I am now looking at the MMTW daily chart which is focused on the % of SP500 stocks above their 20-day moving average. This may be the beginning of the next bear leg down for the US stock market.
This chart is looking at the % of US Stocks Above their 50-Day Moving Average (ticker = MMFI), which is an excellent way to gauge market breadth and buy/sell entry areas. We have entered the buy zone on the weekly chart and the buy confirmation will be when the line on the price chart moves upward from this buy zone. This is not a good time to be going short, as...
MoneyHour$-Breather signals a Buy for EXPE - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
MoneyHour$-Breather signals a Buy for MLM - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
MoneyHour$-Breather signals a Buy for AKAM - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
MoneyHour$-Breather signals a Buy for FFIV - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
MoneyHour$-Breather signals a Buy for LVLT - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
MoneyHour$-Breather signals a Buy for MSFT - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
MoneyHour$-Breather signals a Buy for QCOM - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
- Snapshot of the Market Internals for July 18, 2016
- S&P 500 index was trading above it's 100-period simple moving average, which is a sign for positive price action
- Breadth Ratio (UVOL to DVOL) was less-than stellar with volume flowing into securities increasing over volume flowing into securities decreasing at a ratio of less than 2.0x for a majority of...
