The Weekly Trader

My most recent MarketWatch column is here: goo.gl/vJpVya

 

To summarize, here are the technical and sentiment indicators from Friday’s close: 

Technical indicators

S&P 500 SPX, +0.42%  is above its moving averages but moving sideways = Neutral

MACD (S&P 500; 19,39,9) is above the zero line but pointing down = Neutral

MACD (S&P 500; 19,39,9) is below its signal line = Bearish

S&P 500 is near support @ 2,170 = Neutral (2,150 next support level)

Sentiment indicators

II survey: (Aug. 30) 55.9% Bulls; 20.6% Bears = Bearish

AAII survey: (Aug. 31): 28.6% Bulls; 31.5% Bears = Neutral

VIX: @ 11.98 = Bearish

RSI: (S&P 500) @ 55.25 = Neutral

Here are the results of the technical and sentiment indicators for the week of August 29, 2016:

Technical Indicators

S&P 500 is above its moving averages but pointing down = Neutral

MACD (S&P 500; 19,39,9) is above the zero line = Bullish

MACD (S&P 500; 19,39,9) is slightly below its signal line = Neutral

S&P 500 is near support @ 2,170 = Neutral (2,150 next support level)

Sentiment Indicators

II survey: (Aug. 23) 56.7% Bulls; 20.2% Bears = Bearish

AAII survey: (Aug. 24): 29.4% Bulls; 29.6% Bears = Neutral

VIX: @ 13.65 = Bearish

RSI: (S&P 500) @ 49.62 = Neutral

Comment: S&P 500 showing signs of stress. Observe market closely this week. 

Here are the results of the technical and sentiment indicators for the week of August 22, 2016: 

Technical Indicators

S&P 500 is above its moving averages = Bullish

MACD (S&P 500; 19,39,9) is above the zero line = Bullish

MACD (S&P 500; 19,39,9) is even with its signal line = Neutral

S&P 500 is above support @ 2,150 = Bullish

 

Sentiment Indicators

II survey: (Aug. 16) 56.2% Bulls; 20.0% Bears = Bearish 

AAII survey: (Aug. 17): 35.6% Bulls; 26.4% Bears = Neutral

VIX: @ 11.34 = Bearish

RSI: (S&P 500) @ 59.40 = Neutral

Here is my latest column for MarketWatch with the technical and sentiment numbers listed below: 

http://goo.gl/rwlw0z

 

Technical Indicators

S&P 500 SPX, +0.28%  is above its moving averages = Bullish

MACD (S&P 500; 19,39,9) is above the zero line = Bullish

MACD (S&P 500; 19,39,9) is even with its signal line = Neutral

S&P 500 is above support @ 2,150 = Bullish

 

Sentiment Indicators

II survey: (Aug. 9) 54.3% Bulls; 20.9% Bears = Bearish 

AAII survey: (Aug. 10): 31.3% Bulls; 26.8% Bears = Neutral

VIX: @ 11.80 = Bearish

RSI: (S&P 500) @ 64.90 = Overbought

Here are this week’s results for the technical and sentiment indicators:

Technical Indicators

S&P 500 is above its moving averages = Bullish

MACD (S&P 500; 19,39,9) is above zero line = Bullish

MACD (S&P 500; 19,39,9) is even with signal line = Neutral

S&P 500 is above support @ 2,150 = Bullish

Sentiment Indicators

II survey (Aug. 2) 52.9% Bulls; 21.2% Bears = Bearish 

AAII survey (Aug. 3): 29.8% Bulls; 26.8% Bears = Neutral

VIX @ 11.39 = Bearish

RSI (S&P 500) @ 64.56 = Overbought