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Relative Performance Charts
Market Breadth Analysis
The level of 3 is a Hindenburg Omen
NYSE breadth indicator. A breakdown here would be bearish overall.
The NYSE Bullish Percent is the "Main Coach" of market risk. Should typically be viewed as a point and figure chart of X%27s and O%27S as it is derived from bullish and bearish patterns on point and figure charts. Basically this is looking at stocks within the NYSE making higher highs vs lower lows. The Y axis is a percentage of those stocks making higher highs.
The McClellan Oscillator offers many types of structures for interpretation, but there are two main ones. First, when the Oscillator is positive, it generally portrays money coming into the market; conversely, when it is negative, it reflects money leaving the market. Second, when the Oscillator reaches extreme readings, it can reflect an overbought or oversold condition.
The Pring Bottom fish indicator is when the blue line on the bottom crosses above the red line from an oversold market condition.
Buy signal on 30 Sep
The put/call ratio has been down at extreme bullish sentiment for a couple years now. This is usually contrarian and indicative of a market top. I would not be surprised to see this reverse at some point but we shall see.
I drew that red line in just to highlight that markets are farther above their monthly moving averages than I%27ve ever seen. Indicates extreme overbought.
We are right at about 50 % here. This can show extreme overbought, or oversold condition
This chart says to be in SPY vs paper gold
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