.. it is just chopping around in this neutral zone as confused as the rest of us on whether or not this market is going up or down. Unable to get into oversold or overbought. I am anxious to see how this resolves as this is the only indicator of the ones I closely...
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.. the NYSE is now 3 days flat. It was still enough to improve the 5 DMA giving us a + 5 on the charts. Thank you for subscribing.
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..during the mid-day report but still ended on the bull side of the now clearly up-sloping 20DMA. It would be nice to put in some pull-away type performances here. The strength was the NAZ and RUT which show nice recoveries from yesterday. The NYSE is a little less aggressive off the 20 DMA. Thank...
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… the moving average is moving up. The underlying market continues to improve but these weak hands that are not so sure sell off every time we make that new hand. Numerous Nellie’s in the market one of these time we won’t sell off and we can continue on a smoother upward move.. Thank...
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.. today’s weak toping action. Someday we will hold our highs or sell off. The market is teaching us to sell new highs and buy the close over the last few days. The early morning bullish pressure is what sets up the strength of my indicators. The New Highs spike, the 10 day high-low...
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barely after that afternoon bull stampede where even all the bulls evidently wanted out of the markets. This index on my mid-day post was happy as good be.. and then Tom, my trading partner in our trading room around 3:00 pm said something like “I think the correction has begun, going short”.. and it...
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We have been watching all week as the 52 week highs indictors were saying “buy” and the 10 day high-low indicator was confirming underlying strength in addition the Russell was starting to gain ground and the 40% DMA index climbed back up out of the bear zone things were looking pretty bullish. We did...
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The NYSE continues to put on higher new highs.. the NAZ and RUT have to put in a closing sprint here to put in the same strength here. Thank you for subscribing.
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but it would be better if we could get today’s bars up and over the previous day’s.. we will watch for a potential rally into the afternoon, or some underneath broadening strength in the A/D lines to see if we can continue the bullish upside sentiment. Thank you for subscribing.
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There continues to be improvement in the number of stocks above their 40 DMA. Earlier this am the NYSE (Top orange) had a lower value than yesterday, that has improved during lunch an now all are in the improvement camp. Thank you for subscribing.
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