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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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To: rimshot who wrote (1240)3/8/2023 9:14:30 AM
From: rimshot3 Recommendations  Read Replies (2) of 1309
 
*** Alert: from the Ignore at your Peril camp of data interpretation ***

source of data for each item is SC

Tuesday's March 7, 2023 final end of day negative breadth thrust values for six indices

( or exchange in the case of the NYSE all-stocks data set )

compared to the February 21, 2023 large value print in 2023 for
a daily negative breadth thrust as follows:

$OEX - S&P 100 index - daily print of negative 94, which sits below the Feb. 21 negative print and
only slightly above the largest negative print seen in January 2023

$SPX - S&P 500 index - daily print of negative 439, which sits below the the Feb. 21 negative print of 428,
and represents the largest negative value by a downward breadth thrust during 2023

the S&P Small Cap daily print seen on March 6 sits very slightly below the Feb. 21 negative print, and
the March 7 negative print sits substantially above the March 6 value

the S&P Mid Cap daily print seen on March 6 and March 7 sits substantially above the Feb. 21 negative print

the Nasdaq 100 index daily print sits 10 above the Feb. 21 negative print for the downward breadth thrust value

the NYSE daily print on March 7 ( conformed to the WSJ stat by charting services )
sits substantially above the Feb. 21 downward breadth thrust value,
though this value is the second most negative daily print seen in 2023

* for the NYSE All-Issues data set, February 21, 2023 was the most negative
daily net Advance-Decline print so far in 2023 ...
at negative 2,337 on Feb. 21 vs. negative 1,297 on Feb. 24

article with wide circulation during the recent 150 minutes this morning is cut and pasted below -

The US housing market is in recession - and the pandemic has created a unique economic headache, elite strategist from Charles Schwab, Liz Ann Sonders, says markets.businessinsider.com Sonders warned inflation could remain threat for years, & recommended stocks that can weather rising prices, recession








markets.businessinsider.com
Markets Insider: Stock Market News, Realtime Quotes and Charts
A stock market site by Business Insider with real-time data, custom charts and breaking news. Get the latest on stocks, commodities, currencies,
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