PAIR:
MACD
Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the fast moving average crosses
above or below the slow moving average.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the market just put in a 45 bar new high here. Look for more new highs.
ADX
Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is rising.
Additional Analysis: The long term trend, based on a 45 bar moving average, is up. Further, a rising ADX indicates that the current trend is healthy and
should remain intact. Look for the current uptrend to continue.
Mov Avg Weighted
Conventional Interpretation: Price is above the moving average so the market trend is up.
RSI
Conventional Interpretation: RSI has issued a bearish signal (RSI is at 70.76). When RSI crosses above the overbought line (currently set at 70.00) a sell signal is issued.
Additional Analysis: RSI is in overbought territory (RSI is at 70.76). However, the market may continue to become more overbought before a top is established, particularly given the 45 bar new high here. Look for a downturn in RSI before taking any bearish positions based on this indicator.
Stochastic - Fast
Conventional Interpretation: The K line crossed above the D line; this indicates a buy signal. The stochastic is in overbought territory (K line is at 88.65); this indicates a possible market drop is coming.
Additional Analysis: The long term trend is UP. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.
Stochastic - Slow
Conventional Interpretation: The K line crossed above the D line; this indicates a buy signal. The stochastic is in overbought territory (K line is at 86.28); this indicates a possible market drop is coming.
Additional Analysis: The long term trend is UP. The short term trend is UP. Even though the stochastic is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The stochastic indicator is only good at picking tops in a Bear Market (in which we are not). Exit long position only if some other indicator tells you to.
Bollinger Bands
Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.
Additional Analysis: The market appears overbought, but may continue to become more overbought before reversing. Given that we closed at a 45 bar new high, the chance for further bullish momentum is greatly increased. Look for some price weakness before taking any bearish positions based on this indicator.
Money Flow
Conventional Interpretation: Money Flow issues a signal when a new period high or low is reached in the market which is not confirmed by a similar new high in
the Money Flow Index. The market reached a 9 bar new high here. However, the move was accompanied by a similar new high in money flow. Therefore no
signal is generated here.
Volume
Conventional Interpretation: The current new high is accompanied by increasing volume, suggesting a continuation to further new highs.
Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is UP.The current new high is accompanied by increasing volume, suggesting a continuation to further new highs. However, be careful to avoid buying in an overbought market. RSI or MACD may be helpful here.
Accum Distribution
Conventional Interpretation: Accumulation Distribution attempts to identify the beginning of a Bull or Bear market move by looking at divergences between Acc-Dis
and the underlying market. A major divergence occurs when the market reaches a 45 bar high or low without a similar move in Accumulation Distribution. No divergence
currently exists.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 5 bar moving average, is UP. A 45 bar new high here was confirmed by a similar new high for Acc-Dis. Since no divergence exists, Acc-Dis is neutral. The current trend should remain intact.
Percent R
Conventional Interpretation: %R is in overbought territory (%R is at 86.74; this indicates a possible market drop is coming.
Additional Analysis: The long term trend is UP. The short term trend is UP. Even though %R is signaling that the market is overbought, don't be fooled looking for a top here because of this indicator. The %R indicator is only good at picking tops in a Bear Market (in which we are not). Exit long positions only when some other indicator tells you to.
Momentum
Conventional Interpretation: Momentum (4.69) is above zero, indicating an overbought market.
Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market. However the market may continue to become more overbought. Given the 45 bar new high here this is even likely. Look for some evidenced weakness before getting too bearish here.
Williams Acc-Dis
Conventional Interpretation: Signals are generated by examining divergences between Williams' Accumulation - Distribution and the underlying market. A new high in the market which is not accompanied by a similar new high in the indicator is considered bearish. Similarly, it is bullish when the market has reached a new low without a new low in the indicator. The market has reached a 45 bar new high here which has been confirmed by a similar high in Williams' A/D. No signal is generated here. The market has reached a 9 bar new high here which has been confirmed by a similar high in Williams A/D. No signal is generated here.
Chaikin Oscillator
Conventional Interpretation: The Chaikin Oscillator generates a signal when the underlying asset reaches a new high or new low which is unconfirmed by a similar new high or new low in the oscillator. The market has reached a 9 bar new high which is unconfirmed by a similar high in the oscillator. This is generally bearish. However, the current trend is up. Since the Chaikin oscillator only generates signals in the direction of the current trend, no signal is generated here.
Expert Analyst
Long Term Outlook: The major trend is up. A rising ADX value suggests a continuation in the current trend. Most Moving Average studies, and Bollinger Bands are bullish for the long term, suggesting higher levels ahead. However, a short term pullback is possible here as the upper Bollinger Band is tested, and the market encounters some resistance.
Short Term Outlook: The market is in a short term uptrend. Most Moving Average studies, and Bollinger Bands are bullish for the short term, suggesting higher levels ahead. However, a short term pullback is possible here as the upper Bollinger Band is tested, and the market encounters some resistance.
ThomasDeMark Expert
TD REI = 2.09 and falling. TD Channel II high = 14.8030, low = 13.2046.
Sequential Setup is at 9 up. The minimum conditions for a valid 'Nine Count' Setup Up have been satisfied. Expect the market to stabilize or to produce a short term reversal to the down side. However, unless the market is in a blow off phase or the larger trend is down, this pullback should be temporary and the advance should resume
later. REI is declining but has not yet reached an oversold condition. Expect the trend to continue. The Close of this bar has exceeded the upper channel boundary. Once the market retreats back inside the upper band, expect prices to move down toward the lower channel.
Note: When the Close of a bar is beyond the upper channel, the market can be in a run-away phase and price action can accelerate in the same direction. Use caution and wait for the Close to be within the channel to confirm a top. Also, consult the other indicators and the Special Conditions Report for confirming evidence of a possible top.
**** Special Condition Report ****
The relative position of all the indicators suggests a significant top is forming. Look for bearish price action within the next two bars to confirm this analysis.
LarryWilliams Expert
This fifty bar high is an area were most funds will be buying. This again can cause an imbalance in the market where a pull back over the next few bars is likely. |
