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

Most Of Our Indicators In Sell Mode

Following Wednesday's session, nearly all our indicators are now in sell mode.

The summation 21 remains in sell mode. We would like to get some negative momentum on the blue line in order to confirm the correction aspect of this move rather than a simple pullback like the one we had in late January.

Summation 21

The turnover index continues to decline, telling us that volumes are picking up on declining stocks.

Turnover Convergence/Divergence

Our Sigma Trading Oscillator turned negative (-5) for the first time since December the 19th. If we close two consecutive days below the zero line on the Sigma Trading Oscillator, the probability of a trend reversal (at least on a short term basis) will be high.

Sigma Trading Oscillator

Our breath index closed at zero. This indicator is the only one that is not in sell mode for the time being.

Sigma Market Breadth

With all these new sell signals, we believe we are on the right side of the market with our short position.

Have a nice day.


Back to homepage

Leave a comment

Leave a comment