PUG Stock Market Analysis, LLC

Chart Technical Analysis and Commentary on the Stock Market

  • Premium Service

    To join the Premium Service follow this link: PUG Premium Service Sign-up. You must agree to the Terms of Service (TOS) and make a payment via a credit card Buy Now link or check in the mail. I will then send you the password to view the premium content. If you have questions send an e-mail to: pug.sma.llc@gmail.com.
  • Hits Since Oct 26th, 2009

    • 10,790,162 hits
  • Disclaimer

    The content on this blog (PUG Stock Market Analysis, LLC) is provided as information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author (PUG) and are for entertainment purposes only. PUG is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. PUG does not manage client assets in any way. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of PUG. PUG may make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. PUG Stock Market Analysis, LLC is an educational service, not an advisory or stock recommendation service. At times, PUG will analyze the technical structure (chart) of various stocks or financial markets, but he is in no way compensated by the companies he analyzes either in reports or daily commentaries. All examples are provided for educational purposes.
  • Privacy Policy

    Corresondents's e-mails are strictly confidential. The thrid-party advertising placed by ad networks may collect information for ad targeting or store cookies. Links for commercial sites are paid advertisements. Blog links on the site are posted by PUG's discretion, without compensation of any kind.
  • Content Usage Terms

    PUG Stock Market Analysis, LLC blog site content may be reproduced or excerpted online, provided full attribution is given to PUG and the original article source is linked.

January 30th, 2013: EOD Update

Posted by pugsma on January 30, 2013

1-31-13 2:45 pm:  I wanted to show a chart of the McClellan Oscillator ($NYMO) vs the SP-500 going back to Nov 2011.  Notice that during the major [3] rally for Primary 1 of Cycle 3 (i.e. [3]-P1-C3) from Nov 2011 to April 2012, the $NYMO began to break-down below zero and continue to make lower, lows repeatedly breaking the lower Bollinger Band (BB) from about the mid-point of the rally in early February 2012.   This is precisely what is transpiring right now with the $NYMO.  So while some may worry about the $NYMO dropping now as the SP-500 continues to climb higher as being unusual, it fact it has happened within the last year as exact same point in a major [3] bull rally.

PUG $NYMO vs SP-500 Daily 1-31-13

6:20 pm EST:  Another new recovery high was made to at 1510.

The primary count is that wave i-(5) of minor 3 of major [3]-P3-C3 completed today at 1510.  The pull-back to 1500 was wave ii-(5), and now I’m looking for a wave iii-(5) move up to 1519, where iii=1.62*i.   Ultimately, wave v-(5) of minor 3 should end in the 1524 pivot range of 1517 to 1531.  There is a fib target at 1531, where minor 3 = 1.23*minor 1.  Note, that wave ii-(5) must hold the 1498.09 level for this primary count to remain valid.   A move below 1498.09 means that the alternate (blue) count is underway.

The alternate (blue) count short-term variant to the primary count is that wave (5) of minor 3 of major [3]-P3-C3 completed today at 1510.  The minimum triangle target was 1513, so this move from 1510 effectively satisfies that requirement.   This alternate (blue) count means that the minor 4 wave is underway with typical targets of 1484 (23% retrace of minor 3) to 1467 (38%) retrace.

SP-500 15-min chart (EOD):

PUG SP-500 15-min chart EOD 1-30-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min chart EOD 1-30-13

Sorry, the comment form is closed at this time.

 
Follow

Get every new post delivered to your Inbox.

Join 614 other followers

%d bloggers like this: