RSI of % SPX Stock Above 50D MA at 15.65 !Only 4 time we have had such low signal or lower reading !!!
Short Term Out-Look for Stock WeaknessThe number of stocks below their 50-day moving average are nearing the 3.618 % Fib-Extension, which does not mean it cannot reach even the 4.618 % level. Most likely to my experiance, stocks will recover short term after todays "witches" have finished their "rituals".
I expect intraday to become ug
S&P 500 Has Potential For Massive Buying OpportunityIn this video, I cover the SP 500 stocks over their 50-day moving average. We are never had previous highs and have potentially formed a double-top higher high after some climatic activity. If this is a rollover a measured move of the first leg brings us into 3% territory.
With rate hikes upon us,
Divergence in S&P 500 may signal incoming correctionIndices have been hitting all time highs but the number of stocks trading above their 50MA has fallen. I believe we may finally be looking at a correction. As we get into the next quarter earnings season, it will be whether stocks can continue to exceed expectations and keep the market excited about
Is the correction over?The % of stocks above their 50-day MAs is signaling that an upward rally is near.
Not only it already went below 10% but now is showing a bullish divergence with the $SPX.
A good confirmation for a changing mid-term trend, not only would be that the CBOE:SPX gets back above its 50-day MA but als
Short term bounce may be just around the cornerHere come MA200. Strong support for SPY @ ~420.
The -10% level below water mark (HH) is 412.
Is a market of stocks, not a stock market?You can argue that there are several stocks that are working.
I profited on two stocks this month but weren't big profits.
Some say that is still a bear market, others that is already a bull market as the NASDAQ:IXIC already rallied 20% from its low.
I will just say that is an unhealthy market.
SP500 50 day moving average topsSP500 50 day moving average tops coincide with tops in SPX.
LEvels for tops marked.
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S&P 500 SPX SPY ES1! Breadth (S5FI) & (S5TH) - Updated 011623Looking at the latest S&P 500 SPX (SPY ES1!) "Breadth" data , including Stocks Above 50-Day Moving Average (S5FI) & Stocks Above 200-Day Moving Average" (S5TH) — this is yet another indicator that we have been tracking since the start of the market downturn (correction/bear market) in late 21' / ear
% Stocks over 50 DMAEvery prior time this indicator has hit 91%+, the market began a new descent.
JPOW's comments signaled a dovish Fed with a pivot incoming.
Will the 50DMA bear sign still hold that trend as a signal to sell?
Perhaps not, zooming out to prior instances of the stocks over the 50DMA we can see it nev
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Displays a symbol's price movements over previous years to identify recurring trends.