The 10 day highs minus lows continue to build to the downside and puts in a –6 score for the day. There is still downside room for this indicator to run before turning bullish.
More »
Posts Tagged ‘ Daily ’
10 Day highs minus lows swinging lower –6
40 DMA % Index still on a sell signal
The 40 DPI is still on a sell signal on all three indexes as the slope of the 20 DMA used to trigger the buy/sell signal is beginning to flatten out. But until we get crossings on all three and from these levels two day of crossings I would be bearish to neutral at...
More »
52 Week new highs have NYSE at neutral
Despite the continued weak action and the fact that we are down some 50 SPX points from Friday’s highs the NYSE managed to put in more new highs than Friday adding two into the close. The RUT matched Friday’s number (whoopee 2) . Looking over the NYSE list you can see there are mostly...
More »
Summary
Friday, if you had any bullish sentiment the market action quickly smacked those thoughts away. I was honestly expecting a big follow through day to cap the week and set the new bull leg on its way, instead of the 300 points up that I thought me might get we had and orderly evacuation...
More »
Zweig has lost its way..
The Zweig thrust we were looking for is now very doubtful. Wednesday is the cut off date and three times we have not been able to get above that 55 level. It would take a market memorable event over the next three days to get us there but for now it looks to...
More »
52 Week highs – slumping again in bear area. – 6
The 52 week highs confirm what we already know now.. the market is in trouble here as the momentum that was slowing building in the 52 week highs was squashed.
More »
10 Day Highs minus Lows smacked down to a bear score of -6
The 10 DHL chart moved from its +6 bullish score set on Thursday down to full bear score of –6 based on Friday’s weakness. This chart unlike the 40 DPI chart has room on the downside as we begin to swing that moving average to the downside again.
More »
40 DMA % Index goes full bear..
Friday’s action washed out any bull sentiment that was showing on the charts. Just when we finally worked our way up and over the 20 DMA buy signal on the NYSE and were waiting for Nasdaq and RUT to confirm, jitters took the market down and the sentiment indicators with it. It didn’t even...
More »
Summary
The breadth charts from Thursday moved in the bullish direction with an accumulative +14 score, this is the highest score since April. Technically the market is in a good place to pop but news just keeps hitting and hitting and as I sit and write about the bullish potential of the market I...
More »
10 Day highs minus lows setting a bullish pace
All three indexes today are in the green sides of the column. This chart has been subtlety been showing bullish tendencies since May 25th. The 40 Day % index is yet to confirm another leg up but clearly breadth is getting better. We might soon get to overbought and have to sell off a...
More »
TTTHedge.com Services
@redliontrader
- Tom’s TTT Buy signal fires.. look for a 3-5% bounce over the nest five days $study http://t.co/0YMwwHi7
- Breadth remains weak but bounce-able.. crying wolf! $study http://t.co/3w5sVqF7
- FUD is killing the markets, $ES_F 1280 if we can’t get some clarity. $study http://t.co/GIHWTViI
Follow Me on Twitter!
Copyright © 2012 RedlionTrader. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.