Mark S. Young
Posted 25 July 2018 - 08:43 AM
Man! Last night, despite the rally, BP was down, Cumulative Breadth and A/D volume was down, and the ITBM was down.
That's Bearish, to be sure.
OTOH, the OEX P/C, the VIX P/C and the Options Oscillator all gave Buys.
That's Bullish, to be sure.
Also, there is exactly ZERO premium in Financial Commercial Paper vs. Non-Financial Commercial Paper.
I read this as an early warning in a generally constructive environment. But it's nervous making, to me, anyway!
M
Mark S Young
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Posted 25 July 2018 - 08:48 AM
Yep, it wasn't a real good day for the buyers on Tuesday...looks like another lethargic August coming up.
Fib
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Posted 25 July 2018 - 09:05 AM
Something doesn't feel right, not going by technicals or fundamentals maybe its just everything right now. Likely be a very volatile August!
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Posted 25 July 2018 - 10:29 AM
NYSE indicators (ex breadth tick) seem to correlate better with RUT price action when doing overlays. A quarter of the NYSE are RUT issues, and 40% for NYA commons.
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Posted 25 July 2018 - 11:34 AM
Markets never looks the same..... Market is still in a upswing, as Earnings is headed higher faster than price. My medium term charts and short term charts are neutral, and put/call ratio is not helping pointing in any direction on where this market is going....
Barry
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Posted 25 July 2018 - 02:12 PM
NYSE indicators (ex breadth tick) seem to correlate better with RUT price action when doing overlays. A quarter of the NYSE are RUT issues, and 40% for NYA commons.
Dow 30, NDX 100, SPX 500, RUT 2000,
Breadth measuring the number of stock participating in the move will be most closely correlated with Rut than the other majors.
NYA has more than 1900 stocks
Mark S. Young
Posted 25 July 2018 - 02:42 PM
For clarification, I look at the SPX ITBM. Since I trade the S&P. 
M
Mark S Young
Wall Street Sentiment
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Posted 25 July 2018 - 03:44 PM
What a day! Still unsure about which one is correct... both are valid interpretations... the .886 fib for the first chart is at ~2855... twt.
Link to chart: https://postimg.cc/image/sqz19d315/
Link to chart: https://postimg.cc/image/86u7ay05l/
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Posted 25 July 2018 - 05:01 PM
Man! Last night, despite the rally, BP was down, Cumulative Breadth and A/D volume was down, and the ITBM was down.
That's Bearish, to be sure.
OTOH, the OEX P/C, the VIX P/C and the Options Oscillator all gave Buys.
That's Bullish, to be sure.
Also, there is exactly ZERO premium in Financial Commercial Paper vs. Non-Financial Commercial Paper.
I read this as an early warning in a generally constructive environment. But it's nervous making, to me, anyway!
M
ithink the technicals were great https://www.siliconi...?msgid=31716396
