- Rank: 36
- Followers: 15
- Votes: 22
- Years Member: 2
- Last Update: 12 July 2020, 10:45
Market Breadth Analysis
General Market Commentary
On vacation but not too much different from last week. Expecting a little higher before the drop. And I think we are quickly approaching a top per chart 108. Maybe another week?. I think we make it to maybe 3400 and then down to 2900.
I see no signs of major breakdown to new lows, at least, not without warnings on Chart 103 breadth indicators.
Most charts answer a question.
No. Ans. Desc.
101 Hold Buy-and-Holders (bet on the Fed)
102 Buy Investors
103 Buy Swing Traders
104 Buy Active Traders (Chart 105 60-minute detail)
106 No Aggressive? (except tech)
107 Yes Defensive? (bonds and gold)
108 No Top? (but getting closer)
109 --- Bottom? (not applicable)
11x series are mostly other asset charts
No. Sym Ans. Val
201 VTI ON 8-
202 TLT ON 7 (up 1)
203 IAU ON 8
204 IYR ON 7
205 IEMG ON 8+
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
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.
20200705: Weekly data: Bonds keep chugging. Fed buying corporate bonds is probably helping.
20200705: Weekly data: Real Estate consolidating and moving in the right direction.
20200705: Weekly data: How much gas is left in the tank when the bullish percent is already at 100%? Short term bearish.
20200705: Weekly data: I want in but looking for a lower risk entry.
20200705: Weekly data: Drop slowed but expecting the longer term trend downward.
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