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 breadth and health.
https://www.peterlbrandt.com/wp-content/uploads/2018/06/up.jpg8151222Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-07-16 14:04:072018-07-16 14:04:07What is Market Breadth Telling Us
U.S Stocks look promising, with the Russell 2000 appears to be leading the upward parade. The Factor is long this market as of last Wednesday. The daily chart of the Russell 2000 ETF (IWM) is shown below after a breakout this past week that was promising.
The advance this past week exceeded the upside price target of 92.38 and I exited my long position. I will monitor this market for a possible continuation pattern. I believe the U.S. Dollar Index will continue to trend higher. Factor is flat.
https://www.peterlbrandt.com/wp-content/uploads/2018/05/Whats-in-your-wallet.jpg6071233Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2018-05-07 08:04:242018-05-07 08:04:24What’s in Your Wallet
What is Market Breadth Telling Us
/by Peter BrandtNYA – NYSE Composite
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 breadth and health.
U.S Stocks Look Promising
/by Peter BrandtU.S Stocks look promising, with the Russell 2000 appears to be leading the upward parade. The Factor is long this market as of last Wednesday. The daily chart of the Russell 2000 ETF (IWM) is shown below after a breakout this past week that was promising.
What’s in Your Wallet
/by Peter BrandtThe advance this past week exceeded the upside price target of 92.38 and I exited my long position. I will monitor this market for a possible continuation pattern. I believe the U.S. Dollar Index will continue to trend higher. Factor is flat.
Picking Tops and Bottoms
/by Peter BrandtI have no desire as a trader to pick tops and bottoms. I am very comfortable making my living between the 30-yard lines
Forex Ideas
/by Peter BrandtWithin are some interesting and potentially profitable Forex ideas developing.
Bitcoin Thaw
/by Peter BrandtBitcoin ($BTC) is bumping up against the neckline of an arguable H&S bottom pattern. This is the point at which prices could accelerate … or fail.