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- Last Update: 5 April 2020, 14:30
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Categories:Market Timing
Swing Trading
ETFs
Chart credits to: Ed Hunt (TMS view), Pring Turner (business cycle), David Larew NYAD index, and the Jedimaster (VIX:SP500)
Green lines = buy signals; Red lines = sell signals; Blue lines = MACD zero cross and alter near by buy/sell signals; Dashed lines are signals pending full validation or failed/blocked signals.
Pg1: SP500
Pg 2: Weekly, Monthly SP500, VIX
Pg3: 10yr US Treasury yield, USD,
Pg 4.Gold, Oil, Commodities, Pring Business cycle, Inflation:Deflation
Please vote for these charts at the bottom if you like them. Also check out the accompanying blog at http://hgpolites3.wordpress.com/
1) When the number of stocks trading above the 50 DMA gets lower than 25% on the right hand scale, look for a rally.
2) When the number of stocks above the 50 DMA takes off and far exceeds the number of stocks above their 200 DMA, that is very encouraging and you should be trying to participate with stops in place.(bright gold histograms following a major period of black histogram bars showing
3) When the $TSXA50R stays above 50 % stay long.....Accelerate in the zone.
4) When the percentage of stocks on a rally can't get above 50%, exit.
5) When bull market rallies are interrupted and the percentage of stocks staying above the 50 dma gets less every time, you have to be prepared that a top is in. That is the black candles start to show through at lower levels each time. Also notice that the % of stocks staying above 50 DMA gets less with each rally.
Also, if the MACD on the TSX (shown at the bottom) can not stay above zero....you are probably making lower lows. If the MACD is Nice and high, each subsequent rally will maintain that height or hold it above zero. When it starts rolling over near zero, and your % of stocks can't stay above 60% or 70%, it is time to get defensive.
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