NYSE Composite Index WeeklyA breadth measure, the weekly has broken the down channel and survived a retest and is above the cloud. Similar pattern for SOX, XLF, and XLI. Keep a watch on the trend, it is a good tell for market direction.
The NYSE Composite Index is a stock market index that includes all common stocks listed on the New York Stock Exchange (NYSE). It is calculated using a market capitalization weighted methodology, meaning that the weight of each stock in the index is based on its market capitalization, or total value of all outstanding shares. The NYSE Composite Index is considered a broad market benchmark, and is used to track the performance of the overall stock market. It is different from other stock market indices such as the Dow Jones Industrial Average or the S&P 500, which only include a subset of the stocks listed on the NYSE.
NYA trade ideas
NYSE Index Bear Case.Good evening,
This post is part of a series of requests i recently received.
The request was: "What is your bearish projection on the US stonk market".
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Some may ask,
what is the NYSE Index?
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The NYSE Composite is a stock market index covering all common stock listed on the New York Stock Exchange,
including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings.
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My estimated top for the New York Stock Exchange Index sits at $15,546 ~ $18,545
High probability target = $16,600
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My estimated bottom on this one is roughly between $12,293 ~ $10,064
High probability target = $11,319
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Sometimes I need to remind you Who called the bottom in march 2020 and the top in 2021 . Time to be in cash and please just stay there .turn off the screen stop stop stop . there are cycles that are working I did write alot about 3511 /3490 and oct 4th to th20 focus on the 10 Th this is only part of the motion within the fractals and spirals it is also the tides .And the tides are clear now wouldnt you say . But everytime I try give a road map you think something else . 13 yr bull does not correct this small ever !!!
NYSE UPDATED SEE THE FRACTAL NOW filled the GAP We now have filled the gap the TRAP DOOR is now set for the CRASH now they the WALL as I call it are saying look it was a 50% pullback and it is oct they always bottom . I stand my what I say the first leg of the CRASH is in place NOW the CRASH is set up . I am back to 100% CASH
updated nyse chart target for panic lows oct 2022Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times 1.618 gave us the low .Then again in march 23/2020 from the peak in 2020 to the 1974 low a perfect .382 drop to the low . . I am of the view we will return to the level of the 4TH wave which is the march 23 low 2020 soon . Best of trades WAVETIMER ! I am 75 % net short see posts and aug 16/25 turn . or you should be in 100 % cash and should remain until US $ reaches 128 area . Most of you just want to H>O>P>E> that we will be off to the races after this low. I can tell you based on the debt cycle and after a 40 year bull market in expansion of debt that just started a long term BEAR MARKET . I have stated for the record we will see a P/E of lower that 14 and unemployment to see well above 6.3 % I stated by year end if I am off it will be by march 2023
updated NYSE PANIC AND TARGET OCT 4TH/20TH 10781/9609 Final low is in DEC at 8909/9223 I am working on the spirals still from past I will have that within this week . The chart posted is that of the NYSE I use this over all to give me a much clearer view as it is ALL the data . in 1987 panic the market dropped to a near perfect .382 from peak to low oct 1932 . and then again in 2009 the drop from 2000 to 2002 times 1.618 gave us the low .Then again in march 23/2020 from the peak in 2020 to the 1974 low a perfect .382 drop to the low . . I am of the view we will return to the level of the 4TH wave which is the march 23 low 2020 soon . Best of trades WAVETIMER ! I am 75 % net short see posts and aug 16/25 turn . or you should be in 100 % cash and should remain until US $ reaches 128 area . Most of you just want to H>O>P>E> that we will be off to the races after this low. I can tell you based on the debt cycle and after a 40 year bull market in expansion of debt that just started a long term BEAR MARKET . I have stated for the record we will see a P/E of lower that 14 and unemployment to see well above 6.3 % I stated by year end if I am off it will be by march 2023
NYSE Composite Crash & Recovery ProjectionTaking the last 4 major corrections since 2000 averages for both % decline and length to recover to previous level gives a benchmark to consider relative to the current situation.
- % decline 39.38%
- length of time to recover 1,172 days
So $NYA on average well bottom around 10.8k and recover mid-March 2025
Aligning relatively close to the current 200 EMA while taking about 2 yrs for full recovery.
NYA - Bullish following MACD Daily Histogram below 0 for 30 daysNotwithstanding the small sample size, since 2000, NYSE Composite Index ( NYA ) has displayed a consistent 14-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 30 consecutive days.
14-day average gain of 2.31%, win rate of 7 from 7, standard deviation 2.17%, maximum 6.66%, median 1.65%, minimum 0.07%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Decreasing NYA - New LowsOn 04/29/22 the NYA made its lowest close since its decline began in early January 2022.
Yet the number of NYA stocks making new lows has decreased.
Additiionally the big price drop on 04/29/22 was accompanied by a big drop in new lows.
This decrease in new lows is coming at a time when bearish sentiment based on the CBOE ratio is at a two year high. Please see my prior
post about the CBOE - Put/Call ratio.
The combination of decreasing lows and extreme bearish sentiment could be the ingrediants for a significant stock market bottom.
Mark
NYSE Showing loss of momentum in the weekly chartNYSE:NYA
There is a divergence shown in MACD and is showing a loss in momentum.
a possible future drop in price although we seam to have seen higher highs.
This does not mean a possible new swing to higher highs later on.
All my posts are not any kind of investment advice.
NYSE Stopped on a ton of Support Here's an overview of the NYSE exchange and some key reasons why we have a hard stop here. If we continue this downward pressure we will break all of these lines of support. All of the lines are on the chart are drawn, form support! There are alot more but these are the ones the mean the most. Smaller time frames under the daily indicate a Double bottom, but the weekly and daily are key and we are sitting on good support. Surely this bull run from COVID is coming to an end? The monthly indicates a very indecisive market right now, which is barely Bullish. If we expect anything like February 2021, we are in for a rocky month or so ahead.