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Sun08
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Post: #1051  Posted: Thu Mar 07, 2019 1:34 pm Post subject: |
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| SwingTrader wrote: | | Sun08 wrote: |
ST, most of the indices are (highly) overbought and some reaction/consolidation is in order.
Pl also see my post of 05/02.
Regards |
Yes, that is very much possible and it is fine. Reaction / consolidation is expected. But it looks like some kind of an upmove is possible from here for a while. I am expecting this as long as the breadth picture stays supportive.
The next round turn of short term breadth would be crucial to watch, medium and long need to hold steady during this turn. |
true, ST. I am bullish as of now for at least a month.
tks and regards |
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Sun08
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| Post: #1052 Posted: Thu Mar 07, 2019 1:36 pm Post subject: |
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| Sun08 wrote: | | SwingTrader wrote: | Sun08,
The stocks you mentioned are there but just down the list (not displayed). The current list is based on short + medium term linear regressions of stocks. This criteria is quite old, we now have better criteria. Will try and update this soon.
The current list displays stocks that are moving strongly in recent history (20-60 days). |
oh, ok. tks a lot ST. can you increase the period to 20-120 days? that should cover at least nov if not oct. |
ST, I was referring to this post of mine. |
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SwingTrader
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| Post: #1053 Posted: Tue Mar 12, 2019 7:19 pm Post subject: |
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NSE Breadth Oscillator as on 12th MAR 2019
Both price and medium term breadth moved up strong. Short term breadth is already at the top. Long term breadth had an odd move, first going down then coming back up today. It could be due to the long term nature of its criteria (the num of stocks above 200 SMA taking into account also the extent of the move of stocks above their 200 SMAs).
Enjoying the ride while it lasts....
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Srikanth Kurdukar
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SwingTrader
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| Post: #1054 Posted: Mon Mar 18, 2019 8:50 pm Post subject: |
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NSE Breadth Oscillator as on 18th Mar 2019
Short term oscillator starting its trip down. I am hoping this trip is short and not all the way down (this happens when market is bullish, so I am hoping this happens). The action of medium term oscillator would be crucial during this phase, I am hoping it holds above zero. This pullback / consolidation must be constructive if we are to keep moving up.
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apka
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| Post: #1055 Posted: Mon Mar 18, 2019 11:09 pm Post subject: |
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| Since usdinr has come to 68.65 and is sustaining under 70 after many months.. market action seems to be in tandom with currency appreciation -- indicative that mostly its genuine and we should make a new high rather than just a pull back to test highs. |
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SwingTrader
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| Post: #1056 Posted: Tue Mar 19, 2019 9:21 am Post subject: |
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| apka wrote: | | Since usdinr has come to 68.65 and is sustaining under 70 after many months.. market action seems to be in tandom with currency appreciation -- indicative that mostly its genuine and we should make a new high rather than just a pull back to test highs. |
 
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Srikanth Kurdukar
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SwingTrader
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| Post: #1057 Posted: Tue Mar 19, 2019 9:05 pm Post subject: |
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NSE Breadth Oscillator as on 19th Mar 2019
Short breadth continuing its downward ride, medium & long term continue to steadily move up. Encouraging sign....
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Srikanth Kurdukar
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SwingTrader
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| Post: #1058 Posted: Sat Mar 23, 2019 9:36 pm Post subject: |
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NSE Breadth Oscillator as on 22nd Mar 2019
Short term breadth well on its way down to the bottom. Medium term and long term holding well. A quick turn around and up move of the short term breadth would be very bullish whereas it reaching the bottom and going sideways could start to pulldown medium term which in turn could put pressure on the index. So next week is important. We could get some clues on continuation of this up move.
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Sun08
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| Post: #1059 Posted: Mon Mar 25, 2019 8:12 am Post subject: |
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| 3 month bond yield crossed above 10 year yield in US on Friday 22/03, first time since crash of 2007. Hence, caution advised. |
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SwingTrader
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| Post: #1060 Posted: Tue Mar 26, 2019 6:56 pm Post subject: |
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| Sun08 wrote: | | 3 month bond yield crossed above 10 year yield in US on Friday 22/03, first time since crash of 2007. Hence, caution advised. |
Usually yield curve inversions do have lot of lead time so I am not sure how much of weightage can we put on this immediately....but surely something to keep in mind. Thanks.
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Srikanth Kurdukar
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SwingTrader
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| Post: #1061 Posted: Tue Mar 26, 2019 7:06 pm Post subject: |
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NSE Breadth Oscillator as on 26th Mar 2019
Short term oscillator below -80 and medium term and long term holding steady. So things look fine at the moment as far as market internals are concerned. Reversal of short term breadth oscillator to the upside could add more fuel to any up move from here.
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SwingTrader
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| Post: #1062 Posted: Thu Mar 28, 2019 9:17 pm Post subject: |
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NSE Market Breadth Oscillator as on 28th Mar 2019
Short term breadth reversing up and as I had mentioned it could be adding power to the upmove as both medium term and long term breadth were already holding steady and now could continue up.
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apka
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| Post: #1063 Posted: Thu Mar 28, 2019 9:37 pm Post subject: |
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Sun08
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| Post: #1064 Posted: Fri Mar 29, 2019 9:00 pm Post subject: |
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| SwingTrader wrote: | | Usually yield curve inversions do have lot of lead time so I am not sure how much of weightage can we put on this immediately....but surely something to keep in mind. Thanks. |
yes, that's true, it is a leading indicator that can show results after a while but damage remains longer. Particularly noting that this looks certainly to be a pre-election rally as posted in my other thread and macro/micro don't support much.
Also, check out my post of 19/01 in https://www.icharts.in/forum/viewtopic.php?t=6256. Baltic dry index went to 600. So pain can be much longer when it starts. What's more, India has in the past reacted a few months after developed markets started their down turn. So fun may be short lived even if NDA wins by a margin higher than before. |
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SwingTrader
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| Post: #1065 Posted: Tue Apr 02, 2019 9:34 pm Post subject: |
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NSE Market Breadth as on 2nd Apr 2019
All breadth oscillators and price going up nicely.
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