Right

Score: –6   Our NR7 yesterday put the bears back on the score board, but the gap open today should resume the upside momentum we witnessed last week.   FOMC and OPEX should make for some interesting action today.   Our 52 week new highs reached their momentum goal, maintaining last week’s upside momentum but...
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Score: +12   Friday was about as good as it could get for breadth.  The momentum on the 52 week new highs are back to bullish and the next two days, particularly tomorrow is favorable for bullish scores.      Perfect on the 52 week new highs.  We are looking for a cluster now...
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Score: +4   The bulls converted the day’s before neutral score to a bullish score and set the 10 DHL onto a positive cycle.   Bears better be cautious here as this could move quickly to the upside.      Two in a row on the 52 week new highs.     The 10 DHLs...
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Score: +0   The bulls managed to stop the bleeding, now they need to start stringing together some positive scores.     52 Week new highs bottomed, at least for a day.   The ten day cycles should be the first to put in a bullish score.  We would expect the Russell to lead...
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Score: –18   We had been skating on thin ice for about 15 days and the markets broke through yesterday.       52 Week new highs almost disappeared, and while today starts an easier cycle for the bulls, the damage done yesterday really restarts a 5 day cycle of which the next 3 will...
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Score: –18   The RUT is melting to the downside and the breadth is waning also.  Our last time upside move appears to be happening from a lower level.  Bears put in a perfect bearish score.     All three indexes to the downside.     It is all about finding small cap buyers....
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Score: –0    Ahhhhh.. painful isn’t it..  Sideways continues without any pricing action follow through.  Keep watching the breadth for a sneaky re-constitution to the upside.   The RUT and NASDAQ need to build some more 52 week new highs to turn the momentum up.     Same comment here, the 10 day cycles...
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Score: –12   The bears knocked the bulls around a bit yesterday, but still have not violated them despite the string of negative scores.     We have managed to freeze the number of 52 week new highs and are now two days neutral.     The NTSE is proving pretty resilient in here...
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Score: –12 The breadth continues to show a stealthy correction with breadth continuing to weaken but price not following through.  We still think there is one more pop in here.     The Nasdaq comp was not able to pull it off yesterday.     The 10 day cycles are not really confirming the...
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Score: –16   The bears put in a nice negative score with a green price candle.  The market is on the edge of breaking out in either direction and the next 3 days are critical for both sides.     From a bad start our 52 week new highs just didn’t quite have enough...
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