Score: –10 Five bear days in a row. That is very bearish on the breadth. The cycles were setup for neutrals and then bullish scores for today. That didn’t happen. Should we ever get a day were we are not gapped down, the bulls would only have to hold to begin to turn...
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Score: –16 The bears missed by just two points with the NYSE putting in a neutral score. Tomorrow starts a bull easy cycle so if they can get the score to neutral today that should setup for a 2nd good day. The NYSE 52 week new highs was the only non-bear...
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Score: –4 Despite the easy setup for the bulls, price just could not rally nor could the breadth on Friday. 52 week new highs were all over the place. The 10 Day cycle managed to put in a neutral day. In our 50 DPI, the russell managed to...
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Score: –14 The bears beat down the bulls, outside all the areas yesterday and established a bearish foothold which now puts us into a sell the rips mode which means adding shorts on any 3 to 5% upside moves. . 52 Week new highs hold onto upside momentum on the RUT and...
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Score: –6 Just when things were looking good for the bulls the markets hit the top of their resistance and fell apart, leaving the breadth scores in disarray. The consolidation pattern remains intact but now on the bottom of the range. The nice building 52 week new highs pulled back. The ten...
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Score: +6 Ignoring the weak overnight session that is out of USA trader’s hands, the breadth data in our opinion favors the bulls. Because … … All thee indexes are showing gather strength in the 52 week new highs… .. ok so the 10 day cycles are a problem. The easy bull...
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Score: –10 Bulls never had a chance from the start and the 50 DPI has slipped back into bear territory for the RUT and NASDAQ. The NYSE held strong. We are at a bull/bear crossroad here and the charts leave us confused with the higher 52 week new highs on the RUT and...
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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: –2 Our 50 DPI remains below the bull/bear line for a second day so officially we are in sell the rallies mode making us bearish as far as breadth goes. If we find ourselves counter-trend trading for two days with a 50 DPI above the bull/bear line we will of course reverse....
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Score: –16 A punch down on Eurozone news pushed the bulls back into bear camp. The response today with cooler minds will let us know. The best the 52 week new highs can do is go neutral unless we really rip. Any bullish scores today would mean 1300+ on the SPX. ...
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