It's interesting that the T2108 is not at new lows while SSO and QLD have hit new lows. This tells us that there are more stocks above their 40 day moving averaged now, at new lows, than there were at the last higher low. This positive divergence leads me to believe we could get a good bounce off a big down day.
Results 1 - 10 of 33 for "T2108"
There were only 6 new highs and 880 new lows in my universe of 4,000 stocks on Tuesday. The Worden T2108 indicator is at 10%. Still mainly in cash and short.
There were only 6 new highs and 880 new lows in my universe of 4,000 stocks on Tuesday. The Worden T2108 indicator is at 10%. Still mainly in cash and short.
There were only 3 new highs and 460 new lows in my universe of 4,000 stocks on Monday. Monday was the 55th day of the current QQQQ short term down-trend. Since the first day of this down-trend on September 2nd, the QQQQ (Nasdaq 100 index ETF) has declined 37.7% and 99 of the 100 Nasdaq 100 stocks have declined, 52% have declined more than 40%. Do you see the folly of...
There were only 3 new highs and 460 new lows in my universe of 4,000 stocks on Monday. Monday was the 55th day of the current QQQQ short term down-trend. Since the first day of this down-trend on September 2nd, the QQQQ (Nasdaq 100 index ETF) has declined 37.7% and 99 of the 100 Nasdaq 100 stocks have declined, 52% have declined more than 40%. Do you see the folly of fighting the primary tr...
GMI: 0; GMI-R: 0; 54th day of QQQQ short term down-trend; in cash and short
Sun, Nov 16, 10:23 PM ET
The GMI and GMI-R remain at zero. There were 5 new highs and 185 new lows in my universe of 4,000 stocks on Friday. The Worden T2108 indicator (% of NYSE stocks above their 40 day moving average) is at 11%, still in bottom territory. The QQQQ completed the 54th day of its short term down-trend on Friday. Only 68% of the NASDAQ 100 stocks have a MACD above their signa...
GMI: 0; GMI-R: 0; 54th day of QQQQ short term down-trend; in cash and short
Sun, Nov 16, 10:23 PM ET
The GMI and GMI-R remain at zero. There were 5 new highs and 185 new lows in my universe of 4,000 stocks on Friday. The Worden T2108 indicator (% of NYSE stocks above their 40 day moving average) is at 11%, still in bottom territory. The QQQQ completed the 54th day of its short term down-trend on Friday. Only 68% of the NASDAQ 100 stocks have a MACD above their signal line, down from 94% a ...
My two general market indicators remain at zero. Among the 4,000 stocks in the universe I follow, 8 touched a 52 week high and 1,090 hit a new low on Thursday. The last time we had more than 1,000 new lows was on October 24th, at the October low (1,576 lows). Whether the market can hold Thursday's lows will tell us a lot about the probable continuation of this down-tren...
My two general market indicators remain at zero. Among the 4,000 stocks in the universe I follow, 8 touched a 52 week high and 1,090 hit a new low on Thursday. The last time we had more than 1,000 new lows was on October 24th, at the October low (1,576 lows). Whether the market can hold Thursday's lows will tell us a lot about the probable continuation of this down-trend. Meanwhile, the key...
On Wednesday, there was one new high and 773 new lows in my universe of 4,000 stocks. The GMI and GMI-R remain at zero. The T2108 indicator is now back to 9%. I remain in cash and a little short.