.9/989.5
$DJIA 25705/26055
Nasdaq 7795/7917
$RUT 1454.3/1485.7
$VIX 18.5/21.1 (VIX over 20 is very bearish)
Trin range: 0.8 - 1.15 (neutral)
Average VWAPs: +38/-150 (bearish)

Silver & Silver Miners ($SLV, $PSLV, $SIL) break out to new yearly highs; Market takes a breather after Friday's fall
August 26, 2019

1:45 pm ET: Intraday support/resistance:
$SPX 2855.9/2879.9
$DTX 874.9/989.1
$DJIA 25715/25985
Nasdaq 7789/7861
$RUT 1461.6/1476.4
$VIX 19.15/21.35 (VIX over 20 is very bearish)
Trin range: 0.75 - 1.1 (bullish to neutral)
Average VWAPs: +98/-52 (mildly bullish)

Global trade jitters spur risk-off trade as precious metals ($SLV, $GLD), bonds, volatility soar; Base metals, rare earths, coal slump to new lows ($DBB, $SLX, $REMX, $LIT, $KOL); FANG names break support ($FB, $NFLX)
August 23, 2019

2:15 pm ET: Intraday support/resistance:
$SPX 2843/2927
$DTX 871.6/1005.2
$DJIA 25540/26320
Nasdaq 7735/8005
$RUT 1460.1/1505.7
$VIX 16.05/21.95 (rising VIX is bearish; VIX over 20 is very bearish)
Trin range: 0.8 - 1.35 (neutral to bearish)
Average VWAPs: +47/-252 (extremely bearish/contrarian)

N. Zealand Dollar ($NZD) breaks out to new yearly high; Market treading water on light summer trading
August 22, 2019

2:10 pm ET: Intraday support/resistance:
$SPX 2904.4/2939
$DTX 1001.8/1015.6
$DJIA 26100/26400
Nasdaq 7937/8050
$RUT 1500.4/1517.6
$VIX 15.65/17.65 (rising VIX is bearish but VIX over 15 is still bearish overall)
Trin range: 0.65 - 1.00 (bullish to neutral)
Average VWAPs: +91/-64 (bulls with the edge on light summer volume)

Much better than expected earnings from Lowe's ($LOW) & Target ($TGT) give the market a boost as volatility deflates; Solar ($TAN) hits new yearly high; Investment grade corporate bonds reach record highs ($LQD, $SPLB); Egypt ($EGPT) moves above resistance
August 21, 2019

1:10 pm ET: Intraday support/resistance:
$SPX 2919.3/2928.7
$DTX 1007.5/1014.5
$DJIA 26145/26295
Nasdaq 8007/8041
$RUT 1498.5/1513.5
$VIX 15.4/16.2 (falling VIX is bullish but VIX over 15 is still bearish overall)
Trin range: 0.9 - 1.15 (neutral)
Average VWAPs: +93/-52 (bulls with the edge on light summer volume)

Market takes a rest after two day rally; Bonds, Precious metals rebound; Banks ($KRE, $KBE), Financials ($XLF) fall
August 20, 2019

2:10 pm ET: Intraday support/resistance:
$SPX 2904.4/2926
$DTX 1000.5/1006.5
$DJIA 26020/26180
Nasdaq 7959/8011
$RUT 1494.6/1508.6
$VIX 16.3/17.7 (VIX over 15 is bearish)
Trin range: 0.9 - 1.15 (neutral)
Average VWAPs: +72/-111 (bull/bear seesaw on light summer volume)

Market pops as volatiity drops; REITs ($IYR, $VNQ), Utes ($XLU) again notch record highs; China ($HAO, $CAF, $FXI, $CHN), Hong Kong ($EWH), Europe funds jump; Bonds take a breather
August 19, 2019

12:20 pm ET: Intraday support/resistance:
$SPX 2913.4/2931.6
$DTX 1006.1/1017.9
$DJIA 26020/26270
Nasdaq 7974/8026
$RUT 1486.6/1520.8
$VIX 16.8/17.7 (falling VIX is bullish)
Trin range: 0.85 - 1.3 (mildly bullish to bearish)
Average VWAPs: +84/-63 (bull/bear seesaw on light summer volume)

Utes ($XLU), REITs ($IYR) retesting record highs; Bulls fight back to end a down week on an up note; Volatility plummets
August 16, 2019

1:50 pm ET: Intraday support/resistance:
$SPX 2864.7/2900
$DTX 981/1004.6
$DJIA 25675/25975
Nasdaq 7828/7922
$RUT 1462.1/1496.9
$VIX 18.5/19.85 (falling VIX is bullish)
Trin range: 0.65 - 0.9 (bullish)
Average VWAPs: +128/-38 (moderately bullish)

GE ($GE) plunges on fraud concerns; Retail ($XRT) violates major support; Major averages testing support; Bonds jump as sinking yields could be signaling a recession; Marijuana ($MJ) in freefall; Coal ($KOL), Wind Energy ($FAN), Lithium ($LIT), Steel ($SLX), Rare Earths ($REMX) still suffering
August 15, 2019

2:20 pm ET: Intraday support/resistance:
$SPX 2821.1/2856.7
$DTX 966.5/987.1
$DJIA 25290/25610
Nasdaq 7716/7804
$RUT 1454.7/1470.7
$VIX 21/23.2 (risng VIX is bearish)
Trin range: 1.15 - 1.6 (bearish/contrarian)
Average VWAPs: +77/-121 (bearish)

Transports break support starting a new leg down on the market; Global funds plunge as N. Zealand ($EZA), Norway ($NORW), Poland ($EPOL) slide to new lows; Oil Services ($PXJ, $XES, $OIH) and Marine Shippers ($SEA) sink to record lows; Treasuries ($TLT, $VGLT) & Investment Grade Bonds ($LQD, $SPLB) move to record highs in a flight to safety
August 14, 2019

2:15 pm ET: Intraday support/resistance:
$SPX 2829.1/2894.2
$DTX 980.6/1006.4
$DJIA 25455/26035
Nasdaq 7760/7900
$RUT 1460.4/1509.6
$VIX 20.05/22.85 (risng VIX is bearish)
Trin range: 0.85- 1.25 (neutral to bearish)
Average VWAPs: +70/-120 (bearish)

Temporary easing in China trade tensions unleashes broad market rebound; Yep, that about sums it up--now go to the beach!
August 13, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2877/2943
DTX 995.7/1028.3
DJIA 25835/26465
Nasdaq 7852/8068
RUT 1490/1523.4
VIX 17.1/21.1 (falling VIX is bullish but VIX above 15 is bearish overall)
Trin range: 0.8 - 1.35 (falling Trin is bullish)
Average VWAPs: +125/-85 (mildly bullish but bears are still very much in the picture)

Precious metals march higher ($SLV, $GLD) while Copper Miners ($COPX) slumps to new yearly low; Oil Services notch new record lows ($XES, $PXJ); Retail ($XRT), Hong Kong ($EWH) fails support levels
August 12, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2888.5/2907.5
DTX 999.5/1016.5
DJIA 25960/26180
Nasdaq 7875/7925
RUT 1492.2/1512.8
VIX 19/20.3 (bearish)
Trin range: 1.05 - 1.5 (bearish/contrarian)
Average VWAPs: +58/-144 (bearish)

Yen ($FXY) rises to new yearly high while Brit Pound ($FXB) slumps to record low; Strong rebound in Argentina ($ARGT); Major averages rally from mid-day slump as traders head for the exits
August 9, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2900.2/2935.6
DTX 1014/1031
DJIA 26075/26375
Nasdaq 7910/8030
RUT 1509/1531
VIX 17.3/19.45 (VIX over 15 is bearish overall)
Trin range: 1.05 - 1.45 (bearish)
Average VWAPs: +129/-71 (bull/bear seesaw)

Risk-on rebound boosts Tech, IT, Software ($XLK, $VGT, $PSJ); Volatility sinks as bulls charge back
August 8, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2894.5/2943.5
DTX 1018.5/1037.1
DJIA 26040/26430
Nasdaq 7896/8064
RUT 1502.6/1540.7
VIX 17.25/18.75 (falling VIX is bullish but VIX over 15 is bearish overall)
Trin range: 1.0 - 1.2 (neutral to bearish (!))
Average VWAPs: +156/-65 (bullish; buying heats up in FANG and other tech stocks)

Flight to safety continues as Gold and Silver ($GLD; $SLV) and bonds continue to soar; Oil funds notch fresh lows ($FRAK, $XOP, $PXJ, $XES, $OIH)
August 7, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2825.7/2889.3
DTX 996.5/1017.5
DJIA 25440/26010
Nasdaq 7702/7878
RUT 1478.5/1503.5
VIX 19.25/23.65 (still very bearish)
Trin range: 0.75 - 1.1 (falling Trin is bullish)
Average VWAPs: +197/-76 (very bullish--for now)

Gold ($GLD, $GDX) continues to climb while base metals ($DBB, $COPX) fall to 2.5 year lows; Solar ($TAN), Wind Energy ($FAN) hang on as Coal ($KOL), Uranium ($URA) continue to tumble; Market takes a breather after yesterday's rout
August 6, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2843.4/2873.6
DTX 1001.7/1019.5
DJIA 25705/26945
Nasdaq 7729/7835
RUT 1475.7/1502.9
VIX 20.8/23.4 (very bearish)
Trin range: 1.05 - 1.35 (bearish)
Average VWAPs: +120/-93 (bull/bear battle)

Broad market & global sell-off marks beginning of a potentially nasty downtrend as major averages slice through support; Global currencies jump against the devalued yuan; Precious metals & miners ($GLD, $GDX), Bonds jump in a flight to safety; Oil etfs ($OIH, $XES, $PXJ), Uranium ($URA) plunge to record lows; Upward pressure in volatility signals more downside to come
August 5, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2822/2898
DTX 985.5/1030.5
DJIA 25600/26260
Nasdaq 7684/7836
RUT 1482.2/1532.4
VIX 21.1/23.6 (huge jump in VIX is very bearish and it looks like it has a lot more room to run to the upside)
Trin range: 0.7 - 0.95 (falling Trin is bullish but a lower Trin means gives bears a lot more room to do damage)
Average VWAPs: +68/-236 (very bearish)

*** The Stock Market Cook Book will be offline enjoying the dog days of summer. We'll see you back here next Monday, August 5th. Enjoy the weekend! ***
July 31, 2019

Gold ($GLD), Oil ($OIL, $USO) attract buyers while Uranium ($URA) sells off to hit record low; Wind Energy ($FAN) tanks; Euro & India etfs break down; Buying dries up after long rally in Consumer Staples ($XLP)
July 30, 2019

2:10 pm ET: Intraday support/resistance:
SPX 3001/3021
DTX 1063.3/1084.7
DJIA 27070/27250
Nasdaq 8228/8302
RUT 1558/1584
VIX 13.0/14.2 (rising VIX is bearish, but VIX below 15 is bullish overall)
Trin range: 0.95 - 1.3 (falling Trin is bullish)
Average VWAPs: +145/-103 (bull/bear battle; rotation out Aero&Defense ($PPA), Utes ($XLU), Restaurants, Packaged food makers and into energy)

Nat Gas ($UNG) slides to record low; Brit Pound ($FXB) plunges below support to retest previous record low; Market caught in summer doldrums amid rising volatility
July 29, 2019

1:55 pm ET: Intraday support/resistance:
SPX 3014.3/3027.7
DTX 1073.6/1079.8
DJIA 27180/27280
Nasdaq 8247/8337
RUT 1565.6/1582.8
VIX 12.2/13.2 (rising VIX is bearish, but VIX below 15 is bullish overall)
Trin range: 1.2 - 1.45 (bearish)
Average VWAPs: +88/-98 (bull/bear battle)

Record Highs: S&P, Nasdaq, Software/Internet/CyberSecurity ($PSJ/$FDN/$CIBR), Initial Public Offerings ($IPO); Long/Short Winners: USD ($UUP)/Euro ($FXE) or Brit. Pound ($FXB), Google ($GOOGL)/Amazon ($AMZN)
July 26, 2019

1:20 pm ET: Intraday support/resistance:
SPX 3012/3024
DTX 1066.8/1080.2
DJIA 27120/27200
Nasdaq 8291/8337
RUT 1561.9/1576.1
VIX 11.9/12.5 (falling VIX is bullish, but VIX below 12 is becoming contrarian)
Trin range: 1.0 - 1.4 (bearish (!))
Average VWAPs: +126/-72 (mildly bullish)

Commodities lost in a sea of red as Uranium ($URA) retests December low; Thailand ($THD), Norway ($NORW) break support; Tesla ($TSLA) falls 15% on Q2 loss
July 25, 2019

