Score: –0 A bearish –0 on Friday, but an impressive hold on the lows. The auto scorer is off since it was unable to correctly process the 0 new highs on the Russell. The 52 week score is actually a neutral 0 as are all the scores. Each index showed improvement on...
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Score: –18 Last time we hit –18 was June 3rd and 6th. The next day attempted to rally but failed and closed red. That is a good thought for today. Failures all around and the RUT was not able to add a single new high! Last time that was? 6/23/2010 and began...
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Score: –18 With a market rejection of the Fed’s offer, the bulls just handed the ball back to the bears. Follow through is the name of the game today. 52 Week new highs failed on all three The 10 day cycles has now begun another down swing. The bears have two...
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Score: +2 By 11am y’day the breadth charts were at a maximum bull score. The late afternoon sell off took them down to just +2. This chart setup bullish at the peak of the day. This chart reflects the close and went negative on us. Our 50 DPI is just on...
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Score: 0 A contraction day for the bulls as they work very hard to consolidate a week of gains. Lower on the daily bars, but with upside momentum left this chart neutral. Ten day cycles fell back on all 3, but momentum remains to the upside 50 DIPS all remain above...
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Score: +18 The bulls hit their perfect bull score on Friday, they have not been able to push prices upward beyond here. If this is a bully rally from a correction, we should see some follow through in the next couple of days. 52 week highs are at their 2011 crash highs....
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Score: +10 We lost a little on breadth despite the higher price action. That is a bearish divergence and come from missing 52 week new highs on the RUT and NASDAQ. The Nasdaq and RUT missed putting in higher daily bars, signaling that the New Highs made the day before were unable...
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Score: +12 The bulls just have not been able to put in that perfect +18 bull score, missing on Friday with just a +2 on the 52 week new highs. The Nasdaq had a really nice day, as momentum is in the tech. Rut showed a similar peak. The NYSE remains...
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Score: +10 A large swing in breadth, but… we warned that an easy bull cycle was starting, that is to say that the hurdle for the bull scores are easy so some discounting is allowed. While we were happy with the 2:1+ a/d line on the NYSE yesterday, the fact that...
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Score: –2 The NYSE prevented the bulls from getting a bullish score on y’days action. So today NYSE will be front and center. If it can not join the party that should be a bearish tell. The 52 week new highs put in higher dailies on the RUT and Nasdaq but missed...
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