Score: +16 It was the bull’s turn yesterday and today they have to hold this gap to claim a victory. We have see-sawed our breadth since Dec 17, that pattern could break today. Our 52 week new highs look goo. The 10 day cycles are looking decent. Today will be a...
More »
Score: -6 The bulls failed to follow through on Friday leaving the breadth again cycling in an every other day pattern. While the Nasdaq did its magic, the NYSE and RUT disappointed. The NYSE has negative momentum now. Waiting for a wind in either direction. The 10 day cycles have...
More »
Score: +16 Nice breadth by the bulls, so back we run in a day by day battle here. Someone needs to follow through to get the crown. Breadth and our 50 DPI remain on the bull side so buy those unbelieved dips is the mantra. 52 Week new highs missed turning...
More »
Score: –12 We were looking for follow through and we got pushed back. Breadth took a move to the bear side. 52 week new highs never got off the ground and have regained downside momentum. The ten day cycles were all down, but an easy day for the bulls is...
More »
Score: +14 Breadth strengthened back into the bulls camp with a nice gap up and hold. 52 week new highs remain at 6 month highs. Our 10 day cycles need a little up and go action. The 50 DPI continues to strengthen. Follow me on twitter: @redliontrader
More »
Score: –8 Nice gap open developing this AM in the USA. We have extended the highs now. With a hold or run, the upside momentum will be restored and the trend remains up after a 5 day consolidation period. The RUT and Nasdaq need to hold their highs today. ...
More »
Score: +6 The bulls pushed pack the Wednesday punch. Last day of the year and charts favor the bear side today so if the bulls can hold neutral or make bullish scores today that would be a big plus for the upside. NYSE just squeaked it out. Bulls need a gap...
More »
Score: –16 Bad day for the bulls.. Bears either need to follow through or bulls take the reigns here. An inside day will be consolidation pattern. Bears stopped the momo here for the bulls. A second downside day will set the trend. Only the NYSE held to neutral.. just...
More »
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...
More »
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. ...
More »
