Info!! Indicator Update For December 21St

Last week's indicator review flora that nosotros stood inwards neutral territory betwixt overbought too oversold, non surprising given the recent multi-week trading range. That neutral reading has continued into the around recent week, every bit nosotros tin come across from the Cumulative Demand/Supply Index (top chart). That tells us that the set out of stocks across the NYSE, NASDAQ, too ASE closing higher upwards vs. below the volatility envelopes surrounding their moving averages has been relatively balanced.

I rely heavily on the novel 20-day highs/lows every bit a tendency stair out (middle chart), too nosotros tin come across that, overall during this hit period, novel highs convey exceeded novel lows. The exception to that was the brief selloff during the Thanksgiving period, when stocks cruel sharply on concerns over Dubai. On Friday, nosotros saw a rising inwards both 20-day novel highs too novel lows; the 820 novel lows was around the grade of novel highs. New highs volition take away to perish on to outnumber novel lows too novel lows take away to remain higher upwards that 820 grade to sustain a deed to hit highs. Conversely, if novel lows make to transcend highs too transcend that 820 level, I would await a examination of back upwards inwards the 1080 grade of the ES futures.

The advance-decline business specific to mutual stocks listed on the NYSE--a corking perspective offered past times Decision Point--shows lilliputian deterioration inwards the business too gradually rising lows since that piece of cake Nov selloff. As long every bit that continues, I perish on to await a examination of marketplace highs. Note that nosotros saw advance/decline bull marketplace highs this past times calendar week for the S&P 500 stocks too fifty-fifty the modest caps, which had been relative trace laggards recently, convey shown a rising A/D business since piece of cake November.

I volition perish on to runway novel highs/lows, Demand/Supply, too tendency measures via Twitter. You tin follow the Twitter flow on the weblog nether "Twitter Trader" (latest 5 tweets) or subscribe to the flow on my Twitter page.
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