The current State Of My Trusted Thrusts: Breakaway Momentum: Not
yet -- and won’t get it Monday. Currently 1.76; threshold is 1.97,
but would take 2600 net advances Monday to get there, and only 2800
stocks trade/day. But market may have a chance to generate it
mid-week if – if -- breadth remains unusually strong.
Whaley Breadth Thrust: Not yet; definitely possible. Currently
63.82%; threshold is 73.67%, but would only take 755 net advances
Monday to get there.
He is considered the king of such information.
Let me be clear, we are in a very fluid market here with
current news backdrop (many hurdles and some not apparent as yet).
For me, it's level to level and keeping an open mind due to
my age and unwillingness to put to much at risk. Develop and
follow your plan.
ES would pay attention to that green zone. A lot of late
bulls will show up here and its a very critical zone 2024VAH and
developing 2025 VAL. Find acceptance above and markets will
reach new ath. Fail and late bull punishment is waiting.
Next week is the busiest of the earnings season, with around 40%
of the SPX set to report. Major focus will be on Wednesday and
Thursday with results from META, MSFT, AMZN and AAPL
SPX implied move for next week has jumped to 149 points.
Very busy week with several mega techs reporting along with
key inflation and jobs data along with daily tariff
headlines.
I know the Zweig Breadth Thrust (ZBT) got all the attention last
week, but the fact the NYSE had six days with at least 70%
advancers over a two week period really had my attention as
well.
Posted by rmoore100 on 26th of Apr 2025 at 03:17 pm
Thanks Steve....those are some pretty convincing stats.
87.5% of the time are gains for 1 to 3 months and 100% for 6 and 12
months. Those stats look like one of Matt's RTM
system's !!!! Based on this, sure seems like the buy
the dip strategy might still be a good idea ?
Steve - you just amaze me with the way you glean through data
from different sources and put them together while filtering out
the noise. Thank you so much for your tireless effort. This is
honestly beyond technical analysis.
Weekend Newsletter
Posted by steve on 27th of Apr 2025 at 02:25 pm
Weekend Newsletter
Walter Deemer Comments on Thrusts
Posted by steve on 27th of Apr 2025 at 11:55 am
The current State Of My Trusted Thrusts: Breakaway Momentum: Not yet -- and won’t get it Monday. Currently 1.76; threshold is 1.97, but would take 2600 net advances Monday to get there, and only 2800 stocks trade/day. But market may have a chance to generate it mid-week if – if -- breadth remains unusually strong.
Whaley Breadth Thrust: Not yet; definitely possible. Currently 63.82%; threshold is 73.67%, but would only take 755 net advances Monday to get there.
He is considered the king of such information.
Let me be clear, we are in a very fluid market here with current news backdrop (many hurdles and some not apparent as yet). For me, it's level to level and keeping an open mind due to my age and unwillingness to put to much at risk. Develop and follow your plan.
Great information. Thanks Steve !!!
Posted by rmoore100 on 27th of Apr 2025 at 09:44 pm
Great information. Thanks Steve !!!
SPX Daily
Posted by steve on 27th of Apr 2025 at 11:17 am
$SPX - Chart Link - price rising and volume falling
Bessent said he had interaction
Posted by steve on 27th of Apr 2025 at 11:13 am
Bessent said he had interaction with Chinese counterpart in Washington last week, sees a path for agreement on tariff deal.
In the meantime, Shein and Temu announced significant price increases on their products due to tariffs.
Breadth/Thrust
Posted by matt on 27th of Apr 2025 at 01:26 am
$NYA - Chart Link I guess this did just barely confirm, worked from oversold to overbought within 9 days exactly
Interesting Matt… does this support
Posted by arun on 27th of Apr 2025 at 09:24 am
Interesting Matt… does this support a higher low option ?
also did you see the monthly chart SPX. feels like bottom in place.
Order Flow Trader
Posted by steve on 26th of Apr 2025 at 12:49 pm
ES would pay attention to that green zone. A lot of late bulls will show up here and its a very critical zone 2024VAH and developing 2025 VAL. Find acceptance above and markets will reach new ath. Fail and late bull punishment is waiting.
Next week is the busiest
Posted by steve on 26th of Apr 2025 at 12:42 pm
Next week is the busiest of the earnings season, with around 40% of the SPX set to report. Major focus will be on Wednesday and Thursday with results from META, MSFT, AMZN and AAPL
SPX implied move for next
Posted by steve on 27th of Apr 2025 at 11:43 am
SPX implied move for next week has jumped to 149 points. Very busy week with several mega techs reporting along with key inflation and jobs data along with daily tariff headlines.
