• 762 days Will The ECB Continue To Hike Rates?
  • 763 days Forbes: Aramco Remains Largest Company In The Middle East
  • 764 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,164 days Could Crypto Overtake Traditional Investment?
  • 1,169 days Americans Still Quitting Jobs At Record Pace
  • 1,171 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,174 days Is The Dollar Too Strong?
  • 1,174 days Big Tech Disappoints Investors on Earnings Calls
  • 1,175 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,177 days China Is Quietly Trying To Distance Itself From Russia
  • 1,177 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,181 days Crypto Investors Won Big In 2021
  • 1,181 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,182 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,184 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,185 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,188 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,189 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,189 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,191 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

The Market Continues to Lose Momentum

The market continues to climb day after day, without any meaningful pullback.

Nevertheless, looking at our Sigma Trading Oscillator, we can notice that the trend is losing momentum: market makes new highs (blue line) while the Sigma trend Index (red line) is already declining.

This situation underlines that a correction should occur sooner rather than later.

Sigma Trading Oscillator

This situation is not confirmed by our summation 21 index and our turnover index. Both index remain in buy territory (blue line above red line).

Summation 21

Turnover Convergence Divergence

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment