Many asked for an update on the reading of the Daily Breadth Chart. Here it goes.
Since last update,
1. The selloff - checked
2. The bounce - checked
3. The What-If - ...
Both Tick16 ST and 3-Day Advance Issues are pushed down to slightly negative levels.
If they continue to slide a bit more both will enter oversold territory.
Since Tick16 LT is in ...
Unlike Nasdaq 100 and other indices managed by various exchanges, information on the S&P family of stock market indices are proprietary. That means all kinds of information about the S&P ...
My monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Feb 17 close.
Reading
1. Long Term Tick16 (yellow ...
My monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 March 19 close. ...
Review of Forecast for Jun 13, 2016
S&P intraday downside breakout fulfilled 100% weekly range expansion. Whiplash moves around 50% expansion level. The breadth analog model did an excellent job for ...
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.
Review of Forecast for Jul 13, 2015
First we have Greece last minute deal done, ramping S&P higher to the 1.5% mark which indicated further upside into the end of the ...
Monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 October 22 close. ...
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 ...
Market Internals 2012-11-19
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Nov 19 close.
Reading
1. Long Term Tick16 (yellow line) rejected neutral zone and stuck in bearish zone
2. Short Term Tick16 (red line) in compression for more than a month now
3. 3 Days Advance Issues (green line) popped back up to overbought zone from divergence bottom
Inference
a. #1 still in trend sell mode
b. #2 points to breakout in the making
c. #3 in the context of #1 points to another push down in the making
d. if #2 resolves to the upside, #1 will follow and create a very powerful upside breakout
Share