Score: +10 The bulls have put four in a row and with the recovery of the 52 week new highs it appears they are not going to stop here. Watching the 10 day cycle for a change in momentum to put up a topping warning flag. All higher This...
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Score: +6 The bulls made it four in a row with a very lightly traded pre-Christmas trading day. The lack of 52 week new highs is a concern as the Nasdaq and Rut were got low enough to turn momentum. We are looking for a possible topping pattern if that continues today. ...
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Score: +18 The bulls put in a perfect breadth score. Gap open today.. Merry Christmas. It will get harder an harder for the bulls, we think there is one more good day in here to go. The NYSE new highs tag the 10/27 number, which was an exhausted top above the...
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Score: +14 Two days in a row for the bulls doth a trend make.. so the bulls win the battle of the bottom for now. We will watch the trend to the upside and see if there is follow through. The 52 Week new highs need to shine. Rough action in...
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Score: +16 Only the NYSE 50 DPI failed to cross into bull territory. That’s ok for me.. something to look forward to. The bulls need to show that they can follow through and keep the momentum on their side. All three indexes are above and beyond with upside momentum. ...
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Score: –10 The bulls got it shoved down their throats on Monday. Stuffed by the bears. The strong open, however, was enough to keep the 52 week new highs happy with higher days all around and the NYSE actually putting in more new highs than Friday, giving the NYSE a bullish score today....
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Score: +0 Breadth puts in neutral scores, which for the setup compared to the previous week, has a bullish blush. The 50 DPI is just a good close from going bullish and if we can extend higher highs today we should start to get more consistent bullish scores. Neutral is with all...
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Score: +2 The bulls managed a squeaker. The Russell 2000 was the winner on the day with all other indicators in the neutral area. We want to watch old Russell for follow through today. The scores will be somewhat masked today as we drop off the rally from last week from the calculations....
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Score: –16 Bears continue to pound the downside. The bulls have gained the easy side where the bears are going to have to work harder now to keep the momentum going. 52 Week new highs have gained downside momentum The 10 DHL’s only glimmer of hope was the the Russell’s 10...
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Score: -12 We have put two days below the bull/bear one on the 50 DPI which puts our longer term trend indicator into the bear camp and a sell the rips mentality. The gap up put the RUT and Nasdaq 52 week new highs momentum back on track to the upside, but the...
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