Tuesday, April 03, 2018 1:40:11 PM
sell rallies continues to be the mode ...
the ongoing bearish chart condition for SPY is readily visible in the RSP daily:
RSP = Equally Weighted version of the SPY, which is capitalization weighted and
the top 25 symbols by market cap size account from 33 to 38% of the total SPY price action, depending on month
fyi - nearly all of the top 25 symbol set have been crushed for all of March and early April,
relative to the majority of symbols in the S&P 500 index ... attributed to the trade war talk
sell rallies, until proven otherwise
agreed that there is some uncertainty in the near-term, whether
a bull or bear
* I recommend 21,2 %b vs. it zero line and vs. its .50 line for future vigilance ...
no lasting price advance by SPY is probable until an actual
hold by RSP back above its 21,2 %b .50 line
the ongoing bearish chart condition for SPY is readily visible in the RSP daily:
RSP = Equally Weighted version of the SPY, which is capitalization weighted and
the top 25 symbols by market cap size account from 33 to 38% of the total SPY price action, depending on month
fyi - nearly all of the top 25 symbol set have been crushed for all of March and early April,
relative to the majority of symbols in the S&P 500 index ... attributed to the trade war talk
sell rallies, until proven otherwise
agreed that there is some uncertainty in the near-term, whether
a bull or bear
* I recommend 21,2 %b vs. it zero line and vs. its .50 line for future vigilance ...
no lasting price advance by SPY is probable until an actual
hold by RSP back above its 21,2 %b .50 line
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