- Rank: 36
- Followers: 17
- Votes: 22
- Years Member: 2
- Last Update: 1 July 2020, 8:57
Market Breadth Analysis
General Market Commentary
Chart 104 signals turned bearish in sync week before last. Last time was late February. Chart 103 is 60-min chart for early clues.
I see no signs of major breakdown to new lows, at least, not without warnings on Chart 103. In March both charts were bearish at the same time and it was a significant decline. This time I think it will be a small pullback.
Look for turns in these charts for a buying opportunity. I expect it is a short term trade and that within the coming months we will top again and end up lower than we are today.
Most charts answer a question.
No. Ans. Desc.
101 Hold Buy-and-Holders (bet on the Fed)
102 Buy Investors (at 200-day)
103 Hold Swing Traders (consider buying pullback to 50-day)
104 Sell Active Traders (be careful with stock picking)
105 Sell Storm Watch (watch detail indicators for buy signal)
106 No Aggressive?
107 Yes Defensive? (bonds and gold)
108 No Top? (but put/call complacent)
109 --- Bottom? (not applicable)
Note: Moved Factors to 207
11x series are mostly other asset charts
No. Sym Ans. Val
201 VTI ON 8-
202 TLT OFF 6 (but turning up)
203 IAU ON 8
204 IYR ON 7 (drop 1)
205 IEMG ON 8+
206 USO ON 6 (up 1)
Charts for reference but many require a PRO account to fully see:
4xx series are industry areas paired with a relative strength versions
5xx 1-minute charts to look for confirmation of price moves
Stock selection approach: See Chart 119
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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