@MarkNewtonCMT Mark, sounds like a nice barbell with Utes & Healthcare on one side (non-cyclicals) and Financials & Industrials (cyclical) on the other.
@allstarcharts@sstrazza In other words: when the equal weighted market starts outperforming it will be a "pick ANY stock market" as a major of stocks will be outperforming.
@McClellanOsc Tom, are you seeing the same divergence on the S&P500 Common Stock AD Line? The reason I ask is the NYSE is lower beta than SPX due to preferrds and closed end funds.
@i3_invest Guilherme, my father Bob Brogan was Marc's partner and brought Chaikin $Flow to the public domain in 1992 when they sold their software (BOMAR) to Reuters (Instinet R&A). I say all this because I have not seen anyone do a long-term application of Money Flow, it is great analysis!
@seeitmarket@DKellerCMT David, this was great post, as you may recall back when we called on you at Fidelity, my father Bob Brogan, CMT and Marc Chaikin were the ones that brought this indicator to the public for the first time ever when they sold their technical platform to Reuters/Instinet in 92'.
@ryanweather From what I have read, the sun is the source of all energy, we are currently in a soar maximum and there is a correlation between solar max/min cycles and frequency of hurricanes.
@DividendGrowth Here is the chart for the other side of the story.... just being fair.... there are always two sides to a story, sometimes even three....
@DividendGrowth To be fair, I'd like to see the same analysis missing the worst days in the market. If you can show me that and the results are not similar to the chart result below posted by https://t.co/b5YKv8NpGJ & Goldman Sachs, I will be a believer.
@RenMacLLC How are these signals in a Bear Market (07'-09') & (00'-03') for reference, just in case this is the end of the Bull Market (09'- 23'). If this is the end of the Bull, then these Buy Signals will be false positives and followed by more Buy Signals lower and lower.
@RenMacLLC My definition of a Bear is a market that has not made new highs and the SPX has not bettered the Jan 22' highs, but that is beside the point. I just would like to see the signals from 00'-03' & 07'-09', just in case we are in a Bear Market like 68'-82 & 00'-13', to be fair.