‘NYSE Composite’ Archive

This is usually a healthy sign for broad markets!

CLICK ON CHART TO ENLARGEĀ  The above charts are two different ways to look at the Advance/Decline line on the NYSE. The chart on the left is the typical version, which is “all issues” on the NYSE. This has been the most common way to look at the A/D line for years. Some have said […]

Two-Thirds chance NYSE topping pattern in play

  CLICK ON CHART TO ENLARGE Is the NYSE creating a “Giant Topping” pattern? Rising wedge patterns lead to lower prices around two-thirds of the time. At this moment, a top is not proven! For sure I do respect the potential that a rising wedge pattern could have some impact in the near future on […]

Massive bullish wick takes place this month, at 5-year support!

  CLICK ON CHART TO ENLARGE Bullish wicks/reversal patterns are usually good for any asset. When a wick takes place at a key support line, it is often even a better sign. The above monthly chart of the NYSE highlights that a large bullish wick at key support drawn off the lowest monthly closing price […]