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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (15284)1/14/2021 1:16:44 PM
From: Lou Weed1 Recommendation

Recommended By
rimshot

  Respond to of 97962
 
I read earlier that Biden's giving a presser this afternoon to announce updates on a vax plan and stimulus checks. Wonder if this gives the markets a pop even though it really seems like it's baked in at this point?



To: rimshot who wrote (15284)1/14/2021 1:43:16 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

  Respond to of 97962
 
$SPX under performing the $NYA price action for multiple months -- the cause appears to be related to this fact:

the percentage of S&P 500 stocks above their 20-day EMA is steadily under performing the percentage
of NYSE stocks above their 20-day EMA since mid-November 2020:

* scroll to the bottom of this daily chart to see the ratio plot for the two percentages

stockcharts.com

in broad terms viewing all the chart elements, the overall setup in recent days/week is indicating the potential for at least a mild potential bearish outcome in the near future for the US equity market ....unless the chart statistics actually improve to the upside in the coming weeks