- Rank: 211
- Followers: 4
- Votes: 32
- Years Member: 12
- Last Update: 18 July 2020, 18:32
Market Breadth Analysis
Or unprepared for a trend change?
If so, these charts will help - a LOT!
Thanks very much for your support (Follows/Votes)
11/23: As mentioned on 11/13, a general pullback is in process. Lowest risk in this market is consider taking some profits gained from the recent G/G signal and wait for the daily chart to move back to Green before taking on new long positions.
11/13/19: The market is a little extended and prime for a pullback in general. Hold off on all but the best long set-ups at the present time.
11/11/19: Looks like at least a short term pullback. Depending on how deep a pullback here might provide a chance for new subscribers to buy-in if they missed the recent rally. Stay tuned for potential color change to Yellow depending on indicators.
11/1/19: Pullbacks dont last long these days. A smattering of evidence for a base or pullback that appeared on Thursday was obliterated with Fridays bullish action. With all 4 time periods on a Green its time to be long. For a variety of reasons November 1 starts the historical best 6 months in the equity markets.
10/31/19: Watch for at least a short term pullback on the daily basis against a continuing weekly bullish backdrop.
10/16/19: Still awaiting weekly strength on the NASDAQ but strength continues to increase just below the resistance of old highs. Small caps leading the charge. Still could go either way based on news but evidence shows increasing potential for higher prices.
11/23: Market remains in a base-building mode for now. MACD of A/D line looks oversold and perhaps ready to turn back up?
11/13: Still Green on the daily basis with 1 of 3 signals needed to turn Yellow. Hold off on all but the best set-ups for now.
11/1/2019: Pullbacks on the daily chart don%27t last long these days
10/31/2019: Watch for a short term pullback against a weekly bullish backdrop
10/16/19: At last, a return to Green/Green
10/15/19: Very nearly turning Green on todays action, continue to enter small test positions on the long side
11/1/19 - Frantic buying for the week
10/4/19 - Showing weakness but could go either way, note the vacillating nature of the MACD
9/13/19 - Change to Green with MACD just above the signal line
9/6/19 - Still not Green on the weekly but very close to it, see MACD line
8/27/19 - Will move to Red if the Adv/Dcl line weakens further
8/23/19 - Almost a return to Red on today%27s selloff. The Adv/Dcl line is the lone holdout keeping the status Yellow.
11/1/19: Still have room to move upwards before a meaningful base or pullback
10/7/19: No foundational strength yet
9/4/19 - Signs of institutional buying appearing but caution until the MACD line gets back above zero
8/23/19 - Seemed like only Sellers in todays market. First indications of institutional buying disappeared for now.
11/23: Market remains in a base-building mode for now.
10/15/19: Todays strength nearly moved the NASDAQ directly from Red to Green, rules say must have a Yellow period between any Red Green changes to reduce the probability of whipsaws. Continue to enter small test positions on the long side in preparation for a move to Green.
9/3/19 - Daily moved to Yellow
8/23/19 - Todays selling keeps the NASDAQ firmly in the Red.
10/7/19: Potential to turn Red by the end of the week
9/6/19 - Close to Yellow but missing one indicator, missing two indicators to move to Green. Perhaps a move from Red to Green without going through Yellow next week?
8/23/19 - This weeks selling keeps the NASDAQ firmly in the Red.
10/7/19: Building a base perhaps?
8/23/19 - Nope afraid not, only sellers here
8/16/19 - Some buyers returning?
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.