Nasdaq 100 E-mini futures weekly chart. Continuing to grind higher from the recent swing low at prior support. The heavy down Significant Bar from 4 weeks ago is a major source of resistance to overcome. Otherwise it could develop into a head and shoulder pattern.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Large player volume spiking up today in the SPY and QQQ while small players declining. So moving in the right direction again with large player volume.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Nasdaq and NYSE Bullish Percent Index - 1 hour chartNasdaq closed slightly below the 30 MA, but NYSE still above its up sloping MA. So change the short term status on this indicator to neutral currently.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
29.57% (+2.60% 1wk)
Status: Difficult / Neutral Environment
Strategy: Defensive on longs / Progressive Exposure / Cash / Shorting / Focus on Risk
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined Point and Figure Chart
Reversal back to a column of Os, so flips back to Bear Confirmed status, but with a lower pivot point for the next potential double top breakout, which it would need to break the 38% level to reach now.
20 and 50 day Oscillator
These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environment
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
37.36% (+2.27% 1wk)
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
21.79% (+2.93% 1wk)
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
104 Dow Jones Industry Groups sorted by Relative Strength
The purpose of the RS tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd.
RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Crypto
Is this start of Stage 1 in bitcoin, 1? It depends on whether the lows of a few weeks back are broken or not. Most of the breadth indicators have moved up over the last week. Notably there has been a increase in the % of cryptos above their 20, 50 & 200 day EMAs, 11, 12 & 13.
Continued improvement in the stocks above their +1x ATR level this week with it reaching a high of 26.40% on Wednesday, before pulling back to close the week at 13.47%.
The Stocks below -1x ATR level picked up a bit into week end, with 27% of stocks in the S&P 1500 below their -1x ATR level, and hence in short term down trend. So the overall weighting in the cumulative chart remains on negative side, but has been slowing.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
