UPDATE: The Most Significant Trendline In Equity Land = BROKEN On September 25, we presented what we termed, The Most Important Trendline In Equity Land, namely…
Tagged $^NYA
High-volume breakdowns lead to nearby bottoms — after a flush
Yesterday, the S&P 500 accomplished a rare feat. It touched a 6-month low (before recovering) on the heaviest volume day in a year on the…
Amid heavy selling, a light at the end of the tunnel
On September 26, we wrote a post titled “90% Down Volume Days Have Been Good Buy Signals…With One Catch” looking at the phenomenon of 90%…
Despite yesterday’s rally, New Lows made 52 week highs
In the midst of the moonshot stock rally yesterday, something unusual happened. The number of New Lows on the NYSE (and Nasdaq) expanded to a…
The Most Important Trendline In Equity Land: New Highs-New Lows The problem with trendlines is that they are usually subjective. Rarely are they cut-and-dry. And…
52-Week Highs Struggling To Reach 52-Week Highs The grand daddy of all breadth indicators, the NYSE advance-decline line, recently made an all-time high. This is…