- Rank: 36
- Followers: 19
- Votes: 76
- Years Member: 2
- Last Update: 27 November 2020, 10:56
Market Breadth Analysis
General Market Commentary
Overall market slightly down for the week but the market internals were advancing = bullish (Chart 103)
Consolidating in trading ranges = int./long bullish, but near the top = short bearish (Chart 110).
Looking to buy pullbacks.
ARK Funds large buys: (none) and large sells: 4689 (Tokyo)
Ten I am stalking or holding: AAXN, BKR, CB, DNLI, EYE, IIPR, INDB, MSM, NET, VAC
Note: each of these are in different industries to diversify risk. Last week average 7.1%.
Could I be wrong? You bet! When I realize I am I try not to stay wrong for long.
101 Buy-and-Holders: Fed has your back
102 Investors: at upper trendline = short term bearish
103 Swing Traders: bullish
104/105 Active Traders: bullish but short term bearish
106 Aggressive?: mixed
107 Defensive?: down = leaning bullish for market
108 Top?: no top indicated
109 Bottom?: no bottom indicated
110 Intermarket: consolidating in trading ranges, nearer the top = short term bearish
111-113: Sector strength: industrials, financials, energy, materials = bullish
114 Cap size & growth/value: mid/small up = bullish
115 Factors: --> strong rotation = broadening = bullish
116 US Dollar: weaker; need down to help precious metals and materials
117: Asset Rotation: Stocks 3, Bonds 2 (+2), Real Estate 4, Gold 0 (-2)
400-405: Various factor ETFs side by side, and relative strength (RS) versions as well
501-508: Simple ETF approach: ARKW, TLT, XLRE, SLV (yes, ARKW is best of breed for stocks)
6xx charts for my son (if present)
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
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