• 151 days Could Crypto Overtake Traditional Investment?
  • 156 days Americans Still Quitting Jobs At Record Pace
  • 157 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 161 days Is The Dollar Too Strong?
  • 161 days Big Tech Disappoints Investors on Earnings Calls
  • 162 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 163 days China Is Quietly Trying To Distance Itself From Russia
  • 164 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 168 days Crypto Investors Won Big In 2021
  • 168 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 169 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 171 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 171 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 175 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 176 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 176 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 178 days Are NFTs About To Take Over Gaming?
  • 179 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 182 days What’s Causing Inflation In The United States?
  • 183 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

All Indicators In Negative Territory

Following Friday's session, most of our indicators turned negative.

Don't forget we need two consecutive closes in negative territory for a trend reversal signal.

Our Sigma Trend Index reached a new low at -11.

Sigma Trading Oscillator

Our breath indicator is slightly lower, but we need 2 consecutive closes in order to flash a trend reversal signal.

Market Breadth

The turnover index gave a fresh sell signal on Friday.

Convergence/Divergence

And the summation 21 too. On top of that, we can notice that the summation 21 made lower high and lower low since mid January, signalling an importance negative divergence with prices.

Summation 21

Conclusion:

We remain focus on the breath index and our the Sigma Trend index because they were the most accurate in telling us: "the uptrend is weak but still alive". We want a trend reversal signal in those indexes.

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment