por admin » Lun Dic 12, 2011 4:14 pm
AT
El S&P 500 debe romper fuera de la banda para indicar senial de compra
El S&P500 (SPX) esta confinandose en una banda mas angosta entre su 200 day moving average y la linea de bajas sucesivas, y la mejor oportunidad de compra sera cuando rompa esa resistencia de acuerdo a Auerbach Grayson &Co.
El llamado patron, formado entre las alzas mas bajas y las caidas mas altas, reflejan la indecision de inversionista, y el S&P 500 permanece vulnerable a la volatilidad mientras se quede en ese rango, dijo Richard Gross, technical analyst en NY.
Los inversionistas deben " hacer trading en la direccion de la ruptura," comprando acciones si el S&P 500 cierra arriba de 1,263, el 200-day moving average, o vender si cierra debajo de 1,175, la cual es la linea que conecta el punto mas bajo del 29 de Noviembre con la del 4 de Octubre.
El market esta atrapado, en cuanto salga de ese patron, definira la tendencia a seguir y podremos negociar en esa direccion.
S&P 500 Index Must Break Out of Band to Signal Buying: Technical Analysis
By Cecile Vannucci - Dec 12, 2011 12:07 PM ET .
The Standard & Poor’s 500 Index (SPX) is getting confined in a narrowing band between its 200-day moving average and a line of successive lows, and the best buying opportunity will arise only when it breaks out of that ceiling, according to Auerbach Grayson & Co.
The so-called coil pattern, formed by lower highs and higher lows, reflects investor indecision, and the S&P 500 remains vulnerable to volatility as long as it stays within that range, Richard Ross, a technical analyst at the New York-based brokerage, said.
Investors should “trade in the direction of the breakout,” buying stocks if the S&P 500 closes above 1,263, the 200-day moving average, or selling the index if it closes below about 1,175, which is on a trend line connecting the low on Nov. 29 with that of Oct. 4.
“The market is at a deadlock,” Ross said in a telephone interview today. “The coil is more indecisive. It speaks to that battle between the bulls and the bears. When you finally get a breakout from that coil, you win in a dramatic fashion and you really want to trade in that direction.”
The benchmark U.S. equity measure lost 0.9 percent this year through Dec. 9 and rebounded 14 percent from the Oct. 3 low. The S&P 500 hit its 200-day moving average three times this month during intraday trading, failing to close above it.
Volatility, as measured by the Chicago Board Options Exchange Volatility Index, also known as VIX (VIX), closed at 26.38 last week, 28 percent above its historical average of 20.56 since January 1990, Bloomberg data show.
In technical analysis, investors and analysts study charts of trading patterns and prices to predict changes in a security or index.