55 replies to this topic

[dTraderB]

$Bullish sentiment abounds, but it isn't as bullish as it could get. Given the strength of the current rally we think we will see even higher bullish sentiment readings. If the 2021 rally is any indication, these sentiment measures can get extended and not result in lower prices."

https://stockcharts....ullish-773.html

[dTraderB]

SOLIDLY BULLISH for 9th straight week
57-43
Helene Meisler (@hmeisler) posted at 2:18 PM on Sat, Dec 23, 2023:
The results are in and folks lean bullish for the 9th straight week, tying the 9 week bull run heading into November 2021.

Thank you so much for participating each week. Wishing everyone an awesome holiday season! https://t.co/8onAI7Dze4
(https://x.com/hmeisl...7938906605?s=03)

[dTraderB]

"...
Now we are once again seeing great strength in this A-D Line, as it is going up at a very steep angle, and matching the price gains of the SP500 step for step. The message is that liquidity is plentiful, and should remain so for a while. There is no sign of a divergence yet, and I would expect that we shall see a divergence with prices before any real trouble gets started. That has been the track record for these data, which FINRA publishes going back as far as 2005.

One note about these data: You can access them daily at https://www.finra.or...market-activity. FINRA does not post the data until very late at night for the preceding trading day, because evidently it takes a while to compile all of those statistics. FINRA also rejiggered that web site, changing the format so that it is easier for those who are adept at programming to be able to scrape the data automatically. It takes a while to learn to read through the multiple lines of data, but what you want is to fetch the "CORP" data series if you wish to replicate this chart yourself. Or you can sign up at our web site for our twice monthly McClellan Market Report or our Daily Edition, where we feature it periodically.

Tom McClellan
Editor, The McClellan Market Report"

https://www.mcoscill..._bond_a-d_line/

[dTraderB]

Solidly above 100 & staying there:
https://www.mcoscill...t_breadth_data/

"...Now we are once again seeing great strength in this A-D Line, as it is going up at a very steep angle, and matching the price gains of the SP500 step for step. The message is that liquidity is plentiful, and should remain so for a while. There is no sign of a divergence yet, and I would expect that we shall see a divergence with prices before any real trouble gets started. That has been the track record for these data, which FINRA publishes going back as far as 2005.

One note about these data: You can access them daily at https://www.finra.or...market-activity. FINRA does not post the data until very late at night for the preceding trading day, because evidently it takes a while to compile all of those statistics. FINRA also rejiggered that web site, changing the format so that it is easier for those who are adept at programming to be able to scrape the data automatically. It takes a while to learn to read through the multiple lines of data, but what you want is to fetch the "CORP" data series if you wish to replicate this chart yourself. Or you can sign up at our web site for our twice monthly McClellan Market Report or our Daily Edition, where we feature it periodically.

Tom McClellan
Editor, The McClellan Market Report"

https://www.mcoscill..._bond_a-d_line/

[dTraderB]

Tom McClellan (@McClellanOsc) posted at 10:47 PM on Fri, Dec 22, 2023:
The NYSE's Ratio-Adjusted Summation Index (RASI) has climbed up well above the +500 level, which serves as a threshold for a rally achieving "escape velocity". Failing at or below +500 is a problem for a new rally. The current high reading does merit a consolidation or https://t.co/GxW3Telly2
(https://x.com/McClel...5297090795?s=03)

[dTraderB]

Bonnie Gortler (@Optiongirl) posted at 7:17 PM on Fri, Dec 22, 2023:
The Bullish Percent Index (BPI), developed by Abe Cohen in the 1950s, is a breadth indicator based on the number of stocks based on Point and Figure Buy signals. The indicator helps you know the market's health and when it's overbought or oversold.

When the bullish percent index https://t.co/E8aPP4uQAu
(https://x.com/Option...4869009750?s=03)

[dTraderB]

The Top Five Charts of 2023
by David Keller
The end of the year provides a natural opportunity to look back and reflect on what we learned over the last 12 months as investors...

https://stockcharts....f-2023-367.html

Edited by dTraderB, 26 December 2023 - 06:53 AM.

[dTraderB]

"On Tuesday, the percentage of S&P 1500 stocks closing above their respective 50-day average increased above 90% for only the 26th time since 1962. The previous signal occurred in May 2020, leading to a substantial stock rally."

https://mailchi.mp/0...rt?e=b27dc45da1

[dTraderB]

Closed NQ HEDGE LING 17045
Will reopen lower

[redfoliage2]

At this juncture upside is very limited.   I'd be prepared for a reversal either intra- day or overnight .........................