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$nymo and $namo,  getting down

Posted by elliotw on 28th of Oct 2020 at 06:06 pm

$nymo and $namo,  getting down to low levels. $nymo 2 days under BB. 

Your welcome  Thanks for the newsletter

PMOBuyAll indiactor still working lower

Posted by elliotw on 27th of Oct 2020 at 06:21 pm

PMOBuyAll indiactor still working lower on a sell signal

$Nymo below bottom BB by

Posted by elliotw on 27th of Oct 2020 at 06:20 pm

$Nymo below bottom BB by a tad. But isnt oversold yet. $Namo is slightly above its bottom BB

$cpc, highest level since May

Posted by elliotw on 26th of Oct 2020 at 07:34 pm

$cpc, highest level since May 2020

PMO AllMarketBuy gave a sell today.

Posted by elliotw on 26th of Oct 2020 at 05:53 pm

PMO AllMarketBuy

gave a sell today.  Normally small and mid caps roll over into sell signals first. This time large caps have given pmo sells while the small and mid caps are rolling over but not crossed their signal lines down yet

$namo closed below bottom BB

Posted by elliotw on 8th of Sep 2020 at 07:44 pm

$namo closed below bottom BB for the 1st day. see if nasdaq can close lower tomorrow to provide a $namo 2 closes below its BB. $Nymo hasnt closed below its bottom BB as of Tuesday

Hi Zoned, it is recycled on the daily spx.   The weekly qqq are nearing the 13 sell.  This is not a short signal. It is just an other factor to take into account like bearish technical and breadth divergences.  ie to be on the look out for a trend change and to tighten up stops.  SMH had a weekly 13 sell the week prior to the Feb/March dump.

  The qqq may pull back or may go sidesways for a while, as $$ rotate into other sectors like the Dow, XLF, RuT, Spx

The CC video you mentioned mentioned a recycled daily 13 in Nov 13. He didn't show month 4 when the market crashed in Feb 2020.

"In the know trader" utubes videos every Tuesday give a better view of TDMS.  It is also in TOS, but TOS has errors in its coding.

TDMS, the Tom Demark Seq

Posted by elliotw on 30th of Aug 2020 at 02:16 am

TDMS, the Tom Demark Seq system will print a weekly aggressive 13 sell on the qqq at the end of next week and a 9 weekly sell on the spx   May create a pause in the market or pull back. with the current divergences and very extended market wouldn't be surprised if the weekly 13 sell on the qqq plays out for a pull back

qqq and spx charts attached

Posted by elliotw on 30th of Aug 2020 at 02:12 am

qqq and spx charts attached

qqq and spx way extended

Posted by elliotw on 30th of Aug 2020 at 02:11 am

qqq and spx way extended over moving averages as seen below

Skew, Also note 50 sma

Posted by elliotw on 23rd of Aug 2020 at 12:14 am

Skew, Also note 50 sma value in Sept 2018. Indicates large funds are hedging risk by buying deep out of the money puts

Skew Index 50sma is getting

Posted by elliotw on 23rd of Aug 2020 at 12:11 am

Skew Index 50sma is getting elevated with a large increase in the daily value on Friday.

The attached graph is from TOS. Note the height of the Skew 50 sma  in Feb and June 2020

Skew Definition:

SKEWis the ticker symbolfor the CBOE Skew Index, a measure of the perceived tail riskof the distribution of S&P 500 investment returnsover a 30-day horizon. [1] The index values are calculated and published by the Chicago Board Options Exchange(CBOE) based on current S&P 500 optionsmarket data.

SKEW is similar to the VIXindex, but instead of measuring implied volatilitybased on a normal distribution, it measures an implied risk of future returns realizing outlierbehavior. The index model defines such an outlier as two or more standard deviationsbelow the mean, which would characterize a black swanevent or market crash. [2] The index value typically reflects trading activity of portfolio managers hedging tail risk with options, to protect portfolios from a large, sudden decline in the market. [3] A SKEW value of 100 indicates the options market perceives a low risk of outlier returns; values increasing above 100 reflect an increased perception of risk for future outlier event(s).

The $nymo is based on

Posted by elliotw on 22nd of Aug 2020 at 09:14 pm

The $nymo is based on the $NYA nyse, which is declining like the rut and small caps.   If the nymo below the botton BB is indicating a pop in the market, then its possible maybe the small caps, Rut and nyse have a quick rally taking the SPX and qqq even higher as you indicated as of May 2020 . At least for a day or two. 

PMO All Market Buy  gave

Posted by elliotw on 21st of Aug 2020 at 06:51 pm

PMO All Market Buy  gave a sell signal on Thursday. It may turn back up and be a false signal if SPX can break to new highs next week

The "PMO All market Buy

Posted by elliotw on 21st of Aug 2020 at 04:24 am

The "PMO All market Buy Signal" went on a sell signal today. Small caps are rolling over giving PMO sells, The $SPX pmo is kissing its signal line. 

Matt did some stats on it a while back, after 2 to 3 closes below the BB, there is a high probability of a rise, at least for a day or two.   The $nymo is decreasing as the $NYA is declining like the small caps

$Nymo 1st day beneath bottom

Posted by elliotw on 19th of Aug 2020 at 06:46 pm

$Nymo 1st day beneath bottom BB

Interesting chart

Thanks Matt,

these are excellent!!

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