What Did The Market Do?

Last Wednesday, January 20, 2016, many market internals reached extreme on the negative side. The U/DVOL was more than 20 to 1 favoring the downside during the flush, the A/D line was almost completely dominated by the decliners, and the new high-new low fell below August 24,2015 level. It was like a panic flush. Go back and take a look at the 1/20/2015 morning TICK and see for yourself how many of them dipped below -1000.

What Is The Breadth Telling Us - 1/31/2015

In this video, I will demonstrate how I use some of the market breadth indicators and how to get some clues on where the market might be headed.

Are We There Yet?

As the market continue to climb higher, many market participants are preoccupied on waiting for the correction to appear. While these participants wait and ponder on when will this market will correct, they are missing the opportunity to long this market. Those that are focused on riding this market up are not asking "When will the overdue market correction appear?". Instead, they are asking "Are we there yet? Has the market reached the top?"

Here are some observations to help those that are wonder whether the market has reached the top. From the chart below, one can easily see the SP500, DJ Industrial 30, Dow Jones Transportation, Nasdaq 100,