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Score: +0 We remain on the bull side of the trigger line but that difference is narrowing up. I expect on more thrust here before we top out but that needs to happen soon or we will crash into our signal line. Video: How to interpret 40 DMA % Index Download: StockFinder 5.0 ...
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Score: +3 It takes an exact daily match to put in an odd score and the RUT 52 week new highs matched Wednesday’s exactly. All three indexes now have rising momentum with the Nasdaq putting in a higher daily and the NYSE coming in weaker and the RUT a match. Video: How to interpret...
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Score: +4 All three indexes have positive momentum indicators now but the RUT daily was stunted and not able to make the missing +2 for a full bullish score. The RUT performance is a little disconcerting but we are in a good momentum cycle now for the next 5 days so any new...
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Score: +6T All three indexes remain above their short trigger signal and as predicted the NYSE is beginning to move sideways. The NAZ and RUT still have some headroom to the upside so I would expect those two to be the next strength on any new move to the upside. Video: How to...
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Score: +2 52 week new highs have hit a sweet spot in the momentum cycle and with any type of strength over the next few days should start putting in stronger scores. The NYSE has already turned bullish with the Naz and RUT having turned the momentum indicators up but a slightly weaker...
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Score: –6 We are trying to establish a trend but having difficulty keeping the momentum going. The daily bars on all three indexes put in lower bars with lower momentum on Tuesday moving the score from neutral to bearish. Video: How to interpret 10 Day Highs minus Lows Download: StockFinder 5.0 10...
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Score: -6 The bulls took a little step backwards today as far as 52 Week new highs are concerned. All three indexes put in weaker new days and have all the momentum indicators now pointing to the downside. Video: How to interpret 52 Week New Highs Follow me on twitter: @RedLionTrader
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Score: +0 Monday had us all bullish on the 40 DPI but Tuesday’s weaker close put us back to neutral. There is not much upside room for NYSE but it will be interesting to see if the Nasdaq and/or RUT can reach the top of their range over the next couple of days. ...
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Score: +2 Monday’s 52 week new highs put in bullish scores for the day on NYSE and while putting in improving strength on the Naz and Rut it was unable to bend the momentum bars. Video: How to interpret 52 Week New Highs Follow me on twitter: @RedLionTrader
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![10 Day highs minus 10 Day Lows turns to corner to neutral from bearish $spx [chart]](http://redliontrader.com/wp-content/uploads/10Dayhighsminus10DayLowsturnstocornerton_6325/image_thumb.png)
Score: +0 The 10 DHL put in higher daily bars on y’day strength but still weaker than 5 days ago and hence unable to change the direction of the momentum. Tuesday will be a difficult day for a momentum change also but the cycle starting on Wednesday of this week becomes much easier...
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