[isatrader]

Came out of the lower zone this week giving a short term bullish breadth signal for this indicator alone. Pulled back in a bit on Thursday, but the majority remained out of the lower range.

               

[isatrader]

Totals for the week:

+570 double top stock breakouts
-211 double bottom stock breakdowns

+359 net breakouts - breakdowns

   

Status: Difficult Environment

A slight rebound in the cumulative line this week, but it only managed to regain around 1/3 of last weeks net breakdowns, and so remains at the lower end of the base and under the 20 and 50 day MAs.


Cumulative Point & Figure Breakouts - Breakdowns Distance Above / Below its 20 day MA

   


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators

               

[isatrader]

% above +1x ATR(21 day) = 18.73%
% below -1xATR(21 day) = 16.07%

% above +1x ATR moved off from the lower extremes (below 10%) on Monday, and held up in the 10% to 20% range from the majority of the week. The cumulative turned up again, but remains below its own 20 day MA.

           

[isatrader]

US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

36.74% (+6.68% 1wk)

Status: Difficult Environment

The Total % Stocks rebounded from the top of the lower zone up towards its own 20 day MA mid week, but fell short and reversed lower once, so remains below both its 20 and 50 day MAs and so its signal remains on "Difficult Environment" status, which means defensive strategy.

       

   


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

46.04% (+8.83% 1wk)

       

Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

27.43% (+4.53% 1wk)

       

[isatrader]

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.

100 is strongest, 0 is weakest

You can find out which stocks are in each industry group by going to https://stockcharts.com/freech... and clicking on the name of the group

       


1 week, 2 week, 4 week and 12 week RS changes

               

[isatrader]

[isatrader]

Majority have pulled back into the lower zone except for the S&P 500 which is outperforming.

Watch for reversals back through the key 30% level for short term breadth signals.

               

[isatrader]

Effective Volume charts from http://www.effectivevolume.com/content.p...etf-review of the SPY, QQQ & IWM

Cumulative Effective Volume continuing to base in Stage 1 behaviour. Large players strengthening in the Small caps compared to small players which net sellers. Large caps fairly inline with each other.