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