Jump to content



Photo

Weekly Breadth Data - 1/14/22

advance/decline line global markets precious metals oil reits interest rates

  • Please log in to reply
No replies to this topic

#1 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 9,788 posts

Posted 27 January 2022 - 01:52 PM

After a spirited intraday session of trading on Monday, the major market indices gyrated their way sideways for the rest of the week before finishing on Friday with an small average loss of -.21% with the New York Composite, NASDAQ 100 and S&P 600 Small Cap Indexes grinding out the only index gains for the week.

Looking at our usual list of cumulative breadth charts shows very little in the way of technical activity as most were reserved with the exception of the NYSE Specialty CEF advance/decline line which moved to new all time highs mid week before backing off into Friday's close. The Energy Sector advance/decline line finally broke above its intermediate term declining tops line on Tuesday as the XLE has now climbed to its highest levels since the summer of 2018. With the interest rate sensitive issues maintaining their broad based liquidation patterns, the Financials Sector advance/decline line continues to benefit as the expectation of higher interest rates will increase the profitability of future loan portfolios. Both the Precious Metals and XAU advance/decline lines remain on an internal fence at this time, while over in India, the Bombay advance/decline line continues to make new all time highs on a daily basis. 

So with the BETS remaining at zero for the second week in a row, the marketplace continues to reflect a fully neutral bias. As we go into this month's OPEX period at the end of the week, market internals are on the mixed side with secondary growth issues continuing to be the weakest link as both the NASDAQ Composite and NASDAQ 100 do their best in holding on to their trading range price floors of the last 2 months. Several of the breadth McClellan Oscillators are also at or near their zero lines at this time which suggests that one side is about to take control of the short term price action. Both the NYSE and NASDAQ Open 10 TRIN's are near their .80 "overbought" levels as we start the week ahead, while the 10 day average of put/call ratios continue to be on the trendless side. With nothing too much to go on then, let's take a more neutral stance as well for the week ahead, with the expectation that market prices will again be choppy, if not volatile, overall.

Have a great trading week! 

 

US Equity Markets:

breadthspx011422.png

breadthdjia011422.png

breadthspec011422.png

breadthpre011422.png

breadthrut011422.png   

 

US Interest Rates:

breadthtnx011422.png

breadthig011422.png

breadthmuni011422.png

breadthjunk011422.png

US Sectors:

breadthxle011422.png

breadthxlf011422.png

breadthreit011422.png

Precious Metals:

breadthpm011422.png

breadthxau011422.png

Australia:

breadthaus011422.png

England:

breadthftse011422.png

France:

breadthcac011422.png

Germany:

breadthdax011422.png

India:

breadthbse011422.png


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.

Technical Watch Subscriptions



 






Also tagged with one or more of these keywords: advance/decline line, global markets, precious metals, oil, reits, interest rates