No major follow through on selling
- No follow through on selling.
- A light rebound as new sectors started rallying.
- Gold was the major theme today.
- Dip buyers were active in many stocks.
Market Monitor Market monitor is market breadth based market timing tool | Current Readings Market is in correction. | ||
Type | Indicator | Value | Comments |
Daily | # of stocks up >4% on high volume | 148 | 19 stocks with 100 million plus dollar volume.(M$V) Sector trend Gold : abx gg nem aem auy kgc gold gfi slw That is lot of money flowing in gold sector Health insurance: UNH and HUM |
Daily | # of stocks down>4% on high volume | 81 | No follow through selling. 5 stocks with 100 million plus M$V |
Primary | # of stocks up >25% in a quarter | 1531 | |
Primary | # of stocks down>25% in a quarter | 383 | |
Secondary | # of stocks up> 50% in a month | 7 | |
Secondary | # of stocks down>50% in a month | 0 | In ideal scenario you would want this to climb to 20 so that you can then expect a counter trend bounce. |
Secondary | # of stocks up>25% in a month | 46 | Rapid deterioration in this. Highest readings was 875 in last 20 days. |
Secondary | # of stocks down>25% in a month | 52 | . |
Primary fast | # of stocks up>13% in 34 days | 1460 | This will be the first ratio to turn negative in correction. |
Primary fast | # of stocks down>13% in 34 days | 1095 | |
MMA+ | % of stocks in confirmed uptrend | 52 | Rapid drop from 71 to 52 |
MMA- | % of stocks in confirmed downtrend | 17 | |
10 day cumulative breadth ratio | #of stocks up> 4% in last 10 days/ #of stocks down>4% in last 10 days | 1.31 | A reading of below 0.5 on this will confirm bearish trend. |
4 comments:
hi,
what is MMA+ AND MMA-
thanks
MMA= multiple moving average.
So MMA+ is % of stocks above their multiple moving average and _MMA is stocks below their Multiple moving average.
thanks for reply one thing more what values do u take for your MMA.
Short Term EMA
3 5 8 10 12 15
Long Term EMA
30 35 40 45 50 60
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