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: –2 Despite higher prices the breadth put in a negative score. We think the next 5 days will be very choppy. Only the 52 week new highs were able to perform. Flat and useless Getting ever so close to a negative score. Patience is needed. Follow me...
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Score: +2 The bulls have put in a weak +2 and we think the divergence is about to begin. The breadth top is in and now we wait for price to figure that out. Weaker 52 week new highs despite higher prices. 10 day cycles remain useless. Our 50 DPI...
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Score: –2 The breadth went into the bears den. We don’t think it will stay there too long. If all is ok, this should go positive today. This chart is impossible to predict. We need to see it moving again to get some signals. This might be the week...
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Score: +18 Big day for the bulls, taking a nice gap and running with it. Monday is all about follow through. 281 new highs on the Russell. Last time that happened was that sept-nov 2010 bull rally we have been using as a model. Back to flat for the...
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Score: +8 Bulls held an nr7 day positive. There is still life in the long side. The NYSE underperformed in the 52 week new highs but risk on was the word. Or 10 DHL continues to look like the prairie. Flat, The 50 DPI is starting to run...
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Score: +14 The bulls pushed with great breadth yesterday, popping the most 52 week new highs in over a year. Momentum continues to build. The 52 Week new highs continue to build to the upside. The 10 day cycle returned strong. The 50 DPI put in a perfect...
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Score: +2 Back to bull scores. Nice 52 week new highs. Nice build on the 52 week new highs. The 10 day cycles having a dip. Now we look for a decisive cross of the 20 DMA and the 50 DPI to call a top. Follow me on...
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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 Despite a tough day on Friday, the 50 DPI continued to move higher on breadth. We think a little relaxing is due this week and expect to see our first bearish scores in over two week. 52 Week new highs peak on Thursday of last week. Expecting to see...
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