***** Technical Analysis (April 14)****
Many ST indicators and a few short-intermediate term indicators have turned negative. The breadth and breadth momentum indications have been weaker than the major indices, especially the Dow.
A sustained choppy decline could be starting now or very soon. Our last rally showed some bearish divergences and was not impressive from a technical standpoint.
Below is an important indicator:
stockcharts.com[m,a]waclyyay[pc30!c20][vc60][iUd20!Ua12,26,9]&pref=G
Below are the McClellan Oscillator and Summation for Nasdaq:
stockcharts.com
Small cap and microcap energy stocks have relative strength, especially those in the oilsands sector.
Dr.Bob's commentaries are not to be construed as recommendations to buy or sell stocks, options, or ETF's as Dr.Bob is not a Registered Investment Advisor. Information and data provided here is believed to be reliable but cannot be guaranteed to be accurate.
Always do your own research and due diligence before investing or trading. Remember that Technical Analysis can change by the day, and as such, one day's TA may not be the next day's TA interpretation.
Dr.Bob's mission is to teach Technical Analysis and demonstrate a structured approach to Market Analysis, for position and swingtrading. There are many other TA structures, strategies and systems.
Dr.Bob no longer hosts Stocktimers meetings on Sunday nights at AOL. |
