Score: +6 Day 8 of bullish scores. Hasn’t happened since this summer. Today with a gap up start will be more interesting. 52 week new highs took a step back. The ten day cycle on the Nasdaq composite put in a bullish day. It was the 50 DPI that tell...
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Score: +18 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. Nice run in the 52 week new highs The 10 day cycles continue to improve, they have a little upside...
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Score: +16 That makes six bull scores in a row and the gap up this AM won’t hurt. NYSE New highs missed, leaving this a +4 instead of 6. Our ten day cycles remain on an upswing. Out 50 DPI is showing breadth momentum. Buy the dips. Follow me on twitter:...
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Score: +18 Five in a row, that hasn’t happen since June 29th, and we rallied another 2.7% after that on $SPX. We have one more clue that this might not be like the other failed rallies. We still remain concerned about the lack of 52 week new highs. The 10 Day cycles...
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Score: +4 The bulls staved off the bears for a fourth straight day, just keeping a bullish day. We are now four days with a bullish score. We have not gone 5 days since July. The 52 week new highs still fail to impress. The 10 day cycles has...
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Score: +12 The bulls maintained a tied +12 unable to get 52 week new highs to fire. I guess they have all been here before. The good news is that 52 week lows have improved. The Nasdaq did manage to put in a higher daily and scored a +2 which the NYSE...
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Score: +12 The bulls continue to add up their breadth scores. We haven’t seen those 52 week new highs yet, so price is accumulating from buyer buying oversold issues and not buying quality. The 52 week new highs is currently the weakest chart of the three. Nice 10 day cycle in...
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Score: +6 The 52 week new highs missed adding any bullish score on Tuesday, so follow through is the name of the game today. Our 5 day cycling peaked yesterday, today the bulls should have an easy job. They need to eclipse yesterday’s totals to become bullish today. Same story here...
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Score: –12 Bearish breadth, but a little divergence on the 52 week new highs. Despite lower prices we put in a neutral 52 week new highs. There is a trickle of money flowing into quality. Note that the Russell did not go to zero new highs as it did on the previous...
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Score: –4 Despite the negative price action on Friday, the NYSE New Highs Jumped, a sign of money desperately seeking returns. The Rut too has a better day than Thursday. NYSE lead rallies don’t usually last too long, but they can be leaders for a couple of days until the RUT fuse...
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