Cycle Trading

[No-Quarter]

I believe the NASDAQ is rising solely due to AI hype. The NASDAQ Breadth indicator shows at best indecision, not a clear direction.

https://stockcharts.com/h-sc/ui?s=%21ITBMRANAS&p=D&yr=1&mn=1&dy=1&id=p12632900416&a=1330618129



The Small Caps Breadth indicator shows similar indecision. Hard to swing trade successfully with indecision in these indicators.

https://stockcharts.com/h-sc/ui?s=%21ITBMRASML&p=D&yr=1&mn=1&dy=1&id=p12632900416&a=1330618129



The trend indicators for the broader S&P continue to point downward though.


https://stockcharts.com/h-sc/ui?s=%21ITBMRASPX&p=D&yr=1&mn=1&dy=1&id=p12632900416&a=1330618129




The head and shoulders pattern on this one is clear too.

https://stockcharts.com/h-sc/ui?s=%24NYSI&p=D&yr=1&mn=1&dy=1&id=p03308566192&a=1330618129




https://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=0&mn=4&dy=1&id=p90415635758&a=1330618129




My crystal ball indicates the big picture is still intact. No indecision present. GLTY

Update:
S&P 500
1929 vs 2023

The S&P 500 index was officially created in 1957, but data from the predecessor indexes and companies it tracks goes back to 1871.

This data is compiled in the chart you see and represents an accurate picture of what happened back in 1929. https://t.co/YTvFkbMlKQ pic.twitter.com/8jwOsPD1UR

— Financelot (@FinanceLancelot) April 17, 2023

This time will be different. pic.twitter.com/Xnm3KYRMkZ

— 471TO (@TOzgokmen) May 26, 2023

https://finance.yahoo.com/news/heres-exactly-investors-buy-stocks-033914143.html




https://stockcharts.com/h-sc/ui?s=%24UST10Y-%24UST2Y&p=D&yr=50&mn=6&dy=0&id=p29650543429&listNum=1&a=1090585433

https://stockcharts.com/h-sc/ui?s=%24UST10Y-%24UST3M&p=D&yr=50&mn=6&dy=0&id=p54359224031




https://fred.stlouisfed.org/graph/fredgraph.png?g=13krD

https://fred.stlouisfed.org/graph/fredgraph.png?g=13dNY




https://www.allianz-trade.com/en_US/insights/fed-hikes.html




https://stockcharts.com/h-sc/ui?s=%24SPX&p=M&yr=28&mn=1&dy=1&id=p93593618721