Score: –12 The bears have now put two in row and we are watching closely whether to join them or just wait them out. Our 50 DPI is the line in the sand. New highs have diminished quickly. The 10 day cycle is in a bearish mode and now 4 days...
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Score: –12 The charts were setup for the bears y’day and the bears took advantage of a weak close and today of a weak world response setting up another gap down. Warning flags are flying 52 Week new highs have fallen The 10 day cycles have taken a negative momentum turn...
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Score: +6 The bulls put in another positive score despite and NR7 day as the wider indicators improved their 50 DPI numbers. We are going to predict a –8 to –10 score on the day today which is a warning shot on a possible top. GAP down today, unless the bulls can...
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Score: +18 As one would expect the breadth score y’day was a perfect bull score. 52 week highs soared, 10 day cycle is back to bullish and the 50 DPI! Up to 84.8% of stocks are now above their 50 day moving average. We had been down to 8% on that indicator, so...
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Score: +18 The bulls regained their footing, now they need some follow through Follow through requested. Bulls need to at least match today. Easy goal line for the bulls today. Failure to achieve would be a sign of pending weakness The 50 DPI struggles higher, getting closer to extreme Follow me...
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Score: –6 The bears took some of the snort away y’day and breadth ended up at –6 as the 10 day cycles resumed their negative momentum. No higher on the 52 week new highs The 10 day cycles resumed their negative trend and today will be tough for the bulls to...
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Score: +18 A really nice Monday has the breadth at a perfect bull score. All engines firing now. 52 week new highs are blossoming as we pull back out of the dip. The 10 DHL momentum has changed back to the upside. The 50 DPI continues to reach. At some point it...
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Score: +12 Friday’s action saw some great bullish building breadth. 52 Week new highs are beginning to really move now. Today should be a fairly easy neutral day at worst. The 10 DHL is moving along happy putting in stronger days: Need to watch closely here for the Nasdaq and Rut...
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Score: –6 Bulls not able to hold breadth as 52 week new highs deteriorate and the 10 day cycles are in a bear mode. The indexes are going to need a great day today to recover bullish mode, that mean up and over the 100DMA The 10 DHL has establish a negative...
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Score: 0 The bears were able to punch the market down, but 52 week new highs blossomed, giving us a sign that things might be better than they appear. The cream of the crop is starting to float to the top. The 10 day cycle, however, has turned bearish across the...
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