PUG Stock Market Analysis, LLC

Chart Technical Analysis and Commentary on the Stock Market

  • PUG Twitter Feed

  • 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

    • 13,583,203 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 22nd, 2013: EOD Update

Posted by pugsma on January 22, 2013

6:50 pm EST:  The SP-500 made a new, post March 2009 recovery high of 1493 today.  This is the third consecutive day that the SP-500 has made a new recovery high.

The primary count is that wave iii-(3) of minor 3 of major [3]-P3-C3 is still unfolding headed for the iii=1.62*i target of 1498.  The wave (3) target is at 1520 and the minor 3 target is at 1531.  After wave iii-(3) completes at 1498, I’m looking for a wave iv-(3) retract of 38% to 1485 before wave v-(3) heads for the 1524 pivot area.  The primary count will remain valid as long as the wave iv-(3) pull-back remains above the wave i-(3) high of 1472.75.

The alternate (blue) count is that wave i-(3) of minor 3 of major [3]-P3-C3 is ending here between 1493 and 1498 and that there will be a deeper pull-back for wave ii-(3) of a 62% retrace to the 1468 area before wave iii-(3) heads towards the 1524 pivot area.

Support is at the Sept 2012 high of 1475 and major resistance is at the 1524 pivot area.

SP-500 15-min chart (EOD):

PUG SP-500 15-min EOD 1-22-13

SP-500 60-min chart (EOD):

PUG SP-500 60-min EOD 1-22-13

AAPL:   The primary count looks good, as the wave (2) 496 low held today on the re-test.   The primary count is that AAPL put in wave ii-(3) of minor 1 of major [1]-P5 today 497 and is beginning the wave iii-(3) move up toward a iii=2.62*i = 534 target.   The wave (3) target is at 541, where (3)=1.62*(1).   The alternate (blue) count looks for a move towards 467 to complete wave v-(c) of minor 5 of major [C]-P4, if the 482 level is breached.

AAPL 15-min chart (EOD):

PUG AAPL 15-min EOD 1-22-13

AAPL 60-min chart (EOD):

PUG AAPL 60-min EOD 1-22-13

Sorry, the comment form is closed at this time.

%d bloggers like this: