Tag: Market sentiment

Nasdaq breadth chart shows fewer stocks partaking in the upward move.

At Market Tops, Fewer Stocks Participate In The Uptrend


Here is a very important lesson that you need to commit to memory: at market tops, fewer and fewer stocks participate in the upward move. One of the main reasons I gave Bears the advantage over Bulls on the Saturday show last week and have lowered the market sentiment gauge to 40, is that fewer Read More »

Russell 2000 Index prediction shows market down week ending September 29, 2017

Russell 2000 Index Prediction Signals Pullback Coming


The Russell 2000 index prediction was very accurate last week as the Russell followed the predicted path (green line) very closely last week as seen in the chart below. The Russell 2000 is predicted to pullback next week and retest its $140.89 support level by mid-October. Sometime in late October, we will be looking at Read More »

Nasdaq Advance Decline Gives Swing Long Buy Signal


The Nasdaq Advance Decline ratio chart gave a swing long buy signal on Friday, August 25, 2017. The Advance Decline ratio chart shows the number of stocks that advance in value to the number of stocks that decline in value over a given time period. An increasing advance decline ratio signals a bullish trend while Read More »

Here Comes Inflation FINALLY! Traders Focus On Earnings


We have enough data to say that inflation is finally trending higher. In case you are wondering why inflation moving higher is important, please review this. The less volatile sticky CPI confirms the uptrend. ObamaCare has exploded the cost of medical care higher. Medical care commodities, which are prescription and non-prescription Read More »