ITBM negative but unconfirmed.
Funny breadth right now.
M
Posted 20 June 2018 - 07:07 PM
ITBM negative but unconfirmed.
Funny breadth right now.
M
Mark S Young
Wall Street Sentiment
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Posted 20 June 2018 - 10:24 PM
Posted 20 June 2018 - 10:25 PM
Its warming up for a nice volatility scare...most likely later this summer, but internals as you have mentioned are slowing fading now. Gotta break the momo first, and get overhead supply and motivated sellers...then acceleration later.
Posted 20 June 2018 - 10:39 PM
Why funny? Lol
What is ITBM?
Intermediate-term Breadth Momentum Oscillator.
Mark S Young
Wall Street Sentiment
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Posted 21 June 2018 - 04:38 AM
NYSE
NASDAQ
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Posted 21 June 2018 - 08:24 AM
NYSE
NASDAQ
NYSE looks top to me but Nasdaq is for sure leading, be interesting to see how it turns out!
Posted 21 June 2018 - 09:56 AM
It's not the start of a Bear market, in my view, that's for sure.
Mark S Young
Wall Street Sentiment
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Posted 21 June 2018 - 10:22 AM
A lot of small biotechs have been making moonshots lately. There are 500 some biotech stocks listed on the exchanges. Once you get out of the large and mid caps, they might be as much as 20 percent of the small cap universe now.
Posted 22 June 2018 - 06:05 AM
ITBM negative but unconfirmed.
Funny breadth right now.
M
the reason cumulative volume down and breadth up. is that the bulk of the nya volume comes from the dow 30 components ....and the broader measures of market activity ie breadth is up is reflected by the action of the vle and other indexes relative to the dow