- Rank: 36
- Followers: 24
- Votes: 429
- Years Member: 3
- Last Update: 18 January 2022, 23:24
Market Breadth Analysis
General Market Commentary
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%
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
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. ...............................................................
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.