• 1,033 days Will The ECB Continue To Hike Rates?
  • 1,034 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,036 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,435 days Could Crypto Overtake Traditional Investment?
  • 1,440 days Americans Still Quitting Jobs At Record Pace
  • 1,442 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,445 days Is The Dollar Too Strong?
  • 1,445 days Big Tech Disappoints Investors on Earnings Calls
  • 1,446 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,448 days China Is Quietly Trying To Distance Itself From Russia
  • 1,448 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,452 days Crypto Investors Won Big In 2021
  • 1,452 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,453 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,455 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,456 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,459 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,460 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,460 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,462 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  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