.. it is just chopping around in this neutral zone as confused as the rest of us on whether or not this market is going up or down. Unable to get into oversold or overbought. I am anxious to see how this resolves as this is the only indicator of the ones I closely...
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We have been watching all week as the 52 week highs indictors were saying “buy” and the 10 day high-low indicator was confirming underlying strength in addition the Russell was starting to gain ground and the 40% DMA index climbed back up out of the bear zone things were looking pretty bullish. We did...
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Our rally continues but one of the concerning breadth indicators the Zweig continues to fail in it confirmation. The A/D performance is just been choppy failing to send the Zweig into its overbought status, a sign of missing market breadth. We haven’t had one of those all out days here with a closing 9:1...
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For the last 10 days we have just been drifting around here in the neutral zone on the Zweig, unable to sell off and unable to rally. We have put two days of improving Zweig values together. We have not been able to make the 3 in a row for the past 10...
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Zweig 10 day A/D looking towards the weak-side. The Zweig is heading back yet once again to the oversold area where in my opinion it needs to get to in order to put together a final possible push into the end of the year. Monday will be an exciting day, either more selling,...
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A funny thing happened on the way to the top this week. The underlying market breadth has been going through a correction. The signal that have served me so well during this bull run are once again setup to start firing “BUY” from a prolonged sell signal that saw no follow through price...
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Even with a relatively weak ad line the Zweig sit pretty strong at just shy the 50% number. The next 3 days the math works out that weaker A/D lines will have a larger negative impact.. We are watching this for an un-expected turn up. If you are in the room and you see...
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The Zweig did that kick thing.. the question for tomorrow is will it continue up in a thrust it will it back off down toward oversold. I believe we are still on our way down on this indicator where we will build a base for another rally thrust going into the end of the...
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Our Zweig has failed to make it into overbought and indicates as it has in the past during this run that this thrust is over as far a making new highs. I expect a return at least to the red line area before the markets mount another push for the top. We could get...
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In Dr. Martin’s Zweig’s winning on Wall Street he presents a trading idea that was inspired by the work of his friend Ned Davis. It is a very simple trading method based on weekly data from the Value Line arithmetic index. The rules are quite simple and the results are impressive. Buy – Buy...
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