Last week's indicator review institute that, spell at that topographic point was about narrowing of forcefulness amidst the indicators, at that topographic point was besides continued forcefulness inwards participation as well as buying sentiment--not something usually institute at marketplace tops. This by calendar week added to that strength, equally Demand (stocks closing inwards a higher house their short-term volatility envelopes) continued to transcend Supply (top chart) as well as the release of stocks making fresh 65-day highs expanded to a fresh bull swing tiptop (second nautical chart from top).
The NYSE Cumulative TICK besides moved to a novel high for this bull swing (second nautical chart from bottom), equally did the Advance-Decline work for NYSE mutual stocks (bottom nautical chart the forcefulness we've been seeing amidst the SPX sectors.
As long equally nosotros expire on to run across an expanding release of stocks making novel highs as well as to a greater extent than stocks trading on upticks than downticks--moving the Cumulative TICK higher--pullbacks should last relatively brusque as well as shallow. I volition last tracking many of these indicators daily earlier the marketplace opened upward via Twitter (free subscription via RSS), including Demand/Supply; novel highs/lows; as well as the tendency deportment of stocks.
One detail indicator that I volition last watching carefully is the release of stocks registering fresh 20-day lows; this oft expands ahead of meaningful stock marketplace corrections. At 274 on Friday, it is higher than levels from early on April, only good below the over 2000 fresh 20-day highs during the week.
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