Clearly the daily top extensions didn't stop the weekly scale compression move up that triggered in April, but now the QQQ and XLK have weekly scale tops through Dec that officially end the April signal. Retracement time.
Our new toolkit is available now for both Bloomberg and FMP users at https://t.co/mfzyEiVJro. I noticed that CAT has a monthly top extension expiring in March 2027. Valued at $442 trading at $888.
Our Parallax App Store is open! All our Bloomberg products, with many upgrades and pricing changes, are now available direct from our website at https://t.co/QoPuGSen6T
. We support both Bloomberg and Financial Modeling Prep data services. Check the new demo on youtube
The old Nov 7th weekly QQQ ExtremeHurst Top Extension signal is due to expire on May 12th. Our enhanced scanning, charting (new), and Excel add-in tools will all be available, initially for Bloomberg users, when our new app store opens in April on https://t.co/dEFaRxSk2S
We have silver top extension signals on daily, weekly, and monthly scales. The monthly signal expires in mid-2027. Expect a retracement period to commence very soon....if it hasn't already. Happy New Year.
The QQQ and IWL ETFs have weekly scale ExtremeHurst Top Extension signals here. Extensions mark the abrupt end of trends and are followed by flat or retracing prices. Signal duration scales to the elapsed signal build time. In this case they expire next April.
The Nikkei 225 has a weekly scale top here. Expect a retracement period to last through Feb. All our tools including ExtremeHurst are available by subscription on either Bloomberg or TradeStation. https://t.co/CXEYBNH0tx
Amazing to see that gold has a semi-annual scale (6 mo. bars) top and silver just got a quarterly scale top. These are both extremely rare signals that will be active for years.
SPY had an ExtremeHurst weekly top Extension on Oct 2nd that forecasts a retracement period lasting thru Feb. Couple that with todays daily Compression that predicts a new 2 week trend, and you have a high potential for that new trend to be down.
Parallax built a stock valuation algo in 1990 using traditional AI . Since then we've tracked the total market cap of the top 1000 US stocks using our model versus the actual cap. The degree of over valuation has now reached 1999 levels. (available in the Bloomberg app store)