ANALYSIS ON FED STANCE Powell has consistently indicated that interest rate decisions would hinge on economic data, a stance reaffirmed by the unchanged rates in the latest policy announcement. Despite the Fed's clarification that rate cuts are unlikely until there is more certainty that inflation is consistently heading towards the 2% target, some still question...
When we look at the first chart the Margin Debt with brokers (aka how much the brokers are deploying margin) - we see a positive relationship with the times when brokers are on margin (aka buying a lot) and the market going up. When we analyse the Rate of Change of this stat for the last 15months we can see that currently we are getting to a state of bearishness...
Hello Traders, Today, we're taking a look at the 63-Day QQQ-QQEW ROC% Spread Indicator. This unique tool provides us with a perspective on the momentum difference between the Invesco QQQ ETF (QQQ) and the First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) over a 63-day trading period. Credit for this study goes to Ned Davis Research (NDR), who provide quality...
On Thrusday an important momentum thrust indicator gave a buy signal with NYSE advancing stocks leading declining stocks by better than 1.91 to 1 over the last 10 trading sessions. The Thrust has been backtested by NDR (Ned Davis) and we can see very impressive statistics. I have developed an indicator for this and it is available in my profile. Here is the link too:
The market triggered last week the Ned Davis 3 Day Price Thrust Trigger Indicator - indicator available in my profile. The Thrusts occur when the S&P 500 rises at least 1.5% for one day, at least 1.15% for a second day, and at least 1.5% on the third day. The record since 1970 is perfect one year later. However, the prior18 cases, ending in 1938, only show 11 out...