Current environment seems hard to trade in. If you zoom out every now and then, you'll find a lot of Inside Quarterly candles, like $SPY. Not saying market is expected to go up or down, but it's seeking for a (clear) direction. Check your internals/sector ETFs, currently lots of inside's on the quarter: DIA IWM OIH SLX SMH XBI XHB XLB XLC XLE XLF XLI XLP XLU...
I created this indicator to combine several market internal and sentiment indicators. The readings seen currently are below the March 2020 Covid sell-off readings and approaching what we saw in Dec 2019, which was a pretty bad month for that year as some of you might remember. This indicator can act as both a warning and as a 'get ready to buy' indicator. ...
The 2 most important internals we can measure are sentiment and breadth . Sentiment is going higher, but breadth is starting to show cracks. The are many breadth measures, including: McClellan Oscillator, advancers vs decliners, equal weights. Both had been holding up very well; however, the breadth is starting to show downtrends, suggesting we are due for...
When the 20ema crosses below or above the 50ema, it has been an amazing signal in trend reversals. Creating the strategy on your own is very easy to build and follow. The inverse of the TLT is TBT; which could prove to be interesting if we continue to see interest rates tick higher. Important to note, that the Bull-cross has been much more indicative than the...
Hello Fellow Traders, I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment. Just doing some technical analysis on Price action doesn't provide good results. Price action along with Volume gives a meaningful...
Bullish flag breaks on though the top and I drop some knowledge right here: Between 24-Jan-2014 and 23-Jan-2019, there have been 7 independent observations where the Average 5-Day RSI for S&P 500 Stocks crossed below the level of 70. After 5 days, the S&P 500 returned an average of 0.65% (SD 0.78%), with the return being positive in 86% of the observations. SPX...