And the rest of the weeks breadth charts...
Here's the rest of the weeks breadth charts I follow...
Notes:
- Cumulative P&F Breakouts - Breakdowns had it's first negative of the year with only 6 breakouts to 16 breakdowns. So -10 for the week, which has taken it 11.6 from it's 20 day MA which I use as a signal/action line, and it's been above since late November 2012.
- The six Advance Decline measures took a small hit, but nothing serious yet and so remain on buy signals imo.
- New Highs dropped back close to crossing below New Lows, but closed the week back above the 100 level.
- The NYSE Volume Advancing / Volume Declining Ratio had a spike in declining volume mid week, but Friday's advancing volume was fairly strong also and so is a mixed still imo.
- The short and medium term volatility breadth charts $NYA/$NYA50R and $NYA/$NYA150R both moved back above their 50 day MAs for the first time since November and so change to sell signals imo.
- The Put/Call ratio closed the week in bearish territory, and the $SPX/$CPC ratio has gone flat.
- The S&P 500 to US Treasuries ratio 1% reversal P&F charts both reversed to a column of Os.
- And finally the effective volume charts - The QQQ is now on a sell signal as it's dropped below it's 20 day MA and the February lows, whereas the SPY and IWM both rebounded at their 20 day MAs, and are at or close to new highs still - and so are still positive.
isatrader
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.
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.