articles of interest - spx, page-10

this is the link for the above jpegs


http://www.optionstrategist.com/weekly-charts?utm_source=Email+Updater&utm_campaign=6d6deb62dc-Weekly_Updater11_22_2013&utm_medium=email&utm_term=0_2f928c56ef-6d6deb62dc-394569658&mc_cid=6d6deb62dc&mc_eid=c5d2a13444

Stock Market Commentary 11/22/13
By Lawrence G. McMillan:

The stock market has had plenty of reasons to weaken, yet it can barely go down at all. This is a very powerful market.

$SPX has support at 1730, 1750, 1770, and now may have established another support area at yesterday's lows near 1780.

Equity-only put-call ratios generated sell signals this week.

Market breadth continues to be relatively weak. As a result, the breadth indicators generated fresh sell signals recently.

The one bullish constant has been volatility. $VIX has not even budged. $VIX would have to close above 14 to turn even modestly bearish.

In summary, the trend is bullish, and it seems that it's not going to break unless $VIX finally starts to rise, despite sell signals from put-call ratios and breadth