Low volatility is good for the market, but extreme low volatility is not As you can see, a lot of times where the TVC:VIX crossed 12 from below it signaled a correction within a bull market And is not just the VIX, there are other breath indicators that are converging at levels that usually signal correction I normally track the % of SPX stocks above their...
Every time this index broke back above 30% the Nasdaq NASDAQ:IXIC ended its correction. Will it happen again? I don't know, but I'm not betting against it. Maybe #tech won't continue to lead as AMEX:XES and AMEX:XOP are the sectors leading right now and the Nasdaq has nothing in #energy. But still, stocks like NASDAQ:DBX and NYSE:PSTG are still...
I don't know if I even have to explain this chart. Is just too easy to see. The number of SP:SPX stocks above its 200-day MA confirmes a bear market when crosses below 50, and confirms a bull market when crosses above the same level and stays there. It has happened for the last 3 bear markets. Also, is good to point out that is better to use it for bottoms...
The percentage of stocks of the SP:SPX got above 80% last week. For the last 4 years, this has been a very good signal for excess and a correction is due. Use this to find strength. The stocks that manage to stay above its 50-day MA may be the ones that lead the next move. At the moment oil, gas and some solar stocks dominate my watchlist. And I am a Bottom-Up...
Hi Traders! As you can see the market is in a downtrend. In the beginning the market was in a strong upmovement. Then it turned back and then it was moving in a strong downtrend. This means, that the bulls and bears are both as strong as the others. In addition, the market has no more strength to move further. That's why we expect that the market will move in a...
Hi Traders! As you can see the market is in a calm short session on the 1H Timeframe. It is moving in a parallel channel since the beginning of February (1.10900) until now (1.09500). This is a difference of 140 pips! Now we're expecting a breakout upwards to "breathe" and having a pullback. The next logical area is the resistace at 1.09950. If the market...
HAPPY NEW YEAR, EVERYONE! Breath...2...3....4...Exhale...2...3...4...5...6.. 2020 will be the year of patience. Have a trading plan or you are going to be left behind in the bull market. The crypto bull markets are more powerful than anyone can imagine, especially if you are a person that bought in at the beginning of the bear market. Don't wait for two year...
Today's market showed some breath, specially for software. Which is normally a growth>value story. $118 is the closing gap resistance. Important market sentiment: Tomorrow October 4th will be a deciding move, as we get the employment report before the open (8:30am ET). With recent continued weak manufacturing data, this employment data could tell us if a...
Advance Decline Line of OTC markets vs SPX price variations... very similar to russell 3000 advance decline line...
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...