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   Strategies & Market TrendsSPY Advance - Decline data for 2014 through 2016


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To: rimshot who wrote (1014)6/12/2022 11:39:04 PM
From: rimshot
   of 1118
 
here is a zoomed-in version showing the
daily NYSE all-issues version of the McClellan Oscillator
for future comparison to its extremely Over Sold
low values which were printed in July 2021 -- December 2021 -- January 2022

stockcharts.com

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To: rimshot who wrote (1015)6/13/2022 11:57:33 AM
From: rimshot
   of 1118
 
at the Friday June 10 and Monday June 13 updates, McClellan Oscillators for $NDX, $SPX and $OEX
may possibly rest at absolute value levels and in addition with favorable comparisons
to recent McO lows ...

which could lead institutions / fund families to be less negative about the very near-term price action ...

the two-day combo setup by the McO will be the key ingredient to whether significant buying action
takes place, imo ...

* three days or four days including last Friday as the combo McO evaluation setup
may be needed for decisive actions to take place, though this is rarely what actually occurs since 2002
( one day or two-day McO evaluation setup is the historic norm for decisive action to occur )

no time to say more, though I have provided brief explanations over the months here of what to watch with this topic

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To: rimshot who wrote (1014)6/13/2022 1:46:29 PM
From: rimshot
   of 1118
 
McSum's for these four indices are worth vigilance in coming days, since
zero line violation is either going to be a brief event OR a lasting event -

stockcharts.com

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To: rimshot who wrote (888)6/13/2022 8:20:03 PM
From: rimshot
   of 1118
 
briefing.com June 13, 2022 closing Market Snapshot -

Dow 30516.74 -876.05 (-2.79%)
Nasdaq 10809.22 -530.80 (-4.68%)
SP 500 3749.63 -151.23 (-3.88%)





NYSE Adv 182 Dec 3166 Vol 1.2 bln
Nasdaq Adv 583 Dec 4238 Vol 5.8 bln

Industry Watch

Strong:
-- None

Weak: Energy, Consumer Discretionary, Real Estate, Information Technology, Materials, Utilities, Communication Services

Moving the Market

-- General growth concerns

-- Treasury note yield curve flattening on rate-hike worries

-- Cryptocurrency market taking a big hit after Celsius freezes asset withdrawals and transfers

-- Downside leadership from mega caps


Closing Summary
13-Jun-22 16:25 ET

Dow -876.05 at 30516.74, Nasdaq -530.80 at 10809.22, S&P -151.23 at 3749.63
[BRIEFING.COM] Last week ended on a bad note, and the new week started on an even worse note. There were myriad concerns in today's trading mix that drove the Dow, Nasdaq, and S&P 500 to new 52-week lows and the S&P 500 back into bear market territory.

The troubling writing was on the wall for both the Treasury market and the stock market. The former got clobbered on rate-hike concerns while the latter got clobbered on a combination of rate-hike concerns and growth concerns.

By and large, both markets got knocked out today with repeated jabs of selling interest.

The 2-yr note yield settled the day up 23 basis points at 3.27%, and then climbed as high as 3.43% following the close of the cash session when The Wall Street Journal reported that the Fed is apt to consider a 75-basis point rate hike at this week's FOMC meeting given the bad inflation report seen last Friday. Similarly, the 10-yr note yield settled the day up 21 basis points at 3.37%, and also went to 3.43% following the close of the cash session.

There had already been concerns about the Fed taking a more aggressive rate-hike path, yet the timing of the article, and the source, lent some credence to the idea that the Fed could possibly "surprise" the market this week. That's not a given, but it is intended to explain why there was some knee-jerk selling interest late in the day following the report.

Stocks had already been struggling with the jump in yields, but they cascaded to new session lows, or close to session lows, in the final hour in a move that coincided with the extra spike in Treasury yields following the report.

It was a fitting end to a day where most stocks were treated like punching bags. The body blows came early, and were firing on the following influences:

  • Worries about the Fed taking a more aggressive rate-hike path to fight inflation.
  • Reports of renewed lockdowns/shutdowns in Shanghai and Beijing due to the detection of new COVID cases.
  • A lack of confidence in valuations given that forward earnings estimates have yet to be cut in any meaningful way despite expectations for much slower growth and/or a recession in coming months.
  • Massive losses for cryptocurrencies coinciding with news that crypto lender Celsius has paused customer withdrawals and transfers due to "extreme market conditions."
    • As of this writing, Bitcoin was down 15.5% to $23,212.40 while Ethereum was down 17.2% to $1228.22.
  • General growth concerns tied to rising interest rates and a flattening yield curve.
  • Nervousness about forced selling due to margin calls.
The advance-decline line told the tale of a market lacking any strong buying interest.

Declining issues outpaced advancing issues by by a 16-to-1 margin at the NYSE (that spread was 23-to-1 shortly after the open) and by a 7-to-1 margin at the Nasdaq (that spread was 11-to-1 shortly after the open).

