Is the marketplace trending up, trending down, or running inwards a range? That's a enquiry that is relevant across multiple fourth dimension frames. In recent posts, I've emphasized intraday measures of trending, such equally NYSE TICK, Market Delta, in addition to TICKI, which capture short-term sentiment. But how close tendency measures at longer fourth dimension frames?
In my morning time Twitter posts (follow here), I rail several measures of marketplace momentum in addition to forcefulness that tin illuminate short- to intermediate-term trending. These include the reveal of stocks making 20-day highs vs. lows across the NYSE, NASDAQ, in addition to ASE; the Demand/Supply Index of the reveal of stocks closing to a higher house vs. below the volatility envelopes surrounding their moving averages; the reveal of stocks inwards my handbasket closing inwards uptrends, neutral, in addition to downtrends; in addition to the reveal of listed stocks trading to a higher house their 20-day moving averages.
Here's my postal service for this morning:
If y'all compare the entry to yesterday's entry, y'all tin run into weakening solar daytime over day. You tin likewise run into from the to a higher house that we've moved from a largely neutral trending fashion to a downtrend. These figures tin render a solar daytime over solar daytime perspective that helps traders frame larger timeframe ideas.
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