Trading Edges That Last
- You May Also LikeMany 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 - ...READ MORE
Stock market indices are calculated from a basket of components. These components, however, are not always the same. Components are changed for many reasons. Contrary to what many conspiracy theorists ...READ MOREReview of Forecast for Jul 25, 2016 No 1% move in either direction led to range bounded actions, so 2% breakout play not triggered. Breadth sell setups not confirmed yet. The ...READ MOREThe 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 ...READ MOREI have written an article called Advance Issues Momentum published in the Technical Analysis of Stocks and Commodities magazine, August 2004 issue. Here is an update about this interesting indicator. The ...READ MOREAs on last Friday, the 3-day advance issues was short term oversold. Thus it is expected a bounce should happen on Monday and that has already happened. Critical price level of ...READ MOREI am going to present the first example trading model in this series that exploits the characteristics of the NYSE Tick Index. Most people focus on the intraday behaviour of ...READ MOREAdvance Decline Issues, by its very natural, is noisy. Its values can be jumpy from day to day making it hard to interpret the information offered by the market breadth ...READ MOREReview of Forecast for Aug 1, 2016 No 1% move in either direction led to range bounded actions, so 2% breakout play not triggered. Longer term breadth sell setups not confirmed ...READ MORETick Index was originally created by New York Stock Exchange. It is a statistical measure of the current state of the stocks traded in the exchange as a whole. It ...READ MOREMarket Internals 2011-06-05Market Breadth Primer: Component Changes And Their EffectsS&P500 Market Breadth Driven Short Term Forecast StartingMarket Internals 2011-08-25Advance Issues Momentum – An UpdateMarket Internal Update 2011-05-10Trading with Tick Index: Blind Short Day TradingA Robust Method To Interpret Advance Decline IssuesS&P500 Market Breadth Driven Short Term Forecast StartingTrading With Tick Index: Introduction
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Market Internals 2013-06-20
Monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Jun 20 close.
Reading
1. Long Term Tick16 (yellow line) well above neutral zone heading down
2. Short Term Tick16 (red line) moving down towards oversold area
3. 3-Day Advance Issues (green line) sold off down to new low together with S&P
Inference
a. #1 is bullish pointing to selloff should be bought
b. #2 points to a short term bottom is coming soon
c. #3 4th lower low matching the S&P points to a complex low in the making
Last update I was looking for a top that will lead to significant correction. We have that in progress now.
This corrective move in ES has not produced a bearish trend in 3-Day Advance Issues or TIck16 which implies another important swing low is in the making.
To time the swing low focus on Tick Index based divergence over a 2 to 3 day period to identify the potential bottom. Another sign to look for is that 3-Day Advance Issues would stay at the bottom for several days creating a powerful setup to squeeze S&P higher.
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