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Breadth Indicators

$SPY Bearish Market Internals on the S&P and NYSE Overall, the AMEX:SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA - Breadth Ratio ( NYSE:UVOL / USI:DVOL ) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day - Net Advance/Decline Line ( USI:ADVN.NY - USI:DECL.NY ) was below its 21-period EMA showing bearish sentiment and was below 0 for the entire day, illustrating that bears were in control, although net declining issues never passed below the -1000 mark, which would indicate a very bearish sentiment. Either way 07/19/2016 turned out to be a day where trades to the downside should have been preferred; although overall it wasn't a very strong bearish day. - $JOY; -$STX were a few that I looked into.
AMEX:SPYShort
by TraderR0BERT
Contrast Weekly vs Daily Timeframe OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before purchase - 220 and 125 or 200 and 140 strike price might be ideal. Also don't wait to long to purchases options contract, because as directional price movement becomes more apparent and as Implied Volatility creeps up the more expensive the options become.
NASDAQ:BIDU
by TraderMD
(1D) XAUUSD v US30 - gold rush. There seems to be an inverse correlation between XAUUSD and US30. Interestingly Gold began taking off before the recent mini-crash. OBV on Gold was steadily rising whilst OBV on US30 was falling (even while price was recovering). BREXIT has caused deep uncertainty in a number of markets. GOLD has always been a major safe haven. We saw this at every major world financial crisis. They can't just print the stuff or do quantitative easing on GOLD - can they? LOL. I'm short on US30 and I've been happily long on Gold. My stop losses are in the right places relative to my account size. Cool. Disclaimer: no liabilities accepted for losses arising by relying on this post.
FX:XAUUSDLong
by Captain_Walker
(1D) US30 - WALL STREET - possible crash comingI'm no expert at Elliott waves, so my waves may be wrongly counted or drawn on this. But I'm watching a number of other things adding up. I see trend strength weakening. I see OBV probably heading down in a struggling bullish market. There is a similar wavy pattern emerging, similar to that around Nov 2015 to Jan 2016. I'd be delighted if others who know more about Elliot Waves can help out. But do share any other ideas. This idea is not a prediction .
FX:US30Short
by Captain_Walker
4
Day of reckoning has come for oilThis last bullrun on oil prices wasn't really supported by volume and we can see that reflected on the OBV which increased only a fraction of what it fell when prices went from 34 top to 26 bottom. That is, volume was way lower on this 15 USD rally than it was on a drop of only half that amount ! This fake out, is confirmed by the money flow index, now coming back from oversold levels and breaking the wedge. This indicator has been rarely oversold and last time it did, price was around 100. I believe we will re test 0,23 and maybe 0,5 both of them at signifcant levels from past peaks.
FX:USOILShort
by purpurato59
A Clear 3rd of a 3rd Elliot Wave Down is underway - continuationv of iii circle of 3 appears to have begun in today's afternoon reversal ending the relief rally. Since v would be equal to i at 183, short of iii's termination, expect v to extend to 1.618 of i and end around 178 before the next short term relief rally to circle iv. Main point is that the waves clearly indicate that the main trend has reversed. Also note that on balance volume has been negative all of 2015 and began a continuing outflow to to deeper negative territory at the end of (3) of last year's terminating ending diagonal. Say goodbye to 200 in SPY...I don't think we will see it again for many years...
AMEX:SPYShort
by broughro
What is McClellan Oscillator saying about the major averages?Although I have a bearish view on the major global stock market indices from a longer term cyclical perspective ( see older post ) and growing bearish momentum in the beginning of 2016 may well be a starting point, the McClellan oscillator, historically during a deeper market correct when oversold (below -80) has price resume an upward rally. Seeing this in the American markets may be a sign of some possibly temporary buying relief. Nonetheless price cyclicity will lead the way in informing a more pronounced down trend/bear market as some other major indices. Seen too in NAS100 and DIA a relief rally may ensue. NAS100 DIA
FX:SPX500
by amanpaulbhogal
4
Short ATT? With Pleasure!AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however. Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. The OBV indicator tells us that there is decreased buying pressure, and the MACD has recently crossed over. Finally the RSI confirms that this is a 'sweet spot' to make a trade. For intermediary profit targets consider the two levels drawn from the lows going back to early October at 33.18 and 33.00, but note that after that, its smooth sailing through the vacuum area to the high of 10/02 at around 32.61. Stop losses may be set analogously using the relative high at 33.73, the Ichimoku cloud at 33.63, or if it crosses over the line segment forming the upper bound of the wedge.
NYSE:TShort
by quantguy
Market Breadth Update: No News is Bad NewsMarket Breadth HIGN/SPX: The number of Stocks contributing to new highs continues to deteriorate and we haven't seen any improvement despite the gradual upside seen in Stocks indices.. This is the percentage of stocks on the New York stock exchange making new highs divided by the whole spx. The breadth shows that the bull market continues to be driven by fewer and fewer stocks, as the spx breaks to new highs however fewer and fewer stocks on the NYSE making new highs, driving the ratio down, especially within the recent months. Stocks above long term average: Swings from excessive bullish and bearish sentiment have been a good contrarian market indicator for the past years. Every time the indexes of stocks above or below 200-days Average reached an extreme of 90-100 percent a correction in SP500 was close. Instances where the index started falling, diverging away from the SP500 index (indicating internal strength is weakening) were bearish signals, as at least a hefty correction followed. The chart below Illustrates these divergences, where periods of prolonged divergence followed by a more severe downside move, while minor divergences followed less severe corrections. The ratio remains biased to the downside, failing to confirm rallies in the SPX ...... Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician
INDEX:HIGNEducation
by Technician
11
Worsening macro and technical divergence sreams for a short(THIS IS THE RIGHT ONE - THE OTHER ONE DOESN'T HAVE OBV OR SPY TARGETS. SORRY!) Sticking with the bearish case for US Equities I've made for most of 2015, I'm currently selling short a pretty significant position in SPY versus a long basket of Equities and bonds from the rest of the world. My rationale: 1. US Equities are still rich versus rest-of-world stocks in P/E ratios, even after the steep outperformance of DAX and NKY (among others) over SPX. 2. Real Money keeps adding big time to European and Asian mutual funds whilst withdrawing from US on the margin. The trend so far is evident on the divergence in stock prices and I expect it to continue. 3. Macro data in US keeps surprising on the downside over and over again... it made sense to 'buy the bad data' as a Fed put (specially on support zones), but aside from the macro impact, there's a significant impact of worsening economic conditions on corporate earnings that hasn't been priced into this market, IMHO. 4. Big divergences in RSI and On Balance Volume have been developing since late 2014; the market keeps climbing higher with diminishing momentum and buying volume. 4. Signs of strong resistance above 211 on SPY / 2110 on ES/SPX; since early March, the market hasn't closed decisively over this area. Initial targets of 207.50 and 206.60 as signals of money supporting the market. If broken, next targets will be 205 (lower Boll-band on the daily frame); 202.32 (200-day MA); and whatever price SPY will be trading at when it hits 30 on the daily RSI. Will use trailing stops accordingly if the position moves in my favour. Good luck trading.
AMEX:SPYShort
by Daniel_Urdaneta
3
Where next?Decision time. Bitcoin can drop further or slowly get back on track. The On Balance Volume (OBV) is declining, but still in a bullish supporting area. LazyBear's Money Flow Support/Resistance (S/R) Level shows with custom setting that the price is near, but also below last support. Entry example for Long $247. Target: $294 Entry example for Short $253. Target: $194 P:S. More about LazyBear's great indicator package which contains 12 useful indicators: blog.tradingview.com
BITFINEX:BTCUSD
by ChartArt
1