[grbaNT]

Attached are the updated charts of the RABWDB Indicator, Individual Phases, SP500 RABWDB, SP400 RABWDB and SP600 RABWDB.

Quick description of the indicator: Sample is the same as for the Survey (2287 stocks). Stock classification is done as per Chuck Dukas's TrendAdvisor Diamond described in his book (see attached TrendAdvisor Diamond). Stocks in bullish, accumulation and recovery phases are considered healthy and cumulatively plotted as an oscillator, same as in the Survey. Those in warning, distribution and bearish phases are considered technically unhealthy.

[grbaNT]

Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.

If you want to read my commentary, please go to https://dg-swingtrading.blogspot.com/sea...%20Breadth
To learn more about the indicator go to https://dg-swingtrading.blogspot.com/201...urvey.html

[BarnabeBear]

Thanks a lot, D !

Agree with your subsector analysis, + looking at the industry sectors a little correction on the techs was overdue lately. But the financials and industrials taking the lead (instead of tech and dicretionary consumer) does not feel like the beginning of a bear mkt but rather like a logical rotation within the cyclical sectors. The dance is not over yet.

See you next week!

Hi Mr.Bear

I though about that also being a possibility, sector rotation.

What do you make of the NYSE AD line and the Momentum index?  Stan looked for guidance there.. 

Here was my analysis on it https://youtu.be/viYpgmo4qso

Recap => neg. divergence with $spx (money rolling from riskier to bluechips) + appoaching negative territory...

Regards,

Patrick

Shoot, did not see this one on time, sorry about that, Patrick, I'm on hols with poor internet access.


In a nutshell, ADLine and momentum index: I follow them a lot ! At the time of writing (2 weeks ago), those indicators were (and still are) healthy, hence the reasoning that at best we were seeing sector rotation in a bull market and not the beginning of bear market. Which I still believe today after the relatively ugly thurs and fri sessions. But if breadth continues to deteriorate like yesterday, then the story will be different, of course.

In this respect, I'm (again) very much in line with what Dejan just posted above (and thanks again to you D. for doing this!): imha, the end is not (yet) nigh

[isatrader]

Attached is my updated custom breadth charts that I do based on the daily point and figure double top and double bottom breakdowns.

Note: I'm noticing a loss of momentum in the cumulative chart and a few negative divergenges appearing in the moving average charts too. So changing to a neutral rating for this indicator imo.

                       

[isatrader]

Here's the overview charts of the US Bullish Percent and Moving Average Breadth.

                   

[isatrader]

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.

                   

[isatrader]

Attached is the US New Highs / New Lows charts.

               

[pcabc]

My breadth plots

As always, there may be errors.  These plots need some tidying as they have a bit more data in them and the labelling has not caught up. 'Breadthindicator' is a scoring system of my own based on the various items plotted.

US:
   
I note that the 150 day MA on DJI is now sloping down, but only by a tiny amount, it is essentially flat.

UK:
Note that the 150 day SMA has rolled over and has started to fall.  But to all intents and purposes it is essentially flat.
   


Gold / gold miners:
I wondered if there was a rush to gold or gold miners.  Apparently not.
   

Perhaps I ought ot look at bond ETFs to see if anything happening there?