Weekly Chart Pattern

 Posted by at 1:01 pm
Aug 212016
 

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For the second time in three weeks, the S&P500 posted an outside bar on its weekly chart. That means we saw both a higher high and a lower low compared to the previous week. Continue reading »

Aug 152016
 

Copyright reminder: The following research note is intended solely for the use of our subscribers. Redistribution in whole or in part is strictly prohibited.

Options expiration week kicked off with another new high for the S&P500. Continue reading »

Model Update

 Posted by at 10:02 am
Aug 122016
 

Copyright reminder: The following research note is intended solely for the use of our subscribers. Redistribution in whole or in part is strictly prohibited.

Equities model made the following adjustment at Thursday’s close… Continue reading »

Aug 092016
 

Copyright reminder: The following research note is intended solely for the use of our subscribers. Redistribution in whole or in part is strictly prohibited.

One of the more unique charts currently available on Market Tells is the SPX opening-based advance-decline line. Rather than comparing each component’s close to yesterday’s close to determine an ‘advance’ or ‘decline’, this version compare the component’s close to today’s open. Below is a longer-term chart of the indicator along with a close-up of recent action…

openadvdec

From a long-term perspective, note that the opening-based line broke out to a new all-time high in late February and has been rocketing higher ever since. But over the past month, it’s noteworthy that this version of the advance-decline line has flattened out. It put in a top back on July 12th and has not been able to eclipse that level since. The longer this divergence persists, the greater the chance for a correction.

Scroll through our historical database of SPX opening-based advance-decline data below, or if you wish to export to a spreadsheet or elsewhere, simply click on the table below, select all (ctrl-a), copy and then paste. You can also click here for an Excel file. Daily updates can be found in the end-of-day data section of the site.

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