NYSE breadth momentum still going up today. SPX is in consolidation pending for a trigger to breakout .........................
Edited by redfoliage2, 28 March 2023 - 10:01 AM.
Posted 28 March 2023 - 10:01 AM
NYSE breadth momentum still going up today. SPX is in consolidation pending for a trigger to breakout .........................
Edited by redfoliage2, 28 March 2023 - 10:01 AM.
Posted 28 March 2023 - 12:38 PM
Update:
The McClellan Summation Index has sent a signal indicating US stock market is likely at an IT bottom here. I'm looking for a confirmation by the end of the week .....................
Edited by redfoliage2, 28 March 2023 - 12:44 PM.
Posted 28 March 2023 - 12:49 PM
Update:
The McClellan Summation Index has sent a signal indicating US stock market is likely at an IT bottom here. I'm looking for a confirmation by the end of the week .....................
I meant by late Friday
Posted 29 March 2023 - 09:12 AM
Since this signal is not confirmed yet I'd be nimble for now ................................
Posted 29 March 2023 - 02:49 PM
SPX made an impressive breakout of the 50 dma 4014, that is both ST/IT bullish ......................
Posted 30 March 2023 - 08:51 AM
So before the EOQ window dressing is done by the end of the week dips are likely to be bought ........................
Posted 30 March 2023 - 09:06 AM
It's likely this may lead into an IT rally, I will update late Friday on this as more data coming in ..............................
Edited by redfoliage2, 30 March 2023 - 09:09 AM.
Posted 30 March 2023 - 10:57 AM
As Mr. Powell admitted yesterday that the Fed rate hike is about done we should see more EOQ buying late today and tomorrow ..................................
https://www.bloomber...ce=uverify wall
Posted 31 March 2023 - 09:05 AM
Currently the market is extremely over bought. The opening gap may get filled before anything ......................
Posted 31 March 2023 - 10:19 AM
Money leaving MSFT and NVDA.