Breadth: SPX stocks at 20-day highs: We are back to oversold, but this can stay oversold for up to 2 weeks before a big rebound. SPX stocks at 20-day lows: Nothing to see here. Not oversold. SPX stocks above their 20-day MA: No-mans land. SPX stocks above their 50-day MA: Closer to oversold than overbought,...
Breadth: None of these are very short term overbought or oversold at the moment so unhelpful to us. SPX stocks at 20-day highs: SPX stocks above their 20-day MA: SPX stocks above their 50-day MA: QQQ stocks above their 20-day MA: SPX short term technical levels: Resistance above 2737: 2747, 2754, 2763, 2775, 2780, 2794, 2799,...
Breadth: SPX stocks at 20-day highs: And there was that pop I kept saying was past due. Now market isn’t overbought or oversold on this measure. SPX stocks above their 20-day MA: The real interesting thing here is we went from oversold for a couple weeks to overbought in practically one day. There isn’t as...
Breadth: Overall there has been some relief in the breadth. There could definitely still be more relief and still be considered an oversold bounce. We knew things had gotten really overcooked, but now there has been relief so we can’t really base the next move on breadth. However, another large down move would get it...
SPY Open Interest for Mon, Wed, Friday for Week 11/19/18
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