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Market/Sector Breadth Journal: December 4, 2024 (2476 stocks)
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Market log (buy - sell ratios of signals for stocks >= 10 and ADV >= 100,000)
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_ Signals Signals Trend 10/40 MACD
_ market DJIA SPX OTC Universe SPX Score MACD Change
_---------- ------ ----- ----- -------- -------- ----- ----- ------
_Dec 4 45,014 6086 19,735 14- 86 24- 76 100 2.86 UP
_Dec 3 44,705 6050 19,480 7- 93 17- 83 100 2.80 DOWN
_Dec 2 44,782 6047 19.403 3- 97 3- 97 100 2.81
_Nov 29 44,910 6032 19,218 2- 98 1- 99 100 2.76
_Nov 27 44,722 5999 19,060 3- 97 1- 99 100 2.65
_Nov 26 44,860 6021 19,174 2- 98 1- 99 100 2.54
_Nov 25 44,736 5987 19,054 4- 96 2- 98 96 2.35
_Nov 22 44,296 5969 19,003 8- 92 8- 92 76 2.13
_Nov 21 43,870 5949 18,972 22- 78 13- 87 45 1.99 UP
_Nov 20 43,408 5917 18,966 37- 63 30- 70 -36 1.94
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_ Operative 10/40 MACD Phase Change Signals:
_ Dow Industrials Nov 21 UP 43.870
_ S&P 500 Nov 22 UP 5969
_ S&P 100 Nov 29 UP 2903
_ Nasdaq Comp Nov 29 UP 19,218
_ Nasdaq 100 Nov 29 UP 20,930
_ Semiconductor Nov 29 UP 4927
_ Networking Nov 29 DOWN 1197
_ Biotechnology Nov 22 UP 5825
_ Software Nov 27 DOWN 104
_ Internet Nov 27 DOWN 241
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_ Dec 2
_ Buy - Sell
_ Signals
_Universe 14 - 86
_S&P 500 (SPX) 24 - 76
_S&P 400 (MID) 22 - 78
_S&P 100 (OEX) 57 - 43
_Nasdaq 100 (NDX) 75 - 25
Not much new. Just back from hip replacement surgery and busy rehabbing and getting more supplies.
The FANGMAN index rose 4 percent this week so far. As they comprise almost 40% of the total stock
market cap, it supports the market for a long time as long as they buyback shares and the flow from
active mutual funds to indexed passive ETFs continues. |
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