To: rimshot who wrote (1049) | 11/6/2022 1:29:36 PM | From: rimshot | | | Peter Brandt quote today -- " To those of you that say charts don't work, I will tell you, you're absolutely right. Price charts fail much more often than they're correct. And price charts, in my opinion, do not provide a great tool for price forecasting. "
- Peter Brandt -- November 6, 2022 |
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To: rimshot who wrote (1046) | 11/7/2022 7:06:37 AM | From: rimshot | | | NYSE end of day WSJ Market Diary stats - Friday November 4, 2022:
NYSE -----------Latest Close ---Previous Close -----Week Ago
Issues traded | 3,293 | 3,330 | 3,320 | Advances | 2,250 | 1,297 | 2,420 | Declines | 915 | 1,889 | 759 | Unchanged | 128 | 144 | 141 | New highs | 85 | 52 | 89 | New lows | 217 | 264 | 113 | Adv. volume* | 818,653,877 | 431,111,275 | 650,403,522 | Decl. volume* | 256,017,306 | 506,823,298 | 233,909,055 | Total volume* | 1,079,098,430 | 945,992,189 | 904,944,685 | Closing Arms (TRIN)† | 0.86 | 0.74 | 1.37 | Block trades* | 5,755 | 5,020 | 4,586 | Adv. volume | 3,973,988,336 | 2,203,571,807 | 3,041,219,308 | Decl. volume | 1,394,902,321 | 2,359,219,552 | 1,307,854,882 | Total volume | 5,400,187,067 | 4,625,298,599 | 4,459,411,631 |
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To: rimshot who wrote (1049) | 11/7/2022 6:15:46 PM | From: rimshot | | | A-D lines for both the NYSE all-issues & the NYSE common-stock-only data sets both rest very near their 50-day SMA, with no firmly established direction vs. their 50-day SMA -- as of Monday November 7, 2022 close:
NYSE common-stock-only data set is slightly above its A-D line's 50-day SMA / 200dema large distance above NYSE all-issues is very slightly below its A-D line's 50-day SMA / 200dema large distance above
* bears need the A-D line condition to remain firmly below the 50-day SMA |
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To: rimshot who wrote (1042) | 11/8/2022 6:09:21 AM | From: rimshot | | | 3 of 6 daily cumulative net A-D lines achieve day #1 above the important 200-day EMA on Monday November 7, 2022 -
stockcharts.com
* $SPX -- $OEX -- $MID A-D lines now rest above the 200-day EMA for day #1, and bulls want to see this advance above the 200 continue for multiple days
** a developing pattern of recent rising lows and medium-term declining tops for all six indices
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a developing pattern of recent rising lows and medium-term declining tops by 1. the NYSE all-issues A-D breadth line and 2. the NYSE common-stocks-only A-D breadth line is one reliable tell in the future for whether we are seeing a bear market rally or a multi-week price action low for US equities which is likely to have upward legs with Staying Power
* future vigilance regarding what develops for these chart patterns will be important for traders who hold positions for multiple days and weeks |
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To: rimshot who wrote (1053) | 11/8/2022 7:33:56 AM | From: rimshot | | | NYSE end of day WSJ Market Diary stats - Monday November 7, 2022:
NYSE -----------Latest Close ---Previous Close -----Week Ago
Issues traded | 3,325 | 3,293 | 3,358 | Advances | 2,007 | 2,250 | 1,501 | Declines | 1,155 | 915 | 1,708 | Unchanged | 163 | 128 | 149 | New highs | 79 | 85 | 94 | New lows | 145 | 217 | 109 | Adv. volume* | 568,743,595 | 818,653,877 | 501,151,443 | Decl. volume* | 335,138,101 | 256,017,306 | 689,267,287 | Total volume* | 909,597,724 | 1,079,098,430 | 1,200,689,966 | Closing Arms (TRIN)† | 1.20 | 0.86 | 0.96 | Block trades* | 5,272 | 5,755 | 5,094 | Adv. volume | 2,547,088,912 | 3,973,988,336 | 2,275,808,570 | Decl. volume | 1,764,804,742 | 1,394,902,321 | 2,490,943,349 | Total volume | 4,341,624,918 | 5,400,187,067 | 4,820,628,439 |
