- Rank: 36
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- Votes: 106
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- Last Update: 22 January 2021, 22:15
Market Breadth Analysis
General Market Commentary
Risk of pullback reduced mentioned last week is for large drops not normal oscillations to the 20-day like last week.
OpEx week saw pullback. This week may have more weakness before move higher.
Middle of the month is weak and gains are on the turn of the month. Worth a look.
StockChartsTV with JC Parets is good for market assessment:
ARK funds large buys: NVS, PLTR, TAK, ZM and large sells: FLIR, NSTG, PACB
Spreadsheet to see ARK rends in ARK:
101 Buy-and-Holders: Fed has your back = bullish
102 Investors: bullish
103 Swing Traders: bullish
105 Active Traders: short term bearish
106 Aggressive?: bullish
107 Defensive?: down = bullish for market
108 Top?: no top indicated
109 Bottom?: no bottom indicated
110 Intermarket: bullish and now at bottom of channel
111-113: Sector relative strength: bullish
114 Cap size & growth/value: mid/small up = bullish
115 Factors: --> healthy rotations = bullish
116 US Dollar: bounce = short term bearish
117: Asset Rotation: Stocks 4, Bonds 0, Real Estate 2, Gold 1
400-405: Factor ETFs and relative strength (RS) versions as well
5XX-6XX: ETF charts for my son to 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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