This indicator lately has not be performing well as we have rallied with market breadth weakness. There is an underlying sell going on that is not reflected in indices. (Maybe a flight to quality). Currently they are setting up to issue a buy signal, perhaps into the closing today if we rally, but if...
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This is currently the most bullish of the indicators I am tracking. I show a very similar setup to the July turn around in the breadth of the number of stocks trading above their 40 day moving average. Thank you for subscribing.
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I will do just one post tonight with all the indicators. Read the Mid-day post since there really was no change from mid-day to the end of day. I am only reposting to have an archive of the indicators. My summary is that some-type of sideways correction is still in place. We did...
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This is our one Bullish more neutral as it hangs so far for a second day above its 20 DMA. Any sell-off PM today should drive it back into sell signal territory.. Any strength and we will be safe here on this signal. Thank you for subscribing.
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Our 10 DAY hi-low on both the SP500 and Rut 2000 remain in sell mode. Thank you for subscribing.
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Even with a relatively weak ad line the Zweig sit pretty strong at just shy the 50% number. The next 3 days the math works out that weaker A/D lines will have a larger negative impact.. We are watching this for an un-expected turn up. If you are in the room and you see...
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Both the RUT and SPX are on the Sell/Hold side. The Rally was not enough to turn the indicator bullish. If tomorrow is positive, even NR7 positive it would be enough to turn this indicator. I will try to remember to run this index mid-day tomorrow for our trading room. It should give us...
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This is the most bullish of the indicators having rejected its one day in sell territory only to push above our buy/sell line (the 20 period moving average). This is a two day confirming indicator and one day either side puts it neutral. A follow through tomorrow on the high side would turn me...
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The Zweig did that kick thing.. the question for tomorrow is will it continue up in a thrust it will it back off down toward oversold. I believe we are still on our way down on this indicator where we will build a base for another rally thrust going into the end of the...
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The new highs failed to turn upward because of the height of the hurdle candle (d-5) that was being replaced. Tomorrow that hurdle is lowered down to 188 and gets easier all week for this indicator to turn itself around. Thank you for subscribing.
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