[isatrader]

US New High - New Lows cumulative chart below its 50 day MA

   

[isatrader]

Longer term measure moving into the lower zone. So majority of Nasdaq stocks in Stage 3 or Stage 4.

Watch for reversals back out of the lower zones. Until then - Caution.

   

#stocks #trading #investing

[isatrader]

Updated Effective Volume charts from http://www.effectivevolume.com/content.p...etf-review of the SPY, QQQ & IWM after the Fed.

Large players strengthening, especially in the large cap indexes.

   

[isatrader]

Percentage of stocks above their 20 day EMA in the Nasdaq, NYSE, S&P 500 & Small Caps with higher low reversals, with majority moving back out of the lower zone again. So consider it a short term bullish signal, but remembering that we are still on Difficult Environment status.

               

[isatrader]

US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

31.89% (-4.85% 1wk)

Status: Difficult Environment / Defensive strategy

The Total % Stocks pulled lower again this week towards the lower zone once more, but of note is that the distance from the 20 day and 50 day MAs is decreasing compared to the recent lows.

       


20 and 50 day Oscillator

These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environment 

       


NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

39.62% (-6.42% 1wk)

       


Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

24.16% (-3.27% 1wk)

       

[isatrader]

Totals for the week:

+358 double top stock breakouts
-1109 double bottom stock breakdowns

-751 net breakouts - breakdowns

   

Status: Difficult Environment

The cumulative line made a continuation breakdown this week and is now showing Stage 4 characteristics.


Cumulative Point & Figure Breakouts - Breakdowns Distance Above / Below its 20 day MA

   


Cumulative Point & Figure Breakouts - Breakdowns MA Momentum Oscillators

               

[isatrader]

% above +1x ATR(21 day) = 12.67%
% below -1xATR(21 day) = 24.47%

Not much change this week with the Greater+1ATR consolidating, but the cumulative line did continue to pullback.

           

[isatrader]

The purpose of the RS tables is to track the short, medium and long term RS changes of the individual groups to find the new leadership earlier than the crowd.

100 is strongest, 0 is weakest

You can find out which stocks are in each industry group by going to https://stockcharts.com/freech... and clicking on the name of the group

       


1 week, 2 week, 4 week and 12 week RS changes