• 722 days Will The ECB Continue To Hike Rates?
  • 723 days Forbes: Aramco Remains Largest Company In The Middle East
  • 724 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,124 days Could Crypto Overtake Traditional Investment?
  • 1,129 days Americans Still Quitting Jobs At Record Pace
  • 1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,134 days Is The Dollar Too Strong?
  • 1,134 days Big Tech Disappoints Investors on Earnings Calls
  • 1,135 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,137 days China Is Quietly Trying To Distance Itself From Russia
  • 1,137 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,141 days Crypto Investors Won Big In 2021
  • 1,141 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,142 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,144 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,148 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,149 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,151 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Note that the Breakout Indicator is Now Reaching Into Overbought Territory

It's courtesy day again where we will share one of our subscriber charts that we have been posting in the past few weeks.

This particular chart was posted last Friday, and is a bar chart with a proprietary Ribbon Chart and Breakout Direction Indicator.

This particular model is in our final research phase, but for now, we can say that the use of this Ribbon Chart along with the Breakout Indicator helps eliminate the "noise level" that can be confusing to investors when the daily bars are highly volatile at junction changes.

Like last week, I am not going to explain this chart today, because even if you are not a technician, you either "get it or you don't", it is that simple to understand. FYI ... do note that the Breakout Indicator is now reaching into overbought territory.

So, take a look at today's chart, enjoy it, and have a great weekend.

bar chart with a proprietary Ribbon Chart and Breakout Direction Indicator

 

Back to homepage

Leave a comment

Leave a comment