Ian Woodward's Investing Blog

Archive for May, 2015

Stock Market: Happy Memorial Day!

Sunday, May 24th, 2015

My good friend Bob Meagher helped me put this Blog Note together with wishes to you all for a Happy Memorial Day!Memorial Picture

The Major Market Indexes which are long in the tooth hit new highs this week  and are now pausing to refresh:

Memorial Indexes

The Canaries have found support and are pausing to refresh:

Memorial Canaries

The S&P 1500 is pausing to refresh after jumping up into New High Territory this past week:

Memorial Pat

The Twelve Drummers need to breakout this week or we pullback before hopefully going up again:

Memorial Drummers

With luck, a fresh rally is on the way and we should expect the Accumulation vs. Distribution Ratio to drive the NASDAQ higher:

Memorial AD

%B x BW is still out of sync with %B, but with one more powerful move to the upside we should see things improving:

Memorial Woody

Although I am sure I am “Carrying Coals to Newcastle” as my English friends would say, I have to remind us that this Rally is very long in the tooth and a correction is overdue.

Memorial overdue

We have had a 44 Month run with a 90% gain so no wonder we are all biting our fingernails and wondering when the big dipper is coming:

Memorial big dipper

…And finally, here are the Near Term High and Low Targets…let’s keep our fingers crossed that we hit 5200!

Memorial Targetst

With best regards,


Stock Market: Bollinger’s “Bandwidth” Rules the Roost Right Now

Sunday, May 3rd, 2015

My good friend Paul Reiche made an astute observation when comparing %B versus %B x BW and wondered why the colors are not in “Sync” as shown in chart 7 below.  The value of the Woody Indicator (%B x BW) is to give a faster look at the market movement as he rightly says and at such times it pays to turn your attention to what the Bandwidth is doing!  I will cover this scenario in charts 7 to 10 below.

2015-05-03 Blog Fodder

Let’s first look at the Market Indexes to show the lay of the land and as you would expect it has been a choppy market to say the least for the past month:

2015-05-03 Blog Fodder2

The Canaries haven’t faired much better though NFLX and PCLN have been the stars with LNKD just taking a wallop:

2015-05-03 Blog Fodder3

Note that the Internals of the Market as viewed by the Accum. vs. Dist. Ratio also show that we are at Stalemate:

2015-05-03 Blog Fodder4

The choppiness we have had to put up with is quickly evident in this next favorite chart of ours:

2015-05-03 Blog Fodder5

…And here is the Drummers Chart which also shows the signs of a Choppy Market:

2015-05-03 Blog Fodder6

Now for Paul Reiche’s astute observation below:

2015-05-03 Blog Fodder7

So let’s go back in time and then bring us forward to date to see what happened in a similar situation:

2015-05-03 Blog Fodder8

…And here is the follow on chart which shows how everything got back in sync!

2015-05-03 Blog Fodder9

Lastly, we are back up to date and so we keep a beady eye on the behavior of the Bandwidth to ultimately bring us back into sync:

2015-05-03 Blog Fodder10

Let’s see what transpires over the next week or so.  Hopefully things will right themselves in the fullness of time!

Best Regards,


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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.