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

Michael Pitre Author is a PRO memberHas Had Over 50 Followers Rank: 20 Followers: 67 Votes: 79 Years Member: 11 Last Update: 28 April 2017, 21:50 Categories: Market Timing
Trend Analysis
Swing Trading

Stock Market Analysis and Timing

Saturday April 14...The market has broken key trendline and moving average support and the bank etf KBE has also, even after decent earnings from major banks on Friday. The on balance volume indicator has been very weak for a good while and this says that distribution has been going on. The market is more vulnerable to lower prices now that the key supports have been taken out.

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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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