{"id":8557,"date":"2013-10-08T05:15:36","date_gmt":"2013-10-08T09:15:36","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8557"},"modified":"2013-10-08T05:15:36","modified_gmt":"2013-10-08T09:15:36","slug":"sp-500-threatens-correction-but-nasdaq-holds-firm","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/","title":{"rendered":"S&#038;P 500 threatens correction but Nasdaq holds firm"},"content":{"rendered":"<p>The September quarter-end often heralds a correction as fund managers re-balance their portfolios and shed under-performing stocks. Congressional gridlock raises the probability of a correction even higher.<\/p>\n<p>The S&amp;P 500 continues to test support at the May high of 1675 on the daily chart. Declining 21-day Twiggs Money Flow warns of medium-term selling pressure; reversal below its recent lows would further strengthen the signal. Breach of support and the (secondary) rising trendline would signal a correction to primary support at 1625\/1630. Respect of the (secondary) trendline and recovery above 1700 is unlikely, but would indicate another advance.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"355\" title=\"S&amp;P 500\" alt=\"S&amp;P 500\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-08-spx.png?resize=525%2C355&#038;ssl=1\" \/><\/p>\n<p>VIX threatens to cross above 20, into no-man&#8217;s-land between low and high. Follow-through above 25 would warn of elevated market risk.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"355\" title=\"VIX Index\" alt=\"VIX Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-08-vix.png?resize=525%2C355&#038;ssl=1\" \/><\/p>\n<p>Dow Jones Industrial Average is heading for a test of primary support at 14800. Bearish divergence on 13-week Twiggs Money Flow warns of a reversal and breach of 14800 would strengthen the signal. Follow-through below 14500 would confirm. Recovery above 15660 is unlikely, but would indicate a fresh advance.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"355\" title=\"Dow Jones Industrial Average\" alt=\"Dow Jones Industrial Average\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-08-dow.png?resize=525%2C355&#038;ssl=1\" \/><\/p>\n<p>The Nasdaq 100, however, is surprisingly bullish. 13-Week Twiggs Money Flow troughs well above zero signal buying pressure, while the index advances toward its current target of 3300*. Breach of the rising trendline would warn of a correction to 3050.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"355\" title=\"Nasdaq 100\" alt=\"Nasdaq 100\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-08-ndx.png?resize=525%2C355&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 3050 + ( 3050 &#8211; 2800 ) = 3300<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The September quarter-end often heralds a correction as fund managers re-balance their portfolios and shed under-performing stocks. Congressional gridlock raises the probability of a correction even higher. The S&amp;P 500 continues to test support at the May high of 1675 on the daily chart. Declining 21-day Twiggs Money Flow warns of medium-term selling pressure; reversal &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;S&#038;P 500 threatens correction but Nasdaq holds firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[614,1113,2402,3014],"class_list":["post-8557","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-cboe-vix-volatility-index","tag-dow-jones-industrial-average","tag-nasdaq-100-index","tag-sp-500-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>S&amp;P 500 threatens correction but Nasdaq holds firm - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P 500 threatens correction but Nasdaq holds firm - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The September quarter-end often heralds a correction as fund managers re-balance their portfolios and shed under-performing stocks. Congressional gridlock raises the probability of a correction even higher. The S&amp;P 500 continues to test support at the May high of 1675 on the daily chart. 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Congressional gridlock raises the probability of a correction even higher. The S&amp;P 500 continues to test support at the May high of 1675 on the daily chart. Declining 21-day Twiggs Money Flow warns of medium-term selling pressure; reversal &hellip; Continue reading \"S&#038;P 500 threatens correction but Nasdaq holds firm\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2013-10-08T09:15:36+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-10-08-spx.png","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"S&#038;P 500 threatens correction but Nasdaq holds firm","datePublished":"2013-10-08T09:15:36+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/"},"wordCount":207,"commentCount":1,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-10-08-spx.png","keywords":["CBOE VIX Volatility Index","Dow Jones Industrial Average","Nasdaq 100 Index","S&amp;P 500 Index"],"articleSection":["Stock Markets","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/","name":"S&P 500 threatens correction but Nasdaq holds firm - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-10-08-spx.png","datePublished":"2013-10-08T09:15:36+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-10-08-spx.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-10-08-spx.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/sp-500-threatens-correction-but-nasdaq-holds-firm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"S&#038;P 500 threatens correction but Nasdaq holds firm"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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I avoided using the word \"consolidating\" because that implies a degree of calm. Far from it. Bearish divergence on 21-day Twiggs Money Flow continues to warn of medium-term selling pressure. Reversal below 1485 and the rising trendline would indicate a correction.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9102,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/04\/us-correction-confirmed\/","url_meta":{"origin":8557,"position":1},"title":"US correction confirmed","author":"ColinTwiggs","date":"February 4, 2014","format":false,"excerpt":"The S&P 500 broke support at 1770, confirming a secondary correction. At times like this it pays to look at monthly charts to gain a long-term perspective. The first line of support is at 1700. Respect of the secondary trendline would flag a weak correction indicative of a strong up-trend.\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-04-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-04-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-04-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9499,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/17\/sp-up-trend-still-healthy\/","url_meta":{"origin":8557,"position":2},"title":"S&#038;P up-trend still healthy","author":"ColinTwiggs","date":"March 17, 2014","format":false,"excerpt":"The S&P 500 retreated below support at 1850, warning of a correction, but the primary up-trend remains strong. Trend strength is depicted by this weekly chart of Ichimoku Cloud, with a buy signal at the start of 2013 and price holding high above a green cloud indicating trend strength. Bearish\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-03-17-spx-ichimoku.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-03-17-spx-ichimoku.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-03-17-spx-ichimoku.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8570,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/08\/dow-threatens-reversal\/","url_meta":{"origin":8557,"position":3},"title":"Dow threatens reversal","author":"ColinTwiggs","date":"October 8, 2013","format":false,"excerpt":"The S&P 500 broke support at the May high of 1675 and penetrated the (secondary) rising trendline, signaling a correction to primary support at 1625\/1630. Recovery above 1700 is most unlikely at present, but would indicate another advance. VIX crossed to above 20: no-man's-land between low and high. Follow-through above\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-09-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-09-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-09-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":9219,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/02\/16\/nasdaq-leads-market-higher\/","url_meta":{"origin":8557,"position":4},"title":"Nasdaq leads market higher","author":"ColinTwiggs","date":"February 16, 2014","format":false,"excerpt":"The Nasdaq 100 broke through its January high, signaling an advance to 3800*. Retreat below the (secondary) rising trendline is unlikely, but would test primary support at 3400. Another 13-week Twiggs Money Flow trough high above zero indicates strong buying pressure. * Target calculation: 3600 + ( 3600 - 3400\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"Nasdaq 100","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-17-ndx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-17-ndx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-02-17-ndx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7206,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/25\/sp-500-tests-2007-high-2\/","url_meta":{"origin":8557,"position":5},"title":"S&#038;P 500 tests 2007 high","author":"ColinTwiggs","date":"March 25, 2013","format":false,"excerpt":"The S&P 500 continues to find support above 1540 on the daily chart. Breakout above 1565 would signal another advance. A higher trough on 21-day Twiggs Money Flow would indicate medium-term buying pressure. Breach of the rising trendline is unlikely at present but would warn of a correction. Target for\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=8557"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8557\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}