With the current global situation where there are day by day developments, the Leading Indicator panel offers similar dichotomy... The JNK ETF is heading further down -> Bearish for equities. The IWM ETF is likely to push down in a somewhat limited fashion -> Bearish for equities The DJT ETF appears to be bouncing up -> Bullish for equities The VALUG looking for...
The reversal observed previously appears to be washed out... JNK broke down previously as expected, and exceeded target. No rebound as previously expected, but instead a further push downwards followed. MACD in bear territory. IWM , DJT and VALUG all swent further down after breaking the support that bounced off earlier. MACD crossed and deep in bear territory....
Interesting... in the last couple of weeks, as the Leading Indicators signaled a retracement, it appears that it may be time for a technical bounce... JNK broke down as expected, and exceeded target. Last week's candle had a long tail recovery, and this current week is forming a rebound. MACD still in bear territory. IWM, DJT and VALUG all seemed to have...
Reviewinig the Leading Inidcator Weekly panel... The JNK has a Sell signal, retraced and may break down to a lower low target, as previously expected. Not yet happening, but with a lower high, the bias is closer to the downside. The IWM (Russell 2000 ETF) also has a Sell signal and lower high. Waiting for a lower low confirmation with a break of support. The...
Leading Indicator panel update: JNK - the topping pattern continues to play out for JNK, looking for a lower low, after the last lower high. IWM - The Russell 2000 ETF failed a breakout late last year, and is about to break down of a support given the bearish weekly candle. DJ Trans - a system Sell signal, and likely downside off the Dark Cloud Cover...
Quick update from two weeks ago... Watching the White/Red lines JNK failed the reversal attempt to break above resistance; DJT closed just below support; Russell2000 closed last week at support; Value Line has not yet broken down; TIPS reaching support, may break but not yet; TLT just above the breakout support; VIX already gapped up pre-opening; and S&P futures...
As forewarned, the Leading Indicators were previously pointing to a burn out, and now half of the leads are burnt. JNK and VALUG are bearish, as are TLT and VIX indicating bearishness. IWM, TIPS, and DJT have failed any bullish indication, skewing towards bearishness. The S&P500 futures are at support now... likely to break down, even for the beginning of a...
Looks like the S&P500 should be running out of steam soon, based on the panel of leading indicators which most are about turning. JNK just about broke down and topped out a pattern. Russell2000 and the broad market Value Line failed a breakout. VIX and TLT are about to break out. The ES futures weekly chart have indecisive candlesticks for the past two...
The MFI compares it with several different evaluations of money flows with volume in and out of the asset. Based on the theory that volume precedes price, the MFI acts as a more ambitious leading indicator than the RSI. As you can see by only using the example above, the MFI would have predicted substantial % profits for the wise trader. It was able to spot...
Pitchforks in RSI are leading indicators as well. I plan to go long on USDCAD now.
Just before the weekend sets upon us, the S&P500 is not testing supports in a hasty retracement. Alongside, all the leading indicator panels are also similarly testing their support/resistance. So far, only the VIX has pierced through but needs to close in a breakout. Wait for it... Likely a push, and pull back is due.
Retracement clearly over, and now 5 out of 7 of my panel of leading indicators are suggesting that more crazy upside on the S&P500 is on the way. Only the High Yield Bonds and the Russell2000 have not taken off - yet. On the contrary, we can visibly tell that the S&P500 is being stretched. It obviously is. Nonetheless, expecting further gravity defying up...
Indexes "Band of Brothers Edition 2.0 " Decoding the relation!!! (No copyrights here feel free to redistribute and spread the knowledge) In a nutshell, divergences between small caps and SP500 index has a kind of leading volatility relation " Heads up" kind of a signal !!! *** When you see minus " -.59 / -.62 " Divergence's reading between SPX & SLY You need...
Am just looking at my panel of leading indicators, and besides the S&P500 ES1! daily chart looking a bit stalled with MACD turning down, the Russell2000, DJ Transports and Value Geometric Index are already leading down. Key levels to breakdown are in red circles. Some others like the High Yield Bonds and TIPS are still holding; while the Treasury Bonds are being...
Is Bitcoin a good barometer for the broader market? The chart laid out above suggests this is a possibility - and indeed, it would make a lot of sense, considering how risk tends to peak prior to tactical and cyclical corrections in the stock market, and Bitcoin is broadly considered to be a risk asset. Note how the 2017 macro top in BTC foretold a top in the...
... Feel free to come up with your own preferred narrative. Here is the the Original Post; This current post; is generally just a cleaned up version of the original.
In the second part of my leading indicator set, namely, TIPS, TLT, VIX and USD futures /DX... TIPS is giving an early warning of a sharp dip. TLT has no indication of a build up in bond demand, but in fact has a gap down bond dumping. Do watch this gap closely, as a close of the gap might signal a reversal. VIX is not yes bullish despite a recent episodic spike....
These are my first set of market leading indicators, namely, JNK, IWM, DJT and VALUEG. Slightly confusing and not yet totally aligned; JNK and IWM have weekly candlesticks that are reminiscent of a top bearish reversal pattern, such as the Dark Cloud Cover, observed. DJT MACD has a bearish divergence. Nothing super obvious here... just a couple of early red...