Simon Says: This May Be The Only Bearish Looking Broad Market Index Chart

Aside from the autumn colors, everything is green on Wall Street. Stocks are up almost everywhere you look. There is only one broad market index that could reasonably be interpreted as being bearish.

The Dow Jones, S&P 500 and Nasdaq are at new (all-time) highs, and it takes a permabear or nit-picky glass half empty kind of a person to find anything alarming in those charts.

Perhaps the most bearish looking chart is that of the NYSE Composite Index (NYA). The NYA measures the performance of all common stocks listed on the New York Stock Exchange (NYSE). There are currently 1867. The iShares NYC Composite ETF (NYSEArca: NYC) replicates the performance of the NYA.

Unlike the Dow Jones and S&P 500, the NYA also includes small cap stocks, which explains why the NYA is lagging.

In fact, the NYA chart gives hope to all those who missed the latest rally. Why?

The NYA is bumping up against a serious resistance cluster made up of:

  1. 78.6% Fibonacci resistance
  2. Trend line resistance
  3. Prior support shelf

In addition, (bearish) Elliott Wave aficionados may be quick to point out that the NYA’s decline from the September high to the October low could be counted as five waves.  Such a 5-wave move would suggest at least one more leg lower.

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The overall strength of the “October blast” rally suggests that NYA will eventually surpass this resistance cluster. But if NYA is going to pull back and fill some of the open chart gaps, right about now (or at 10,850 – 10,900) seems like an appropriate time to do so.

The Dow Jones is also about to run into the same resistance level that caused the September correction.

Solid resistance levels, like the ones shown above, increase the risk of a pullback, but obviously don’t guarantee said pullback. Higher targets are unlocked if the NYA and Dow Jones sustain trade above resistance.

A detailed forecast for the remainder of the year – based on an analysis of seasonality, sentiment, technical indicators and historical patterns – is available in the November 2 Profit Radar Report.

Simon Maierhofer is the publisher of the Profit Radar ReportThe Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

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The Biggest Theory Shattered by Dow Theory

Ouch, that hurt! Dow Theory expert considered the bull market in tact right before the Dow Jones and Dow Jones Transportation average shed 10%. Here is one theory that Dow Theory just shattered.

The other day I stumbled upon this interesting piece of Dow Theory research by Bespoke Investment Group titled “Dow Theory Still Bullish.”

The bullish Dow Theory message was summarized as follows: “Many investors look for the Transports to lead the way, and the fact that it has done so well is a bullish sign for the major indices like the Dow and S&P 500, in our view.”

The analysis and the Dow Theory interpretation was not wrong per say, but the timing was terrible. The article was published on September 17, and followed by an 11% drop in the Dow Jones Transportation Average.

No indicator is perfect, but an outright bullish assessment or signal prior to a double-digit selloff is worth examining.

The chart below enhances the Dow Jones Industrial Average and Dow Jones Transportation average with a few simple trend lines.

The bold red Dow Jones trend line resistance was my personal up side target (shared with subscribers to the Profit Radar Report) since late July. In fact, the September 17 Profit Radar Report warned that:

The Dow and S&P are moving towards our targets and risk is rising.”

The ensuing selloff drew the Dow Jones Transportation Average well below a strong 2-year trend channel.

Although bearish, it wasn’t time to panic, because both averages confirmed the September 19 high. There was no bearish Dow Theory divergence at the top.

Dow Theory is the Grand Daddy of market trend analysis and I’m not about to discredit it, however, no indicator should ever be viewed in isolation.

Dow Theory still suggests the bull market is in tact – which harmonizes with my research – but that doesn’t mean investors need to accept a 10% drawdown.

The bounce from the October low brought the Dow Jones back up to key resistance (not shown on chart, resistance available to subscribers of the Profit Radar Report). A move above this resistance is needed to confirm this bounce.

As with any long-term indicator, additional indicators can be used to prune long-term portfolios via better-timed sells and buys.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Stocks in Freefall! Is this the Beginning of the End?

An avalanche of analysts and market ‘pros’ predicted a stock market crash in May and June. Here we are, almost half a year later. Is this the crash predicted by so many, or is it just another temporary correction?

Pardon the sensationalistic touch of this headline, but ‘is this the beginning of the end?’ is a perfectly legitimate question. Not because I’m a fear monger, but because others are.

