Factor Alert, July 16, 2018 — buy signal developing in Bitcoin
/by Peter BrandtWhat 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 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
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Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:
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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.
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Factor Update, July 15, 2018
/by Peter BrandtFactor Update, July 8, 2018 (released July 6)
/by Peter BrandtSoftware or tools to track and analyze your trades?
/by Peter BrandtFactor Alert, July 3, 2018 — Updated thinking on a couple of markets
/by Peter BrandtFactor Alert, July 2, 2018
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