1:25 pm ET: Intraday support/resistance:
SPX 2994.3/3016.3
DTX 1065/1078
DJIA 27040/27270
Nasdaq 8234/8296
RUT 1562.5/1580.2
VIX 12.5/13.6 (rising VIX is bearish but VIX below 15 is bullish overall)
Trin range: 0.85 - 1.15 (neutral)
Average VWAPs: +70/-147 (bearish, but bulls are still hanging in there)

Bulls party as Semis ($SOXX, $SMH), Tech ($XLK, $XT, $IXN, $QTUM), Aero & Defense ($PPA), Medical Devices ($IHI), Nasdaq reach record highs; Volatility fizzles
July 24, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2996.8/3014.4
DTX 1061/1088
DJIA 27170/27290
Nasdaq 8227/8301
RUT 1550.6/1571.4
VIX 11.85/12.95 (very bullish)
Trin range: 0.7 - 1.05 (bullish to neutral)
Average VWAPs: +161/-56 (bullish)

Coffee ($JO) craters; USD ($UUP) retests May high
July 23, 2019

1:20 pm ET: Intraday support/resistance:
SPX 2988.5/2997.5
DTX 1063/1069
DJIA 27160/27300
Nasdaq 8191/8243
RUT 1544.8/1552.2
VIX 12.85/13.5 (bullish)
Trin range: 0.8 - 1.05 (bullish to neutral)
Average VWAPs: +98/-87 (bull/bear battle; selling intense in software)

Semis heat up ($SOXX, $SMH); Mexico cools off ($MXF, $EWW)
July 22, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2976.7/2988.3
DTX 1060.3/1070.7
DJIA 27085/27225
Nasdaq 8172/8216
RUT 1543/1556.1
VIX 13.7/14.6 (bullish)
Trin range: 0.65 - 0.9 (falling Trin is bullish)
Average VWAPs: +108/-62 (mildly bullish)

Transports strong going into the weekend; Precious metals take a breather; Italy $EWI falls below recent support
July 19, 2019

1:35 pm ET: Intraday support/resistance:
SPX 2990/3006
DTX 1055.5/1069.9
DJIA 27240/27340
Nasdaq 8191/8244
RUT 1554.4/1562.5
VIX 13.1/13.9 (bullish)
Trin range: 0.85 - 1.5 (bearish/contrarian)
Average VWAPs: +75/-111 (bears with the edge)

Precious Metals & Miners continue to soar ($SLV, $SIL/J; $GDX/J); Oil breaks support ($OIL, $USO); Consumer Staples $XLP, N. Zealand $ENZL notch new record highs; Massive Netflix ($NFLX) subscriber loss helps push Social Media funds ($SOCL, $FDN, $VOX) below first lines of support
July 18, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2973/2989
DTX 1043.2/1052
DJIA 27070/27250
Nasdaq 8135/8185
RUT 1545.4/1554.6
VIX 13.6/14.5 (rising VIX is bearish but VIX below 15 is overall bullish)
Trin range: 0.9 - 1.25 (neutral to bearish)
Average VWAPs: +107/-67 (bulls with the edge)

Precious Metals & Miners soar ($SLV, $SIL/J; $GDX/J); Oil tanks ($OIL, $USO, $FRAK); Treasuries rise ($TLT, $TLH, $IEF) while REITs ($IYR, $VNQ) break first lines of support
July 17, 2019

1:55 pm ET: Intraday support/resistance:
SPX 2990/3008
DTX 1040.5/1069.5
DJIA 27240/27340
Nasdaq 8193/8237
RUT 1547.8/1564
VIX 12.55/13.85 (rising VIX is bearish but VIX below 15 is overall bullish)
Trin range: 0.9 - 1.1 (neutral)
Average VWAPs: +92/-77 (bull/bear battle)

Silver $SLV, Junior Golds Miners $GDXJ break out; Brit Pound $FXB drops to multi-year low; Transports stage significant break-out signaling more potential upside
July 16, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2999.6/3015
DTX 1066.8/1091.2
DJIA 27290/27400
Nasdaq 8200/8260
RUT 1558.2/1572.8
VIX 12.25/13.25 (bullish)
Trin range: 0.85 - 1.2 (neutral to mildly bearish)
Average VWAPs: +61/-125 (mildly bearish)

Investors lose their taste for Sugar $SGG & Cocoa $NIB as they break support; Major averages treading water in tepid summer trading
July 15, 2019

1:40 pm ET: Intraday support/resistance:
SPX 3006.2/3017.8
DTX 1056.5/1065.5
DJIA 27275/27365
Nasdaq 8225/8265
RUT 1558.1/1573.9
VIX 12.7/13.1 (rising VIX is bearish but VIX below 15 is bullish overall)
Trin range: 0.85 - 1.15 (neutral to mildly bearish)
Average VWAPs: +81/-64 (bull/bear seesaw)

Bulls party on as Transports motor higher; Consumer Discretionary $XLY, Consumer Staples $XLP, Tech $XLK, IT $VGT, Aero & Defense $PPA march to new record highs; Mary Jane $MJ has a break-down--bummer!
July 12, 2019

1:55 pm ET: Intraday support/resistance:
SPX 3001.9/3009.1
DTX 1041.7/1063.3
DJIA 27135/27285
Nasdaq 8202/8243
RUT 1558.6/1569.4
VIX 12.45/12.75 (bullish)
Trin range: 0.7 - 1.1 (bullish to neutral)
Average VWAPs: +106/-57 (moderately bullish)

Retail, CyberSecurity, Global Tech ($RTH, $CIBR, $IXN) touch record highs; Interest rate sensitive issues drop (Treasuries, REITs, Utes); Mr. Softee ($MSFT), Snapchat ($SNAP) notch record highs
July 11, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2986.7/3002.3
DTX 1026/1044.6
DJIA 26915/27085
Nasdaq 8168/8226
RUT 1551.9/1567.9
VIX 12.65/13.55 (bullish)
Trin range: 0.75 - 1.15 (rising VIX is bearish)
Average VWAPs: +65/-125 (moderately bearish)

S&P hits 3000; Tech, IT, Software, Consumer Discretionary ($XLK, $VGT, $PSJ, $XLY) at record highs; Russia, N. Zealand, Brazil break out to new yearly highs ($RSX, $ENZL, $BRF)
July 10, 2019

1:35 pm ET: Intraday support/resistance:
SPX 2985/3005
DTX 1026.6/1043.6
DJIA 26775/26985
Nasdaq 8160/8228
RUT 1558.2/1572.8
VIX 13/13.6 (falling VIX is bullish)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +83/-78 (bull/bear battle)

Brit Pound ($FXB) slides to new yearly low; FANG components $FB, $AMZN break out
July 9, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2964/2979
DTX 1028.8/1039.2
DJIA 26665/26755
Nasdaq 8061/8137
RUT 1554.1/1559.9
VIX 13.95/14.65 (VIX under 15 is overall bullish)
Trin range: 0.65 - 0.95 (bullish)
Average VWAPs: +105/-61 (mildly bullish)

Healthcare/Pharma/Biotech slump ($XLV, $PJP, $XBI); Cocoa ($NIB) pops over major resistance while Coffee ($JO) drips below minor support; India ($IFN), China ($XBI) fall; Cryptos ($ETCG, $GBTC) picking up steam
July 8, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2967.3/2980.7
DTX 1036.4/1047.27
DJIA 26740/26840
Nasdaq 8063/8133
RUT 1559.4/1574.2
VIX 14.0/14.6 (rising VIX is bearish but VIX under 15 is overall bullish)
Trin range: 0.65 - 0.85 (rising Trin is bearish but it's still in bullish territory)
Average VWAPs: +60/-111 (mildly bearish)


*** The Stock Market Cook Book is celebrating the July 4th holiday and will return Monday, July 8th. Have a safe and happy holiday and please take a moment to pause and remember the bold, brave, and courageous men and women who sacrificed everything to create this great country of ours. ***
July 3, 2019



Major averages languish as investors opt for risk-off trade, pushing REITs ($VNQ, $IYR), Gold ($GLD), Utes ($XLU), Bonds ($BNDX, $LQD) higher
July 2, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2955.9/2970.1
DTX 1038.3/1052.7
DJIA 26630/26770
Nasdaq 8061/8099
RUT 1554.3/1569.5
VIX 13.35/14.15 (bullish)
Trin range: 0.85 - 1.0 (bullish to neutral)
Average VWAPs: +112/-89 (bull/bear battle)

Bulls charge back, pushing the S&P to a record high and taking the air out of volatility; Gold ($GLD), Cryptos ($ETCG, $GBTC), Swissie ($FXF) tank; Tech ($XLF), Medical devices ($IHI) notch record highs; Ag funds break out ($JO, $CUT, $CORN, $MOO); China ($FXI), Turkey ($TUR), Emerging Markets ($VWO, $EEM) soar
July 1, 2019

12:35 pm ET: Intraday support/resistance:
SPX 2951.1/2977.9
DTX 1042/1064.4
DJIA 26660/26890
Nasdaq 8050/8150
RUT 1561.2/1586.8
VIX 13.8/14.4 (falling VIX is bullish; VIX back under 15 means bulls are back in control--for now)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +76/-138 (moderately bullish but bears are still hanging around)

Coffee ($JO) rises above resistance; New Zealand ($ENZL) soars; Corn ($CORN), Wheat ($WEAT) plummet; Platinum ($PPLT) plows above first line of resistance; Transports continue to lead market rally
June 28, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2929/2941
DTX 1033.2/1049.4
DJIA 26520/26640
Nasdaq 7961/8010
RUT 1548.1/1571.9
VIX 15.65/16.15 (VIX over 15 means bears are in control)
Trin range: 0.95 - 1.35 (neutral to bearish)
Average VWAPs: +119/-64 (mildly bullish)

Cryptocurrencies tank ($GBTC, $ETCG ); Transports on the move
June 27, 2019

1:35 pm ET: Intraday support/resistance:
SPX 2918.6/2929.4
DTX 1019/1036
DJIA 26465/26605
Nasdaq 7935/7970
RUT 1518.9/1538.7
VIX 15.75/16.4 (VIX above 15 means bears are in control)
Trin range: 1.1 - 1.4 (bearish)
Average VWAPs: +110/-37 (mildly bullish; very little selling)

Transports ($DTX) buck the down trend, giving hope to a market reversal; Oil, Gas ($OIL, $UGA) power higher; Bitcoin ($GBTC) goes parabolic signaling caution
June 26, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2913.4/2932.6
DTX 1011/1020
DJIA 26540/26660
Nasdaq 7898/7974
RUT 1519.1/1530.1
VIX 15.65/16.65 (rising VIX is bearish; VIX above 15 means bears are in control)
Trin range: 0.65 - 0.85 (bullish)
Average VWAPs: +84/-103 (bull/bear battle)

Transports ($DTX) break recent support level; Gold rally takes a break ($GLD, $IAU; $GDX, $GDXJ); Ethereum ($ETCG) continues to plummet; Coffee (JO) perks up; New Zealand ($ENZL) breaks out to record high
June 25, 2019

12:30 pm ET: Intraday support/resistance:
SPX 2930/2946
DTX 1007.4/1019.4
DJIA 26600/26750
Nasdaq 7935/8005
RUT 1526.3/1533.7
VIX 15.25/16.05 (bears gaining control)
Trin range: 1.05 - 1.35 (bearish)
Average VWAPs: +67/-98 (bears with the edge; selling in tech, consumer discretionary, media)

Transports, Russell head lower while other major averages stall; Gold & Gold Miners continue to soar ($GLD, $IAU; $GDX, $GDXJ); Ethereum ($ETCG) tanks/Bitcoin ($GBTC) jumps; Greece ($GREK) breaks out/Middle East funds ($GULF, $KSA) break down; Int'l Bonds break out ($WIP, $ISHG)
June 24, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2948.1/2955.3
DTX 1024.5/1035.5
DJIA 26725/26805
Nasdaq 8017/8048
RUT 1538.3/1551.7
VIX 15.2/15.5 (a VIX close above 15 means bulls are losing control)
Trin range: 0.65 - 1.05 (bullish to neutral)
Average VWAPs: +53/-120 (mildly bearish)

*** The Stock Market Cook Book will not be reporting on Friday, June 21st. See you right back here on Monday--have a great Summer Solstice weekend! ***
June 21, 2019

S&P flirting with previous record high; Precious metals & miners ($GLD, $GDX/J, $SLV, $SIL), Aero&Defense ($PPA), Oil ($USO, $OIL) jump on Iran tensions; Greenback drops ($UUP)/Swissie ($FXF) breaks out; Uranium ($URA), Clean energy ($UCLN, $PBD, $FAN) break out; Global etfs rally lead by Russia ($RSX) & China ($FXI); Water hits new all-time highs ($PIO, $FIW)
June 20, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2931.4/2958.6
DTX 1034.6/1046.8
DJIA 26540/26800
Nasdaq 7992/8088
RUT 1554.7/1570.7
VIX 13.85/16.05 (a VIX close below 15 means bulls are regaining control)
Trin range: 0.75 - 0.95 (bullish to neutral)
Average VWAPs: +75/-136 (bears with edge)

Market quiet ahead of today's Fed rate decision (yawn!)
June 19, 2019

1:20 pm ET: Intraday support/resistance:
SPX 2913.1/2922.9
DTX 1025.2/1034.8
DJIA 26435/26545
Nasdaq 7927/7973
RUT 1546.3/1552.7
VIX 14.85/15.7 (teetering on the bull/bear fence)
Trin range: 0.9 - 1.2 (rising Trin is bearish)
Average VWAPs: +57/-81 (bull/bear seesaw)

Major averages, Chinese etfs ($FXI, $CAF) pop as China trade talks resume; Soaring bonds already pricing in a Fed rate cut expected tomorrow; Precious metals (GLD, SLV, PALL) rise pushing Gold ($GLD) to new yearly high; IPO etf ($IPO), Med. Devices ($IHI), Mr. Softee ($MSFT) move to all-time highs; Solar ($TAN), Alibaba ($BABA), Apple ($AAPL), Snapchat ($SNAP) break out
June 18, 2019

12:55 pm ET: Intraday support/resistance:
SPX 2905.4/2930.8
DTX 1019.4/1038.8
DJIA 26230/26525
Nasdaq 7912/8005
RUT 1532.8/1560.2
VIX 14.8/15.6 (falling VIX is bullish but a VIX close over 15 is bearish)
Trin range: 0.65 - 0.85 (falling Trin is bullish)
Average VWAPs: +69/-124 (bears now with the edge after early morning surge)

Soybeans ($SOYB), Corn ($CORN) continue to break to the upside; Euro funds drop
June 17, 2019

12:45 pm ET: Intraday support/resistance:
SPX 2887.3/2898.5
DTX 1022.3/1029.7
DJIA 26050/26170
Nasdaq 7813/7867
RUT 1523.3/1534.7
VIX 15.2/15.75 (VIX over 15 is overall bearish)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +93/-68 (bull/bear seesaw)

Coffee ($JO) rally on hold as price sinks below support; Semis ($SOXX, $SMH) drop on weak Broadcom ($AVGO) guidance; Aussie $ ($FXA) retests 3 1/2 year low; REITs ($VNQ, $IYR) showing signs of buying exhaustion
June 14, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2879.6/2888.4
DTX 1020.2/1034.8
DJIA 25990/26110
Nasdaq 7778/7811
RUT 1519.7/1535.3
VIX 15.5/16.3 (VIX over 15 is overall bearish)
Trin range: 0.95 - 1.45 (bearish)
Average VWAPs: +70/-92 (bull/bear battle)

Transports ($DTX) push above near term resistance and that's about it
June 13, 2019

1:10 pm ET: Intraday support/resistance:
SPX 2882/2896.2
DTX 1025.6/1036.4
DJIA 25995/26150
Nasdaq 7814/7852
RUT 1520.5/1536.5
VIX 15.6/16.0 (VIX over 15 is overall bearish)
Trin range: 0.75 - 1.1 (bullish to neutral)
Average VWAPs: +91/-47 (mildly bullish)

Oil ($OIL) moves back down; Argentina ($ARGT) pops/China ($FXI) drops; Staples ($XLP) suffers buying exhaustion
June 12, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2871.5/2888.5
DTX 1016.1/1028.9
DJIA 25960/26080
Nasdaq 7761/7819
RUT 1512.4/1521.6
VIX 15.8/16.4 (VIX over 15 is overall bearish)
Trin range: 0.85 - 1.2 (mildly bullish to mildly bearish)
Average VWAPs: +108/-70 (bull/bear battle)

Global funds rebound; Corn ($CORN) shoots up; Timber ($CUT) rises above first line of resistance
June 11, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2876.4/2910.6
DTX 1014/1034
DJIA 25970/26250
Nasdaq 7798/7910
RUT 1513.8/1536.2
VIX 15.5/16.85 (VIX over 15 is overall bearish)
Trin range: 0.6 - 1.1 (bullish to neutral)
Average VWAPs: +46/-215 (very bearish/contrarian; selling in tech (XLK) & Aero (PPA))

Cocoa ($NIB) breaks out; Precious metals & miners drop ($GLD, $SLV, $GDX, $SIL); Semis ($SOXX, $SMH), Gaming ($BJK), Retail ($RTH), Solar ($TAN) break out; Medical Devices ($IHI), Microsoft ($MSFT) notch record highs
June 10, 2019

1:35 pm ET: Intraday support/resistance:
SPX 2885.8/2909.2
DTX 1019.5/1038.5
DJIA 26090/26230
Nasdaq 7798/7912
RUT 1516.6/1541.4
VIX 16/16.3 (VIX over 15 is overall bearish)
Trin range: 0.9 - 1.0 (neutral)
Average VWAPs: +86/-93 (bull/bear battle)

Staples (XLP), REITs (VNQ) break out to new highs; Frontier Markets (FM) pushes above major resistance; S&P, Nasdaq break out; Treasuries (IEF, ITE), Int'l Bonds (EMB, VWOB, IGOV) break out to new highs; Silver (SLV) jumps
June 7, 2019

1:00 pm ET: Intraday support/resistance:
SPX 2852.9/2891.5
DTX 1010.4/1023.6
DJIA 25770/26170
Nasdaq 7648/7780
RUT 1504.7/1521.9
VIX 15.65/16.45 (VIX over 15 is overall bearish)
Trin range: 0.85 - 1.15 (neutral to mildly bearish)
Average VWAPs: +143/-39 (bullish)

Nat Gas (UNG) hits record low; Staples (XLP) retest previous high; Utes (XLU) continue to rally in otherwise fairly quiet trading session
June 6, 2019

1:00 pm ET: Intraday support/resistance:
SPX 2819.4/2835.6
DTX 1001.5/1015.5
DJIA 25520/25660
Nasdaq 7546/7594
RUT 1486.5/1508.5
VIX 15.45/16.55 (falling VIX is bullish but VIX over 15 is overall bearish)
Trin range: 0.75 - 0.95 (falling Trin is bullish)
Average VWAPs: +114/-71 (mildly bullish; rotation out of biotech/pharma and into software/internet/IT)

Aero & Defense (PPA), Insurance (KIE) notch all-time highs; Int'l Bonds breaking out to new yearly highs (IGOV, EMB, BNDX, VWOB); Utes (XLU) jumps while Oil (OIL, USO, FRAK) falls
June 5, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2801/2826
DTX 1009.7/1021.7
DJIA 25375/25555
Nasdaq 7498/7592
RUT 1494.1/1515.9
VIX 16.45/17.5 (falling VIX is bullish but VIX over 15 is overall bearish)
Trin range: 1.1 - 1.4 (bearish)
Average VWAPs: +165/-46 (moderately bullish)

Risk trade back on in massive, broad sector reversal; Bitcoin plummets (GBTC)
June 4, 2019

2:30 pm ET: Intraday support/resistance:
SPX 2762.6/2807.4
DTX 982.2/1012.8
DJIA 24965/25415
Nasdaq 7385/7585
RUT 1475.3/1511.3
VIX 17/18.45 (falling VIX is bullish but VIX over 15 is overall bearish)
Trin range: 0.6 - 1.0 (bullish)
Average VWAPs: +206/-54 (very bullish; risk trade back on)

Investors cashing out of tech as all FANG issues break support; Gold & Silver metals and miners jump (GLD, GDX, SLV, SIL); Global funds rally led by Russia (RSX); Int'l bonds break out (IGOV)
June 3, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2731/2763
DTX 969.9/988.1
DJIA 24665/24935
Nasdaq 7302/7458
RUT 1459.2/1476.8
VIX 18.15/19.65 (bearish)
Trin range: 0.65 - 0.9 (bullish (!))
Average VWAPs: +119/-176 (massive rotation out of hi-tech and into banks, financials, aero & defense)

Treasuries & Investment grade bonds soar (TLT, TLH, VCSH); Coffee perks up (JO); Gold miners etf (GDX) breaks out while Metals & Miners (XME) breaks down (?!); Steel (SLX), Oil (OIL, USO, BNO), Staples (XLP), Retail (RTH), Banks (KRE, KBE) break support; Yen jumps (FXY)
May 31, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2750.6/2769.4
DTX 972.2/987.8
DJIA 24790/25045
Nasdaq 7450/7520
RUT 1461.5/1478.5
VIX 17.65/19.45 (bearish)
Trin range: 0.65 - 0.95 (falling Trin is bullish)
Average VWAPs: +89/-82 (bull/bear battle)

Turkey & Greece move above resistance (TUR, GREK); Buying exhaustion in crypto funds (ETCG, GBTC); Corporate bonds continue to soar (LQD, SPLB, VCSH, IGSB)
May 30, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2776/2799
DTX 983.2/1000.8
DJIA 25080/25220
Nasdaq 7534/7596
RUT 1482.8/1500.6
VIX 16.7/18.1 (bearish)
Trin range: 0.9 - 1.15 (neutral to mildly bearish)
Average VWAPs: +44/-129 (mildly bearish)

Major averages break key support; Euro funds and REITs fall while Treasuries, Cryptos soar; Chinese internet search giant Baidu (BIDU) slumps to a 4 year low
May 29, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2766/2798
DTX 988/998
DJIA 24920/25230
Nasdaq 7504/7596
RUT 1481.4/1504.6
VIX 17.45/19.05 (very bearish)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +91/-80 (bull/bear battle)

Investment grade bonds break out to new highs (VGLT, TLT, BND, LQD); Cryptos jump (ETCG, GBTC); Silver breaks support (SLV, PSLV); Ag commodities slice above resistance (SOYB, JO, WEAT)
May 28, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2819.5/2840.5
DTX 1003.6/1016.4
DJIA 25500/25720
Nasdaq 7636/7694
RUT 1507.8/1520.2
VIX 15.9/16.7 (bearish)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +43/-132 (bearish)

May 24, 2019: ***Let us never forget the members of our armed forces who have bravely served our country fighting for our freedoms. Have a happy and safe Memorial Day!***



















Global funds rally led by India (EPI, PIN, INDY); Major averages try to hang on in light pre-holiday trading
May 24, 2019

12:55 pm ET: Intraday support/resistance:
SPX 2811.8/2841.4
DTX 1002.4/1024.2
DJIA 25430/25670
Nasdaq 7612/7694
RUT 1501.5/1516.7
VIX 15.5/16.7 (falling VIX is bullish but a VIX close over 15 means bears are in control)
Trin range: 1.2 - 1.65 (very bearish/contrarian)
Average VWAPs: +66/-75 (bull/bear seesaw on light holiday trading)

Oil (OIL, USO, BNO), Oil explorers/producers (XOP) break down pushing the Commodity Index (DBC) below support; Banks (KRE, KBE), Retail (XRT), Materials (XLB), Social Media (SOCL), Shipping (SEA) break down; China tech giant (BABA, KWEB, TCEHY) breakdowns help tank China etfs; Volatility heats up
May 23, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2791.5/2838.8
DTX 1004.9/1027.9
DJIA 25290/25660
Nasdaq 7575/7665
RUT 1490/1525
VIX 16.4/18.6 (rising VIX is bearish; a VIX close over 15 means bears are back in control)
Trin range: 0.6 - 0.9 (falling Trin is bullish (!))
Average VWAPs: +54/-113 (mildly bearish)

Oil services (XES, OIH), Copper (JJC, COPX) break down
May 22, 2019

1:25 pm ET: Intraday support/resistance:
SPX 2848.6/2865.4
DTX 1031/1049
DJIA 25730/25880
Nasdaq 7734/7786
RUT 1528.6/1542.6
VIX 14.6/15.3 (VIX sitting on bull/bear fence)
Trin range: 0.95 - 1.2 (neutral to mildly bearish)
Average VWAPs: +52/-112 (bears currently with the edge)

Ag commodities rally as Cocoa (NIB) tops major resistance; Utes (XLU) hits a new record high; Yen (FXY) falls
May 21, 2019

2:30 pm ET: Intraday support/resistance:
SPX 2854/2875.2
DTX 1049.2/1057.6
DJIA 25780/25880
Nasdaq 7753/7817
RUT 1529.8/1550.2
VIX 14.8/15.45 (falling VIX is bullish; a VIX close under 15 means bears are losing control)
Trin range: 0.8 - 1.2 (neutral)
Average VWAPs: +125/-54 (moderately bullish)

Timber (CUT) falls below support; Semis (SOXX, SMH), Tech (XLK), China FANGs (TCEHY, BABA, KWEB) tumble on China trade/Huawei ban; India funds soar (INDY, EPI, PIN, IFN)
May 20, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2832.1/2861.7
DTX 1038.9/1053.9
DJIA 25560/25810
Nasdaq 7678/7766
RUT 1521.6/1536.7
VIX 15.45/17.65 (still sitting on the bull/bear fence; a VIX close under 15 means bears are losing control)
Trin range: 0.7 - 1.0 (bullish to neutral)
Average VWAPs: +99/-76 (bull/bear battle)

