- Rank: 36
- Followers: 15
- Votes: 25
- Years Member: 2
- Last Update: 3 August 2020, 9:23
Market Breadth Analysis
General Market Commentary
Every thing I am seeing says we go higher. There will be dips along the way but we will trend higher.
For how long? Until the data changes.
Most charts answer a question.
No. Ans. Desc.
101 Buy Buy-and-Holders
102 Buy Investors
103 Buy Swing Traders
104 Buy Active Traders (Chart 105 60-minute detail)
106 Yes Aggressive? (get started)
107 Yes Defensive? (gold)
108 No Top?
109 --- Bottom? (not applicable)
11x series are mostly other asset charts
No. Sym Ans. Val
201 VTI ON 9
202 TLT ON 7
203 IAU ON 8
204 IYR ON 7
205 IEMG ON 9 (up 1)
206 USO ON 6
Charts for reference but many require a PRO account to fully see:
4xx series are industry areas paired with a relative strength versions
5xx 60-minute and daily charts to look for confirmation of price moves on Simple Six
6xx charts for my son
Stock selection approach: See Chart 119
Recommend "Trading in the Zone" by Mark Douglas about the mental game.
Note: The profile says PRO but I am an engineer. Updates on weekends.
Finally: "It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
All information is strictly for education.
20200802: Welcome to the recession. The good news is that the FED can blow the asset bubble even bigger though the real economy is in the worst crisis since WWII.
[This chart is monthly data and there is also a lag for many of them.]
20200802: Looking strong on price and breadth.
20200802: Bullish, for now.
20200802: Mixed signals = no signal = ignore.
Backup 60-minute chart: Watch this for signs that Chart 104 may be turning.
20200802: Aggressives? Getting back on track.
20200802: Defensives? Also working
20200802: The data does not show a top.
20200802: Looks more bullish than bearish.
20200802: Yeah, real estate broke higher. Not so sure bonds will break lower but that is what is expected of this pattern.
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