AI
| Followers | 689 |
| Posts | 143817 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Sunday, November 19, 2017 1:25:39 PM
Weekend Analysis by Amateur Investors
By: Amateur Investors | November 18, 2017
Although the market remains at all time highs some interesting things have been developing the past few weeks. The chart below shows prior instances when the following seven conditions occurred.
1. NYSE 52 Week Highs and Lows were both >= 2.2% of the number of issues traded.
2. The number of NYSE 52 Week Lows was greater than the number of 52 Week New Highs.
3. The S&P 500 is higher than it was 50 trading days ago.
4. The McClellan Oscillator is Negative.
5. The S&P 500 is within a few percent of an All Time High.
6. The % of Bullish Advisors is >= 56%.
7. Shiller PE Ratio >= 18.
Notice when all of the seven conditions mentioned above were met (denoted by purple dots) corrections followed. In 4 of the 5 prior events the corrections were 35% or greater while the last one was only 15%.
Meanwhile looking at the events of 2015, 2007 and 1999, it doesn't mean the market has to correct immediately. After the signal in December of 2014 (point A), the S&P 500 lingered near an all time high for another 6 months before undergoing a correction from the Summer of 2015 through early 2016.
Looking at 2007, the July signal (point D) was followed by a slightly higher high 3 months later (point E), which corresponded with the October signal and a major top.
Finally, the December of 1999 signal (Point F) was followed by a slightly higher high as well in which the S&P 500 peaked in March of 2000 (point G).
Thus, based on these prior events, the market doesn't have to undergo a correction immediately and could linger near all time highs for a few more months.
http://www.amateur-investors.com/AII_Weekend_AnalysisNov_18_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
****************************************
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
By: Amateur Investors | November 18, 2017
Although the market remains at all time highs some interesting things have been developing the past few weeks. The chart below shows prior instances when the following seven conditions occurred.
1. NYSE 52 Week Highs and Lows were both >= 2.2% of the number of issues traded.
2. The number of NYSE 52 Week Lows was greater than the number of 52 Week New Highs.
3. The S&P 500 is higher than it was 50 trading days ago.
4. The McClellan Oscillator is Negative.
5. The S&P 500 is within a few percent of an All Time High.
6. The % of Bullish Advisors is >= 56%.
7. Shiller PE Ratio >= 18.
Notice when all of the seven conditions mentioned above were met (denoted by purple dots) corrections followed. In 4 of the 5 prior events the corrections were 35% or greater while the last one was only 15%.
Meanwhile looking at the events of 2015, 2007 and 1999, it doesn't mean the market has to correct immediately. After the signal in December of 2014 (point A), the S&P 500 lingered near an all time high for another 6 months before undergoing a correction from the Summer of 2015 through early 2016.
Looking at 2007, the July signal (point D) was followed by a slightly higher high 3 months later (point E), which corresponded with the October signal and a major top.
Finally, the December of 1999 signal (Point F) was followed by a slightly higher high as well in which the S&P 500 peaked in March of 2000 (point G).
Thus, based on these prior events, the market doesn't have to undergo a correction immediately and could linger near all time highs for a few more months.
http://www.amateur-investors.com/AII_Weekend_AnalysisNov_18_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
****************************************
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