Platinum (PPLT) breaks down; Silver (SLV) tests support; Lithium (LIT) sinks to test recent low; S. Korea (EWY), Tesla (TSLA) fall to 2 1/2 year lows
May 17, 2019

1:20 pm ET: Intraday support/resistance:
SPX 2854.2/2888.4
DTX 1047/1063
DJIA 25680/25970
Nasdaq 7821/7919
RUT 1537.4/1557.6
VIX 14.45/16.6 (on the bull/bear fence; a VIX close under 15 means bears are losing control)
Trin range: 0.65 - 1.15 (bullish to neutral)
Average VWAPs: +108/-52 (bulls with the edge)

Moly (GMO) breaks resistance as it continues to soar; Precious metals fall; Staples (XLP), REITs (IYR, VNQ) hit new highs; Aussie $ (FXA) continues to sink
May 16, 2019

12:55 pm ET: Intraday support/resistance:
SPX 2855.8/2900
DTX 1049.3/1071.3
DJIA 25690/26060
Nasdaq 7829/7951
RUT 1548.5/1569.5
VIX 14.9/16.2 (falling VIX is bullish; a VIX close under 15 means bears are losing control)
Trin range: 0.9 - 1.2 (neutral to mildly bearish)
Average VWAPs: +93/-60 (bulls with the edge)

Risk-on mood boosts FANG stocks (FB, AMZN, AAPL, NFLX, GOOGL); Moly (GMO) jumps; Treasuries continue to climb
May 15, 2019

12:55 pm ET: Intraday support/resistance:
SPX 2815.1/2859.9
DTX 1033.2/1052.4
DJIA 25340/25710
Nasdaq 7682/7852
RUT 1529.4/1554.6
VIX 16.35/19.15 (falling VIX is bullish but VIX above 15 is bearish overall)
Trin range: 0.7 - 1.1 (bullish to neutral)
Average VWAPs: +121/-50 (mildly bullish)

Market rebounds as volatility cools off; Depressed ag commodities get a boost (SOYB, CORN, WEAT)
May 14, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2820/2853
DTX 1032.8/1053.2
DJIA 25385/25715
Nasdaq 7665/7797
RUT 1523.8/1550.2
VIX 17.35/19.15 (falling VIX is bullish but VIX above 15 is bearish overall)
Trin range: 0.65 - 0.8 (falling Trin is bullish)
Average VWAPs: +176/-48 (bullish)

Major averages and most sector etfs break support levels on trade tariff tensions; Flight to safety as gold, treasuries, utilities rise; Bitcoin (GBTC) soars; Tesla (TSLA) drops to 2 year low; Aussie $ (FXA), Chinese Yuan (CYB) break down while Swissie (FXF), Yen (FXY) break out
May 13, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2887/2840.2
DTX 1017.1/1042.9
DJIA 25130/25570
Nasdaq 7589/7761
RUT 1517.5/1571.5
VIX 19.3/21.7 (bearish)
Trin range: 0.9 - 1.2 (neutral to bearish; bears still have a lot of room to run)
Average VWAPs: +60/-137 (moderately bearish)

Bitcoin (GBTC) continues to rally after topping resistance; Corn (CORN), Wheat (WEAT) continue to slide to new all-time lows (depressing!); Volatility sinks as major averages firm up
May 10, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2825.4/2867.6
DTX 1037.3/1060.7
DJIA 25490/26830
Nasdaq 7760/7905.2
RUT 1546.1/1569.9
VIX 17.2/20.2 (falling VIX is bullish but VIX over 15 is bearish overall)
Trin range: 1.0 - 1.4 (bearish)
Average VWAPs: +252/-46 (extremely bullish/contrarian)

Bitcoin (GBTC) tops major resistance; Timber (CUT) breaks support; Major averages test major support levels as volatility spikes
May 9, 2019

1:55 pm ET: Intraday support/resistance:
SPX 2836.4/2875.6
DTX 1048.4/1064.8
DJIA 25515/26035
Nasdaq 7796/7944
RUT 1546.9/1573.3
VIX 17.9/23.4 (very bearish)
Trin range: 0.95 - 1.35 (bearish)
Average VWAPs: +260/-42 (extremely bullish/contrarian)

Markets firm up but volatility remains elevated; Coal (KOL), Greece (GREK) break support
May 8, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2873.2/2997.7
DTX 1062.8/1075.6
DJIA 25890/26110
Nasdaq 7923/8007
RUT 1576.3/1587.7
VIX 18.25/20.75 (bearish)
Trin range: 0.65 - 1.1 (falling Trin is bullish)
Average VWAPs: +149/-61 (bullish)

Dow, Transports, S&P break support/Volatility soars as bears take over; Coffee (JO) falls to another record low; Tech/FANG/Semis/Biotech feeling the most pain; Bitcoin (GBTC) testing resistance; Treasuries rise in a flight to quality
May 7, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2867/2913
DTX 1051.4/1084.8
DJIA 25825/26275
Nasdaq 7907/8071
RUT 1575.5/1611.5
VIX 17.2/21.9 (bearish)
Trin range: 1.05 - 1.4 (bearish, but there's still some room for more downside)
Average VWAPs: +32/-218 (very bearish)

Soybeans (SOYB) sink to another new low; Materials (XLB), Emerging Markets (DGS, EEM, VWO) break first lines of support; Volatility jumps
May 6, 2019

1:55 pm ET: Intraday support/resistance:
SPX 2899.2/2934.8
DTX 1075.8/1101.8
DJIA 26050/26400
Nasdaq 7982/8138
RUT 1588.8/1615.6
VIX 14.65/17.85 (rising VIX is bearish; a VIX close over 15 means bears are taking up the reins)
Trin range: 0.8 - 1.4 (neutral to bearish)
Average VWAPs: +136/-52 (mildly bullish)

MercadoLibre's (MELI) blow-out earnings pushes Argentina fund (ARGT) up 8%; Russell 2000 ($RUT) moves above major resistance; Water (PIO, FIW) flows to new all-time highs
May 3, 2019

1:00 pm ET: Intraday support/resistance:
SPX 2929.2/2945.8
DTX 1082.3/1101.1
DJIA 26370/26570
Nasdaq 8085/8164
RUT 1584/1611
VIX 12.65/13.55 (falling VIX is bullish)
Trin range: 1.0 - 1.25 (neutral to bearish (!))
Average VWAPs: +112/-68 (mildly bullish but bears are still in the picture)

Precious metals (DBP), Junior Gold Miners (GDXJ), Oil (OIL, USO, FRAK), Uranium (URA) break support; Treasuries tank; Volatility rises
May 2, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2900.5/2934.5
DTX 1063.4/1086.6
DJIA 26180/26480
Nasdaq 7977/8103
RUT 1566.5/1588.5
VIX 13.95/15.95 (rising VIX is bearish; a VIX close over 15 means bears are gaining control)
Trin range: 0.95 - 1.35 (bearish)
Average VWAPs: +113/-97 (bull/bear battle; rotation out of software, communications, oil & gas explorers/producers and into heavy machinery and trucking (industrials))

Tech giants Alibaba (BABA), Apple (AAPL) stage strong break-outs; Lithium (LIT), Silver (SLV), Gold miners (GDX), Metals & Miners (XME) fail support; Tech (XLK), IT (VGT), Aero & Defense (PPA) hit record highs; Junk bonds (JNK, HYG) sink
May 1, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2940.9/2954.1
DTX 1066.6/1083.4
DJIA 26550/26690
Nasdaq 8099/8146
RUT 1581.9/1595.9
VIX 13/13.7 (bullish)
Trin range: 0.85 - 1.2 (neutral to mildly bearish)
Average VWAPs: +85/-109 (mildly bearish)

Microsoft joins the $1 Trillion market-cap club; Consumer Staples (XLP) breaks out to a record high; Soybeans (SOYB), Wheat (WEAT) slide to fresh all-time lows; Alphabet (GOOGL) drops 8% on disappointing earnings
April 30, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2924.1/2946.3
DTX 1071.3/1084.7
DJIA 26420/26635
Nasdaq 8050/8140
RUT 1580.9/1605.1
VIX 12.75/14.05 (rising Trin is bearish but VIX under 15 is overall bullish)
Trin range: 0.85 - 1.05 (falling Trin is bullish)
Average VWAPs: +132/-68 (moderately bullish)

S&P, Nasdaq, Alphabet (GOOGL), Internet (FDN), Insurance (KIE), Water (FIW, PHO) notch all-time highs; Russell 2000 ($RUT), Financials (XLF), Broker-Dealers (IAI) top resistance
April 29, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2939.4/2950.6
DTX 1077.4/1088.3
DJIA 26520/26590
Nasdaq 8061/8137
RUT 1591.9/1604.1
VIX 12.65/13.05 (bullish)
Trin range: 1.0 - 1.2 (neutral to mildly bearish; neutral Trin gives bulls more room to run)
Average VWAPs: +89/-71 (bull/bear seesaw)

Good economic news pushes bonds higher; Software etfs hit record highs (PSJ, HACK); Oil breaks first line of support (OIL, USO, FRAK)
April 26, 2019

1:10 pm ET: Intraday support/resistance:
SPX 2917.6/2933.4
DTX 1080.2/1093.6
DJIA 26395/26535
Nasdaq 8061/8137
RUT 1574/1590
VIX 12.2/13.3 (bullish)
Trin range: 1.0 - 1.2 (rising Trin is bearish)
Average VWAPs: +109/-67 (mildly bullish)

Tesla (TSLA) breaks major support on negative earnings report while Facebook (FB) tops major resistance on much better than expected earnings
April 25, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2912.8/2933.8
DTX 1083.6/1103.8
DJIA 26310/26560
Nasdaq 8075/8161
RUT 1565.5/1589.5
VIX 12.7/14.3 (bullish)
Trin range: 0.7 - 0.95 (falling Trin is bullish)
Average VWAPs: +134/-84 (bulls with the edge)

Transports top resistance giving bulls more room to run; N. Zealand Dollar ($NZD) breaks out; Euro (FXE) slides to 2 year low; Treasuries, Investment grade bonds jump (VGLT, TLT, BND); Global funds take a breather
April 24, 2019

2:35 pm ET: Intraday support/resistance:
SPX 2926.1/2936.8
DTX 1100.7/1116.1
DJIA 26570/26680
Nasdaq 8104/8140
RUT 1583.2/1594
VIX 12.35/13.25 (bullish)
Trin range: 1.25 - 1.6 (bearish/contrarian)
Average VWAPs: +94/-105 (bull/bear battle)

Rally continues as S&P, Nasdaq retest record highs; Twitter (TWTR) jumps on much better than expected earnings, pushing social media funds above resistance (SOCL, FDN, PNQI); Tech (XLK), IT (VGT), Consumer Discretionary (XLY) also notching record highs; USD (UUP) hits 2 year high; Gold & Silver metals/miners fail support (GLD, GDX; SLV, SIL)
April 23, 2019

1:55 pm ET: Intraday support/resistance:
SPX 2908.5/2938.5
DTX 1095.3/1103.3
DJIA 26510/26740
Nasdaq 8024/8134
RUT 1560.5/1589.5
VIX 12.05/12.4 (very bullish)
Trin range: 1.0 - 1.3 (rising Trin is bearish)
Average VWAPs: +167/-41 (very bullish)

FANG names push Tech (XLK) to record high; Corn (CORN) breaking down to all-time low; Oil breaks out (BNO, OIL, USO, FRAK); Swissie (FXF) slides to multi-year low; India funds plunge (INDY, PIN, EPI)
April 22, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2896.4/2910.2
DTX 1091.8/1104.8
DJIA 26460/26560
Nasdaq 7967/8023
RUT 1556.2/1565.2
VIX 12.55/13.35 (bullish)
Trin range: 0.65 - 0.8 (bullish)
Average VWAPs: +107/-86 (rotation out of healthcare (XLV) and into tech (XLK))

***The Stock Market Cook Book is on vacation and will return Monday, April 22. Hoppy Easter! ***
April 13 - April 21, 2019

Major indices pop amid lots of breakouts: Europe (EWO, EWG, EWK, EWQ), Oil/gas explorers (XOP), Insurance (KIE); Hitting record highs: Semis (SOXX), Consumer Discretionary (XLY); Banks and Financials jump (XLF, KRE, KBE); Treasuries (IEI, ITE, IEF, VGLT) tumble
April 12, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2898.4/2910.6
DTX 1082.1/1091.9
DJIA 26305/26435
Nasdaq 7952/7992
RUT 1580.2/1589.8
VIX 12.05/12.65 (falling VIX is bullish but VIX getting near 12 and below is becoming contrarian (but VIX can remain very low for a long time))
Trin range: 0.8 - 1.05 (neutral)
Average VWAPs: +90/-97 (bull/bear battle on lighter than normal volume)

