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Market Internals 2011-08-25
2011 Aug 25 Thu 8:24:13 | by
The expected bounce happened. And based on 3-day advance issues and Tick16 Short Term the rally will be over quickly if not already. The divergence top on the 3-day advance issues together with the overbought conditions on both breadth readings point to a sharp selloff in the making. Can start as early as today. The cycle of breadth is getting tighter and tighter over the last 2 weeks. One side must give way to a new trend on daily.
Market Internals 2011-08-23
2011 Aug 23 Tue 9:18:21 | by
Before market open at the moment. Tick16 Short Term overbought. Tick16 Long Term bullish. 3-Day Advance Issues oversold. That continues pointing to a selloff that will define an important low. Looking for Tick16 Short Term to correct itself in 2 possible ways - one is ES going sideway with big swings and lots of negative tick prints, or, a flush with lots of negative tick prints. Potential bottom is within 2 to 3 days again. That puts the Fed chairman's speech on Friday into radar and possible catalyst to form the bottom.
Market Internals 2011-08-18
2011 Aug 18 Thu 1:13:38 | by
It is 1 am Eastern Time and the overnight market is down at the moment. Japan Nikkei is down more than 1% But as of close of yesterday Aug 17, the Tick16 Long Term is no longer bearish. And the 3-Day Advance Issues has completed its correction and bounced off the midpoint. That means a strong rally is coming and the dips should be bought. The rally should last for 2 to 3 days once it started.
2011 Aug 16
Market Internals 2011-08-16
As indicated yesterday before market close that a pullback is due and that it is likely in the afterhours session, here it is - a selloff in the night at 20 S&P points range. This pullback may not be just a pullback at all. It is confirmed by brea ...
As indicated yesterday before market close that a pullback is due and that it is likely in the afterhours session, here it is - a selloff in the night at 20 S&P points range. This pullback may not be just a pullback at all. It is confirmed by brea ...
2011 Aug 11
Market Internals 2011-08-11
The breadth is decidedly bearish. No divgerence long setup from 3-day advance issues. And Tick16 Short Term is overbought. Another flush low is needed to produce a daily level low. ...
The breadth is decidedly bearish. No divgerence long setup from 3-day advance issues. And Tick16 Short Term is overbought. Another flush low is needed to produce a daily level low. ...
2011 Aug 3
Market Internals 2011-08-03
Since last update we have witnessed the stronger drop in daily level in 12 months time. Well, flash crash does not count. =) We nailed the selloff. ES is now standing at the do or die level of 1250. It has broken below that and closed below 12 ...
Since last update we have witnessed the stronger drop in daily level in 12 months time. Well, flash crash does not count. =) We nailed the selloff. ES is now standing at the do or die level of 1250. It has broken below that and closed below 12 ...
2011 Jul 26
Market Internals 2011-07-26
As Tick16 Long Term stuck at neutral and slight bearish zone for 2 days already, any short term oversbought will send ES back down quickly. That matches the current politico drama where the stock market will trash (even for just 10 minutes) if the ...
As Tick16 Long Term stuck at neutral and slight bearish zone for 2 days already, any short term oversbought will send ES back down quickly. That matches the current politico drama where the stock market will trash (even for just 10 minutes) if the ...
2011 Jul 20
Market Internals 2011-07-20
As of yesterday close, both 3-Day Advance Issues and Tick16 Short Term are pointing up from their usual oversold zone. This confirms the potential of a very powerful rally that can last for several days. So we have identified the coming of the ...
As of yesterday close, both 3-Day Advance Issues and Tick16 Short Term are pointing up from their usual oversold zone. This confirms the potential of a very powerful rally that can last for several days. So we have identified the coming of the ...
2011 Jul 11
Market Internals 2011-07-11
Here is a quick update on the market internals. Last update is available here. Last update correctly called the bottom and wild swing all the way up happened. At this point we have Tick16 Long Term confirming the bullish condition thus pullb ...
Here is a quick update on the market internals. Last update is available here. Last update correctly called the bottom and wild swing all the way up happened. At this point we have Tick16 Long Term confirming the bullish condition thus pullb ...
2011 Jun 26
Market Internals 2011-06-26
Since last update, we've got another selloff from resistance above. The Tick16 short term index is now correcting while the 3-Day Advance Issues has corrected already. Within a day or two, if Tick16 short term moves towards the neutral zone, a ...
Since last update, we've got another selloff from resistance above. The Tick16 short term index is now correcting while the 3-Day Advance Issues has corrected already. Within a day or two, if Tick16 short term moves towards the neutral zone, a ...
