- Rank: 36
- Followers: 24
- Votes: 329
- Years Member: 3
- Last Update: 25 September 2021, 22:45
Market Breadth Analysis
General Market Commentary
News out of China caused volatility, but nice finish for the week. It had reasons to drop if it was going to, but it did not. That is bullish. Enough said.
Correction watch: Low immediate risk of a drop > 5%
101 Buy-and-Holders: long term bullish (but top of channel and sentiment dropping)
102 Investors: intermediate term bullish
103 Swing Traders: short term bullish
105 Storm Track: micro term bullish
106 Aggressive?: mixed
107 Defensive?: down = bullish
108 Top?: no top indicated
109 Bottom?: no bottom indicated
111-113: Sectors (cap weight, EW, small cap)
114 Size & style
116 US Dollar
400-405: Factor ETF relative strength (RS)
5XX: ETFs for reference
"Trading in the Zone" by Mark Douglas about the mental game.
Note: Profile says PRO but I am an engineer. Updates on weekends.
"It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
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