Score: +12 Bulls starting to loose a little momentum as they continue to expand prices to the upside. The RUT and Nasdaq 52 week new highs need some expansion over the next two days. The 52 week new highs missed on the dailies for the Nasdaq composite. That we will watch today....
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Score: +12 The upside has the momentum, now comes the hard and finding that dip to buy. The 52 week new highs from yesterday struggled but managed to pull off a 4 just missing the RUT for a perfect bull score. Eyes should be on the Russell today since it continues to need...
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Score: +18 The RUT came through yesterday in a big way and the 52 week new highs came alive, something that was causing us some concern. Look at that nice pop on all three for 52 week new highs. Nice pop on the 10 DHLs. All 3 of the 50 DPI...
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Score: +12 We remain concerned on the upside with the lack of 52 week new highs, they usually precede a bullish trend recovery and we are not seeing them. Only the Nasdaq made in a higher 52 week new high on Friday’s action. The NYSE tied and the Russell put in a dismal...
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Score: –4 Back to a bear score, the 52 week new highs, or the lack there of has us concerned and upside progress as quality buyers are not stepping in yet. 52 Week new highs remain our main concern with the NYSE and Russell not able to make higher dailies The...
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Score: +8 Breadth slowly turning the corner with 2 days in a row of bullish scores, but those 52 week new highs remain a concern. The Nasdaq was only able to tie those 7 new highs now 3 days in a row despite improving prices. The 10 day cycles are showing improvements...
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Score: +12 While we like the score a lot, our 52 week highs barely put in a positive score despite a breakout of a 3 day range. New Highs tend to lead any type of recovery. Very worth watching today. The NYSE and RUT put in ghost bars, that is they tied...
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Score: –4 We mentioned yesterday, and we repeat today, keep watching those 52 week new highs that have strung 2 days in a row of higher dailies. They are not hot yet, but they are perking. All 3 showing green yesterday. The 10 day cycles remain down, if we are heading...
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Score: +10 The bears are still to be respected with a +10 reading on the scale. We will watch the NYSE new highs for any gathering strength. Watch this closely over the next few days. The next 3 days will be tough to get bull scores, but after that, on Thursday...
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Score: –14 Back for the bears, they own it now having broken 1157 on ESu. Until the cycles reverse, sell the rips. We remain disappointed with the new highs show, there is no enthusiasm even for the good stocks. The 10 day cycles lost their daily, but the russell lost is...
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