Charts roundup and review for February 2

Kosta has written on the topic, CPCE analysis -- is the top in? is the bottom in? at his blogspot - worth checking out. And, here's a charts roundup and review as the markets have started to absorb the "new money" typically coming into equities at the beginning of the month.

First - I've gotta feel good that TLT seems to have recognized the support level described here over the weekend.

While U.S. Steel (X) disappointed me as shown earlier today, the banking index held in - considering the times - which may have helped the broader indices as well ... not to mention the Nasdaq outperforming. That concept of the tech stocks being relatively stronger is something we haven't talked about for some weeks - I basically give it credence, but would rather get confidence in the overall markets finishing their low first. Looking at the daily charts (below), I'm not seeing anything that changes my overall outlook:



Gold and the dollar (marked here by ETF proxies, GLD and UUP) look consistent so far with the ChartsEdge weekly cycle chart for gold, meaning rather indeterminate at the beginning of the week but be alert for that to change later this week:



Both VIX and TRIN look like much of the action today was actually a reaction to having opened at extreme levels:



The yen marked by $XJY in this chart closed above the pivot we've identified at 111.49:


And here's the TickerSense blogger poll for this week - looks like the bull horns are coming in a bit. (We typically regard this poll as more predictive than the sentiment exhibited by the investing public at large, since this poll only encompasses those whom TickerSense believes to be more reliable - check out the TickerSense site in the list at right, where you can find more information on it.)