Public ChartLists

Market assessment 20220515

Chart 103 shows failed bullish positive divergence from last week but a start on a potential bounce.

Really expecting a good bounce soon (but also expecting a lower low later in the year).

The volatility with daily 2% moves is like a tornado in the markets. Why try to build a house in a tornado? It may be better to sit out and wait for it to end

Moving to the sidelines in periods of market volatility increases returns and reduces risk.

Statement above is from: https://allstarcharts.com/markettimingishard/

There are times to focus on making money and go all in.

There are times to focus on not losing money and get out.

Which time do you think we are in?

Chart comments:
101 Buy-and-Holders: long term weakening
102 Investors: intermediate term bearish
103 Swing Traders: short term bearish
104 Storm Track: (micro term changes too quickly)
105 Aggressive?: bearish
106 Defensive?: neutral
107 Intermarket: (scary)
108 Top?: not applicable right now
109 Bottom?: bottom not identified yet
110 Summary: looks like bearish churning to me
111-113: Sectors (cap weight, EW, small cap)
114-119: various other views of the markets
401-405: Factor ETF relative strength (RS)
5XX: ETFs for reference
-----------------------------------------

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

All information is strictly for education. ........................................................................................................................