Score: -14 Bearish indications all around now as the 50 DPIs start establishing themselves in bear territory. 52 week new highs are bearish all around. The 10 day cycles remain flat still The 50 DPIs are in bear territory except for the Nasdaq Comp. Follow me on twitter: @redliontrader
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Score: –2 Bulls were pushed back into the close, we are looking for a response back today. Still a nice stack for 52 week new highs, we want to see a rally back today without being bullish on the 52 week new highs. We don’t want these 10 Day cycles...
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Score: +10 Watching the 10 day cycles for a bullish score. That would flip us from bearish to bullish. Yesterday’s price action was a momentum changer for the 52 week new highs.. The 10 DHLs didn’t change momentum, but they will today unless we fall from the sky. The...
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Score: +2 The bulls regained the breadth on Friday. We think that should be short lived if we do an XYZ top. We would like to see a higher score today and bullish score. The 52 Week new highs have not turned around their momentum. Out ten day cycles...
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Score: –18 If life is all well in rally land, this should be bounce day today for breadth which has weakened considerably. 52 Week new highs continue to dwindle. Our ten day cycles remain poor at best. We would like to see a rally in here. Our 50 DPI...
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Score: –12 The bears had a 2nd day of follow through. There was some progress on the 52 week new highs for the bulls, but the 10 day cycles remained week as does our 50 DPI. Neutral score for the 52 week new highs. The 10 day cycle continues to...
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Score: –18 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. 52 Week new highs were down across the board. Our ten day cycles are bearish now The 50...
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Score: +12 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. 52 Week new highs were down across the board. Our ten day cycles are bearish now The 50...
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Score: +16 Wow, those bulls are stubborn. A really nice +16 score and until we see our 10 day move down we are not convinced of the top in place. There is a nice gap down this am, watch the 10 day cycles as we move into thicker mud here for the bulls....
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Score: –4 Friday’s breadth ended up on the negative side. The NYSE on the 52 week new highs has turned bearish. That needs to correct. A negative score on the 52 week new high will underscore today a possible top in place. A prolonged top most likely. They cycles turn...
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