Ok, First for the easy one. We did get a Ned Davis 4% buy signal, so the Ned Davis system tracked at Redliontrader.com will go long on the open on Monday into UWM on Monday. Our system has been up 92% including the last chopped entry. Remember this system only has a 50% entry...
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We are currently tracking a rare Zweig Breadth Thrust Reversal signal, and it would fair well for all to heed. This signal is very rare and if it fires would signify a reversal strong enough to propel the markets up another 20% over the next 12 months. If it fails, like all the other...
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The ZBT reversal thrust developed by Dr. Zweig is hanging out below the traditional overbought area indicating that while price is going up it is not doing so on overly strong advance/decline lines. This is a healthy bullish reading indicating we still might have more upward price movement.
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![Zweig update.. still not oversold $STUDY [Chart]](http://redliontrader.com/wp-content/uploads/Zweigupdate.stillnotoversoldSTUDYChart_715A/image_thumb.png)
Here is the Zweig for the NYSE as of Tuesday’s close. Still not oversold @RedlionTrader
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I have been doing my daily countdown to see if we could get a Zweig buying thrust from the oversold to overbought area (it needs to travel the distance in 10 day to be official). We still have one more day left but mathematically now it is impossible. If we were to get all...
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The last two days of trading have really held back or Zweig and now with two days left it will be difficult to get the ad lines up there. I did some reverse calculations for the exponential moving average the Zweig uses and calculated that we would need a 9:1 adv/dec line tomorrow to...
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We took another breather today and the index is going to need on more rally in the next 3 days left to get up and over the 61.50 level and generate the 2nd thrust signal of this rally. What the heck is a Zweig Breadth Thrust?
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![Zweig Watch – Day 4 – Bears are getting nervous $SPX [chart]](http://www.redliontrader.com/wp-content/uploads/2010/07/image_thumb47.png)
We finished day four of the thrust with a ZBI (Zweig Breadth Indicator) at 58.60 closing in on the overbought value (61.50) necessary to complete and tag the current price performance as an official Zweig thrust. As a reminder, this is what the March 9th, 2009 thrust looked like on day 4: Then once...
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We are in an Zweig Breadth Thrust watch which is a 10 day window and we are now working on Day 4. This is the current status as of noon EST. What the heck is a Zweig Breadth Thrust?
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![Day 3 on the potential Zweig Thrust.. If we hit 61.50 in 7 more days the bears better run for cover $SPX [chart]](http://www.redliontrader.com/wp-content/uploads/2010/07/image_thumb34.png)
This is the opening intraday view of the Zwieg Breadth Indicator. What the heck is a Zweig Breadth Thrust?
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