The market did not get rattled by China drop

We are clearly at a extreme bullish breadth levels. Such high levels lead to corrections. Many such corrections can be sudden and vicious. But a overbought market can remain overbought fr long. In a long running bull market such overbought levels correct slowly and then the move resumes. At this stage we do not know how this move will play out. But you should be in a pullback/correction anticipation mood. Protecting profits made so far should be one of the prime objective. The market did not get rattled by China drop, which is a good sign.

A series of 300 plus negative 4% days will be negative for market.
The #of stocks up 25% in a quarter going below 200 would be bearish
So far we have not seen these things.
So breadth is showing you a good bull market currently.
Which is getting reflected in our trading.

	Market Monitor Market monitor is market breadth based market timing tool		Current Readings Market in a rally mode. Earnings season currently on

Type	Indicator	Value	Comments

Daily	# of stocks up >4% on high volume	135	No heavy selling so far. But I have sold most vulnerable positions.
Daily	# of stocks down>4% on high volume	217
Primary	# of stocks up >25% in a quarter	2049
Primary	# of stocks down>25% in a quarter	355	Approaching 200 indicates extreme bullishness
Secondary	# of stocks up> 50% in a month	9	But this one is not in extreme zone.
Secondary	# of stocks down>50% in a month	3
Secondary	# of stocks up>25% in a month	191
Secondary	# of stocks down>25% in a month	14
Primary fast	# of stocks up>13% in 34 days	2574
Primary fast	# of stocks down>13% in 34 days	591
MMA+	% of stocks in confirmed uptrend	70	This is in bearish territory.
MMA-	% of stocks in confirmed downtrend	14
10 day cumulative breadth ratio	#of stocks up> 4% in last 10 days/ #of stocks down>4% in last 10 days	2.67

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

404

Recent Articles