$SPY is directionless on daily charts

$FB needs to breakout above $107.75 to establish upward momentum

$BABA clears 200-day MA and seems bullish, but needs to clear $82.50

$IWM buy signal issued as small caps may be on the move

A break above $119 is key.

Hop on-board the trend: % of S&P 500 stocks that are above their 200-day EMA is now above 50%

This a good time to hop on-board the trend

$TWTR peeps above $30

$VIX falls below its 200-day EMA which is a good sign for the market

% of S&P 500 that are above their 200-day EMA is climbing which suggests the market is pass the bottom and turning up

$FB issues buy signal

$FB is bullish, but needs to break above $94 to shift it from resistance to support

$FB

$UNG

1-year performance of major ETFs

Stock-to-Bond ratio favors bonds over stocks at the moment

Dow Theory - Still Bearish

$BND MTF Analysis - Bullish

Weekly - Bullish



Daily - Bullish

$AAPL falls into bearish cloud after touching its 200-day EMA

$DJIA shows resistance at 16,800

$TWTR is directionless and stuck between $24-$26

$BABA is still bearish despite rising 7%

$SPY needs to clear some major price levels before a reversal can be declared

$SPY seems to be gearing up to test the August low

$VIX bounces off 20 which may be a sign of more turmoil ahead

Over 70% of the S&P 500 remains below 200 day moving averages which does not bode well for the market

$FB continues to be bullish

71% of stocks are below their 200 day moving average and the Fed's decision may result in stocks testing August lows

$VIX is inching downward, but still reflects investor concerns with the market

$SPY resistance zone

$SPX resistance zone

$DAL is facing resistance at $47 to $48 and needs to break it to challenge $50

Year-to-date change in $USO and $UGA indicates consumers get fleeced both ways

Gas price changes always lag oil price changes when oil declines and lead when oil rises.



Spot Price for Brent Crude Oil vs. Spot Price for Unleaded Gasoline

Year-to-date change in oil and gas prices shows that gas price changes lag when oil drops, but lead when oil rises

Spot Price for Brent Crude Oil vs. Spot Price for Unleaded Gasoline



Gas price changes always lag oil price changes when oil declines and lead when oil rises.

A lot of stocks mimic this bearish pattern

Bearish Pattern

• All Ichimoku Cloud elements are bearish:
• Price, Tenkan Sen, Kijun Sen, Chikou Span are below the cloud and below the stock's 200 day moving average
• Tenkan Sen is below Kijun Sen
• Senkou Span A is below Senkou B

The only Dow stocks above their 200 day moving average (4 of 30)

#1 Nike


#2 Home Depot


#3 VISA


#4 UnitedHealth Group

87% of Dow stocks are below their 200 day moving average

I always make a 8 month bet on $UNG around this time of the year

• Inventory is above the 5-year average, but less than it was a year ago
• This tells me to not buy above $13/share and keep my fingers crossed that it will be very cold in certain parts of the U.S.

1-year performance $DIA $SPY $QQQ $IWM $BND

S&P 500 Monthly Timing Indicator needs to issue a buy signal

$VIX needs to fall toward the cloud for stocks to rally

$SPY remains volatile so a bottom can't be declared yet

LOL if you know anyone that thinks $TWTR was ever worth $75/share

$BABA is text book on how to get fleeced while the investment bankers get rich

$FB remains bullish on weekly chart despite market turmoil

More than 75% of S&P 500 stocks are below their 200 Day Moving Average

• 8 point increase from last week