Milton W Berg: 7 Bullish Signals Other Than Breadth Thrust
Source: MB Advisors Institutional Research, Milton W Berg
$S&P 500(.SPX)$ , $SPDR S&P 500 ETF Trust(SPY)$ , $NASDAQ(.IXIC)$ , $Nasdaq 100 ETF(QQQ)$ , $DJIA(.DJI)$ .
Since 1973, in the $S&P 500(.SPX)$ , there have been a total of 19 bear market rallies greater than +7%. Of those 19, only 4 were greater than the current +13.32%. They came after declines of -51.93% -45.76% -36.77% -27.77%. Never gains ≥+13.32% after declines ≤-23.55%.
Since 1973 $NASDAQ(.IXIC)$ had 29 bear market Rallies. 6 greater than current +18.99%. +25% +44% + 41% +24% +35% and +19% rallies began after declines of -53.97%, -71.81%, -67.54%, -54.60%, -37.32% and -34.21%. Never a ≥+18.99% gain after a decline of ≤ -33.70%
Below are 7 bullish singals other than Breadth Thrust.
Notes: The Breadth Thrust Indicator is a technical indicator which determines market momentum, signaling the start of a potential new bull market. The idea is based on the principle that the sudden change of money in the investment markets elevates stocks and signals increased liquidity.
1: June 24, Day-5 Confirmation Off the low $S&P 500(.SPX)$ up >1% on increasing volume. Oversold on day of low 7-day A/D<0.31. Historical gains within 12 months 29.79%, 12.64%, 38.63%.
2. June 24 Day-5 Confirmation Off the low $S&P 500(.SPX)$ up >1% on increasing volume. S&P 500 upside Volume/downside volume 20/1. Historical gains within 12 months 38.63%, 22.63%.
3. June 24 within Day-4-7 past the low. $S&P 500(.SPX)$ up >1% on up volume. Oversold TRIN >2.2 within 5 days of the low. NYSE downside volume / upside volume 11/1 twice in four days into the low.gains within 12 months 22.67%,17.81%, 34.60%
4: June 24: $NASDAQ(.IXIC)$ 5-day gain >9%. S&P 400 5-day decline >-9%. 5 days ago: Reversal Buy signal. Gains within 12 months, 54.43%, 52.07%, 22.10%, 12.06%, 35.45%.
5. June 24: $NASDAQ(.IXIC)$ 5-day gain >9%. NASDAQ 5-day decline >in 350 days 5 days ago: Reversal Buy signal. Gains within 12 months, 38.63%, 13.94%, 22.10%, 37.96%.
6. June 24: day-5 Confirmation Off the low $NASDAQ(.IXIC)$ up >3% on increasing volume. Gains within 12 months, 51.35%, 22.67%, 38.63%.
7. July 19: Triple Upside Volime volume Signal. $S&P 500(.SPX)$, Thiurd 20/1 upside volume day in 20 days. Gains within 12 months 18.71%, 42.68%.
8. One More Bullish Indication other than "Breadth Thrust".
July 27: $NASDAQ(.IXIC)$ gains +4% on the day. S&P 400 88% of issues above 10-day Average. Gains within 12 months 28.67%, 17.55%, 42.68%, 49.88%, 19.09%. 1 failure in 2001.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
[呆住] [呆住] [呆住] [呆住] [呆住]