- Rank: 36
- Followers: 24
- Votes: 327
- Years Member: 3
- Last Update: 24 September 2021, 9:38
Market Breadth Analysis
General Market Commentary
Dropped for two weeks but not even down 3%. I expected it would be shallow and I *think* we are almost done. Now resting on the 50-day moving average. It is on the edge but I started deploying cash on Friday. Could be a rest before another drop but not expecting anything big.
Options expiration last Friday and volatility can continue into this week.
Correction watch: Low immediate risk of a drop > 5%
101 Buy-and-Holders: long term bullish (but top of channel and sentiment dropping)
102 Investors: intermediate term bullish
103 Swing Traders: short term mixed
105 Storm Track: micro term bearish
106 Aggressive?: mixed
107 Defensive?: down = bullish
108 Top?: no top indicated
109 Bottom?: no bottom indicated
111-113: Sectors (cap weight, EW, small cap)
114 Size & style
116 US Dollar
400-405: 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
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