Info!! Indicator Update For October 19Th

Last week's indicator review institute that nosotros were seeing toll forcefulness inwards the major indexes, but signs of non-confirmations amid several indicators. This past times calendar week registered fresh toll highs, keeping most sectors inwards a bullish trending mode. Still, nosotros continued to come across non-confirmations amid the indicators. The Cumulative Demand/Supply Index (top chart) continues to register lower highs, indicating a loss of upside momentum.

We likewise are seeing fewer novel 20-day highs minus lows amid NYSE, NASDAQ, together with ASE stocks (middle chart), relative to the September levels. Similar readings are evident amid the 65-day novel high/low data. All of this suggests that participation to the upside has been to a greater extent than selective over time.

The advance/decline business information pigment a to a greater extent than mixed picture. We did register novel highs inwards the large cap indexes, including the A/D lines specific to the S&P 500 Index, the NASDAQ 100 Index, together with fifty-fifty NYSE mutual stocks. As the helpful nautical chart from Decision Point indicates (bottom), however, nosotros accept non seen similar novel highs inwards the A/D business specific to S&P 600 minor cap issues.

I proceed to stance this every bit a bull market. Note, for example, how pullbacks inwards the Cumulative DSI accept occurred at successively higher toll lows. Still, the indicators advise that nosotros may accept registered a momentum high inwards September, alongside recent toll highs coming on lower volume, lower momentum, together with reduced participation. If that is the case, I would await farther corrective activeness prior to whatsoever fresh bull leg.

I volition live on tracking marketplace momentum, trending, together with forcefulness each morn prior to the opened upwardly via Twitter. You tin follow the simply about recent 5 tweets on the weblog page nether "Twitter Trader" or you lot tin follow the stream of tweets (and subscribe gratis of accuse via RSS) past times going to my Twitter page.
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