Coffee (JO) continues to slide to another record low; Steel (SLX) breaks first line of resistance; Healthcare/Pharma/Biotech sink (XLV, PJP, IBB); Greece (GREK) breaks out; Malaysia (EWM) breaks next level of support
April 11, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2882/2893.4
DTX 1070.4/1081.6
DJIA 26050/26230
Nasdaq 7939/7975
RUT 1576.3/1583.7
VIX 12.9/13.5 (bullish)
Trin range: 1.1 - 1.6 (very bearish/contrarian)
Average VWAPs: +70/-99 (bull/bear battle)

Commodity Index (DBC), Junk Bonds (HYG, JNK) break out; Chinese internet giant Tencent (TCEHY) also breaking out on heavy volume
April 10, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2879.1/2887.5
DTX 1060.2/1069.6
DJIA 26070/26210
Nasdaq 7917/7958
RUT 1560/1581.8
VIX 13.7/14.3 (VIX under 15 is bullish overall)
Trin range: 1.1 - 1.5 (very bearish/contrarian)
Average VWAPs: +86/-68 (bull/bear battle)

Market takes a breather in low volume trading; Honestly, there's nothing going on worth reporting
April 9, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2875.9/2886.9
DTX 1060.8/1071
DJIA 26095/26245
Nasdaq 7910/7946
RUT 1565.5/1577.5
VIX 13.5/14.3 (rising VIX is bearish but VIX under 15 is bullish overall)
Trin range: 0.8 - 1.1 (rising Trin is bearish)
Average VWAPs: +46/-85 (low volume trading; bulls with a slight edge at the moment)

Oil (OIL, BNO) tops resistance; Bitcoin (GBTC) continues to rise; Mexico (EWW), Apple (AAPL) break out
April 8, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2880.8/2893.2
DTX 1068.4/1075
DJIA 26245/26355
Nasdaq 7892/7953
RUT 1571.2/1584.4
VIX 13.15/13.75 (rising VIX is bearish but this now leaves the bulls with more room to run)
Trin range: 0.5 - 0.75 (very bullish to contrarian)
Average VWAPs: +115/-44 (moderately bullish)

Hong Kong (EWH) notches record high; Emerging Markets on the move (PXH, EEM, VWO); Bottoming volatility could put a short-term damper on further upside movement
April 5, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2883/2893.8
DTX 1069.4/1078.6
DJIA 26330/26490
Nasdaq 7909/7943
RUT 1568.2/1583.4
VIX 12.7/13.3 (falling VIX is bullish but VIX nearing 12 is becoming contrarian)
Trin range: 0.85 - 1.1 (neutral)
Average VWAPs: +63/-75 (bull/bear seesaw)

Golden Cross forming in Platinum (PPLT); Homebuilders break out (XHB); Cyber security tumbles (HACK, CBR); Tesla (TSLA) tanks on much lower deliveries
April 4, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2867.1/2882.9
DTX 1061.9/1074.1
DJIA 26210/26390
Nasdaq 7844/7918
RUT 1558.4/1567.6
VIX 13.35/14.05 (VIX below 15 is bullish overall)
Trin range: 0.65 - 1.2 (falling Trin is bullish)
Average VWAPs: +86/-79 (bull/bear battle)

Bitcoin (GBTC) tops first level of resistance on heavy volume; Water (FIW, PIO) at record highs; Semis (SMH, SOXX), Gaming (BJK), Materials (XLB), Belgium (EWK) break out; Long term Treasuries & Corp. bonds tumble (TLT, TLH, VGLT)
April 3, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2869.1/2885.3
DTX 1063.6/1076.4
DJIA 26150/26280
Nasdaq 7882/7938
RUT 1554.9/1569.1
VIX 13.05/14.15 (rising ViX is bearish but VIX below 15 is bullish overall)
Trin range: 0.8 - 1.2 (rising Trin is bearish)
Average VWAPs: +43/-123 (moderately bearish)

Five day market rally takes a rest; Oil (OIL, USO) up again; Bitcoin (GBTC) popping 12% on heavy volume on no news
April 2, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2858.4/2872.6
DTX 1058.3/1070.1
DJIA 26115/26220
Nasdaq 7811/7849
RUT 1543.9/1556.1
VIX 13.2/13.7 (very bullish)
Trin range: 0.7 - 0.95 (bullish)
Average VWAPs: +105/-67 (bulls with the edge)

Bulls extend gains as treasuries plummet; Coffee (JO) grinds to yet another record low; Oil (OIL, USO) continues to march higher; Chinese funds (FNI, CHN) pop; Steel (SLX), Consumer Discretionary (XLY) top resistance
April 1, 2019

1:10 pm ET: Intraday support/resistance:
SPX 2848.6/2865.4
DTX 1043.3/1067.7
DJIA 26070/26260
Nasdaq 7777/7825
RUT 1542.9/1559.1
VIX 13.55/14.0 (very bullish)
Trin range: 0.8 - 1.0 (bullish to neutral)
Average VWAPs: +106/-88 (bull/bear battle)

Bulls slip back into the drivers' seat but for how long? Copper pops (COPX, JJC)
March 29, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2818.8/2832.4
DTX 1035.8/1047.6
DJIA 25770/25900
Nasdaq 7689/7731
RUT 1532.2/1547
VIX 13.7/14.3 (bullish)
Trin range: 0.75 - 1.05 (bullish to neutral)
Average VWAPs: +79/-73 (bull/bear battle)

Precious metals & miners plunge (GLD, SLV, PPLT, GDX); N. Zealand (ENZL) notches record high while Brazil (BRF) breaks down; Long-term bonds continue to climb (TLT, TLH, VGLT)
March 28, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2796.7/2819.7
DTX 1019.6/1032.4
DJIA 25560/25740
Nasdaq 7608/7689
RUT 1516.8/1536.4
VIX 14.2/15.6 (still sitting on the bull/bear fence)
Trin range: 0.9 - 1.25 (neutral to bearish)
Average VWAPs: +94/-53 (bulls with the edge)

Bulls fight back but are losing ground mid-day; Utes (XLU) notch another new high
March 26, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2810/2830
DTX 1003.2/1011.8
DJIA 25575/25795
Nasdaq 7665/7738
RUT 1513.1/1535.9
VIX 14.75/15.75 (falling VIX is bullish but a VIX close over 15 means bears are gaining control)
Trin range: 0.9 - 1.2 (neutral)
Average VWAPs: +45/-126 (bearish; buying in Biotech/Healthcare/Pharma (IBB, XLV, PJP), Consumer Discretionary (XLY), and Regional Banks (KRE))

S&P, Industrials break near-term support; Treasuries & Investment Grade Bonds continue to soar (TLT, LQD, BND); N. Zealand (ENZL) inches to record high; Volatility continues to rise
March 25, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2781.4/2809.8
DTX 1001.1/1012.3
DJIA 25365/25605
Nasdaq 7578/7662
RUT 1494.5/1520.5
VIX 16.25/18.25 (soaring VIX is very bearish; VIX over 15 means bears are gaining control)
Trin range: 0.75 - 1.25 (falling Trin is bullish)
Average VWAPs: +52/-96 (bears with the edge)

Bears storm back as market sharply reverses course; Treasuries & Investment Grade Bonds break major resistance (TLT, LQD, BND); Utes (XLU) notch record high; Coffee (JO) slides to record low; Financials & Banks plummet (XLF, KRE, KBE)
March 22, 2019

1:00 pm ET: Intraday support/resistance:
SPX 2798.7/2846.3
DTX 1003.6/1026.2
DJIA 25465/25875
Nasdaq 7642/7818
RUT 1508/1562
VIX 14.05/17.55 (soaring VIX is very bearish; VIX over 15 means bears are gaining control)
Trin range: 1.1 - 1.5 (bearish)
Average VWAPs: +28/-208 (very bearish)

Bulls charge back pushing S&P, Nasdaq over resistance; Semis (SOXX, SMH), Tech/Internet (XLK, FDN, PNQI) soar as Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL), Nvidia (NVDA) break out; Consumer Discretionary (XLY), Retail (RTH) move above resistance
March 21, 2019

2:25 pm ET: Intraday support/resistance:
SPX 2818.5/2861.8
DTX 1010.5/1029.1
DJIA 25670/26060
Nasdaq 7705/7865
RUT 1538.4/1576.6
VIX 13.05/14.25 (fallng VIX is bullish)
Trin range: 1.2 - 1.85 (extremely bearish/very contrarian (meaning very bullish))
Average VWAPs: +171/-39 (very bullish)

Coffee (JO) hits all-time low; Drop in Transports may be an early sign that bears are stepping back in
March 20, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2809.9/2831.3
DTX 1005.9/1021.3
DJIA 25670/25870
Nasdaq 7674/7731
RUT 1535.4/1557
VIX 13.7/14.3 (rising VIX is bullish but VIX below 15 means bulls are still in control)
Trin range: 0.8 - 1.1 (rising Trin is bearish with much more room to run)
Average VWAPs: +61/-90 (bears with the edge; selling in healthcare, medical devices, restaurants)

Buying pressure drying up as bulls lose steam; Cloud Computing (SKYY) at record high; Euro etfs continue in rally mode; Amazon (AMZN) breaks out
March 19, 2019

2:30 pm ET: Intraday support/resistance:
SPX 2832.6/2852.4
DTX 1029/1045.4
DJIA 25890/26110
Nasdaq 7722/7768
RUT 1559.1/1570.7
VIX 12.45/13.65 (bullish)
Trin range: 0.5 - 0.7 (very bullish/contrarian)
Average VWAPs: +96/-100 (bull/bear battle)

Transports rally adding strength to the bulls; Palladium (PALL) at another record high; Sugar (SGG), Russia (RSX) jump
March 18, 2019

2:05 pm ET: Intraday support/resistance:
SPX 2819.6/2835.4
DTX 1031/1042
DJIA 25785/25915
Nasdaq 7672/7738
RUT 1551/1569
VIX 12.7/13.8 (bullish)
Trin range: 0.8 - 1.0 (falling Trin is bullish)
Average VWAPs: +77/-103 (rotation out of healthcare, medical device makers, REITs and into rails and trucking)

Nasdaq, S&P, Tech (XLK) break out; Mister Softee (MSFT) hits record high/Apple (AAPL) breaks out; Europe etfs (FEZ, EWD, EFA, VGK, EWQ, EWI) push above resistance; India continues to soar
March 15, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2810.8/2833.2
DTX 1034.2/1041.8
DJIA 25650/25970
Nasdaq 7652/7728
RUT 1550.5/1567.3
VIX 12.2/13.2 (falling VIX is bullish)
Trin range: 0.95 - 1.3 (rising Trin is bearish)
Average VWAPs: +104/-81 (bull/bear battle)

Greece (GREK), UK (EWU) inch over resistance; SNAP pops on analyst upgrade
March 14, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2803/2814
DTX 1028.2/1040.8
DJIA 25620/25780
Nasdaq 7627/7553
RUT 1550.3/1564.3
VIX 13.2/14.0 (bullish)
Trin range: 0.75 - 1.05 (bullish)
Average VWAPs: +52/-78 (bull/bear seesaw)

Tech (XLK), Staples (XLP), Peru (EPU) move above resistance; Utes (XLU) continue to soar
March 13, 2019

1:40 pm ET: Intraday support/resistance:
SPX 2799.8/2822.4
DTX 1029.5/1049.3
DJIA 25635/25785
Nasdaq 7620/7676
RUT 1550.3/1564.3
VIX 13.25/13.75 (falling VIX is bullish; VIX below 15 means bulls are back in the driver's seat)
Trin range: 0.75 - 0.95 (bullish)
Average VWAPs: +106/-47 (mildly bullish)

Wheat (WEAT) finally attracts buyers; Utes (XLU) continue to soar; Bonds rally as widely held bond funds LQD, BND rise above resistance; India etfs stage next break out (PIN, INDY, IFN); Google (GOOGL), REITs (VNQ, IYR), Comm (VOX) also topping resistance
March 12, 2019

1:55 pm ET: Intraday support/resistance:
SPX 2786.9/2800.1
DTX 1022.8/1034.4
DJIA 25505/25675
Nasdaq 7560/7624
RUT 1545.5/1557.5
VIX 13.3/14.3 (falling VIX is bullish; VIX below 15 means bulls are back in the driver's seat)
Trin range: 0.55 - 0.9 (very bullish/contrarian)
Average VWAPs: +132/-40 (bullish)

