Blog

Regular update of the major US stock market indexes and indicators. 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 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. 

For the watchlist from Thursdays scans - APT, AUDC, BBY, DELL, DKNG, ENV, KHC, ROP, SPCE, WRTC, Z

Trendline breakouts today in the #nasdaq and #nyse Percentage of Stocks Above Their long term 200 day MAs, and medium term 150 day MAs. A further close above the horizontal pivot would be a strong signal imo

Notable today, was the multiple breakouts on the Percentage of Stocks above their 20 day MA charts, back to the upper zone after pulling back over the last month, which is very healthy. And also the VIX is once more close to its 200 day MA. So could test it tomorrow again...

A big reversal today after yesterdays selloff with a lot of rotation, as the weaker areas of the market showed the best relative strength. A particular area I noted in my scans tonight was numerous consumer staples stocks breaking out from bases.

A big negative distribution day today, with stocks pushing higher early and then reversing and closing down strongly. My portfolio had an 8% range on the day. So was a big swing with many leaders reversing hard like TSLA. But one day does not make a trend and earnings season kicks off tomorrow...

With the VIX knocking on the door of the 200 day MA once more and the S&P 500 consolidating near the top of its recent range in a cup and handle pattern. This week could see some rotation once more if the S&P 500 can breakout...

For the watchlist from Thursdays scans - A, ADI, AMD, AXNX, CDLX, CGEN, FFIV, FIT, FTCH, GLUU, HEAR, IPGP, LLNW, LULU, MCHP, MDB, MDLA, MXIM, PING, PTC, QGEN, QLYS, RGEN, ROKU, SPCE*, SWCH, TENB

For the watchlist from Wednesdays scans - ADSK, BJ, CDNA, CRWD, DVAX, ECOM, FSLY, FTNT, GDS, KL, MRVL, NK, NOW, NTRA, PETS, PRTS, RNG, SEDG, WORK

For the watchlist from Tuesdays scans - AEM, ALNY, APD, AUY, AVTR, CLGX, EVER, FNV, JBHT, MYOK, PAAS, PZZA, RUN, SGEN, SMG, SNAP, SSRM, VSLR, VXRT