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

Michael Pitre Author is a PRO memberHas Had Over 50 Followers Rank: 17 Followers: 66 Votes: 106 Years Member: 12 Last Update: 12 December 2017, 9:48 Categories: Market Timing
Trend Analysis
Swing Trading

Stock Market Analysis and Timing

October 29....The world markets by and large are in sync and moving higher, money flow continues
to be positive, earnings are doing well, interest rates are still low, the Fed is still accommodative,
the economy is growing, unemployment is low, the business cycle is strong, tax reform is a likely
near-term outcome....all indicate there is an excellent chance for higher prices now and longer
term.

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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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