Score: -8 For the first time since this rally started in December, our breadth has put in two negative days in a row. The divergence between breadth and price is under way. Russell is still struggling to regain upside after the 250++ new high spike from last week. Today will end a...
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Score: –8 The bears scored their first negative score in two weeks of trading. We don’t think it will last for long with a high probability of at least neutral or back to bullish today. Lower 52 Week new highs all around, but an easy day for a bullish score and...
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Score: +8 So today is follow through day. Can they keep the momentum up for a 2nd day? The breadth action has been weakened enough to make scoring easy and a second day in a row gap isn’t going to hurt the cause. It won’t take much to get this chart turned...
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The weak markets and Wednesday and Friday’s selling caused the Ned Davis 4% indicator to move to sell. We will be selling the UWM at Monday’s opening price and begin looking for a Ned Davis buy signal. Note Sure what a Ned Davis 4% system is? Read more about it here and get...
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Score: +16 Nice day for the bulls on Friday as the DOW shoots up over 250 points. That set the momentum back into the bulls column. We have a wedge forming on the SP500 with lower highs and higher lows now. We continue to watch breadth for a clue on a breakout direction. ...
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Score: +6 Twofer for the bulls. Monday will begin a new cycle in the new highs, and Tuesday if all goes well should produce our first full bull score again. 52 Week new highs are starting to build again. They need next Monday or Tuesday to be setting anything but neutral scores....
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Score: +14 In what can only be considered an impressive comeback, the bull regained their footing and pushed the breadth score back into bull territory. Follow through being watched today. The NYSE new highs were very impressive. Today’s open should we end up with this gap up should help propel the Nasdaq...
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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: –0 A bearish –0 on Friday, but an impressive hold on the lows. The auto scorer is off since it was unable to correctly process the 0 new highs on the Russell. The 52 week score is actually a neutral 0 as are all the scores. Each index showed improvement on...
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Score: 0 A contraction day for the bulls as they work very hard to consolidate a week of gains. Lower on the daily bars, but with upside momentum left this chart neutral. Ten day cycles fell back on all 3, but momentum remains to the upside 50 DIPS all remain above...
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