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Strategies & Market Trends : General market lab and commentary -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (534)	7/13/2016 1:37:09 AM
From: Robohogs	Respond to of 668

Lol. Your part too but I was talking about this stocktwits XBI sentiment chart. I tried to do some work on this a few months back. I have not seen this extreme a move since watching. I stopped grabbing the data though. Shocking. My data indicating we could push 1-2 weeks higher after this brief pause of 2-3 days OR we are basically done. I was wanting pause. I was thinking done. I exited swing long in xbi bought pre-brexit as we lost $58 for first time today. With this chart, despite SPX clearly needing a rest as indicated by CPC AND CPCE, I think we have higher odds of pushing to $61/62 fib levels. I am using A/D as an oscillator and as mentioned it coan go both ways. I am using extremes in it and in gaps of 1+% to measure built up extremes. I got readings on the gap indicator at Brexit lows (but they can get worse) and it is calming now. Today increases tension in that indicator although returns are higher from this position than yesterday's. The A/D stuff as pure oscillator is at first target but can extend to 70 from 62. Additionally extreme A or D readings got to levels associated with recent tops excluding the last one. 2x we turned down hard and once we re-energized. It is calming now with new high as readings come down - sign of re-energizing.

To: The Ox who wrote (534)	7/16/2016 12:27:12 AM
From: Robohogs	Respond to of 668

If you haven't yet, check out the new Adv Dec sheet. Weird day Friday. Gainers out of 40 - clearly buying focused on mid and small caps Large Caps 27 Mid Caps 34 Small Caps 33 Down volume Large Caps 23.2 million Mid Caps 2.3 million Small Caps 4.5 million So intensity clearly with mid caps. Large caps trade more volume anyway and ARMS indicates balanced trading right at 1.00. ARMS Large .97 Mid .35 Small 2.63 So the mid caps had a volume thrust that was extreme to the upside vs. downside while the small caps had severely more selling in the losers. Meanwhile tails in the daily distribution were slightly shifted with mean outperforming in large caps, but in mid caps it was extreme with mean 1.4x median meaning the leaders really outperformed. Small caps were balanced. But the SI group really underperformed relatively. FBT by the way looks like the mid caps but without the performance (worst performer in indexes). XBI looks like the small caps extreme mean vs. median and tiny ARMS. IBB was perfectly balanced in ARMS but its average performance matches XBI so it would appear indexed small and mid caps led the day. IBB if you remove the extreme weighting at the top, is really a small/mid cap blend. With the weightings it is pure large cap with a hint of other things. FBT is a large/mid cap blend and its underperformance is a bit strange, but it does have some non-pure bio stocks. Jon