• 9 mins The Most Impressive Electric Vehicle Of The Year
  • 1 day Gold Miners Are Having A Stellar Second Half
  • 2 days How 3D Printing Is Turning Each And Every Industry On Its Head
  • 2 days Is The $3.5 Trillion Healthcare Industry About To Get Much More Transparent?
  • 3 days Gamblers Are Betting Big On Trump’s Impeachment
  • 3 days Even Banks Can't Answer Aramco's Trillion Dollar Question
  • 4 days Will Bezos Buy The Seattle Seahawks?
  • 4 days 6 Tech Trends Transforming The Travel Industry
  • 5 days Ousted Uber CEO Cashes Out $500 Million In Stock
  • 5 days Trump Prepares For Another Key Tariff Decision
  • 5 days The Free Money Bubble Is About To Burst
  • 6 days The Crushing Reality Of Poverty In America
  • 6 days Should You Buy Into The World’s Largest IPO?
  • 6 days The Infinite Possibilities Of Cosmic Energy
  • 7 days Analysts Link Walking To Economic Growth
  • 8 days Will Japan Turn Its Back On The Aramco IPO?
  • 9 days Global Debt Soars To $188 Trillion
  • 9 days The World's Largest Gold Miners Are Getting Creative
  • 10 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 10 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

Contact Author

  1. Home
  2. Markets
  3. Other

This is Not What I Would Like to See ...

Today's chart shows the Accumulation levels on the NYA Index. Take a moment to really look at this chart.

Last October/November, the Accumulation levels trended up strongly, and then from February to June of this year it had choppy struggling action.

From June to now, the choppiness got worse as the Accumulation levels flipped back and forth into a down trend, and then to an up trend, and then to a down trend.

The blue vertical lines represent up trending, and the red vertical lines represent down trending. Notice the frequency over time of how the lines are getting closer and closer to each other. That is what I don't like to see as it represents higher volatility and a greater number of swings occurring.

What does it mean for the average investor? This kind of action means the likelihood for whipsawing is increasing, and I don't know many who know how to deal with a whipsawing environment.

NYA Accumulation/Distribution Chart

 

Back to homepage

Leave a comment

Leave a comment