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Indexes Successfully Test Support Levels


Indexes Successfully Test Support Levels
Why caution is still warranted, though.
They passed the test.
All the major equity indices closed at or near their intraday highs Monday with successful tests of their support levels. The charts remain generally positive.
However, the psychology data continues to suggest too much bullish sentiment exists while valuation remains extended with their combined signals suggesting caution is warranted.
On the Charts
Source: Worden
The only index posting a gain Monday was the DJIA (see above) as the rest posted losses. However, the early morning selloff proved to be the lows of the day as buyers came in to push all the indices higher to close at or near their intraday highs. ....

Nasdaq All Exchange , Dow Jones , Value Line , Dow Jones Transports , Value Line Arithmetic , Dow Transports , All Exchange , Othat Note , Oversold Oscillators , Open Insider , Sell Ratio , Rydex Ratio , Investors Intelligence , Bull Ratio , நாஸ்டாக் அனைத்தும் பரிமாற்றம் , டோ ஜோன்ஸ் , மதிப்பு வரி , டோ ஜோன்ஸ் போக்குவரத்து , மதிப்பு வரி எண்கணிதம் , டோ போக்குவரத்து , அனைத்தும் பரிமாற்றம் , அந்த குறிப்பு , திறந்த உள் , விற்க ரேஶியோ , முதலீட்டாளர்கள் உளவுத்துறை , காளை ரேஶியோ ,

Watch These Important Index Support Levels


Watch These Important Index Support Levels
Monday s close will be extremely important.
Dec 21, 2020 | 11:15 AM EST
Nearly all the major equity indices remain in near-term uptrends. However, the market s weakness on Monday may change all that.
Monday s close will be extremely important regarding whether or not the charts will be able to withstand the early selloff and hold their respective support levels.
Closes below support would darken our outlook as the psychology data and valuation have been suggesting a fairly high level of risk has existed in the markets for the past several sessions. This appears to be some of that risk coming to fruition. ....

Nasdaq All Exchange , Dow Jones , Jones Transports , Line Arithmetic Index , Oversold Oscillators , All Exchange , Open Insider , Sell Ratio , Rydex Ratio , Investors Intelligence , Bull Ratio , நாஸ்டாக் அனைத்தும் பரிமாற்றம் , டோ ஜோன்ஸ் , ஜோன்ஸ் போக்குவரத்து , வரி எண்கணிதம் குறியீட்டு , அனைத்தும் பரிமாற்றம் , திறந்த உள் , விற்க ரேஶியோ , முதலீட்டாளர்கள் உளவுத்துறை , காளை ரேஶியோ ,

Market Deadlock: Charts and Data Grapple for the Upper Hand


Market Deadlock: Charts and Data Grapple for the Upper Hand
The stalemate continues.
Dec 18, 2020 | 11:00 AM EST
While the charts of the major equity indices remain positive and lacking sell signals, the psychology data and valuation continue to imply a fairly high level of risk currently exists for equities, as discussed below.
On the Charts
All the major equity indices closed higher Thursday and at or near their intraday highs with positive internals on higher trading volumes.
All made new all-time closing highs with the one exception of the Dow Jones Transports, which is now the only index in a near-term neutral trend as the rest are bullish. ....

Nasdaq All Exchange , Dow Jones , Dow Jones Transports , All Exchange , Dow Transports , Oversold Oscillators , Investors Intelligence , Bull Ratio , Open Insider , Sell Ratio , Rydex Ratio , நாஸ்டாக் அனைத்தும் பரிமாற்றம் , டோ ஜோன்ஸ் , டோ ஜோன்ஸ் போக்குவரத்து , அனைத்தும் பரிமாற்றம் , டோ போக்குவரத்து , முதலீட்டாளர்கள் உளவுத்துறை , காளை ரேஶியோ , திறந்த உள் , விற்க ரேஶியோ ,