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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Score: –16 The bears own the breadth again, but a 5 day bullish cycle begins today. Any bearish scores from now are really bearish, neutral scores should be considered bearish. Bullish scores need follow through. The upside thrusts continue to fail, now with lower 52 week new highs. That is a bearish...
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Score: –4 The pop on the 52 week new highs makes us think more upside to come. All three indexes improved their 52 week new highs indicating that investors are still willing to put money into quality. The 10 DHL needs to start playing, it continues to have downside momentum. This...
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Score: +6 The bulls moved the line in their favor yesterday and the 50 DPI is back again in buy the dip mode. The 52 week new highs looks good. There was a scare an hour before closing, we thought that we would not stack the higher daily we seek to keep...
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Score: –4 The bulls did their best to make up for the Labor Day gap down delivered to the US compliments or Europe, but breadth remained negative. Follow through today would put a bullish blush on the score, so watch 52 week new thighs (which did remarkably well). All three indexes added...
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Score: –14 Friday was a washout for the bulls, as the bears put in a decent –14 score. Only the NYSE remains in bull area on the 50 DPI now. A 2nd day of weakness needs to hold to confirm our bearish mood. 52 week new highs are trending bearish now. Only...
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Score: 0 The bulls were pushed back to the neutral line today. This will be a real test today as the markets gap lower. The 50 DPI sits right on the bull bear line and anything less than a breakeven close should have us with some negative breadth numbers. All three missed...
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