$NYA - Chart Link- shows the Breadth Thrust -
over the last year these have occurred near highs. That said this
one was stronger than the last one - it worked from oversold to
overbought in 10 days, so 1 days shorter than the official 9
days
$SPX - Chart Link- NYMO been above it's upper
BB's, that said while short term we'll probably see a pullback any
day here as today should probably mark a 4th DAY! which is getting
extended - but overall it's not bearish, this moving outside the
bands usually starts an uptrend for a bit - short term I'd be
looking for a pullback any day but it's likely to get bought
$COMPQ - Chart Link- the difference between
highs and lows is nearing the zero area
$COMPQ - Chart Link- good illustration of the
large cap techs leading will smaller ones lag - notice the the
highs is far lower than it was at the start the February and the
QQQ is basically at the same price
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
A look at some indicators
Posted by matt on 3rd of Apr 2023 at 04:43 pm
$NYA - Chart Link- shows the Breadth Thrust - over the last year these have occurred near highs. That said this one was stronger than the last one - it worked from oversold to overbought in 10 days, so 1 days shorter than the official 9 days
$SPX - Chart Link- NYMO been above it's upper BB's, that said while short term we'll probably see a pullback any day here as today should probably mark a 4th DAY! which is getting extended - but overall it's not bearish, this moving outside the bands usually starts an uptrend for a bit - short term I'd be looking for a pullback any day but it's likely to get bought
$COMPQ - Chart Link- the difference between highs and lows is nearing the zero area
$COMPQ - Chart Link- good illustration of the large cap techs leading will smaller ones lag - notice the the highs is far lower than it was at the start the February and the QQQ is basically at the same price