Subject: Market Conditions at the turn of the year
This is my personal dashboard of market conditions, using the simple indicators pulled from MI posts, Stockcharts and other sources.
As of the last couple of weeks pre-Christmas market action, the weathervane at -12 swung decidedly back to full bearish warning consensus. These conditions also indicate increased possibility for a near term bottom/bounce.
WEATHERVANE (US MKT) -12 Get Out/possible bottom
BEARS/TOP BULLS/BOTTOM SINCE/Last
Intermediate-Term
BearCatcher Nasdaq New Highs/New Lows Bear 8/26/22
BearCatcher SMA Slope, S&P 500 Bear 4/29/22
BearCatcher Dying Bullish Euphoria comb. Bear 5/24/22
BC Summary The Key 3 0
Momentum, Int # 26 week highs 1/4/22
Momentum, Int DMI Bear 11/26/21
Momentum, Int 10/50 Crossover Bear 12/16/22
Momentum, Int MACD Weekly Bear 12/23/22
Momentum, Int 26W / 52W Bear 12/15/22
Breadth, int PAMA Naz 50 Bear 12/6/22
Breadth, int Naz Bullish % Bear 10/28/22
Breadth, int S&P PAMA 200 Bear 8/6/21
Breadth Thrust Breadth Thrust OFF
Correction Mode >7% off last peak Bear 1/14/22
Timing, Seasonal MACD on RUT Bull 10/17/22
Interest Rates Corporate Bond Index Bull 11/25/22
Leverage, Macro Margin Debt to GDP 9/1/22
Short Term Top Warning 3
Momentum, ST MACD Daily Bear 12/9/22
Breadth, sterm PAMA20 Bear 12/9/22
Breadth, sterm PAMA5D %OFF 21dh Bear 12/9/22
Top, sterm PAMA Divergence Highs (expired 12/10/21
Top PAA Count (expired) 1/26/22
Top Recent Simple Top ' 11/19/21
Top Primary-Tech Divergence