Several months ago – in May, June and July – many analysts predicted a market crash. Here are a few headlines from that time:

  • CNBC: “I’m worried about a crisis bigger than 2008: Dr Doom” – May 8
  • Yahoo: “Beware: 2014 looking a lot like 2007” – May 23
  • CNBC: “This chart shows the market is a ticking time bomb” – June 12
  • Yahoo: “Common Sense says look out for a market top” – June 30
  • Forbes: “These 23 charts prove that stocks are heading for a devastating crash” – July 1

Although the S&P 500 gained as much as 200 points since those crash prophecies first surfaced, investors now wonder if this is the ‘big one.’ Is this the time when crash prophesies turn into reality?

A Market Top or THE Market Top?

Obviously, the September 19 highs carry some importance, after all the S&P 500 and Dow Jones lost about 8% since.

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Perhaps looking at what caused this spirited selloff may help determine if September 19 is ‘A’ market top or ‘THE’ market top.

On August 24, the Profit Radar Report published this chart and stated that: “The Dow Jones sports a possible wedge formation with resistance starting at 17,250 next week (17,400 by the end of September).”

On September 19, the wedge resistance line was at 17,350, which marked the exact top of the Dow Jones.

Consequently, the September 21 Profit Radar Report warned that: “The Dow Jones reached our up side target. This means risk is rising. The probabilities of a short-term pullback are elevated.”

Dow Jones Down Side Target

Based on the Dow’s performance, the wedge pattern is valid. The textbook down side target for a bearish wedge is its origin, which is around 15,000. One near-term down side target, identified by the October 10 Profit Radar Report, is 1,850. The S&P hit 1,850 this morning, and every time a target is met a bounce becomes likely. Nevertheless, today’s low doesn’t display the marks of a sustainable low yet.

Here is a look at a few other indicators:

Sentiment

Stocks are oversold, but sentiment is not extremely bearish. Throughout 2013 and 2014 the S&P 500 rallied as soon as it hit an oversold condition.

The October 1 Profit Radar Report warned that this time might be different, as some of the biggest declines happen when stocks don’t bounce from oversold conditions.

Seasonality

VIX seasonality is approaching a significant seasonal high. S&P 500 seasonality is turning positive in the near future (detailed VIX and S&P 500 seasonality charts are available to subscribers of the Profit Radar Report).

Seasonality doesn’t preclude further losses, but appears strong enough to eventually erase all or most of the losses accrued recently.

Conclusion

Based on the Dow’s wedge formation/target, a 13% decline is possible. However, seasonality may cushion the down side risk.

This decline appears similar to the 2010 and 2011 corrections. I personally will be looking for a specific bottoming pattern (displayed at the 2010 and 2011 lows). The actual down side price target is somewhat fluid (the specific bottoming pattern is discussed in the Profit Radar Report). Once the bottoming pattern starts developing, we should be able to identify a key support level.

No doubt, the above-mentioned crash prophets are getting to enjoy their 15 minutes of fame, but the only indicator that actually predicted the 1987, 2000 and 2007 crash suggests that bulls will stage a comeback once this selloff is exhausted. Here is a close look at this impressive indicator.

The Missing Ingredient for a Major Bull Market Top

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Number of Stocks Trading Below 50-day SMA drops to 2-year Low

The track record of the 50-day SMA as buy/sell trigger is questionable, but the track record of the % of stocks above the 50-day SMA is stellar. The featured chart shows the distinct character of the latest bull market leg, and what this week’s 2-year low means.

In terms of QE bull market corrections, there are two categories:

  • Pre 2013
  • Post 2013

Every correction since 2013 has been shallow, usually shedding no more than 5%.

Corrections in 2010, 2011 and 2012 were more complex, losing as much as 20%.

The chart below, which plots the S&P 500 against the percentage of NYSE stocks above the 50-day SMA, illustrates the difference between pre and post 2013 nicely.

Post 2013 corrections were swift, V-shaped affairs. Every time the % of NYSE stocks dropped to 25-30, the market bottomed. Easy. There was little else to it (see green circles).

The biggest 2010, 2011 and 2012 corrections were more complicated than just simple V-shapes.

One common pre 2013 feature was some sort of a double bottom. As the dashed green boxes highlight, each pre 2013 bottom occurred against a bullish 50-SMA divergence, where the S&P 500 (NYSEArca: SPY) made a new low, but the % of stocks below the 50-day SMA did not.

