The 10 day high – low indicator runs through all the issues in the Russell 2000 and SP500 counting the number of stocks hitting a new 10 day high and subtracting from the count the number of stocks hitting a new 10 day low. The indictor for Monday shows a downward bias to the...
More »
The 40 DMA % Index runs through all the NYSE stocks and counts the number of issues that are trading above their 40 day moving average. An indicator crossing below the 20 day moving average of the indicator has been a sell signal. A filter of 2 days applied makes a confirmation. We...
More »
Our Zweig has failed to make it into overbought and indicates as it has in the past during this run that this thrust is over as far a making new highs. I expect a return at least to the red line area before the markets mount another push for the top. We could get...
More »
On Friday, the NYSE 52 Week New Highs remained weak indicating more downside potential. To turn the indicator around on Monday we would need 338 New Highs. Only a strong gap opening would get us there. Watch the futures tonight. Thank you for subscribing.
More »
This posting is more of a rant then anything. Here it comes. I hate posts that contain feeling words when it comes to market information. We have all read them: It sure feels toppy in here I think we are oversold Seems like the bears are in control What bothers me is that …...
More »
Click on image to go to website to play.. Thank you for subscribing.
More »
I did a little research looking for times when the $SPX was making new highs but the $RUT was in an extended period of correct. I found this Bull market take off In 1995.. It is interesting that it aligns almost exactly to the day of the year. What our $SPX vs.. $RUT look...
More »
You hear it every time the unemployment numbers comes out.. “Yeah its bad but unemployment always lags the recovery” That is true when measured against stock prices, but how much is the lag? About 6 months on average, you can go out 9 months but 8 months is a maximum norm. 8 Months from...
More »
Plotted this out this morning. $SPX vs. Unemployment rate. The strength of the spike as you can see since 1960 is unprecedented. I hope we start to see a topping here soon. This economy is still very damaged. Thank you for subscribing.
More »
The 52 week new highs totally fell apart today. It will take a couple of days of re-building A/D lines to begin popping the new highs up. Notice how we were unable to build a pile as large as the last thrust, this market is starting to run out of steam. Thank you for...
More »
