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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (363)3/15/2021 3:54:35 PM
From: rimshot  Respond to of 1118
 
Energy stocks under perform amid lower oil prices t.co

2-hour $SPX chart with USO - Oil fund:

stockcharts.com

15-Mar-21 15:30 ET

Energy stocks under perform amid lower oil prices

Dow +40.98 at 32819.62, Nasdaq +70.45 at 13390.33, S&P +7.58 at 3950.92
[BRIEFING.COM] The S&P 500 is trading higher by 0.2%, while the Russell 2000 trades lower by 0.1%.

One last look at the S&P 500 sectors shows:

utilities (+1.1%) and real estate (+1.1%) still atop the standings with 1.1% gains,

followed by consumer discretionary (+0.7%).

The energy (-1.6%), financials (-1.1%), and materials (-0.3%) sectors under perform in negative territory.

WTI crude futures settled lower by $0.25 (-0.4%) to $65.28/barrel.








To: rimshot who wrote (363)3/20/2021 11:49:04 AM
From: rimshot  Read Replies (1) | Respond to of 1118
 
SPY 384.13 = 50-day SMA, as of Friday March 19 close, for future vigilance

SPY 21-day SMA provided precise support for the March 19 intraday low, and will this
moving average support exist during the next decline?

chart #1 - SPY daily shown below with analysis of the ROC25 moving average crossover for directional
confirmation pointing to whether or Not we now see probable future upward
OR downward Staying Power by the ROC25 and by SPY price action

stockcharts.com

chart #2 - as of the March 12 close,

the S&P 500 cumulative net Advancers minus Decliners line
resided at or very near the customary decline initiation level
as evidenced in the history visible for the A-D line's 50,2 %B
and 21,2 %B

* the March 12 count of net Advancers minus Decliners was a positive 198 count,
FYI for look-back purposes

stockcharts.com
=======================================================

SPY triple-top price formation now in play as of the March 19 close,
until proven otherwise ... sellers are consistently in control of the upper reaches of the SPY
daily price chart from February 16 through March 19, a period of net distribution,
and
further distribution evidence exists via the $OEX daily volume stick actually printing
a multi-month high during negative $OEX price action on Friday March 19:

SPY ____ to _____ - 16-hour high & low - Tuesday Feb 16, 2021

vs.

SPY _____ Thursday March 11, 2021 intraday high

vs.

SPY 396.82 Wednesday March 17, 2021 intraday high

chart #3 - $OEX is seriously lagging the SPY / $SPX for the entirety of the
$SPX March price advance,
which represents an important negative divergence until proven otherwise
by actual upward $OEX price action-

stockcharts.com

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