The Big Question

The big question is if the current correction will follow the pre or post 2013 pattern.

If it follows the pre 2013 pattern, there will be another leg down accompanied by a bullish 50-day SMA divergence.

If it follows the post 2013 pattern, the correction may already be over.

Even the pre 2013 patterns saw a bounce after the initial 50-day SMA low, so a bounce from current levels is likely.

The chart above doesn’t answer if this correction is already over, but two other indicators provide some clues.

Based on the VIX, this may turn into a more complex correction. More details here: Calm VIX Suggests Elevated Downside Risk for Stocks.

However, to trigger more downside, the Dow Jones needs to drop below this key support. More details here: Dow Jones Pulls Back after Completing Bearish Wedge.

A detailed forecast for October – based on investor sentiment, seasonality and technical analysis – is available to subscribers of the Profit Radar Report.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

3 Must Know Facts about the Most Economically Sensitive Company in the World

Many investors look at economic indicators to gauge what’s ahead for stocks, but price is always the final arbiter. Here is one stock that’s more heavily intertwined in the global economy that any other, it’s also the biggest Dow component.

What’s most likely the most economically sensitive company in the world? Here are three clues:

  • You probably carry it in your wallet
  • In 2008 it become the largest IPO in U.S. history (surpassed by Alibaba in 2014)
  • It is the most influential component of the Dow Jones Industrial Average

VISA (NYSE: V)

According to a 2008 Nilson report, Visa held a 38.3% market share of the credit card market place and 60.7% of the debit card market place in the U.S.

In 2009, Visa processed 62 billion transactions worth $4.4 trillion globally.

When consumers spend money, Visa makes money. When Visa makes money, the economy must be doing well. But, when Visa shares head lower, it may foreshadow trouble for the economy and the stock market.

Here are three must know facts about Visa:

  1. The Visa chart is showing a breakdown below a 3-year support line. Additional support is around 206. Resistance is around 219. Investors should know that Visa doesn’t issue cards or extend credit. Visa only provides the Visa-branded products and charges for processing transaction. Visa is not on the hook for delinquent or unpaid bills, but a decreasing volume of transactions (shy consumer) does affect its bottom line.
  2. There’ve been many calls for a market top, bubble burst and outright market crash. No doubt this QE rally is quite aged, but the final leg higher seems still ahead.

    The older bull markets get, the more selective investors become. In their search for value, investors tend to flock towards large cap stocks. Which are perceived to be safer in a late stage bull market. Visa should (once this correction is finished) benefit from this large cap preference.

  3. Unlike most other major market indexes, the Dow Jones is price-weighted. With a price tag of $210, Visa is the biggest component of the Dow Jones (NYSEArca: DIA).

Visa’s price affects the Dow Jones more than any other stock.

Visa is not just an economically sensitive company, its stock is also a big player on Wall Street.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

‘Black Swan Risk Canary’ Soars to All-Time High

Many times catchy headlines do not deliver any content even remotely as interesting as the title. But this catch headline is backed up by one of the most accurate stock market indicators in recent years.

What’s the ‘Black Swan Canary?’ It’s the CBOE SKEW Index.

The SKEW Index is calculated by the CBOE. The CBOE, the same outfit responsible for the CBOE VIX.

According to CBOE, the SKEW Index is designed to measure the tail risk (= risk of outlier returns two or more standard deviations below the mean) of the S&P 500.

The SKEW Index basically estimates the probability of a large decline or ‘Black Swan’ event.

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Similar to the CBOE VIX or VIX Volatility Index (NYSEArca: VXX), the price of the S&P 500 (NYSEArca: SPY) tail risk is calculated from the price of S&P 500 out-of-the-money options.

The SKEW typically ranges from 115 to 135. Readings of 135+ suggest a 12% chance of a large decline (2 standard deviations). Readings of 115 or less suggest a 6% chance of a large decline.

The highest SKEW reading was recorded on October 16, 1998 and was matched by last Friday’s spike to 146 (the chart below was originally published in Sunday’s Profit Radar Report).

