iCharts Discussions

SwingTrader · Posted: Sun Feb 09, 2014 9:34 pm Post subject:

Updated sentiment & breadth charts (07.02.2014)

Significant turn in sentiment is seen but not enough to get into long positions yet. A plunge of rank below 50% would signal a more or less complete reversal of options sentiment. This will have to be confirmed by options sentiment. We will have to see how sentiment changes this week to decide on that.

Market breadth : Strong bullish sentiment in the short-term (red line). For the down move to continue, the short term line will have to get to bullish extreme with medium term (blue line) staying below below -60% or so. If medium term line follows the short term breadth and moves up then we could see uptrend resuming.

Avg 1 mth vs 3 mth price changes in stocks currently indicates that the time for the uptrend resuming is not yet here.

Interesting week ahead. Good luck !!!

SwingTrader · Posted: Sun Feb 16, 2014 5:08 pm Post subject:

Updated Sentiment & Breadth charts (14.02.2014)

All charts indicate a continuation of the down move unless something drastically changes this coming week. Nothing else to add at this point as the situation hasn't changed much in the last week. This will get interesting only if NS moves above 6130 and then sustains above it. Until then I will continue to enjoy the down move.

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

pls provide update....thanks...feb is stagnant since the down signal initially came..isnt it

SwingTrader · Posted: Wed Feb 19, 2014 9:19 am Post subject:

SwingTrader · Posted: Thu Feb 20, 2014 6:00 pm Post subject:

Updated NSE OTM PCR Rank (20.02.2014)

Rank has shot up above 90% today. Indication is strongly bearish as long as NF remains below 6100.

SwingTrader · Posted: Sun Feb 23, 2014 10:08 pm Post subject:

Updated NSE sentiment & breadth charts (21.02.2014)

Recent short-term strength has not had much of an impact on the intermediate term. My positional / intermediate term stance remains bearish. OTM PCR rank is hovering near 90% indicating bearishness, options sentiment confirms the same. Short-term breadth is neutral, the recent improvement in short term breadth has not affected intermediate term breadth in any appreciable way. Until intermediate term breadth recovers, there is risk for position longs. NSE % changes - 1 mth vs 3 mths - too does not indicate end of the down move yet.

Short term traders can trade away but position longs should wait for more signals.

SwingTrader · Posted: Sun Mar 02, 2014 7:22 pm Post subject:

Updated sentiment & breadth charts (28.02.2014)

The recent short-term strength has not yet translated into any improvement in the intermediate term strength. Though short-term trend is strongly bullish, medium/intermediate term strength remains bearish.

OTM pcr rank and options sentiment continue to indicate bearish bias. Short term breadth is bullish but intermediate breadth continues to be bearish. Percentage changes (1 mth vs 3 mths) also indicates a similar scenario.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

SwingTrader wrote:

Updated sentiment & breadth charts (28.02.2014)

The recent short-term strength has not yet translated into any improvement in the intermediate term strength. Though short-term trend is strongly bullish, medium/intermediate term strength remains bearish.

OTM pcr rank and options sentiment continue to indicate bearish bias. Short term breadth is bullish but intermediate breadth continues to be bearish. Percentage changes (1 mth vs 3 mths) also indicates a similar scenario.

ST, good one. Once 3 mth % change has fallen from above 90 to below 50, it has never recovered in last >2 years without first going below 10%.

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

[quote="vinay28 ST, good one. Once 3 mth % change has fallen from above 90 to below 50, it has never recovered in last >2 years without first going below 10%.[/quote]

So, What does it mean Vinay? with respect to index direction.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

ok! thanks ....frustration for option buyers Smile

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

option buyers reaching good rewards..infact....

Please ST< can u post updated chart....i am perplexed to see how the sentiment cannot improve by today's move....and whether any of your signals for diagonal spread will get triggered on buy side "after what level"...pls update.. thanks....[the swing highs are being breached consistently]

SwingTrader · Posted: Tue Mar 04, 2014 8:08 pm Post subject:

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

IMHO, I am "expecting (hoping?)" the rank to go up and 3 mnth change to go down tmrw, giving first sign of an impending fall.

SwingTrader · Posted: Tue Mar 04, 2014 9:17 pm Post subject: