Monday, July 27th. - Stock Trends, Charts, and Commentary (***If you see last week's Monday Update do a refresh: Click Here)
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.)
*** Please feel free to privately send a link to this page to a friend
or colleague by clicking on the link below.
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