[isatrader]

Attached is the NYSE New Highs / New Lows charts.

           

[pcabc]

Breadth chart, DJI & NYSE. I've added cummulative advancing / declining volume (advancing-declining)/(advancing+declining+unchanged) in this chart. Both the advance / decline line and this new line have made recent lows that are essentially at the same level. At best I assume that things might go either way.
   

The chart is getting busy, I need to work out how to present all this information on a tidy chart.

[isatrader]

Breadth chart, DJI & NYSE. I've added cummulative advancing / declining volume (advancing-declining)/(advancing+declining+unchanged) in this chart. Both the advance / decline line and this new line have made recent lows that are essentially at the same level. At best I assume that things might go either way.

What i see when looking at that chart is the advance decline line is above it's 50 day MA now, which it's been below since June, and the MA is also flattening. Plus the New Highs New Lows is showing a positive divergence with a higher low and moving back above it's zero line. So some positives creeping in, although the AD line is still a little under the 200 day MA.

[pcabc]

What i see when looking at that chart is the advance decline line is above it's 50 day MA now, which it's been below since June, and the MA is also flattening. Plus the New Highs New Lows is showing a positive divergence with a higher low and moving back above it's zero line. So some positives creeping in, although the AD line is still a little under the 200 day MA.

Hmm. What do you see as the likely strongest sectors at the moment - the ones that look most like they are going to go into continuation? The thing that looks positive now is REITs - and they are stuck in a trading range so I'd not be surprised if they halted but hopefully not. I've produced my own breadth charts for gold miners, old & gas producers & miners in general and they all look bearish with no indications of turning.

[isatrader]

The Nasdaq Bullish Percent Index

Note: The Nasdaq Bullish Percent Index gave a double top signal on the P&F chart on Friday, and so it's status changes to Bull Confirmed.

       

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 updated US equity index charts.

US Stock Indexes

       

           

[pcabc]

Some breadth charts. For the US charts the indicies seem to have poked up above falling MA150 days.

           
       

I suppose the question that we don't know the answer to this whether this is this a correction or a bull trap?

While I am seeing some breakouts on my screener I don't see much point in posting them whilst the main indices are in this state.

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Worth noting however, that the US technology sector and NASDAQ 100 appear to be on the cusp of breaking out with a gap up on the NASDAQ. Is this a positive trend or an exhaustion gap?

       

[pcabc]

I've just plotted a breadth chart of XLK versus breadth calculated from its, plus a few other, tech stocks: