Buy and Sell Signals, Risk Analysis, Money Flow, Breadth, Momentum

Michael Pitre Has Had Over 50 Followers Rank: 19 Followers: 69 Votes: 89 Years Member: 11 Last Update: 22 February 2017, 20:29 Categories: Market Timing
Trend Analysis
Swing Trading

Mon Feb 6, AM.....Money flow is positive right now so the market is not selling off. Let's keep a close eye on obv, the money flow index, force, and the advance decline line. All cycles are bearish now but all are projected to turn positive in February. Sentiment is still way to bullish which is contrarian bearish. Earnings so far are showing improvement over previous quarters and year over year. The internals are still positive and this should be watched closely.

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A Daily Chart of the major 'risk on' indexes.

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Sto 14 got down to the 2 level while the volume momentum oscillator at the bottom got to and extreme level...the market bounced. Looks like we are going down for
a retest of these extreme conditions. During the bull market usually the market made a substantial low after getting this oversold...but there are times where it
makes another test. This is going to tell us a lot about this market. What happens after a retest.

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Key Chart For Volume Analysis...This chart gives a good understanding of what internals look like from the up volume vs the down volume...has done well big picture

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Market Sentiment With RSI 5 For VIX...RSI 5 got oversold for VIX and Sto for VIX has turned higher.

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