The 200 day simple moving average (200 DSMA) has been discussed frequently in the last few weeks, and many writers have most likely lost considerable sleep preparing arguments on the patterns of future price momentum related to the 200 DSMA.  In this post let’s look at another relationship; the change in the 200 DSMA [...]
The Joe SixPacks of the investment world have been re-entering the market since March 9th. This was after they initiated a pretty sizable outflow of mutual funds during January and February.  However, the Joes may be slowing their rate of equity inflow for some reason.
The charts below provide this year’s data. The data source [...]
The market action and technical signals that we have seen within the last 3-7 trading days is reminiscent of Marlon Brando’s quote as Colonel Kurtz in Apocalypse Now:
I watched a snail crawl along the edge of a straight razor. That’s my dream. It’s my nightmare. Crawling, slipping along the edge of a straight razor and [...]
As hard as it is to believe, with the fundamentals totally blown, the major index ETFs have an increased probability of moving to the upside. The charts below characterize the macro TA, with moving VWAPs, 3DSMAs (red), 5DSMAs (green), 10DSMAs (blue), momentum, ACC/DIST, and the McCullough Z oscillator. The 3/5 crossovers indicate that the strong short bias [...]