All 11 S&P 500 sectors closed with losses that ranged from 2.2% (consumer staples) to 5.1% (energy). Nine of the 11 sectors fell at least 3.0%. The Vanguard Mega-Cap Growth ETF (MGK) dropped 4.5% while the Invesco S&P 500 Equal Weight ETF (RSP) fell 4.0%. The Russell 3000 Growth Index declined 4.5% and the Russell 3000 Value Index declined 3.8%.

In sum, it was a day where nothing worked outside of some individual stocks with company-specific news catalysts, like Duke Realty (DRE 50.32, +0.54, +1.1%), which is going to be acquired by Prologis (PLD 108.35, -8.89, -7.6%) in a $26 billion all-stock deal.

Reflecting the nervous state of the market, the CBOE Volatility Index surged 23.9% to 34.39.

There was no economic data of note today. Looking ahead, market participants will receive the May NFIB Small Business Optimism Index (6:00 a.m. ET) and May Producer Price Index report (8:30 a.m. ET) on Tuesday.

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To: rimshot who wrote (998)9/18/2022 11:06:57 AM
From: rimshot
   of 1118
 
NYSE end of day WSJ Market Diary stats - Friday September 16, 2022:

* far larger NYSE Declining Volume on Friday Sept. 16 than shown in the two columns to the right

NYSE -----------Latest Close ---Previous Close -----Week Ago

Issues traded3,3603,3573,365
Advances8619372,703
Declines2,3472,281541
Unchanged152139121
New highs131836
New lows36217629
Adv. volume*680,333,547324,261,249744,189,860
Decl. volume*2,670,310,517649,003,43367,005,668
Total volume*3,384,036,581984,815,526817,884,268
Closing Arms (TRIN)†1.630.740.49
Block trades*6,2684,1403,839
Adv. volume1,443,409,0331,567,973,4423,523,453,022
Decl. volume6,414,652,6502,831,784,374347,219,253
Total volume7,954,652,4024,441,839,4143,901,945,574





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To: rimshot who wrote (1000)9/18/2022 11:09:05 AM
From: rimshot
   of 1118
 
a firmly negative condition while the NYSE cumulative net Advance-Decline breadth line
remains below its 200-day EMA ... time will tell whether it is eventually able to hold back above
the 200-day EMA

stockcharts.com

* $NYMO is not yet fully OverSold, as of Friday Sept. 16, 2022

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To: rimshot who wrote (952)9/18/2022 11:16:25 AM
From: rimshot
   of 1118
 
six of six indices now rest below their A-D line's
5% and 10% trend Moving Averages
, and four of six
rest below their important 200-day EMA -

stockcharts.com

* as of Friday Sept. 16, 2022 only $SPX and $OEX remain slightly above
their A-D line's 200-day EMA, for the nine major US indices for which
StockCharts provides A-D lines

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To: rimshot who wrote (1021)9/28/2022 2:05:30 PM
From: rimshot
   of 1118
 
S&P 500 daily cumulative net Advance-Decline breadth line
has printed 3 consecutive daily closes below the
daily 50,2 lower Bollinger Band, which is a firmly bearish
condition for both breadth & for future SPY price action only
while the condition continues -

* 3 consecutive days below the daily LBB, as of Tuesday September 27, 2022

stockcharts.com

S&P 500 A-D line chart # 2 showing a zoom view -

stockcharts.com

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To: rimshot who wrote (1022)9/28/2022 5:32:59 PM
From: rimshot
   of 1118
 
Wednesday Sept. 28 = day #1 the S&P 500 A-D line now rests
back above its 50,2 LBB by a margin of 00.07%


* will the advance above the LBB continue for multiple days / weeks?
... we need to get past the October 4th close to see what reliably occurs
for this metric going forward

Message #1022 from rimshot at 9/28/2022 2:05:30 PM

S&P 500 daily cumulative net Advance-Decline breadth line
has printed 3 consecutive daily closes below the
daily 50,2 lower Bollinger Band, which is a firmly bearish
condition for both breadth & for future SPY price action only
while the condition continues -

* 3 consecutive days below the daily LBB, as of Tuesday September 27, 2022

stockcharts.com

S&P 500 A-D line chart # 2 showing a zoom view -

stockcharts.com

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To: rimshot who wrote (1019)9/29/2022 12:00:08 PM
From: rimshot
   of 1118
 
NYSE end of day WSJ Market Diary stats - Wednesday September 28, 2022:

NYSE -----------Latest Close ---Previous Close -----Week Ago

Issues traded3,4253,4313,376
Advances2,8541,579914
Declines4381,6872,299
Unchanged133165163
New highs121522
New lows294893372
Adv. volume*941,773,788485,245,957109,274,723
Decl. volume*80,499,025493,051,220767,756,440
Total volume*1,030,534,275995,582,852885,092,644
Closing Arms (TRIN)†0.740.852.45
Block trades*5,0074,7504,483
Adv. volume4,179,014,1372,337,814,111564,143,113
Decl. volume474,459,9162,134,342,3683,469,805,368
Total volume4,684,850,0664,577,745,0224,078,337,130

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