Edited by ogm, 13 May 2013 - 11:48 AM.
SPX hits new high with NYSE a/d almost 2 to 1 negative.
Started by
ogm
, May 13 2013 11:47 AM
41 replies to this topic
#1
ogm
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Posted 13 May 2013 - 11:47 AM
Interesting.
I think IYB has posted a study along these lines and the short term market action was more often negative then not.
We'll see how this works out.
#2
fib_1618
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Posted 13 May 2013 - 12:07 PM
And how many stocks in the SPX are NYSE traded stocks?
Other than that, NYSE breadth at 13:03 is not nearly 2 to 1 negative...1323/1799.
Regardless, the bears have absolutely no power here...minimally a month away for something like that to happen.
Fib
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#3
da_cheif
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Posted 13 May 2013 - 12:12 PM
And how many stocks in the SPX are NYSE traded stocks?
Other than that, NYSE breadth at 13:03 is not nearly 2 to 1 negative...1323/1799.
Regardless, the bears have absolutely no power here...minimally a month away for something like that to happen.
Fib
and they hate this...,.,
http://stockcharts.c...m...27006&r=620
#4
ogm
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Posted 13 May 2013 - 12:17 PM
And how many stocks in the SPX are NYSE traded stocks?
Other than that, NYSE breadth at 13:03 is not nearly 2 to 1 negative...1323/1799.
Regardless, the bears have absolutely no power here...minimally a month away for something like that to happen.
Fib
At this moment, I'm refferring to Short term action.. next few days. If a major downturn is a month away, doesn't mean that until then we'll be up every day.
And specifically, IYB has posted a study with SPX hitting new highs, while, NYSE A/D 3 hour average is below 1500. Today would be an extreme case of that divergence.
SPX A/D isn't spectacular either, btw. Its flat to negative all day. There are plenty of short term breadth divergences and MCO divergences.
Edited by ogm, 13 May 2013 - 12:19 PM.
#5
fib_1618
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Posted 13 May 2013 - 12:21 PM
So am I.At this moment, I'm referring to Short term action.. next few days.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#6
PrintFaster
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Posted 13 May 2013 - 12:22 PM
Regional Banks going wild today, BK, CMA, BBT, etc.
Market never tops out with financials so strong, breaking out to new highs.
#7
ogm
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Posted 13 May 2013 - 12:24 PM
Regional Banks going wild today, BK, CMA, BBT, etc.
Market never tops out with financials so strong, breaking out to new highs.
Well, something else isn't going wild then, isn't it? since 3 stocks are declining for every 2 advancing
#8
fib_1618
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Posted 13 May 2013 - 12:28 PM
Grasping for straws?Regional Banks going wild today, BK, CMA, BBT, etc.
Market never tops out with financials so strong, breaking out to new highs.
Well, something else isn't going wild then, isn't it? since 3 stocks are declining for every 2 advancing
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#9
ogm
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Posted 13 May 2013 - 12:29 PM
Just by this massive bull invasion, I can tell that the market is peaking short term Consider it my personal sentiment indicator 
I'd also pay attention to credit markets, after all, what good does dividend yield chase do if rate are climbing for several days already.
Consider it my personal sentiment indicator
I'd also pay attention to credit markets, after all, what good does dividend yield chase do if rate are climbing for several days already.
#10
ogm
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Posted 13 May 2013 - 12:30 PM
Grasping for straws?Regional Banks going wild today, BK, CMA, BBT, etc.
Market never tops out with financials so strong, breaking out to new highs.
Well, something else isn't going wild then, isn't it? since 3 stocks are declining for every 2 advancing
Fib
No, just commenting. I posted an analogy weekly chart a few day ago. And my indicators say we are peaking here. Thats it. We're on track. I can throw in more charts. Maybe later.
Edited by ogm, 13 May 2013 - 12:32 PM.
