oct 11-14, page-62

the ndx is at/above the 200sma running through 2291 so likely good prob that the cash is coming beck to test that and create a value zone around here

SPX the 50 sma for the spx is down around 1173 (coincidentally, inline with bullish behavior the OEX is incumbent leader % basis, a healthy sign)

TRAN 50 sma runs thru 4458 closed yesterday 4618

DJIA 50 sma thru 11203 cash closed 11518

NYAD still climbs but still lags on a percentage basis not only to itself but more insightfully to the cash indecies but that's not necessarily a bear signal and may simply mean we are still lacking breadth and would suit a larger topping pattern as a laggard, an anecdotal pointer

TED interestingly/finally had a negative day displaying a very small sign of liquidity expansion into US equities......relatively speaking a thimble-full into an ocean

TLT another interesting series of daily lower lowers from a very large weekly top and we need to see a lot more of that to be encouraged about the long-term upside in US equities......

VXO closed ladened onto the 100 sma and has come down significantly implying a small lift inline with the current chop.....another bullish signal....

all these things are nothing of themselves, simply painting target zones.....a lot of the short open interest has gone out of the indecies, invokes the simple analogy of must go down to get up......

still looking to complete lower cash targets on the ndx and spx as per the charts from yesterday