Breakaway Momentum Requires 2070 Net Advances Tomorrow
The market has a chance to generate Breakaway Momentum -- which I believe is the Best Breadth Thrust Of Them All -- tomorrow. But it will take 2070 net advances for it to do so; we then lose March 30th's 1523 net advances Wednesday. https://t.co/LhCrAp5qlg
SPY and QQQ Need Specific Drops to Fill Gaps
For those keeping score at home: It would take declines to 659.61 in $SPY and 588.98 in $QQQ to fill Wednesday's gaps. (Reminder: There's no law that says they have to be filled...) https://t.co/XMoxZZ4gJv
Positive Breadth Amid Flat Volume Leaves Market Uncertain
Breadth is solidly positive (by a 9-5 margin) but upside volume and downside volume are dead even. "There's something happening here What it is ain't exactly clear" https://t.co/vYUbSQsVwb
Quince Therapeutics: Today’s NASDAQ Wunderkinder Spotlight
And, of course, the day wouldn't be complete without a NASDAQ wunderkinder. Today's is Quince Therapeutics: https://t.co/SN5w5K1UCd
Unclear Market Surge: 78% Upside Opening Detected
One of the strongest openings ever and it's only a 78% upside day at 10:30. "There's something happening here; what it is ain't exactly clear..." UVOL/(UVOL+DVOL); Lowry’s definition. Data per https://t.co/iX5L1DJIjD. See https://t.co/7TpOm9eA5A for explanation.
Gap Fill Speed Reveals Underlying Trend Strength
$SPY would have to decline to 651.54 and $QQQ to 578.64 to fill this morning’s potential breakaway gaps, and $QQQ has now filled last Thursday’s gap. (No fooling…) How quickly the gaps get filled -- if at all – gives...
NYSE/NASDAQ Docs Don't Mandate Massive Rally for Upside Days
I should point out that there is nothing in either the NYSE or the NASDAQ documents that **requires** a strong, durable rally to generate either a 90% upside day or back-to-back 80% upside days when it begins.
Unfilled QQQ Gaps and Grim SPX Signal Warn Contrarians
And so we go into the weekend with two unfilled gaps in $QQQ and a rather ominous-looking $SPX chart. I suspect that absent a dramatic tweet sentiment might be pretty gloomy over the weekend... and that contrarians might take notice. https://t.co/voHUQKVB2z
67% Downside Day Insignificant; QQQ Gap Remains Unfilled
Today was a 67% downside day... which is insignificant. DVOL/(UVOL+DVOL); Lowry’s definition. Data per https://t.co/iX5L1DJIjD. See https://t.co/7TpOm9eA5A for explanation. Meanwhile, $QQQ never filled its gap via a rally to 585.69. https://t.co/GaMd8Ti309
Slow Gap Fill Signals Potential Breakaway Trend
$SPY would have to decline to 657.03 and $QQQ to 587.93 to fill this morning’s gaps. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is… but if...
Strong Opening
82% upside day at 10:30. Expected it to be higher than that after such a strong opening. UVOL/(UVOL+DVOL); Lowry’s definition. Data per https://t.co/iX5L1DJIjD. See https://t.co/7TpOm9eA5A for explanation.
Interview on YouTube Features Misdubbed Brazilian Facilitator Audio
A recent interview of mine is now on YouTube: https://t.co/RrZK2rohWk The soundtrack's been dubbed because the facilitator was in Brazil. I don't really sound like that...
Market’s Response to Oversold Beats Oversold Label, Gap Filled
The important thing isn't that the market's oversold -- it's how the market responds to its oversold condition. Meanwhile, Thursday's gap was finally filled. https://t.co/vTVOt0gTEs
SPX Gaps Lower, Bullish Rally Needed to Halt Decline
$SPX closed below the Dec low and today's gap, unlike others recently, wasn't closed during the day. This isn't fatal yet (the Jan 20 one [dashed line] wasn't closed until the following day) but the bullish forces need to pull...
66% Downside Day at 11:00 Holds No Significance
A mere 66% downside day at 11:00. Has no significance. DVOL/(UVOL+DVOL); Lowry’s definition. Data per https://t.co/iX5L1DJIjD. See https://t.co/7TpOm9eA5A for explanation.