Sharp broad global rebound led by China, India, and Tech; Wheat (WEAT) continues to hit record lows; Utes (XLU) notch another record high
March 11, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2747.6/2786.6
DTX 1009.8/1030.8
DJIA 25210/25655
Nasdaq 7442.7/7572.7
RUT 1522.8/1547.2
VIX 14.3/15.95 (falling VIX is bullish)
Trin range: 0.8 - 1.05 (falling Trin is bullish; this Trin level gives the bulls more room to run)
Average VWAPs: +136/-36 (bullish)

Wheat (WEAT) continues to self-destruct; Utes (XLU) hit record high; Banks (KRE, KBE) break support; Dollar (UUP) jumps as Swissie (FXF), Euro (FXE) violate multi-year support; Bonds jump
March 7, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2742/2768
DTX 1011.4/1024.9
DJIA 25355/25645
Nasdaq 7411/7489
RUT 1522.5/1539.5
VIX 15.2/17.8 (VIX rising back over 15 means bears are regaining control)
Trin range: 0.95 - 1.15 (neutral)
Average VWAPs: +54/-84 (bears with the edge)

Ag commodities fall as Wheat (WEAT) slumps to another new low; Aussie $ (FXA), Loonie (FXC) break support; Healthcare (XLV), Pharma (PJP), Biotech (IBB), Solar (TAN) tumble; Brazil (EWZ, BRF) breaks down
March 6, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2769.5/2792.5
DTX 1024.4/1034.6
DJIA 25620/25840
Nasdaq 7493/7579
RUT 1540.4/1572.2
VIX 14.4/16.1 (VIX back on the bull/bear fence)
Trin range: 1.0 - 1.3 (neutral to bearish)
Average VWAPs: +54/-107 (mildly bearish)

India (EPI, FNI, PIN) jumps; China stocks rally with tech giants Tencent (TCEHY) and Chinese Internet etf (KWEB) breaking out
March 5, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2783/2796.6
DTX 1033.8/1042.2
DJIA 25725/25875
Nasdaq 7544/7606
RUT 1567.7/1577.3
VIX 14.1/15.4 (VIX back on the bull/bear fence)
Trin range: 0.75 - 1.05 (bullish to neutral)
Average VWAPs: +109/-69 (mildly bullish)

Bulls get slapped after opening rally but bearish influence may be short-lived
March 4, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2767.7/2816.9
DTX 1033.6/1056.4
DJIA 25595/25875
Nasdaq 7498/7644
RUT 1562.4/1594.2
VIX 13.35/17.0 (rising VIX is bearish; VIX close over 15 means bears are regaining control)
Trin range: 0.9 - 1.45 (bearish to mildly contrarian)
Average VWAPs: +61/-159 (bearish)

Wheat (WEAT), Grains (JJG, GRU) slides to another new low; Belgium (EWK) breaks out; Bonds bomb; Gold (GLD, IAU) breaks first line of support; Medical Devices (IHI) moves to record high
March 1, 2019

1:25 pm ET: Intraday support/resistance:
SPX 2786/2808
DTX 1040.7/1054.9
DJIA 25855/26145
Nasdaq 7541/7599
RUT 1575.4/1588.6
VIX 13.75/14.85 (falling VIX is bullish; VIX under 15 means bulls are in control)
Trin range: 0.85 - 1.1 (neutral)
Average VWAPs: +108/-91 (bull/bear battle)

Wheat (WEAT) slides to another new low; Spain (EWP), Italy (EWI) break out; Booking (BKNG, aka Priceline) plummets 10% on unexpected booking drop-offs
February 28, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2783.4/2796.6
DTX 1042.5/1049.5
DJIA 25900/26030
Nasdaq 7516/7566
RUT 1571.3/1583.7
VIX 14.3/15.1 (a VIX close under 15 is bullish)
Trin range: 0.85 - 1.15 (neutral)
Average VWAPs: +110/-59 (mildly bullish)

Merger mania causes massive rally in biotechs (FBT, IBB, BBH)
February 27, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2775.1/2799.7
DTX 1043.2/1057.2
DJIA 25875/26085
Nasdaq 7485/7565
RUT 1570.6/1584
VIX 14.55/16.2 (rising VIX is bearish but a VIX close under 15 is bullish)
Trin range: 0.75 - 0.95 (bullish to neutral)
Average VWAPs: +122/-65 (mildly bullish)

Coffee (JO), Wheat (WEAT) slump to new record lows; Palladium (SPPP, PALL) continues higher; Brit Pound (FXB) pops
February 26, 2019

1:25 pm ET: Intraday support/resistance:
SPX 2789.5/2804.9
DTX 1056/1063
DJIA 25965/26145
Nasdaq 7524/7571
RUT 1579.6/1589.8
VIX 14.35/15.25 (rising VIX is bearish but a VIX close under 15 is bullish)
Trin range: 0.75 - 1.0 (bullish to neutral)
Average VWAPs: +75/-93 (bull/bear tug of war)

China soars on trade talks; Palladium (SPPP, PALL) continues to defy gravity; Wheat (WEAT) slumps to another record low; Traders lock in gains after opening pop
February 25, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2797.1/2813.5
DTX 1058.7/1067.3
DJIA 26100/26240
Nasdaq 7551/7603
RUT 1590.9/1602.1
VIX 13.45/14.7 (bullish)
Trin range: 0.75 - 0.95 (bullish)
Average VWAPs: +72/-106 (bull/bear tug of war)

Coffee (JO) grinds to new yearly low; Bonds, Precious metals (GLD, SLV) drop
February 21, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2769.6/2781.6
DTX 1061.6/1068.5
DJIA 25825/25935
Nasdaq 7431/7486
RUT 1572.8/1581.3
VIX 13.9/15.1 (VIX falling under 15 means the bulls are regaining control)
Trin range: 0.95 - 1.1 (neutral)
Average VWAPs: +79/-92 (bull/bear seesaw)

Precious metals & miners soar; Copper (JJC) breaks out; Water (PHO) notches record high; Wheat (WEAT) showing signs of putting in a bottom; Global funds rally with Belgium, Hong Kong (EWK, EWH) topping resistance
February 20, 2019

12:25 pm ET: Intraday support/resistance:
SPX 2777.5/2787.5
DTX 1057.5/1063.5
DJIA 25870/25950
Nasdaq 7488/7514
RUT 1573.4/1581.6
VIX 14.05/14.95 (VIX falling under 15 means the bulls are regaining control)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +57/-114 (bears gaining strength)

Precious metals & miners shatter resistance (GLD, GDX, GDXJ, SILJ, COPX); Palladium jumps to another record high (PALL, SPPP); Bitcoin (GBTC) perks up, popping 15%; USD (UUP) falls against other major currencies; Major averages continue to melt up
February 19, 2019

2:05 pm ET: Intraday support/resistance:
SPX 27567.3/2787.7
DTX 1050.9/1071.1
DJIA 25820/25960
Nasdaq 7450/7515
RUT 1564.8/1579.2
VIX 14.55/16.15 (a VIX close under 15 is bullish)
Trin range: 0.8 - 1.05 (falling Trin is bullish)
Average VWAPs: +88/-97 (bull/bear battle; selling in healthcare and biotech)

Bullish shoots popping up as volatility (VIX) falls into bull territory; Retail (XRT), Commodity Index (DBC), Healthcare (XLV), Pharma (PJP) top resistance; REITs (VNQ, IYR) move to new yearly highs
February 15, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2757.8/2773
DTX 1049.7/1061.3
DJIA 25565/25905
Nasdaq 7433/7477
RUT 1547.1/1578.9
VIX 14.65/15.65 (falling VIX is bullish; a VIX close under 15 is bullish)
Trin range: 1.05 - 1.35 (rising Trin is bearish)
Average VWAPs: +78/-75 (bull/bear battle)

Coffee (JO) retests record low; Wheat (WEAT) retests yearly low; Healthcare (XLV) continues to rally while Banks & Financials (KRE, KBE, XLF) take a breather
February 14, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2731.2/2762.8
DTX 1042.7/1056.7
DJIA 25310/25555
Nasdaq 7376/7454
RUT 1534.6/1550.4
VIX 14.9/17.3 (a VIX close under 15 is bullish)
Trin range: 0.8 - 1.2 (mildly bullish to mildly bearish)
Average VWAPs: +118/-53 (bullish)

Hong Kong (EWH) pops above major resistance; Market shifts into neutral to digest recent gains
February 13, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2744.1/2761.9
DTX 1043.7/1050.5
DJIA 25455/25625
Nasdaq 7410/7462
RUT 1535.6/1544.2
VIX 15.3/15.9
Trin range: 0.8 - 1.0 (mildly bullish to neutral)
Average VWAPs: +79/-79 (bull/bear seesaw)

Breakout in Transports along with VIX straddling bull/bear border means things are looking up for the bulls; Homebuilders (XHB), Medical devices (IHI), Water (FIW, PHO) break out; Platinum/Palladium (SPPP) moves to record high; Swissie (FXF) retests previous low
February 12, 2019

1:35 pm ET: Intraday support/resistance:
SPX 2722.6/2752.4
DTX 1033.5/1053.1
DJIA 25150/25500
Nasdaq 7350/7430
RUT 1520.1/1539.9
VIX 14.95/15.65 (falling VIX is bullish; a close under 15 means bulls are retaking control)
Trin range: 0.7 - 0.95 (falling Trin is bullish with more room to run to the upside)
Average VWAPs: +143/-45 (bullish; buying in healthcare (XLV), medical devices (IHI); selling in fast food names)

Dollar (UUP) breaks out as Yen (FXY), Pound (FXB) break down; Int'l Bonds (IGOV, WIP) breach near-term support
February 11, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2698/2718
DTX 1017.6/1032.4
DJIA 24795/25195
Nasdaq 7284/7344
RUT 1505.7/1516.7
VIX 15.8/16.5 (bearish)
Trin range: 0.95 - 1.4 (bearish)
Average VWAPs: +80/-98 (bull/bear battle)

Market ends week on a neutral note; Bitcoin (GBTC) jumps 15% off recent low; Platinum/Palladium (SPPP) continues in strong rally mode
February 8, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2681.8/2698.2
DTX 1004.7/1017.3
DJIA 24885/25085
Nasdaq 7225/7275
RUT 1495.1/1504.9
VIX 16.15/17.65 (bearish)
Trin range: 1.05 - 1.35 (bearish)
Average VWAPs: +150/-54 (bullish)

It's risk-off on global growth slowing; Broad sector and commodity sell-off with Oil (USO) and Tech (XLK) especially feeling the pain
February 7, 2019

12:20 pm ET: Intraday support/resistance:
SPX 2686.7/2719.3
DTX 1012/1025.2
DJIA 24985/25315
Nasdaq 7223/7337
RUT 1487.3/1516.7
VIX 15.8/17.8 (rising VIX is bearish)
Trin range: 0.95 - 1.25 (neutral to bearish)
Average VWAPs: +43/-140 (bearish)

Semis (SOXX, SMH) stage strong breakout; Aussie $ (FXA), Loonie (FXC) drop; Bitcoin (GBTC) hits new yearly low; Snapchat (SNAP) up 25% on news that its user based is no longer shrinking
February 6, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2724.2/2739.8
DTX 1021.6/1027
DJIA 25310/25450
Nasdaq 7345/7411
RUT 1511.2/1521
VIX 15.05/15.85 (a VIX close under 15 means bulls are gaining control)
Trin range: 0.75 - 1.1 (falling Trin is bullish)
Average VWAPs: +73/-89 (bull/bear seesaw)

Selling in Biotech (IBB), Healthcare (XLV), Pharma (PJP); Egypt (EGPT), Hong Kong (EWH) break out; Saudi Arabia (KSA) notches record high; VIX teetering on the bull/bear fence
February 5, 2019

2:25 pm ET: Intraday support/resistance:
SPX 2723.5/2738.5
DTX 1018/1026
DJIA 25275/25425
Nasdaq 7355/7409
RUT 1511.8/1524.2
VIX 15.05/15.95 (falling VIX is bullish; a VIX close under 15 means bulls are gaining control)
Trin range: 1.05 - 1.45 (bearish)
Average VWAPs: +93/-80 (rotation out of healthcare/biotech/pharma)

Oil/Gas Services (XES) pushes above near-term resistance; Nat Gas (UNG) slides below next support level; Nickel (JJN), Marijuana etf (MJ) jump; Bonds continue to slump; VIX volatility ($VVIX) hits 7 month low
February 4, 2019

12:50 pm ET: Intraday support/resistance:
SPX 2698.8/2719.2
DTX 1008.4/1016.8
DJIA 24980/25140
Nasdaq 7261/7337
RUT 1500.1/1514.7
VIX 15.3/16.7 (falling VIX is bullish but VIX over 15 means bears are still in control)
Trin range: 0.95 - 1.35 (neutral to bearish)
Average VWAPs: +138/-39 (bullish; very little selling pressure)