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To: rimshot who wrote (1054) | 11/8/2022 10:05:12 AM | From: rimshot | | | overall technical context for the NYSE all-issues A-D line now briefly surpassing its 50-day SMA -
stockcharts.com
NYSE common-stock-only data set is slightly above its A-D line's 50-day SMA / 200dema large distance above NYSE all-issues is very slightly below its A-D line's 50-day SMA / 200dema large distance above -- as of November 7th close
* bears need the A-D line condition to remain firmly below the 50-day SMA |
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To: rimshot who wrote (1055) | 11/8/2022 6:17:59 PM | From: rimshot | | | 3 of 6 daily cumulative net A-D lines achieve day #2 above the important 200-day EMA on Tuesday November 8, 2022 -
stockcharts.com
* $SPX -- $OEX -- $MID A-D lines now rest above the 200-day EMA for day #2, and bulls want to see this advance above the 200 continue for multiple days
** a developing pattern of recent rising lows and medium-term declining tops for all six indices
==================================================================
a developing pattern of recent rising lows and medium-term declining tops by 1. the NYSE all-issues A-D breadth line and 2. the NYSE common-stocks-only A-D breadth line is one reliable tell in the future for whether we are seeing a bear market rally or a multi-week price action low for US equities which is likely to have upward legs with Staying Power
* future vigilance regarding what develops for these chart patterns will be important for traders who hold positions for multiple days and weeks |
| SPY Advance - Decline data for 2014 through 2016 | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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To: rimshot who wrote (1057) | 11/8/2022 6:26:59 PM | From: rimshot | | | overall technical context for the NYSE all-issues A-D breadth line now surpassing its 50-day SMA for day #1 on Tuesday November 8, 2022 -
stockcharts.com
NYSE common-stock-only data set is more than marginally above its A-D line's 50-day SMA / 200dema large distance above
NYSE all-issues is marginally above its A-D line's 50-day SMA / 200dema large distance above
* bears need the A-D line condition to remain firmly below the 50-day SMA |
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To: rimshot who wrote (1056) | 11/8/2022 8:24:09 PM | From: rimshot | | | NYSE end of day WSJ Market Diary stats - Tuesday November 8, 2022:
NYSE -----------Latest Close ---Previous Close -----Week Ago
Issues traded | 3,308 | 3,325 | 3,343 | Advances | 1,947 | 2,007 | 1,890 | Declines | 1,232 | 1,155 | 1,315 | Unchanged | 129 | 163 | 138 | New highs | 77 | 79 | 98 | New lows | 97 | 145 | 89 | Adv. volume* | 587,162,558 | 568,743,595 | 593,123,536 | Decl. volume* | 333,155,579 | 335,138,101 | 313,527,195 | Total volume* | 935,806,546 | 909,597,724 | 928,097,637 | Closing Arms (TRIN)† | 0.90 | 1.20 | 0.71 | Block trades* | 5,030 | 5,272 | 5,019 | Adv. volume | 2,888,765,000 | 2,547,088,912 | 2,924,664,388 | Decl. volume | 1,642,621,011 | 1,764,804,742 | 1,449,831,644 | Total volume | 4,607,647,058 | 4,341,624,918 | 4,481,211,838 |
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To: rimshot who wrote (1059) | 11/8/2022 8:36:42 PM | From: rimshot | | | 10-day smoothing of the S&P 500 New Highs minus New Lows Differential -
stockcharts.com
* bulls are OK while the Differential remains above the zero line, though the smoothing operation reduces the magnitude & visual timeliness of major downward reversals when they first develop |
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