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

Michael Pitre Author is a PRO memberHas Had Over 50 Followers Rank: 17 Followers: 67 Votes: 114 Years Member: 12 Last Update: 13 October 2017, 12:09 Categories: Market Timing
Trend Analysis
Swing Trading

Stock Market Analysis and Timing

October 9. The market is very strong with the Advance/Decline Line very strong. Sentiment is bearish right now as there are to many bullish investors. This advance is also seeing a decline in volumes just recently which implies that institutions are not chasing the market. So retail investors are buying the market which also implies that the potential upside is limited. I remain bullish but not complacent in the near term with buy signals in place.

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

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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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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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This chart tracks the market breadth of key areas of the market...It smooths out the short term ups and downs by using a 4 day moving average.

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