Info!! Tracking Marketplace Describe Together With Weakness Amongst Bollinger Bands

I've been playing closed to alongside the StockCharts website in addition to and thus far convey been favorably impressed.  The site does a specially expert labor of enabling users to practise custom stock screenings.  There is also real regular in addition to useful marketplace commentary.

One indicator I'm tracking is the lay out of NYSE stocks closing each twenty-four hours higher upwards their upper Bollinger Bands (red line) in addition to below their lower Bands (green line).  Those information from the past times calendar month are charted above, equally of yesterday's closed vs. SPY.

I to a greater extent than oft than non similar to convey a few novel things to rail at all times, alongside the frank recognition that the bulk of technical tools volition supply petty or no value higher upwards in addition to beyond a consideration of past times toll action.  The Bollinger mensurate strikes me equally a tool alongside potential inwards identifying thrusts from breakouts that powerfulness hold out probable to proceed in addition to also to position turning points when fresh toll highs or lows are accompanied past times divergences inwards the Bollinger numbers.

You tin terminate see, for instance, that--despite recent toll forcefulness inwards SPY--fewer shares convey been closing higher upwards their upper Bands in addition to the lay out closing below their lower Bands has percolated higher.  I'll hold out watching over fourth dimension to encounter if in that location is predictive value inwards such patterns.

Further Reading:  The Psychology of Quant Analysis
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