Market Profile & Outlook

Market Outlook

MONTHLY – Bullish. However fourth month higher. Overbought on this time frame. 

WEEKLY – Bearish. Large weekly decline engulfing last four weeks of consolidating action. 

DAILY – Bearish. A move below prior day’s low, however trendline support and prior highs have held thus far. Outlook becomes more bearish if we close a daily bar below yesterdays low.

Dow Jones Industrial Average 16417.01 -41.23 -0.26%
S&P 500 Index 1781.56 -8.73 -0.49%
Nasdaq Composite 4083.61 -44.56 -1.08%
Nasdaq 100 3509.02 -32.46 -0.92%
Russell 2000 1127.73 -16.41 -1.43%
Spot Gold 1256.67 -14.30 -1.13%
Crude Oil 95.73 -1.19 -1.23%
NYSE Overall Volume 3,992,839K n/a -13.80%
Nasdaq Overall Volume 2,357,846K n/a -4.73%
NYSE Breadth 2.34 : 1 negative
Nasdaq Breadth 4.25 : 1 negative
NYSE Breadth Ratio 29.98
Nasdaq Breadth Ratio 19.04
NYSE Advancers/Decliners -1477
Nasdaq Advancers/Decliners -1410
NYSE Trin 1.56
Nasdaq Trin 1.18
$VIX 12.53 0.25
Market Profile and Pivot Points for ES and NQ for Tuesday  
How to put value areas and breadth bubbles on your charts – click here
ES

NQ
Value Area High 1787.25 3527.50
Point of Control 1781.25 3508.00
Value Area Low 1774.75 3492.00
R3 1812.83 3604.25
R2 1801.92 3573.00
R1 1788.83 3538.00
Pivot 1777.92 3506.75
S1 1764.83 3471.75
S2 1753.92 3440.50
S3 1740.83 3405.50

dwbstreet / January 28, 2014 / Uncategorized

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