NYA displays a possible 6+ month symmetrical triangle. In my opinion the single most important chart for the U.S. stock market is the NYA cumulative A/D line. This chart indicates that the advance in U.S. equities represents strong market breadth and health.

Russell 2000

Several chart observations are worthy of note.

• The advance on May 16 completed a 16-week ascending triangle with targets of 1750 and 1809.
• The decline from Jun 21 to Jun 28 appears to have been a shallow retest of the ascending triangle.
• The advance on Jul 5 could have been a “sign-of-strength” (SOS) that the major trend is reasserting

Factor Membership

.

Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:

Trading Commodity Futures with Classical Chart Patterns: A free PDF copy of Peter’s classic out-of-print book

Weekend Update: 10-16 pages full of in-depth chart analysis and charting commentary

Alerts: Detailed information on specific charts as unique opportunities present themselves

Market Commentaries: Communications on specific topics regarding market speculation and trading distributed periodically

Webinars: Monthly member-only webinars where Peter speaks about current conditions and fields member questions

Knowledge Center: Fast and easy access to current and archived content from Peter’s extensive library of content

Automatic notifications: Email and social media notifications are sent out when new content is published

.

View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.

.

.

###