All 3 of the BarChart Indicators that I use to evaluate short term Stock Market trending are NEGATIVE - A CODE YELLOW situation still exists. Until the Market changes direction let your stop losses trigger and do not make new positions
Value Line Index Daily Moving Averages (approx 1700 stocks) 2 of 3 DMAs trending lower
- Trending BELOW its 20 DMA
- Trending BELOW its 50 DMA
- Trending ABOVE its 100 DMA
BarChart Market Momentum ( approx 5725 stocks) Daily Moving Averages 2 of 3 trading lower
- 67% trading BELOW their 20 DMA
- 58% trading BELOW their 50 DMA
- 77% trading ABOVE their 100 DMA
BarChart New High/Low Ratios 2 of 3 ratios lower
- 20 day H/L 355/1110
- 65 day H/L 157/296
- 100 day H/L 114/66
No comments:
Post a Comment