This week saw a number of major stock market indexes attempt to breakout to new highs. However, only the Nasdaq indexes managed to breakout and hold to the end of the week.

The daily point and figure double top breakouts and double bottom breakdowns in the NYSE and Nasdaq Stock Market. +196 net breakouts - breakdowns for the week

A regular look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc...

Use the Key Market Breadth Indicators to time the market

Updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns. -18 net breakouts - breakdowns for the week

I've been keeping a written trading journal in the forum since 2013, where I've documented all of my trades, warts and all. Which has helped me to learn from my mistakes, and has forced me to stick to my trading rules and avoid making impulsive trades that don't meet my risk requirements.

Weekend update of the major US stock market indexes and indicators. A weekly look beneath the surface of the US stock market, featuring the key market breadth charts for timing trading stocks and the stock market indexes, such as the NYSE Bullish Percent Index, the Advance Decline Line, the New Highs - New Lows etc and some custom breadth indicators of my own in order to determine what the "Weight of Evidence" is suggesting in terms of the US stock market direction and how to allocate your money.

The NYSE Bullish Percent Index, sometimes referred to as the head coach closed just below the key 70% level for the first time since the breakdown in early 2018 this week. So although it's moving towards the upper zone, it's not yet oversold by any means, and the Nasdaq is in a similar position just below the key 70% level also.

The Sector Average is at 72.21% currently and gained +4.20% since last week with Utilities having the largest gains by a long way this week. Followed by Consumer Discretionary, Consumer Staples and Technology.

Updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns. +296 net breakouts - breakdowns for the week