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The 5-10-20 is one of the original momentum-based timers. Bias changes occur at full crossovers of the 5-, 10-, and 20-day EMAs. It%27s useful in the intermediate time frame, and tends to filter out noise in favor of the primary trend. It%27s less helpful in choppy, sideways markets.
The Summation Index is a based on net advancing stocks, and the SAR overlay helps identify bias changes. Summation works to confirm the McClellan Timer (Chart 05), with this chart tending to lag the McClellan.
Indexes from six key Asian countries.
Ratio charts of six key European stock markets with the euro.
When these charts are climbing, foreign stocks are outpacing US equities. When the charts are weak, US markets are outperforming. Helpful in gauging overseas opportunities.
The five largest Middle Eastern markets.
Six-month currency comparison chart. Currencies generally move in a variety of inverse correlations, and divergences are meaningful.
Reliable long-term buy signals occur when the Record High Percentage Index recovers from sub-20 readings. Bottoms are notoriously unreliable without a sub-20 print before recovering above 35. Less useful in identifying market tops.
Hindenburg Omens allegedly identify the ends of rallies and bull markets. They%27re triggered by the presence of extreme ratio readings between stocks at new highs and those making new lows. An Omen occurs when each of the five conditions down the center of this chart is met simultaneously, marked with a Y or N on the right. Five Y%27s and a new Hindenburg Omen is created. Hindenburg Omens have an erratic track record characterized by both excessive false positives and completely missed calls. What they lack in accuracy they make up for in macabre parlor value.
This weekly SPX EMA chart provides reliable long-term Buy-Sell signals.
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