Here are probably the two most salient points about the SKEW/S&P 500 relationship:

  1. The SKEW has established a sequence of higher highs. It has taken progressively higher SKEW readings to get the S&P 500 in trouble (134 in April 2010 was enough to ‘cause’ the ‘Flash Crash’. 143 in December 2014 only led to a minor eventual pullback).
  2. Nevertheless, an elevated SKEW has tripped the S&P 500 (at least to some extent) every time. If this track record continues, Friday’s SKEW spike should cause some choppiness.

Although the 2010 and 2011 corrections were quite nasty, the label ‘Black Swan Index’ has been misleading in recent years.

This time may be different, but the SKEW has been one of the most accurate indicators in an environment that’s fooled many other trusted gauges.

The SKEW suggests a bumpy ride ahead with limited gains and elevated risk.

I always recommend looking at more than one indicator (I personally monitor various indicators from three different categories: Sentiment, seasonality and technicals).

The SKEW’s meaning is nicely enhanced by a simple Dow Jones (NYSEArca: DIA) chart. Right now a rare Dow formation offers clear levels of ruin and opportunity.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Dow Jones Pulls Back After Completing Bearish Wedge

On Friday the Dow Jones hit the ideal target of a rising wedge formation. The rising wedge is a bearish formation that projects about a 10% decline for the Dow if the lower wedge line (see Dow Jones chart) is broken.

The August 24 Profit Radar Report published this Dow Jones chart and stated that: “The Dow Jones sports a possible wedge formation with resistance starting at 17,250 next week (17,400 by the end of September).”

This red line has been our up side target ever since.

On Friday the Dow reached its target and pulled back as quickly as a hand accidentally touching a hot stove.

What makes a wedge a wedge?

Although prices rise within the rising wedge formation, market breadth is gradually petering out, as the advance is progressively growing weaker.

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That’s what we saw on Friday. Even though the Dow ended 0.08% higher, 60% of stocks traded on the NYSE declined. This rare breadth/price divergence occurred only 7 other times since this QE bull market started in 2009.

What are the implications of a wedge breakdown?

The Dow already touched the upper wedge side (red line). Once prices break out of the wedge down side (solid green line) they usually waste little time before declining and retracing all of the ground gained within the wedge itself.

So, a drop below the solid green line (currently around Dow 16, 700) could unlock a target around Dow 15,000.

But let’s don’t get ahead of ourselves. The stock market has steamrolled over many bearish setups before and may do so again. The pattern could also get more complicated as was the case with the LQD Corporate Bond ETF earlier in April.

If you want to take baby steps, trade below 17,160 and 16,900 (dashed green support areas) would be initial confirmation of further down side.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

NYSE Composite Chart is Sending Strong Message

Although not nearly as popular as the S&P 500 or Dow Jones, the NYSE Composite sports one of the most transparent technical pictures we’ve seen in quite a while. Here’s a closer look at the strong message of the NYSE Composite.

The NYSE Composite Index is not often discussed, but as one of the broadest U.S. indexes (1,868 components) it offers a unique big picture perspective, especially right now.

First off is a weekly log scale bar chart of the NYSE Composite since its March 2009 low along with some basic support/resistance levels and trend lines.

The second chart zooms in on the more recent price action.

There are a number of noteworthy developments:

There is a possible head-and shoulders top. The red line is the neckline. The projected target is 10,655, which was already reached last week.

The measured HS target at 10,655 also coincides with green trend line support.

Despite the measured HS target having been fulfilled, the August 3 Profit Radar Report predicted another leg down.

The NYSE Composite (NYSEArca: NYC) already exceeded last weeks low and the measured HS down side target. Today it broke below last week’s low and first green trend line support.

What does this mean for the NYSE Composite?

It doesn’t take a ‘chart Sherlock’ to perceive that the next leg down is underway.

While the trend is still down, the outlook is not as bleak as many expect. There is support at 10, 447 (200-day SMA) and 10,250.

From this support I expect a reaction that will surprise Wall Street and investors alike.

More details along with an actual projection for the S&P 500 are available via the Profit Radar Report.

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Buying Climaxes Soar to 5-Month High

Buying climaxes are said to be a sign of distribution, indicating that stocks are moving from strong to weak hands. As such, buying climaxes often foreshadow trouble. What does the recent surge of buying climaxes mean?

Along with the Dow Jones and S&P 500, more than 500 individual stocks recorded new 52-week highs last week.

However, like the Dow and S&P, most stocks weren’t able to hold on to their lofty price tags.

