- Both percent of stocks above 50 days MA (around 62) and 150 days MA (around 40) made comparable low in 2017, this weakness also indicate potential reversal anytime soon
- Both breadth (-184) and volume (-207) oscillators made comparable low in 2017, this weakness also indicate potential bottom formed soon.
- The PMO signal is still sell (but it does not tell if it can reverse next day or 2)
- The equity put call ratio at 0.94: 2nd highest in 2017, 11/2016 pcr high is at 0.99.
- buyers entry: 243, 242
- sellers entry: 245.5, 246.5
Nasdaq 100 ETF: QQQ
- Breadth oscillator keeps inch down into ETF potential rebound range and volume oscillator waver to turn north
- Both percent of stocks above 50 days MA and 150 days MA made new low in 2017 and comparable low with last December, both oscillators rebound a little last Friday
- buy entry: 141
- sellers entry: 143
SPDR Dow Jones Industrial Average ETF: DIA
- both breadth and volume oscillators keep moving down and made comparable low in 2017
- the buyers should hold fire or buy with caution
- no suggestion for short though
- both breadth and volume oscillators keep moving down and made comparable low in 2017
- Both percent of stocks above 50 days MA and 10 days MA made comparable low in 2017, this weakness also indicate potential reversal anytime soon
- buy entry: 136
- sell entry: 139
Thanks for sharing!👍
ReplyDelete