Monday, January 4, 2016

Market breadth analysis, Monday 4 Jan 2016

1. A/D line is at -181, after crossing below zero a week or so ago, and heading down. The $NYSE at 10,001 seems to be at a key support level (triple bottom). No divergences. 0

2. NYSI is negative at -30.  It went negative a month ago and made a bottom around -225 about 3 weeks ago. -1
3. NYHL (EMA10) is negative at -39, and has been negative for 2 months, after making a sharp bottom at -450 at the end of August (+1) and then whipsawing into positive. No divergence (0). But still negative (-1). Net 0.
4. NYA200R (EMA20) has crossed below 50 in early July and seems to have bottomed out in early October around 23. Now it's at 32, and seems to be moving up. -1.
5. CPC (50MA) is still at 1.05, where it has been for the last 4 months. -1

Score: -3

$SPX closed at 2012 after touching the 1990 level for the second time in a month. The 1990 level has been a support that held three times a year ago, in January 2015.

The overall trend seems negative.

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