Interest rate sensitive bonds (TLT, BND, LQD) and REITs (VNQ, IYR) plunge; Cyber-Security (HACK) breaks resistance; FANG stocks (FB, AAPL, AMZN, NFLX, GOOGL) showing signs of exhaustion
February 1, 2019

1:45 pm ET: Intraday support/resistance:
SPX 2699.3/2710.8
DTX 1006/1020
DJIA 25025/25195
Nasdaq 7253/7308
RUT 1496.3/1504.7
VIX 16/16.7 (falling VIX is bullish but VIX over 15 means bears are still in control)
Trin range: 0.8 - 1.2 (neutral)
Average VWAPs: +85/-88 (bull/bear standoff)

Dovish Fed outlook causes bonds (LQD, BND), REITs (VNQ), Homebuilders (NAIL, XHB) to soar; Gold (GLD, GDX) continues to rally; Alt Energies (TAN, PBW, ICLN), Social Media (SOCL, PNQI), Brazil (BRF, EWZ) break out
January 31, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2678.7/2715.3
DTX 1000.9/1011.1
DJIA 24840/25060
Nasdaq 7206/7328
RUT 1484.8/1502.8
VIX 16.3/17.7 (falling VIX is bullish but it's still in bear territory)
Trin range: 0.8 - 1.25 (bullish to bearish)
Average VWAPs: +120/-90 (bull/bear standoff)

***The Stock Market Cook Book is on the road today.***
January 30, 2019

Gold & Silver metals (GLD, SLV) and Miners (GDX, GDXJ) continue to rally; Market in stasis pending Fed rate decision tomorrow
January 29, 2019

2:55 pm ET: Intraday support/resistance:
SPX 2631/2652
DTX 988.9/999.1
DJIA 24505/24675
Nasdaq 7008/7092
RUT 1469.3/1477.7
VIX 18.5/19.9 (bearish)
Trin range: 0.85 - 1.25 (neutral to bearish)
Average VWAPs: +76/-107 (bull/bear battle)

Indications of global growth slowing causes market to slide; Gold (GLD, IAU), Solar (TAN) break out; Marijuana (MJ), Real Estate (VNQ, IYR) smokin'/Nat gas (UNG), Oil (USO) pokin'
January 28, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2624/2646
DTX 982.2/992.8
DJIA 24325/24595
Nasdaq 7034/7086
RUT 1464.8/1481.2
VIX 18.9/20.4 (rising VIX is bearish)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +87/-84 (bull/bear standoff)

Market rallies as volatility drops; Banks & Financials (KRE, KBE; XLF), Real estate (VNQ, IYR), Timber (CUT) move above resistance; Precious metals (GLD, SLV), Alt energies (TAN, FAN, URA), Brit pound (FXB) jump; Pacific Rim funds (EWY, CHN, EWH) pop
January 25, 2019

2:35 pm ET: Intraday support/resistance:
SPX 2657.3/2675.4
DTX 986.4/997.6
DJIA 24580/24860
Nasdaq 7111/7189
RUT 1466.8/1485.2
VIX 17.35/18.15 (falling VIX is bullish; VIX closing below 20 means bears are losing their grip)
Trin range: 0.7 - 0.9 (bullish)
Average VWAPs: +87/-84 (bull/bear standoff)

Brazil Small-Cap ETF (BRF) breakout chart
January 24, 2019

A strong break-out pattern appeared in today's chart of the Brazil Small-Cap etf (BRF) shown below. The stock not only broke strong resistance at $22 but it also broke out of an inverse head and shoulders pattern (which is more apparent on a daily chart). Target price is the stock's double top at $26. Should it head above that on strong volume conviction, then the next stop could be $30. Note that the fund pays a nice dividend currently yielding 2.55%. There are options but they are very thinly traded--the largest open interest is only 242 contracts in the April 22 call.




Markets in stasis as gov't shut-down still no closer to being resolved; Brazil (BRF) breaks out; Bonds jump
January 24, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2626.2/2647.2
DTX 975.6/988.4
DJIA 24375/24625
Nasdaq 7001/7079
RUT 1452.7/1465.3
VIX 18.75/20.25 (falling VIX is bullish but still well in bear territory)
Trin range: 0.8 - 1.1 (neutral)
Average VWAPs: +73/-72 (bull/bear standoff)

Mid-day buyers step in to prevent further market slippage; Brit pound (FXB) jumps
January 23, 2019

1:40 pm ET: Intraday support/resistance:
SPX 2611.8/2653.2
DTX 963.2/987.4
DJIA 24270/24700
Nasdaq 6953/7085
RUT 1445/1468.5
VIX 19.8/22.2 (rising VIX is bearish; a VIX close over 20 means bears are back in control)
Trin range: 0.95 - 1.3 (bearish)
Average VWAPs: +39/-135 (bearish)

Market does an about face as government shut-down continues; Volatility jumps back into bear territory; Treasuries (TLT, TLH) & Investment grade bonds (LQD) rise
January 22, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2622.1/2657.9
DTX 978.2/997.8
DJIA 24255/24610
Nasdaq 6990/7110
RUT 1452.2/1479.8
VIX 18.4/20.6 (rising VIX is bearish; a VIX close over 20 means bears are back in control)
Trin range: 1.15 - 1.45 (bearish)
Average VWAPs: +54/-144 (bearish)

Major averages pop above resistance; Insurance (KIE), Water (PHO), Broker-Dealers (IAI), Tech (XLK, XT, SOCL) break out; Treasuries (IEF, ITE, TIP) fall while Corporate (LQD, JNK) & Emerging Market (EMB, VWOB) bonds rise; Precious metals (SLV, GLD) drop
January 18, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2647.6/2675.6
DTX 984.6/1010.6
DJIA 24460/24790
Nasdaq 7097/7206
RUT 1466.7/1491.3
VIX 16.8/18 (falling VIX is bullish but VIX over 15 means bears are still running the show, although they're losing their grip)
Trin range: 0.6 - 0.8 (bullish)
Average VWAPs: +116/-55 (mildly bullish)

Palladium (PALL) pops to record high (since 2010); Major averages continue to melt up
January 17, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2606.4/2629.6
DTX 959.1/975.5
DJIA 24110/24270
Nasdaq 7004/7062
RUT 1448.5/1468.3
VIX 17.95/19.35 (VIX over 15 means bears are still running the show)
Trin range: 0.7 - 1.3 (falling Trin is bullish)
Average VWAPs: +105/-45 (mildly bullish)

Banks (KRE, KBE), Financials (XLF), Broker-Dealers (IAI) jump; Buyers exit Pharma (PJP), Healthcare (XLV), Biotech (XBI); Global funds rally
January 16, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2611.2/2623.8
DTX 956.5/971.5
DJIA 24100/24250
Nasdaq 7020/7080
RUT 1445.9/1461.1
VIX 18/19 (VIX over 15 means bears are still running the show)
Trin range: 1.05 - 1.3 (rising Trin is bearish)
Average VWAPs: +90/-79 (bull/bear standoff)

Risk-on back on as FANG (FB, AAPL, AMZN, NFLX, GOOGL) stocks gain while bonds, gold feel pain
January 15, 2019

2:00 pm ET: Intraday support/resistance:
SPX 2585.1/2614.9
DTX 949.2/965.8
DJIA 23890/24110
Nasdaq 6928/7032
RUT 1432.1/1443.9
VIX 17.65/19.05 (falling VIX is bullish, but VIX over 15 means bears are still running the show)
Trin range: 0.9 - 1.15 (rising Trin is bearish)
Average VWAPs: +126/-46 (bullish)

Banks (KRE, KBE), Financials (XLF), Insurance (KIE) heat up; Brazil (BRF), Saudi Arabia (KSA) break out
January 14, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2570.4/2598.6
DTX 952.9/968.1
DJIA 23765/24015
Nasdaq 6887/6950
RUT 1431.3/1448.7
VIX 18.55/20 (falling VIX is bullish; a close under 20 means bears are losing their grip)
Trin range: 0.75 - 1.0 (moderately bullish to neutral)
Average VWAPs: +88/-76 (bull/bear tug of war)

Market on hold for the weekend; Muni bonds continue to rally and that's about it
January 11, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2577.4/2598.6
DTX 952/966
DJIA 23800/24000
Nasdaq 6934/6975
RUT 1437.5/1449.5
VIX 18.25/20.15 (falling VIX is bullish; a close under 20 means bears are losing their grip)
Trin range: 0.75 - 1.05 (moderately bullish to neutral)
Average VWAPs: +114/-45 (mildly bullish but volume is light)

Major averages testing overhead resistance; Weak sales & revised downward guidance by Macy's (M) tanks retail etfs (XRT, RTH)
January 10, 2019

2:20 pm ET: Intraday support/resistance:
SPX 2562/2596
DTX 940/965
DJIA 23700/24000
Nasdaq 6877/7003
RUT 1424.5/1450.3
VIX 19.45/21.3 (bearish; a close under 20 means bears are losing their grip)
Trin range: 0.85 - 1.4 (neutral to bearish)
Average VWAPs: +188/-44 (very bullish)

Oil (USO, OIL), Global funds jump; Brazil (EWZ) bests resistance; Bulls cheer as Transports lead today's rally
January 9, 2019

1:30 pm ET: Intraday support/resistance:
SPX 2568.9/2598.5
DTX 944.8/961.2
DJIA 23775/24075
Nasdaq 6900/6996
RUT 1427/1440
VIX 19.4/20.8 (falling VIX is bullish; a close under 20 means bears are losing their grip)
Trin range: 0.55 - 1.0 (bullish)
Average VWAPs: +123/-55 (moderately bullish)

Market continues in rally mode but buyers are showing near-term exhaustion; Real estate (VNQ, IYR) rebounding strongly
January 8, 2019

1:50 pm ET: Intraday support/resistance:
SPX 2543.4/2579.8
DTX 928.4/954.4
DJIA 23495/23865
Nasdaq 6790/6910
RUT 1404/1422
VIX 20/22 (falling VIX is bullish but bears are still firmly in control)
Trin range: 1.15 - 1.6 (bearish to contrarian)
Average VWAPs: +134/-61 (moderately bullish)

Renewed talks on US/China trade war boosts investor confidence as market continues to rally; Biotech (XBI), Pharma (PJP), Banks (KRE, KBE), Junk bonds (HYB, JNK) jump; Dow, S&P, Nasdaq push above near-term resistance; Dollar (UUP) drops/Loonie (FXC) pops
January 7, 2019

2:15 pm ET: Intraday support/resistance:
SPX 2524.6/2570.6
DTX 914.3/939.7
DJIA 23300/23730
Nasdaq 6741/6883
RUT 1380.8/1419.2
VIX 20.5/22.25 (falling VIX is bullish but bears are still firmly in control)
Trin range: 0.7 - 1.0 (bullish)
Average VWAPs: +161/-63 (bullish)

Sharp broad sector rebound on strong jobs data; Palladium (SPPP) breaks out to a new high
January 4, 2019

1:40 pm ET: Intraday support/resistance:
SPX 2474.3/2553.7
DTX 894.7/935.3
DJIA 22895/23655
Nasdaq 6554/6791
RUT 1333.1/1392.5
VIX 21.45/23.85 (falling VIX is bullish but bears are still firmly in control)
Trin range: 0.65 - 1.0 (bullish)
Average VWAPs: +172/-55 (bullish)

Market reverses course on weak manufacturing data; Apple tumbles 10% on sales warning; Junior Gold Miners (GDXJ) breaks out; Yen (FXY) continues in strong rally mode; Bonds jump as yields slump
January 3, 2019

2:10 pm ET: Intraday support/resistance:
SPX 2447.4/2493.1
DTX 882.3/913.7
DJIA 22625/23175
Nasdaq 6460/6600
RUT 1325/1353
VIX 23.95/26.55 (extremely bearish)
Trin range: 0.8 - 1.2 (neutral)
Average VWAPs: +73/-133 (moderately bearish)

Bulls open 2019 with a bang; Aussie $ (FXA) drops to 3 year low
January 2, 2019

2:25 pm ET: Intraday support/resistance:
SPX 2467.5/2527.5
DTX 897.3/929.7
DJIA 22930/23500
Nasdaq 6507/6735
RUT 1325.2/1361.4
VIX 22.75/27.75 (falling Trin is bullish but overall it is extremely bearish)
Trin range: 0.65 - 1.0 (bullish)
Average VWAPs: +163/-60 (bullish)

Market quiet heading into the holiday weekend; Nat Gas (UNG) breaks major support; Norway (NORW), Greece (GREK) tumble to new yearly lows
December 28, 2018

1:55 pm ET: Intraday support/resistance:
SPX 2461.9/2508.1
DTX 903.4/924.6
DJIA 22890/23300
Nasdaq 6507/6630
RUT 1317.2/1342.8
VIX 28.35/31.05 (falling Trin is bullish but overall it is extremely bearish)
Trin range: 0.8 - 1.6 (bearish/contrarian)
Average VWAPs: +77/-59 (lackluster trading on low holiday volume)