Ryan Detrich
Posted by steve on 26th of Apr 2025 at 12:09 pm
I know the Zweig Breadth Thrust (ZBT) got all the attention last week, but the fact the NYSE had six days with at least 70% advancers over a two week period really had my attention as well.
Simply sharing some stats
Thanks Steve....those are some pretty
Posted by rmoore100 on 26th of Apr 2025 at 03:17 pm
Thanks Steve....those are some pretty convincing stats. 87.5% of the time are gains for 1 to 3 months and 100% for 6 and 12 months. Those stats look like one of Matt's RTM system's !!!! Based on this, sure seems like the buy the dip strategy might still be a good idea ?
Steve - you just amaze
Posted by arun on 26th of Apr 2025 at 09:18 pm
Steve - you just amaze me with the way you glean through data from different sources and put them together while filtering out the noise. Thank you so much for your tireless effort. This is honestly beyond technical analysis.
Haven't seen a drop like
Posted by steve101 on 25th of Apr 2025 at 04:10 pm
Haven't seen a drop like that before: https://stockcharts.com/h-sc/ui?s=CGTL&p=D&yr=0&mn=8&dy=0&id=p17753287713&a=1953016287&listNum=59
stockcharts.com
CGTL | SharpCharts | StockCharts.com
Create advanced interactive price charts for CGTL, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
oh my the mother of
Posted by steveo on 25th of Apr 2025 at 06:24 pm
oh my the mother of all failed breakouts.....
FED REPORT Financial stability report just
Posted by rbreese on 25th of Apr 2025 at 04:04 pm
FED REPORT Financial stability report just released on CNBC.
WGMI nice 50 MA next
Posted by matt on 25th of Apr 2025 at 04:01 pm
WGMI - Chart Link- been nice out of that wedge, 50 day MA next target
I got in at 13.5,
Posted by steveo on 25th of Apr 2025 at 06:26 pm
I got in at 13.5, not perfect, but nice, can set stop to prevent any likely loss
follow up on trade ideas I've put out
Posted by matt on 25th of Apr 2025 at 03:43 pm
AMLX - Chart Link-
BOIL - Chart Link-
BOIL - Chart Link-
EVLV - Chart Link-
AVL - Chart Link-
KVYO - Chart Link-
what to do on EVLV?
Posted by steveo on 25th of Apr 2025 at 06:28 pm
what to do on EVLV? Wait for pullback, or chase it up?!
CMG found bottom on soft
Posted by kingpin15 on 25th of Apr 2025 at 03:17 pm
CMG found bottom on soft eps? https://schrts.co/FmrIapBK
schrts.co
SharpCharts | StockCharts.com
avg of revised 5733. avg
Posted by te22 on 25th of Apr 2025 at 02:08 pm
avg of revised 5733. avg of all, including unrevised 6056
clowns chase their tail
Posted by kingpin15 on 25th of Apr 2025 at 02:51 pm
clowns chase their tail
I bought SDOW 55.40 after
Posted by rbreese on 25th of Apr 2025 at 01:58 pm
I bought SDOW 55.40 after NAMO update.Thanks.
$SPX ... that's a pretty
Posted by mla127 on 25th of Apr 2025 at 01:58 pm
$SPX ... that's a pretty good resistance there ...
The AAII survey demonstrates a
Posted by rbreese on 25th of Apr 2025 at 01:19 pm
NAMO and NYMO
Posted by steve on 25th of Apr 2025 at 12:56 pm
$NAMO - Chart Link
$NYMO - Chart Link
That's a big red flag
Posted by cashola on 25th of Apr 2025 at 01:46 pm
That's a big red flag short term. Add in 5 waves up.. filling that gap a bit on SPY.. I am lightening up a lot
Obviously you woke up the
Posted by profmel on 25th of Apr 2025 at 01:56 pm
Obviously you woke up the algos!
That and a few tweets
Posted by steve on 25th of Apr 2025 at 01:57 pm
That and a few tweets
JAGX
Posted by jimsim on 25th of Apr 2025 at 12:53 pm
JAGX
NYMO getting extended on the
Posted by steve on 25th of Apr 2025 at 12:52 pm
NYMO getting extended on the upside