[shaunattwood]

PCABC,
I'm going to ignore any whipsawing back (slightly) above the 150 day ma's. I'm riding the MACD down this time. I shorted LLOY before the UK close. Still hoping for a rally to add to USA shorts.

[isatrader]

Some more negatives for the weight of evidence.

HYG - High Yield Corporate Bond Fund Weekly and Monthly Charts both in Stage 4 now, with strong breakdowns today. Monthly looks significant as is the first time since the 2009 bottom, and the weekly is breaking down from a massive two year double top pattern on huge volume.

       


The VIX is also breaking out above 20

   

Caution

[pcabc]

Breadth charts. In nearly, if not all, it looks like support is very close to being broken:
           
       

[isatrader]

Note: All three timescales for the Nasdaq moving average breadth charts changed to Bear Confirmed Status this week.


The Nasdaq Bullish Percent Index

       

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

           

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line charts

           

Nasdaq Advance Decline Line

       

Nasdaq New Highs New Lows

       

[isatrader]

Attached is the NYSE Bullish Percent Index and the NYSE long, medium and short term moving average breadth charts.

Note: All three timescales for the NYSE moving average breadth charts also changed to Bear Confirmed Status this week. So the entire US major markets on all timescales.

The NYSE Bullish Percent Index

       

NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

           

NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line charts

           

[isatrader]

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.

Note: Negative breakdowns in the advance decline measires this week.

                       

[isatrader]

Attached is the NYSE New Highs / New Lows charts.

Note: Bearish moves on all three charts

           

[isatrader]

Attached is the updated US equity index charts.

Note: A number of the indexes have moved back into Stage 4 this week following the pullback to what could possibly be considered the equivalent to the B entry point in the method for short sales. See chart 7-13 from page 229 in the book.

   

US Stock Indexes