Crashes occur when markets are already oversold so there could be more downside from here. One of the indicators we look at is the percentage of stocks above their 200 day moving average to determine if we've hit a short term bottom. As you can see in the chart we entered 2 lines where stocks could be considered extremely oversold. There isn't one indicator...
Havent come across are clearer indicator than this. Matches up perfectly with market bottoms in 2003 and 2008. Clearly defined and looks like a small breakout. It appears December 18 may have been the bottom and beginning of a new positive trend. Hard to argue with this ratio.
If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential...
Many analysts and investors are shouting for a bear market in 2019. However, this indicator says otherwise. For the past 4 occurrences, the S&P bounced and rallied higher. It happened in 2002, 2009, 2011 and 2016. Will history repeat itself again in 2019? We are seeing a lot of interesting phenomenon from a macro analysis perspective going into 2019. Make...
Suggested by the friends at Tradingview. I like this chart
I wish Tradingview has a list to choose from Number of stocks "BELOW" 20, 50, 100, 150, 200 moving averages