A review of the NASDAQ’s charts

This is an excerpt of this week’s digest available to premium members only. Contrary to the DJIA, click chart to the right, the daily chart of the NASDAQ (see below) has no peak relative strength values (RSI5) but instead sports negative divergences, has triple negative divergence on the MACD and contrary to the DJIA peak money flow…

Is the S&P500 heading for 2500 next?

Two weeks ago the SPY:TLT ration suggested a correction was ahead, see here. Correctly so, but the correction only lasted 2 days and that was all the bears got. Yes, these indicators can correctly foretell of pending market moves, but will not tell us the extent of the move or for how long it will…

A/D line giving warning signals?

The advance/decline line (A/D) plots changes in the value of the advance-decline index over a certain time period -daily, weekly, or even monthly- and is used to confirm the strength of a current trend and its likelihood of reversing. If the slope of the A/D line is up and the market is trending up too,…