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Play relative strength games when markets are strong, but it is also good to know when to get out.
- Rank: 36
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- Last Update: 18 January 2022, 23:24
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Categories:Market Timing
Market Breadth Analysis
General Market Commentary
Market assessment 20220116
Consolidated sideways.
Financials, industrials, commodities (oil), and foreign all showing relative strength.
Sounds like things are heating up and that is bullish.
I am still expecting there is a better chance for a nice move higher before a good size drop.
Chart 108 indicating a drop is brewing but not here yet -- watching volume momentum closely.
Correction watch: Minimal risk for imminent drop > 5%
Chart comments:
101 Buy-and-Holders: long term bullish (but extended above the top of the channel)
102 Investors: intermediate term bullish
103 Swing Traders: short term neutral to bullish
105 Storm Track: (micro term changes too quickly)
106 Aggressive?: neutral to bullish
107 Defensive?: down (bullish for market)
108 Top?: signaling no imminent top <-- note, lots of cleanup on this chart
109 Bottom?: churn may continue <-- note, lots of cleanup on this chart
110 Intermarket
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
-----------------------------------------
"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
All information is strictly for education. ...............................................................
Consolidated sideways.
Financials, industrials, commodities (oil), and foreign all showing relative strength.
Sounds like things are heating up and that is bullish.
I am still expecting there is a better chance for a nice move higher before a good size drop.
Chart 108 indicating a drop is brewing but not here yet -- watching volume momentum closely.
Correction watch: Minimal risk for imminent drop > 5%
Chart comments:
101 Buy-and-Holders: long term bullish (but extended above the top of the channel)
102 Investors: intermediate term bullish
103 Swing Traders: short term neutral to bullish
105 Storm Track: (micro term changes too quickly)
106 Aggressive?: neutral to bullish
107 Defensive?: down (bullish for market)
108 Top?: signaling no imminent top <-- note, lots of cleanup on this chart
109 Bottom?: churn may continue <-- note, lots of cleanup on this chart
110 Intermarket
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
-----------------------------------------
"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
All information is strictly for education. ...............................................................
111 Cap Weight Sectors 2 - Financial, Health, Energy, Materials
111 Cap Weight Sectors 3 - Real Estate, Staples, Utilities
112 Equal Weight Sectors 1 - Equal Weight Technology, Industrial, Discretionary, Telecom
112 Equal Weight Sectors 2 - Equal Weight Financial, Health, Energy, Materials
112 Equal Weight Sectors 3 - Equal Weight Real Estate, Staples, Utilities
113 Small Cap Sectors 1 - Small Cap Technology, Industrial, Discretionary
113 Small Cap Sectors 2 - Small Cap Financial, Health, Energy, Materials
113 Small Cap Sectors 3 - Small Cap Real Estate, Staples, Utilities
114 Best Current Market Proxy
115 Factors
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