One valuable yet overlooked, a tool for gaining insight into the market is the Value Line Geometric Index (VALUG). VALUG index contains a mix of roughly 1,700 stocks from the major North American market indexes. It is equal-weighted, uses a geometric average, and has a daily change closest to the median stock price change. VALUG uses an arithmetic mean, with...
The JNK ETF is heading further down with a big bearish Marubozu that is the YTD low -> Bearish for equities. The IWM ETF is also heading further down for a lower low with a bearish Marubozu engulfing -> Bearish for equities The DJT ETF ended on a recent low too -> Bearish for equities The VALUG has a bearish candle for more downside -> Bearish for equities The...
The JNK ETF looks like it is heading further down still -> Bearish for equities. The IWM ETF is likely to follow through after closing at a low -> Bearish for equities The DJT ETF looks a tad bearish too -> Bearish for equities The VALUG looking to fail support, with a bearish candle for more downside -> Bearish for equities The TIPS ETF continue down draft->...
Very quickly before the market opens... The JNK ETF is heading further down for lower low -> Bearish for equities. The IWM ETF is likely to follow down continuing the candle -> Bearish for equities The DJT ETF broke support -> Bearish for equities The VALUG failed the resistance, with a bearish candle for more downside -> Bearish for equities The TIPS ETF gave...
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...
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...
This is simply (forget all the FED stimulus holding these markets up) a case of market-cap weighted exaggeration vs an equally-weighted reality: While the S&P500 Index (market-cap weighted) is bear rallying higher since its March 2020 lows, the Value Line Geometric Composite Index (equally weighted) is NOT confirming this move at all. The SPX has made it back...
SPX and SPX minus Maga stocks comparison (Microsoft, Apple, Google and Amazon) and also Value Line Geometric Index (the "invisible" common NYSE stock performance)
Resistant levels - finding markets bottoms at priori mode Finding markets bottoms - priori mode, important resistance levels signaled at red color in spx index and based on value line geometric line, ie, common stock performance...
DAX vs Valueline Geometric Average Index ...
Troublesome -RH
Value Line long term trend starting in 1990