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Thread: Moving Indices

  1. #1

    Default Moving Indices

    Noteworthy today, both the indices representing the C and S-fund are trading above a rising trend line formed by peaks earlier in the year.

    C-Fund

    112719c.jpg


    S-Fund

    112719s.jpg
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  3. #2

    Default Re: Moving Indices

    Interesting... These holiday-like trading days can be irrational (although predictable) because traders (and bears - who are usually traders) don't tend to trade those days. It's mostly scheduled one-way retirement contributions getting added.

    That's why we see so many pre/post holiday reversals.

    Just one theory.
    Tom
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    I am not a Registered Investment Advisor. Do your own due diligence.

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  5. #3

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    Default Re: Moving Indices

    SPX % stocks above 200 DMA is at 51%, but possible bearish divergence lingers.

    Signals can be derived from overbought/oversold levels, crosses above/below 50% and bullish/bearish divergences.
    https://school.stockcharts.com/doku....rcent_above_ma

    spx200r.JPG

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  7. #4

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    Default Re: Moving Indices

    RE: 200 DMA. A post from a month ago when we had less than 50% S&P 500 stocks over 200 DMA. Today we're at around 52%.

    David Keller, CMT @ Stockcharts

    If we breakout to the upside, the upswing would likely continue and produce a higher low. A break above 3240 or maybe 3250 would confirm a higher high, and chances are this indicator would go back above 50% and suggest that the S&P most likely returns to previous all-time highs around 3400.

    I’m looking very closely at whether or not this indicator goes back above 50%. If you’re bullish and are expecting further upside, I would certainly be looking for that break above 50% and subsequently remainingabove 50% as giving fuel to that bullish argument.
    https://www.seeitmarket.com/key-stoc...t-bullish-yet/

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  9. #5

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    Default Re: Moving Indices

    Nasdaq now around 20% above it's 200 DMA.

    In February it was somewhere around 15-17%.

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  11. #6

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    Default Re: Moving Indices

    SPX only has around 34% of stocks above 50DMA. In 2019, turns came when they hit just a bit lower while in an uptrend.

    50dma.JPG

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SPY (C Fund) (delayed)
Moving Indices
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