Despite the strength in the price action today there were some breadth issues to worry about. The poorer performance of the RUT and NAQ left our 40 DMA % Index indicators weaker on those two indices but the NYSE’s price action keep the group still this side of the bull bear line. Thank you...
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Nothing to say here that hasn’t been said over the last 28 days.. Hey isn’t that a movie 28 Days? Thank you for subscribing.
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.. it just languishes here.. there is no movement or break toward the upside or the downside. I did do some looking last night and found out that the indicator often spends a large amount of time in this neutral area. It appears that there is a higher probability of moving into oversold when...
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.. is bearish, along with the 10 Day High – Low chart which put in the same -6 score. Our 40 DMA % Index remains strong in here though with a +6 score adding together we get a -6 which keeps us in a bearish mood. Our holdout 52 Week RUT high confirmed today...
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Despite today’s bullish action into the close the New 10 Day High-Low shows waning momentum from the markets. The RUT remains the strongest in here. Nothing short of a gap-up and run will be able to keep the momentum from continuing to move down over the next 3 days. All three momentum indicators are...
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Our 40 DMA % Index chart has all three indicators still running is a bullish direction with their DMA’s acting with and upward bias along with the indicators. The weakest indicator is the NYSE which did however, manage to put in a positive day so all three indicators moved more positive today and are...
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The Zweig is now 26 days since being either overbought or oversold. although not that unusual it is the longest since the March 9th rally began and is another indication that this market is changing. Thank you for subscribing.
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We are rounding the corner here on the way down. The RUT was the strength today although all three put in lower new highs. It would take a strong open tomorrow to pull these back up. Usually we would get a couple more up days in these cycles so a two day stutter here...
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The momentum is now officially gone in the 10 Day High-Low. This mornings opening pretty much took care of that. We should new drift lower before regaining upward momentum. This indicator however could use an extra day here. You can see in the middle of November where it skipped a beat for a couple...
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Our 40 DMA %’s did not cross over their 20 day moving average putting this signals into a score of 0 or neutral. Look how strong the RUT and NQ are compared to the NYSE which is currently correcting harder than the others (but it is at 58% of stocks over their 40 DMA...
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