S&P 500 Intraday Bias, 4/17/12

At 10:49 AM, the bias is neutral, suggesting consolidation.

S&P 500 Intraday Bias, 4/16/12

At 10:23 AM, the bias is oversold, suggesting buy weakness.

S&P 500 Intraday Bias, 4/13/12

At 10:51 AM, the bias is negative, suggesting sell the rallies intraday.

Update, 1:43 PM, the bias has strengthened to neutral.

S&P 500 Intraday Bias 4/10/12

At 10:11 AM, no clear signal: of the three components comprising the bias, one is oversold and two are neutral. One interpretation of this circumstance, is a day trader who is short could cover. Otherwise, not activity suggested.

S&P 500 Intraday Bias 4/9/12

At 10:57 AM, no clear signal.

S&P 500 Intraday Bias, 4/5/12

At 10:50 AM, after a strong open, the bias has quickly reached overbought; I am hesitant to say sell into strength, but that is the signal.


Update 1:45 PM, the overbought condition has been relieved. No clear signal now.

S&P 500 Intraday Bias, 4/4/12

At 10:01 AM, the bias is neutral, suggesting consolidation.

S&P 500 Intraday Bias, 4/3/12

At 10:23 AM, the bias is negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias 4/2/12

At 10:12 AM, there is no clear signal.


Update, 1:10 PM, still no clear signal.

S&P 500 Intraday Bias, 3/30/12

At 10:45 AM, there is no clear signal.

S&P 500 Intraday Bias, 3/29/12

At 10:21 AM, the bias is oversold, suggesting buy weakness intraday.

S&P 500 Intraday Bias, 3/27/12

At 10:04 AM, there is no clear signal.

Update, 11:24 AM, the bias is now negative, suggesting sell the rallies. 

For several days the bias has given negative signals and the market has trudged upward.

S&P 500 Intraday Bias, 3/26/12

At 10:09 AM, the bias is negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias, 3/23/12

At 10:28  AM, the bias is negative, suggesting sell the rallies intraday.


Update, 11:35 AM, the bias has strengthened to neutral. 

S&P 500 Intraday Bias 3/22/2

At 10:17 AM, the bias is negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias 3/21/12

At 10:04 AM, the bias is negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias 3/20/12

The bias opened towards oversold. At 10:23 AM, it remains negative and oversold, suggesting buy into weakness.

S&P 500 Intraday Bias 3/19/12

At 10:25 AM, the bias is negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias 3/14/12

At 10:13 AM, the bias remains overbought, suggesting sell into strength.

S&P 500 Intraday Bias 3/13/12

At 10:18 AM, no clear signal.


Update, 12:40 PM, the bias jetted up to overbought, suggesting sell into strength.