[isatrader]

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 24.02% currently and dropped -1.88% since last week, with consumer discretionary and financials having the largest losses.

       

[gbarbs]

Looks like the Momentum Index crossed into negative territory today, in the last hour of trading sell off.  Signals all look negative to me.  The 4 month rule is not quite negative if you apply it to something like AMZN or AAPL but not far off.  Just a couple weeks for AMZN.  Think I will add SPY puts.  Maybe there will be a circuit breaker type sell off coming soon.

[isatrader]

Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.

Totals for the week:

+85 double top breakouts
-1694 double bottom breakdowns

-1609 net breakouts - breakdowns

Note: this is by far the biggest weekly drop we've had this year, and the distance from its 20 day moving average is the furthest it's been. So seeing some extremes currently.

                           

[isatrader]

Here's the weekly overview charts of the US Bullish Percent and Moving Average Breadth.

Note: Stage 4 across the board, with moving average breadth reaching some extreme levels on long, medium and short term time frames

                   

[grbaNT]

Attached are the updated charts of the RABWDB Indicator, Individual Phases, SP500 RABWDB, SP400 RABWDB and SP600 RABWDB.

Quick description of the indicator: Sample is the same as for the Survey (2287 stocks). Stock classification is done as per Chuck Dukas's TrendAdvisor Diamond described in his book (see attached TrendAdvisor Diamond). Stocks in bullish, accumulation and recovery phases are considered healthy and cumulatively plotted as an oscillator, same as in the Survey. Those in warning, distribution and bearish phases are considered technically unhealthy.

[grbaNT]

Attached are the updated charts of the US Stock Market Survey Indicator, Individual Stages, SP500 Survey, SP400 Survey and SP600 Survey.

If you want to read my commentary, please go to https://dg-swingtrading.blogspot.com/sea...%20Breadth
To learn more about the indicator go to https://dg-swingtrading.blogspot.com/201...urvey.html

[isatrader]

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 15% currently and dropped -9.02% since last week. And has reached extreme levels in all but the utilities sector.

       

[isatrader]

Attached is the updated NYSE and Nasdaq 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.

                                       

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Attached is the updated US New Highs - New Lows Charts