Score: -18 The 50 DPIs collapsed below the bear line on Tuesday, they need a second day to confirm, so we will wait for that today, should they remain below the line after today’s close than more downside would be in the prediction. Not much to say here. The 52 week new...
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Score: –14 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. Misses all around on the 52 week new highs. The 10 day cycles having a nice corrective phase. Our 50...
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Score: –10 Breadth is consolidating. The markets came up fast through the end of March and we continue to slide sideways waiting for another breakdown or a push up. The indicators have all pulled back enough now to provide ample head room for another run to higher levels, or we could continue to fall...
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Score: –12 Breadth hit hard on Thursday’s weakness. The 52 Week new highs did not fair well, and today will be the hardest day of the week for the bulls to hit their bullish targets. If we do get new highs in prices today we should at least be able to get...
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Score: +6 Breadth remains on the strong side despite some apparent price action. There is some internal correction going on as the market ruminates the current move. All three indexes put in new daily highs with the higher price action so no divergence here. The bulls need to at least match today’s...
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Score: +4 Despite my urge to short this market, I must wait for a different breadth setup. Currently underneath breadth continues to solidify for the bulls. The 52 Week new highs pushed a daily green bar on the RUT and NYSE. The Nasdaq continues to lag. The “Stealth” correction from this...
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Score: +8 An NR7 day. It is ok to take your time, but the bulls are having some strong days cycle through the calculation and if they don’t get moving back up we are going to make it easy for bearish scores. 52 Week new highs fell a little short, but MOMO...
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Score: +16 The bulls rule. No doubt about it. Wednesday they need to gain a little more momentum which they can do by holding the gap open. The NYSE didn’t quite pull it off yesterday, but the Nasdaq and Rut did ok. The 10 Dayers looker good all across the board....
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Score: –4 Breadth took a little healthy break on Monday to close down at –4. Although the ending was a little bit frightening, the overnight session have held up well, so I would expect breadth to open the day just fine and let us put in at lease a more favorable neutral score...
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Score: +18 The bulls have done 2 for 2. Let’s find out what today might bring. It will be really hard to keep up that momentum. Nice looking 52 Week new highs all around. We start a difficult cycle now for the bulls. The 10 Day cycle is looking good. We...
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