41 replies to this topic

[fib_1618]

( and yes, its 2 to 1 negative now, as it has been eroding steadily )

You really need a new data source as NYSE breadth plurality has been hanging around -500 issues all day long.

NYSE breadth at 16:05 is 1235/1887; NASDAQ has also been consistent today as well (within -200 issues) at 1159/1363.

Although the market may be extended, it is by no means showing enough internal decay to warrant a price reversal of more than a day (a pause to refresh).

Watch the MCSUM..it IS your primary barometer on all things breadth right now.

Fib

[no_mind]

Today's action looks like your typical setup for a bullish Tuesday.

[risk_management]

( and yes, its 2 to 1 negative now, as it has been eroding steadily )

You really need a new data source as NYSE breadth plurality has been hanging around -500 issues all day long.

NYSE breadth at 16:05 is 1235/1887; NASDAQ has also been consistent today as well (within -200 issues) at 1159/1363.

Although the market may be extended, it is by no means showing enough internal decay to warrant a price reversal of more than a day (a pause to refresh).

Watch the MCSUM..it IS your primary barometer on all things breadth right now.

Fib

Did anyone find out the cause for this discrepancy? Fib, what data source are you using?

[fluid]

So as I said earlier... the SOX was the only major one I found that tested it's previous low today..

Here's what "Starting to look Bearish" Looks like:



So we'll see where it closes...

Well, its a start Its gotta start somewhere, right ?

No one knows what the top tick or the final candle of this rally is going to look like. I'm guessing it will be something uneventful. Like today.

High complacency, while prices slowly weaken. And then it will turn out that it was the IT peak.

I do think that 2 to 1 negative a/d ( and yes, its 2 to 1 negative now, as it has been erroding steadily ) is not looking good on the day SPX is hitting yet another all time high.

I wish you no offence, but you are fighting against the first rule in trading: the trend is your friend. trying to pick a top relies on a. perfect timing and b. perfect price in a market thats strong

[PrintFaster]

Sure are a lot of "Heavy Breathers" making outsized moves the last few days.

Names like Restoration Hardware going totally parabolic.

Biggest Gainers on NYSE

Top Ranked Names on Stockcharts

[da_cheif]

whats coming will be shawk n awe........this once in a lifetime event will have no historical comparison......in fact few will make a dime as it will be much to frightening for anybody to handle........you can blame it all on the dows divisor.....which is now a multiplier......

[fib_1618]

Did anyone find out the cause for this discrepancy? Fib, what data source are you using?

The only place I know of that does not include ARCA trading, and is the most consistent, is the Wall Street Journal.

Fib

[Kimston]

Well, Barron's says the market has a long way to go. How could you argue with that?

[KCScott]

Mean Reversion will be..... MEAN

[arbman]

I think the market needs a consolidation at least, it is very stretched and now the breadth is lagging... The cumulative A/D did not reach a new high since last Monday, NYSE MCO is diving nose down... The new highs are also lagging... So the breadth has been lagging the last set of highs in indices since last week...

Edited by arbman, 13 May 2013 - 11:38 PM.