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

Michael Pitre Has Had Over 50 Followers Rank: 19 Followers: 69 Votes: 77 Years Member: 11 Last Update: 27 March 2017, 14:53 Categories: Market Timing
Trend Analysis
Swing Trading

Stock Market Analysis and Timing

March 23....The market held support lines on Wednesday as shown below. Market internals are weak at this time. Part of the problem for the market has been what is going on in Washington with a lot of disagreement on the proposed changes to healthcare. The other problem has been the weakness in the financial stocks which led the market higher but has since led it lower. Rates have backed off and there remains a question on regulatory reform. It is becoming more clear that there will not be financial regulatory reform to the extent that was originally planned and promised.

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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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