All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.

PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at

Register Calendar Latest Topics

  Author   Comment  

Posts: 4,560
Reply with quote  #1 
Are now up and can be reviewed by clicking here.

BETS +40: Hold Longs with Protective Bearish Stops (below market)



Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977


TW Patron++
Posts: 497
Reply with quote  #2 
Two 90% down days out of the last 3 trading days and TRIN over 3 on Tuesday. Recipe for a bounce at least on Wednesday.

All the best,

TW Member
Posts: 8,870
Reply with quote  #3 
1. September 14, 2016 represents the first daily close below the $NYA daily
50,2 lower Bollinger Band by a noticeable distance since late June.

2. the NYSE A-D breadth line continues to test an important moving average,
as shown in the chart below:

NYSE A-D line - September 14, 2016 - testing the 39dema.png 


Being honest may not get you a lot of friends, but it'll always get you the right ones. - John Lennon

Tech and Industrials lead stocks in Japan to new 26-year high - January 8, 2018 pm

The move to abandon downside hedges is like driving without a seat belt, and defies the rules of diversification.
We are partying like it's 1999 in an economy that belongs to
another century, and that boom ended poorly. Just concerned. -
- Diane Swonk January 9, 2018


TW Patron++
Posts: 497
Reply with quote  #4 
Well nice bounce in the morning that faded by the close. Somewhat strange given the context and the points I made not to mention that we should have the bullish bias of QUAD expiry on Friday. We are clearly oversold on the NYA as Hiker pointed out (the BB was not shown on his chart, but he is accurate) but the internals are testing support via the NYAD. Also the NYSI is healthily positive. 

Yet the market did not rally today as expected from these technical circles. That gets my attention. As Linda R has said, when the market does the opposite of what the technicals support, pay close attention as that is a very important message. 

For now, we will pass it on to a hiccup today. But if we don't rally decently tomorrow and into Friday, then something is rotten in the state of Denmark. Watch out.

Previous Topic | Next Topic

Quick Navigation:

Easily create a Forum Website with Website Toolbox.

Copyright 2000-2018 Technical Watch