Here are updated charts for what we might call the breadth of market strength and weakness. (Raw data from the excellent Stock Charts site.) Any individual stock can give a buy or sell signal according to rules from a technical trading system. The top chart reflects Wilder’s Parabolic Stop-and-Reverse (SAR) system; the middle chart tracks a system based on Bollinger […]
TraderFeed: A Different Way of Tracking Stock Market Strength With Technical Indicators
A Different Way of Tracking Stock Market Strength With Technical IndicatorsSuppose we think of technical indicators as measures of strength and weakness, with each giving buy and sell signals based upon different time frames and definitions of strength. One way to assess the overall strength of the stock market […]
I’ve received quite a few questions from traders about stocks and whether we’re putting in a bottom here. The question is understandable. If you look at a chart of the NYSE Composite Index ($NYA), for instance, you’ll see that we’ve bounced off a support area. Too, you can see from the number of fresh three-month highs minus […]
