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- Last Update: 14 May 2021, 16:25
Market Breadth Analysis
General Market Commentary
After two weeks of sideways we finally moved up and I do not think we are done, however, I still think we are building to a pullback within weeks. A pullback (5% to 10%) and not a crash. There will be warning before it happens (if it does). (Chart 108).
JC Parets video: https://stockcharts.com/tv/episodes/all-star-charts.html
To track major holdings and buy/sell trends for the ARK funds see this spreadsheet:
Consider these ETFs: XOP XRT (most funds are either extended or not acting well)
101 Buy-and-Holders: Fed has your back = bullish
102 Investors: bullish
103 Swing Traders: bullish
105 Storm Track: cautiously bullish
106 Aggressive?: on edge
107 Defensive?: strengthening which is bearish for market
108 Top?: no top indicated
109 Bottom?: no bottom indicated
110 Intermarket: bullish but extended
111-113: Sectors (cap weight, EW, small cap): rotations = bullish energy, not tech
114 Size & style: value
115 Factors: revert to mean = bullish (except for growth)
116 US Dollar: weakening = bullish for foreign and commodities
400-405: Factor ETF relative strength (RS): ITB oil (AMLP IEZ XOP) PDBC XLRE IYG
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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