Adding from the 3 charts below we score today a 12 out of 18 which continues to be bullish, but it is slightly weaker than yesterday +16 score. It bares watching, a weak start could mean another 3% type pullback for a run at the end of the year into the first week in...
More »
Adding from the 3 charts below we score today a 12 out of 18 which continues to be bullish, but it is slightly weaker than yesterday +16 score. It bares watching, a weak start could mean another 3% type pullback for a run at the end of the year into the first week in...
More »
The 52 week new highs for the NYSE, NAZ, and RUT today combined together for a score of +4 which is bullish and the same as yesterday’s score, although the weakness rotated from the NYSE to the RUT. The NAZ has now put in a solid 3 day run of 52 week new highs. ...
More »
The number of stocks trading above the 40 DMA went up today in all three of our tracking indices despite the sell-off into the close. That keeps this index into the very bullish camp. It look to me that the stragglers out there are moving up as the index price action is not advancing...
More »
The 10 Day High-Low moved from a strong bullish trend to a slightly bullish trend today with weakening bars in the NAZ (middle) and the RUT. I am really surprised at the RUT performance on this chart as it appeared to be the strength today yet today’s 10 day highs are lower that yesterday. ...
More »
There was much strength in the market on Monday, particularly in the NYSE. You can see on the chart how the NYSE’s last bar is green. This indicates that both the moving average is moving higher and the current bar is greater than the previous bar. While the RUT and NAZ had larger bars,...
More »
All three indices today made both higher bars and turned their 5 day moving averages positive. This is a sign of building strength. The NYSE made a higher new 52-week-highs value today (311)then the previous new high from 6 days before (see how the magenta bar slopes up.. if we draw a bar on...
More »
Wanted to try again doing a video to go over the charts using different software this time.. Enjoy.. Check out our trading website at http://ttthedge.com or visit us starting Sunday night at http://ttthedge.acrobat.com/Traders Thank you for subscribing.
More »
.. The NYSE improved its day to day strength on the 10 Day High – Low, but the NAZ and R2K weakened in here. This indicator for the markets now post a -4 (up from Thursday -6) due to the NYSE strength. Notice on the last Buy/Sell cycle that the NYSE flashed buy before...
More »
.. 0. Just like the 10 Day High – Low chart in the previous post, the 52 Week New Highs set higher bars than yesterday, but not strong enough to move the 5 day moving average back to the upward direction. The net score is therefore a 0. When added to the previous scores...
More »
