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Strategies & Market Trends : Point and Figure Charting

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To: mattstat who wrote (34376)7/25/2022 9:57:06 PM
From: J.B.C.1 Recommendation

Recommended By
easygoer

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From DWA:



Observations:

    Equities ended higher after another busy week of earnings. The Dow, S&P 500, and Nasdaq gained 2%, 2.6%, and 3.3%, respectively, and returned to Point & Figure buy signals.This also led to several constructive moves from our technical indicators. The Positive Trend and Ten Week for the S&P 500 each reversed up into Xs to signal increased stock participation.Furthermore, the NYSE High Low reversed into X’s after reaching 10% or lower for a second consecutive time - an occurrence that has only happened seven other times since 1980.Although notable outliers are present, historically, this has been a strong signal for markets. In fact, the S&P 500 never posted a loss six- and twelve-months after.Two macro things to watch this week would be Treasuries and the US Dollar. TNX completed a bearish triangle on Friday and the US Dollar is exhaling; each now tests key support levels.



Observations:
• Equities ended higher after another busy week of earnings. The
Dow, S&P 500, and Nasdaq gained 2%, 2.6%, and 3.3%,
respectively, and returned to Point & Figure buy signals.

This also led to several constructive moves from our technical
indicators. The Positive Trend and Ten Week for the S&P 500
each reversed up into Xs to signal increased stock participation.
Furthermore, the NYSE High Low reversed into X's after reaching
10% or lower for a second consecutive time - an occurrence that
has only happened seven other times since 1980.
Although notable outliers are present, historically, this has been a
strong signal for markets. In fact, the S&P 500 never posted a
loss six- and twelve-months after.
Two macro things to watch this week would be Treasuries and
the US Dollar. TNX completed a bearish triangle on Friday and
the US Dollar is exhaling; each now tests key support levels.


Observations:

    Equities ended higher after another busy week of earnings. The Dow, S&P 500, and Nasdaq gained 2%, 2.6%, and 3.3%, respectively, and returned to Point & Figure buy signals.This also led to several constructive moves from our technical indicators. The Positive Trend and Ten Week for the S&P 500 each reversed up into Xs to signal increased stock participation.Furthermore, the NYSE High Low reversed into X’s after reaching 10% or lower for a second consecutive time - an occurrence that has only happened seven other times since 1980.Although notable outliers are present, historically, this has been a strong signal for markets. In fact, the S&P 500 never posted a loss six- and twelve-months after.Two macro things to watch this week would be Treasuries and the US Dollar. TNX completed a bearish triangle on Friday and the US Dollar is exhaling; each now tests key support levels.


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