Score: +6 The strong open on Monday pushed the 10 DHL chart into bull territory and it will take another strong day on Tuesday to keep the momentum going. The hurdle bars are starting to get high now as we have consolidated for the last 5 days. A breakout to the upside today is...
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If you are reading this on Monday morning then technology has not failed me. I am writing Monday morning’s summary on Saturday morning. Currently I am in northern Maine on a lack recovery from a day of white water rafting. I hope it was good! Friday gave us a little gain but did...
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Friday’s low gains had the underneath market improving. Each of the indexes, the NYSE, RUT, and Nasdaq put in stronger 10 day high minus low values and the momentum indicator continues to rise. Starting Monday the bar to keep the momentum indicator up will increase from 8% to 32%. That is a fairly major...
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The 40 DPI closed +6 on Friday indicating more strength to come. The 20 DMAs have now curled up and both the 20 DMA and the Index itself will be racing for the top.
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You can now download my 10 day highs minus lows chart from the Worden Stockfinder chart sharing system. It is available for free. This page will walk you through the installation. You must have StockFinder 5.0 in order to use this indicator. To download go here: http://www.redliontrader.com/indicators-3/stockfinder-5-0-10-day-highs-minus-lows/ Here is a video on...
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The 10 DHL has moved from neutral to bullish as of 3pm on Friday. This indicates renewed breadth bullish strength in the NYSE, Nasdaq and Russell 2000.
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As of 2pm the 40 DPI continues to strengthen in the bulls favor.
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I am back in Maine for the summer, my favorite season, for a summer of Sailing, Beaching and oh yeah, trading. That last part is not so bad with a view like this: This is the view looking due east. Next stop Spain, actually it is the southern tip of Nova Scotia then...
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TGIF? OPEX! Yeah.. I wonder if there are scalpers out there that only trade OPEX? Someday I would like to learn their secret but for now I just need to remember to cut down on my exposures and take profits quickly. Anywho.. our breadth charts remain divergent as they have churned between neutral...
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The breadth charts are all over the place after Thursday’s close. Friday needs to give us a clear direction to this market. This is my favorite indicator and it continues to get stronger telling us there is still more upside to come but it would be nice to get the other charts to confirm. ...
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