Friday, January 23rd. - Stock Trends, Charts, and Commentary (***If you see last week's Wednesday Update: Click Here)
Many Institutional Investors prefer to follow the NYA Index for a reality check. With Inflowing Money going into a mixed group of sectors, it is sometimes hard to follow.
The Accumulation/Distribution chart for the NYA Index is shown below. While the other indexes are showing more strength, the NYA Index is showing a mixed condition with a two month down trending move on accumulation.
The real issue is that the NYA's Accumulation is working through a triangular formation where no break out has occurred yet.
Why is that important? Because a breakout in a direction is historically indicative of the next direction for the market.
*** Click on the link below if you would like to send a page link of today's update to a friend or colleague.
You can become a Free StockTiming Member in less than 10 seconds ...
and receive important, free Stock Market email updates every Morning ...
To become a Free Member, simply enter your information and click on the "Free" button.You willreceive Daily Updates and Alert Notices every morning before the market opens. On other occasions, you will also be sent special links to important stock market information and/or studies.
Quick and Easy StockTiming.com Free Member Sign Up