Surprised this afternoon after running the numbers, the SPX is actually flashing buy in here. The Rut as you can see is correcting nicely (evident in its A/D line today also). The RUT 10 day high – low % is -46%.. Typically -60% area marks the low of the correction for this index. The...
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No underlying improvement here as the market continues to correct. I favor the downside still. Thank you for subscribing.
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The week was a Thanksgiving shortened week with a debt crisis thrown into the middle. Last week I called for a rally to 1105 followed by a sell-off to 1060 area – the range turned out to be 1111.50 (off by 6.50) and a low of 1067 (off by 7). So I must have...
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Surprised at the 52 Week New High indicators The real reason I go through the hassle of publishing my charts is to force me to examine them and “see” what they have to say. On Friday at the close I thought the 52 week new highs had pretty much established their bearishness along with...
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Zweig 10 day A/D looking towards the weak-side. The Zweig is heading back yet once again to the oversold area where in my opinion it needs to get to in order to put together a final possible push into the end of the year. Monday will be an exciting day, either more selling,...
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Our week-ending 10 Day High – Low for the NYSE finally looks like it is correcting after almost 10 days on a confusing sell signal, price finally followed through to the downside. Dubai or not Dubai that is the question. Would the market not have sold off except for the Dubai news? On...
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Our 40 DMA % Index went from being our only bullish signal on Thursday into a sell signal by the time the markets were closed early on Friday. Compare this chart to the last one published. You can see a history of this chart by selection 40 DMA % Index in the upper...
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I will be posting my weekly charts as the day goes on. Sometime tomorrow (Sunday) I will wrap up a conclusion for the next 3 to 5 days giving my extend forecast for the week. Take a look at each chart as they are published and let me know what you think the week...
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A funny thing happened on the way to the top this week. The underlying market breadth has been going through a correction. The signal that have served me so well during this bull run are once again setup to start firing “BUY” from a prolonged sell signal that saw no follow through price...
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We are building up another stack of new highs, or we could be still coming down from the last stack. The way the math works out on this indicator a close with above 188 new highs today would issue a buy signal on the NYSE. We already had one false flash on the RUT...
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