• 1,205 days Will The ECB Continue To Hike Rates?
  • 1,205 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,207 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,607 days Could Crypto Overtake Traditional Investment?
  • 1,612 days Americans Still Quitting Jobs At Record Pace
  • 1,614 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,617 days Is The Dollar Too Strong?
  • 1,617 days Big Tech Disappoints Investors on Earnings Calls
  • 1,618 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,620 days China Is Quietly Trying To Distance Itself From Russia
  • 1,620 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,624 days Crypto Investors Won Big In 2021
  • 1,624 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,625 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,627 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,628 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,631 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,632 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,632 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,634 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Danger, but Hanging on by a Thread?

Below is our tracking of Accumulation levels on the NYA Index (the NYSE Index).

The Accumulation levels on the NYA Index had a down tick that was below its red AND gray trend lines which was a Danger Possibility.

But ... it was still in a mixed trending condition on the short term because it had previously breached both the upside resistance and downside support and Friday's close was in between those two. (If it now makes a lower/low, then it will start a down trend.)

(Older comments: Please look at the two labels that say "Clean" and "Choppy" on this chart. The "Clean" label covers the Accumulation trending mostly during last November Note how the trend rose smoothly above the trend lines. Now look at the "Choppy" label for the time period since March. Here you see that the Accumulation is not trending "Clean" ... it is so "Choppy" that struggling activity can easily be seen.)

NYA Index

 

Back to homepage

Leave a comment

Leave a comment