12% of S&P 500 (SNP: ^GSPC) stocks had buying climaxes. This is the highest reading since January 27, and the second highest reading of the year.

A buying climax takes place when a stock makes a 52-week high, but closes the week with a loss.

According to Investors Intelligence, which tracks buying/selling climaxes, buying climaxes are a sign of distribution and indicate that stocks are moving from strong hands to weak ones.

The chart below, which plots buying/selling climaxes against the S&P 500 (NYSEArca: SPY), harmonizes with the assessment of Investors Intelligence.

An increased amount of buying climaxes often results in a flattening of the up trend or price weakness.

However, none of the buying climax spikes in recent years has resulted in a major market top (even though many pundits have been calling for just such a major top).

What does this cluster of buying climaxes mean for stocks?

Here’s a detailed S&P 500 forecast based on the three key forces that drive the market.

Updates 2014 S&P 500 Forecast

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.

Stocks Approach Bullish Springboard – Is There Enough Energy to Pop Higher?

The stock market is approaching a potentially bullish springboard. Price action has been very positive, but a look ‘under the hood’ shows that confidence in the rally is lacking. Will the market have enough energy to jump higher?

“Here is where the rubber meets the road.”
“The proof is in the pudding.”
“It’s do or die time.”

Any of the above phrases describe the market’s current position. Stocks have arrived at an inflection point or fork in the road.

How the market got here is interesting and provides a clue to the next move.

Just a month ago tech and small cap stocks dared to fall a ‘stunning’ 10%. Disregarding the fact that the Dow Jones and S&P 500 remained within striking distance of their all-time highs, investors turned bearish.

The market wanted investors to believe it will fall further and they obliged and fell for the bluff. In early May, 71.3% of retail investors polled by AAII were bearish or neutral. Being short or in cash was crowed fashionable.

Via the May 4 Profit Radar Report I asked: “How will the market fool the crowded trade? The ‘chart detective’ inside of me favors a shallow dip (1,874 – 1,850) followed by a pop to 1,915.”

A pop was needed to fool the premature bears. Mission accomplished!

The S&P 500 popped to 1,915 and beyond. In fact, on the chart the bounce looks so convincing that we need to ask if it’s more than just fake out break out. Is it?

Price Up – Confidence Down

I follow many different gauges and indicators, one of them is a proprietary measure of supply and demand.

The basic ingredients to this complex breadth formula are trading volume, points gained/lost, and advancing/declining issues. All figures are calculated on a raw, ratio and percentage basis over multiple time periods.

Since 2009 these forces of supply and demand have persistently foreshadowed continued gains, even during the 2010, 2011 and 2012 corrections.

Buying power actually decreased and selling pressure increased since May 22, when the S&P 500 (NYSEArca: SPY) broke out. The lack of demand suggests that buyers are not convinced. The absence of many new sellers suggests that stock owners don’t feel compelled to sell.

Albeit not as reliable as supply/demand measure, RSI aptly illustrates the divergence between price and momentum. RSI broke above trend line resistance on May 24, but is significantly below prior highs.

Approaching a Hill With an Empty Gas Talk

With lagging breadth, the four major indexes (Dow Jones, S&P 500, Nasdaq Composite and Russell 2000) are also approaching key resistance levels.

This is akin to a car approaching a hill with the gas tank on “E”, or a gymnast being out of breath near the springboard. It takes force to overcome obstacles. At this point it’s questionable if the market has enough force to overcome resistance.

However, if the various indexes can overtake their respective resistance level it should act as a springboard it propel stocks higher.

Sunday’s Profit Radar Report identified the key resistance levels for all major indexes along with the most likely outcome.

One way to gauge a possible outcome is to analyse the ‘intent’ of the current rally. What ‘intent’?

You’ll know what I mean once you take a look at this article:

Hey Bears! Where is the Promised Correction?

Simon Maierhofer is the publisher of the Profit Radar Report. The Profit Radar Report presents complex market analysis (S&P 500, Dow Jones, gold, silver, euro and bonds) in an easy format. Technical analysis, sentiment indicators, seasonal patterns and common sense are all wrapped up into two or more easy-to-read weekly updates. All Profit Radar Report recommendations resulted in a 59.51% net gain in 2013.

Follow Simon on Twitter @ iSPYETF or sign up for the FREE iSPYETF Newsletter to get actionable ETF trade ideas delivered for free.