• 657 days Will The ECB Continue To Hike Rates?
  • 657 days Forbes: Aramco Remains Largest Company In The Middle East
  • 659 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,059 days Could Crypto Overtake Traditional Investment?
  • 1,063 days Americans Still Quitting Jobs At Record Pace
  • 1,065 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,068 days Is The Dollar Too Strong?
  • 1,069 days Big Tech Disappoints Investors on Earnings Calls
  • 1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,071 days China Is Quietly Trying To Distance Itself From Russia
  • 1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,076 days Crypto Investors Won Big In 2021
  • 1,076 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,079 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,079 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,083 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,083 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,084 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,086 days Are NFTs About To Take Over Gaming?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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