Public ChartLists

Market assessment 20220522

We are down 7 weeks in a row. The record is 8. This does not happen in bull markets.

On a positive note, even with the price dropping many indicators moved higher.

That indicates the downward momentum is waning and a bounce may be at hand.

I am expecting a low this week and a good bounce (though eventually lower later this year).

Chart comments:
101 Buy-and-Holders: long term weakening
102 Investors: intermediate term bearish
103 Swing Traders: short term neutral to bullish
104 Storm Track: (micro term changes too quickly)
105 Aggressive?: neutral
106 Defensive?: up (market bearish)
107 Intermarket: stocks and bonds primed for a short term reversal
108 Top?: not applicable right now
109 Bottom?: bottom likely this week
110 Summary: moving toward bullish
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
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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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