After putting in a mixed bullish day Tuesday; Wednesday the 10 day high minus low moved to neutral on all three indexes. Each put in higher back-to-back daily bars but they were unable to reach the heights scored just 5 days ago when we were at these same price levels. Tomorrow is...
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The 10 ten day high – lows show the Russell’s strength but the also showing the NYSE’s weakness here. The chart scores a +4 which is quite a turn around from the perfect bearish (-6) score from the previous day. The market is telling us it is not quite ready to go down. A...
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The 10 day high minus low indicator for the NYSE is the difference of the percentage of stocks making 10 day highs and 10 day lows. The index created is a nice breadth indicator showing the strength of the underlying markets. As of January 28th this indicator for the NYSE is showing a...
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I woke up this morning to an outside temperature of one degree. As the Maine comedian Bob Marley (not to be confused with his Jamaican polar opposite) would say it is "effing"cold. According to Bob, and I agree, there is a temperature that is so cold that only an expletive can capture its degree...
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.. all three indicators built strength today. The DOW which I do not track was the lacked and the RUT was the leader. It looks like one more day or at least one more attempt at a high or a high is in store. I would expect the NYSE number to reach into the...
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.. the NYSE. You will see the NYSE show up weak in both this chart and the 52 week new highs. It is this lagging that kept today’s movement from being extremely bullish. The NYSE bars put in nice recovery over the last three days but the strength did not match the strength of...
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.. 0 which is neutral. We moved from a -6 to a 0 with all three indices gaining points on having a higher raw index value, but that value was not greater on any of the indices than 5 days ago, so the moving averages all score a -1 for a total of -3...
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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. ...
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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,...
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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.
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