Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500, Nasdaq 100, DJIA & S&P 600
Here are the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.
Note: This week saw multiple breakdowns on bullish percent indicators, and also the key NYSE Percentage of stocks above their 150 day moving averages chart also had a double bottom breakdown and so moved to a bear confirmed signal on the 14th August.
Also attached is the NYSE Bullish Percent chart, which tracks all of the stocks on a P&F buy signal - which this week gave a bear confirmed signal (Standard box size for the Bullish Percent is 2%, with a 3 box reversal to change columns. Signals are generated from P&F double bottom breakdowns or P&F double top breakouts and are infrequent due to scale of the chart). See https://www.investorsintelligence.com/x/...ators.html for an explanation of the breadth signals and their meanings.
I've also included the bigger version of the line chart, which is included every week as the first indicator in NYSE chart. But attached is the full size high low bar chart version for those that don't realise what it shows.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.