[isatrader]

The Effective Volume for the SPY and the IWM followed the QQQ's lead and broke down strongly yesterday, with some strong large player selling volumes. So all three of the index ETFs are now below their 20 day moving averages and hence move to a sell signal.

If you want to see the full range of effective volume charts including the separted large and small player volume chart then go to: http://www.effectivevolume.com/content.p...etf-review

[theblackmamba]

thanks
it must be time for sir stan to do the radio show..it would be interesting for his latest comments re market..yesterdays candle to me anyway was significant, plus dow had 3 distribution days out of last 4...obviously mkt could turn straight back up like after his loast interview, but i for one am cautious...

[isatrader]

There was no new breakouts today and and a further five breakdowns, which has moved the S&P 500 Cumulative P&F Breakouts - Breakdowns line below it's 20 day moving average (which I use as a signal line) for the first time since November. So this breadth measure moves to a sell signal. Attached are the charts.

[isatrader]

The very short term percentage of stocks above their 20 Day Moving Averages chart is bouncing around the middle of the range at 50.26% currently. But is still in a downtrend.

[isatrader]

The S&P 500 Cumulative P&F Breakouts - Breakdowns line recovered back above it's 20 day moving average during the week, and so moves to neutral until it either breaks above the swing high or below the recent swing low. Attached is the charts

[isatrader]

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator, NYSE Volume Advancing / Volume Declining Ratio etc.

[isatrader]

Attached is the New Highs / New Lows set of charts

[isatrader]

Attached is the volatility breadth charts which the majority have now moved to a sell signal.