Bears wake up as market retreats; Silver (SLV, PSLV) breaks out; Loonie (FXC) retests two year low; Intermediate term Treasuries (ITE, IEI, IEF) break out
December 27, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2395/2445
DTX 882.6/901.4
DJIA 22200/22680
Nasdaq 6320/6500
RUT 1290.2/1329.8
VIX 31.65/34.35 (extremely bearish)
Trin range: 1.0 - 1.65 (bearish/contrarian)
Average VWAPs: +32/-224 (very bearish)

Market rebounds as Santa finally gets his sleigh in gear; Weak technicals indicate that rally is likely to be short-lived
December 26, 2018

2:10 pm ET: Intraday support/resistance:
SPX 2346.6/2432.4
DTX 864.9/892.5
DJIA 21710/22490
Nasdaq 6214/6444
RUT 1268.2/1310.8
VIX 31.8/36.2 (extremely bearish/bullish contrarian)
Trin range: 0.6 - 1.3 (falling Trin is bullish)
Average VWAPs: +350/-40 (extremely bullish/bearish contrarian)

Bad Santa Sell-off continues unabated with FANG & Tech (XLK), Financials (XLF), Biotech (IBB) feeling the most pain; Aero & Defense (PPA) one of the last sectors to crumble; Loonie (FXC) begins next leg down; Volatility remains firmly in bear territory
December 21, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2415.6/2504.4
DTX 886/914
DJIA 22475/23255
Nasdaq 6343/6587
RUT 1295.2/1334.8
VIX 25.7/29 (extremely bearish)
Trin range: 0.65 - 1.4 (bullish to bearish; bears are running out of room for the moment-->could be a small relief rally next week on very light volume)
Average VWAPs: +54/-230 (very bearish)

Multi-sector breakdowns as volatility spikes; Lithium (LIT), Steel (SLX), Timber (CUT), Water (FIW, PHO), Materials (XLB), Staples (XLP) fall below major support; Russia etfs (RSX, RSXJ) plunge to new yearly lows; Oil funds (USO, XES, XOP) continue to plummet
December 20, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2430.4/2509.6
DTX 886.9/919.3
DJIA 22620/23280
Nasdaq 6434/6666
RUT 1315.7/1350.9
VIX 25.7/30.3 (extremely bearish)
Trin range: 0.55 - 1.05 (low Trin is giving bears more room to run)
Average VWAPs: +48/-247 (very bearish)

Fed raises interest rates causing stocks to tank and Treasuries to rise; Junk bonds (HYG, JNK, HYB) continue to sell-off
December 19, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2528.4/2585.4
DTX 921.7/950.3
DJIA 23410/24055
Nasdaq 6648/6869
RUT 1368.1/1392.9
VIX 22.5/26 (VIX over 20 is very bearish)
Trin range: 0.7 - 1.4 (rising Trin is bearish)
Average VWAPs: +50/-222 (very bearish)

Market takes a breath before next leg down; Gold miners (GDX, RING) break out; Healthcare (XLV), Pharma (PJP), Biotech (IBB) slice through support; Canada (EWC), Loonie (FXC) slide to new lows; Treasuries rise as Junk slides
December 18, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2547.5/2573.9
DTX 940.7/955.7
DJIA 23680/24930
Nasdaq 6767/6847
RUT 1379.5/1399.5
VIX 23.7/25.35 (VIX over 20 is very bearish)
Trin range: 0.7 - 1.0 (bullish to neutral; bears have more room to run)
Average VWAPs: +57/-173 (bearish)

Major averages break next support levels; Timber (CUT) continues to fall; Agribiz (MOO) violates major support; Nat Gas (UNG) sheds 25% in a month; IPO etf (IPO) moves below major support; Euro funds continue to break down; Shippers (SEA) sink to record low; Volatility moves higher; All is not right with the world
December 17, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2542.1/2601.1
shed DTX 935.2/953.8
DJIA 23610/24090
Nasdaq 6768/6932
RUT 1387.9/1417.1
VIX 22.4/25.6 (VIX over 20 is very bearish)
Trin range: 0.6 - 1.1 (neutral to bearish; bears still have more room to run)
Average VWAPs: +47/-234 (very bearish/contrarian)

No Santa rally in sight as major averages continue to break down; Oil explorers/servicers (XES, XOP, PXJ, OIH) continue to plunge while Nat gas (UNG) sinks below support; Banks (KRE, KBE), Financials (XLF), Robotics & AI (ROBO, BOTZ), Insurance (KIE), Broker/Dealers (IAI), Pharma (PPH) breaking support; Costco (COST) nosedives on weak earnings; USD (UUP) rallies to new yearly high while Bitcoin (GBTC) sinks to a new yearly low
December 14, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2599.4/2635
DTX 948.4/968.4
DJIA 24050/24430
Nasdaq 6933/7027
RUT 1413.8/1435.4
VIX 20.95/22.45 (VIX over 20 is very bearish)
Trin range: 0.9 - 1.2 (neutral to bearish; bears still have more room to run)
Average VWAPs: +46/-185 (bearish)

Market sinks as Transports, Russell begin next leg down; Banks (KRE, KBE), Financials (XLF), Retail (XRT) break support levels; Utes (XLU) rally to retest record high
December 13, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2634.6/2670.2
DTX 956.3/986.7
DJIA 24380/24740
Nasdaq 7007/7155
RUT 1426.5/1460.5
VIX 20.4/21.4 (VIX over 20 is very bearish)
Trin range: 0.65 - 1.0 (bullish to neutral; in a falling market, a low Trin gives the bears more room to run)
Average VWAPs: +41/-166 (bearish)

Market reverses as bulls fight back; Big rebound in tech (XLK) as utes (XLU), real estate (VNQ), treasuries lose ground; Volatility drops
December 12, 2018

1:50 pm ET: Intraday support/resistance:
SPX 2658.2/2695.6
DTX 983.8/999.2
DJIA 24510/24930
Nasdaq 7107/7237
RUT 1440.7/1482.7
VIX 19.7/21.5 (falling VIX is bullish but VIX over 15 is bearish overall)
Trin range: 0.6 - 0.95 (bullish)
Average VWAPs: +138/-67 (bullish)

Banks (KRE, KBE), Financials (XLF), Insurance (KIE) fall below support; Int'l small caps (GWX), Malaysia (EWM) start next leg down; Transports fail support--maybe Santa won't be coming to town this year
December 11, 2018

1:40 pm ET: Intraday support/resistance:
SPX 2633.8/2674.4
DTX 977.4/1002.6
DJIA 24250/24790
Nasdaq 7008/7130
RUT 1437.4/1465.8
VIX 21.6/23.4 (very bearish)
Trin range: 0.75 - 1.25 (neutral to bearish)
Average VWAPs: +39/-235 (very bearish/contrarian)

Nasdaq holds its ground as other major averages slide to new monthly lows; Timber (CUT), Steel (SLX), Miners (XME) slice through next support levels; Oil explorers/servicers (XOP, XES) in free-fall; Brit pound (XLB), Euro etfs continue in bear mode; India etfs (PIN, IFN, EPI, INDY) tank
December 10, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2583.2/2640.4
DTX 966.7/994.2
DJIA 23880/24425
Nasdaq 6879/7041
RUT 1423/1451.4
VIX 22.05/25.95 (very bearish)
Trin range: 0.9 - 1.3 (bearish, but not at contrary levels meaning more downside is possible)
Average VWAPs: +159/-72 (bullish but bears are still very much in the picture)

Bears crash yesterday's bull party; Gold breaks out (GLD, IAU); Utes (XLU) continue to rally; Bitcoin (GBTC) slumps to a new low
December 7, 2018

1:45 pm ET: Intraday support/resistance:
SPX 2626.5/2708.5
DTX 991.5/1041.7
DJIA 24265/25095
Nasdaq 6975/7205
RUT 1447.1/1485.7
VIX 19.9/23.7 (very bearish)
Trin range: 1.0 - 1.3 (bearish, but not at contrary levels meaning more downside is possible)
Average VWAPs: +31/-285 (very bearish; buying in gold, bear etfs; across the board selling esp. in healthcare device makers (IHI))

Oil explorers & servicers sink to multi-year lows (XOP, XES, PXJ, OIH); Europe (VGK, EWG, EWQ, EWO, EWU), Loonie (FXC), Bitcoin (GBTC) also breaking down to new yearly lows; Death Cross forming in S&P; Treasuries, Volatility spike but show signs of exhaustion
December 6, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2621.5/2787.7
DTX 1012.2/1032.8
DJIA 24240/24760
Nasdaq 6984/7174
RUT 1448.8/1481.2
VIX 22.05/25.95 (soaring VIX is extremely bearish)
Trin range: 0.9 - 1.2 (neutral to bearish)
Average VWAPs: +205/-74 (very bullish/contrarian)

Trade war flip causes stocks to flop; Interest rate sensitive issues jump (bonds, utes); Banks (KRE, KBE, XLF), Tech (XLK, FANG stocks) plunge; Death Crosses in Transports (DTX), Nasdaq, Russell (RUT); Volatility soars
December 4, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2702/2786
DTX 1030.6/1077.4
DJIA 25020/25775
Nasdaq 7171/7421
RUT 1488/1548
VIX 16.35/22.1 (soaring VIX is extremely bearish)
Trin range: 0.9 - 1.4 (bearish)
Average VWAPs: +31/-277 (extremely bearish)

US-China trade war freeze boosts the market, especially Steel (SLX), Tech (XLK), Ag commodities (SOYB, CORN. MOO); Volatility (VIX) plunges
December 3, 2018

2:25 pm ET: Intraday support/resistance:
SPX 2765/2800
DTX 1075.5/1104.5
DJIA 25570/25980
Nasdaq 7354/7486
RUT 1528.2/1553.4
VIX 16.1/17.3 (falling VIX is bullish but VIX over 15 means bears are still in control)
Trin range: 0.6 - 0.8 (bullish)
Average VWAPs: +105/-126 (bull/bear battle)

Market looking to end this week's rally on a positive note; Real estate etfs (VNQ, IYR) continue to top resistance levels
November 30, 2018

2:20 pm ET: Intraday support/resistance:
SPX 2732.8/2753.6
DTX 1064.5/1085.3
DJIA 25250/25420
Nasdaq 7256/7314
RUT 1520/1531
VIX 18.5/19.4 (bearish)
Trin range: 1.1 - 1.45 (bearish)
Average VWAPs: +112/-81 (bull/bear battle)

Market in holding pattern as stocks digest yesterday's big gains; India continues to rebound (IFN, INDY, PIN, EPI)
November 29, 2018

2:05 pm ET: Intraday support/resistance:
SPX 2722.9/2748.9
DTX 1065.3/1080.7
DJIA 25200/25370
Nasdaq 7218/7312
RUT 1514.6/1535.4
VIX 18.5/20.5 (falling VIX is bullish but VIX over 15 means bears are still running the show)
Trin range: 1.0 - 1.4 (neutral to bearish)
Average VWAPs: +146/-64 (bullish)

Dovish talk from the Fed sparks Santa rally in stocks & bonds as USD (UUP) slides; Palladium (PALL) notches record high; Turkey (TUR), India (INDY, IFN) break near-term resistance; Tech, metals, healthcare rebound sharply
November 28, 2018

2:30 pm ET: Intraday support/resistance:
SPX 2684.4/2735.6
DTX 1050.1/1079.5
DJIA 24835/25325
Nasdaq 7091/7287
RUT 1486.3/1528.7
VIX 18.2/19.4 (falling VIX is bullish but VIX over 15 means bears are still running the show)
Trin range: 0.7 - 1.2 (bullish to neutral)
Average VWAPs: +283/-50 (extremely bullish/contrarian)

Bulls extend cyber-Monday's rally; Solar (TAN) flickers above resistance; Miners (XME) retests 2 year low; Emerging Market Debt (EMB) falls below major support
November 27, 2018

2:15 pm ET: Intraday support/resistance:
SPX 2656/2681.2
DTX 1040/1052
DJIA 24420/24710
Nasdaq 7014/7106
RUT 1492.5/1505.5
VIX 18.4/19.8 (bearish)
Trin range: 0.6 - 0.95 (bullish)
Average VWAPs: +118/-88 (bulls with the edge but bears are still in the picture)

*** The Stock Market Cook Book is on vacation and will return Tuesday, November 27th. 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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  • Stop spending hours watching individual stocks?
  • Maximize returns while minimizing your risk?
  • Say goodbye to your broker and costly management fees?
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Introducing the Portfolio Preserver®!

  • Invest across a broad range of asset classes
  • Receive a monthly email report with simple rebalancing instructions
  • Spend only a few minutes a month (if that!) rebalancing and you're done
  • Learn how to invest commission free
...And get all this for less than the price of your morning coffee!
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