Remember that sentiment indicator? I have not used it in a while since we really were not getting any 52 week new highs, but this rally is turning that around and twice in this rally we had new highs greater then 100. That has not happened since last fall. In the traders room we...
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This is my Zweig panel that I watch on a daily basis: Hopefully it is readable. I have it set up the charts so that the charts on the left-side are more “broad based” , that is the universe of stocks they track are large and relatively unrelated. The charts on the right are...
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Some of our members are still not using the website and some of the features we have added, with even more coming. First let me give you two links. http://pv.ttthedge.com This is the link that will take you to the members only area of the website. If you are a paid-up member and have...
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Not exactly. But close, maybe close enough for technical work. For those keeping score at home and who have been following our tracking of the Zweig Breadth indicator, recall that a special thrust firing (ZBT) of the indicator occurs when it moves from oversold to overbought in 10 days or less. This occurs rarely...
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I have added to the member’s website at http://pv.TTTHedge.com the following conversion chart that will allow non-futures enabled traders such as myself to trade along with Tom’s futures calls. The chart included in this mailing/posting is non-dynamic and the share equivalents change every day, so to get the current data you must go to...
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Lots of news today which should reveal the nature of our new bull market. If the Bull is back in full charge any bad news will be absorbed without any real reaction. The earnings season has started very strong with better than expected reports from Goldman and Intel setting the stage for a financial...
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Lots of news today which will be revealing of the nature of our new bull market. If the Bull is back in full charge any bad news will be absorbed without any real reaction. The earnings season has started very strong with better than expected reports from Goldman and Intel setting the stage for...
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I have had a couple of people ask me what the Zwieg Breadth looks like now.. So here it is for the NYSE: If we are completing the pattern in the crayon thick trendlines then the ZB should continue to move down and touch the bottom descending trendlines placing the NYSE ZB into oversold...
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First before we talk about the status of the ZB indicator I wanted to show the famous Head and Shoulders SPX chart. Some of our newest members, welcome by the way, are quite new to trading and I want to make sure that the danger marker is understood. Here is a chart of the...
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Yesterday we showed the divergences in the the ZB indicator for several markets and indices. The NYSE, the real base market for the ZB, show a slight upward ZB while many others showed a downward ZB. As promised I would reveal the winner the next day, and as you know, the NYSE and the...
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