This chart explains what I have been talking about on twitter.
Follow my nightly tweets at twitter.com/cperruna.
As I said in a recent response to a blog comment by Jeff: “The NH-NL ratio is showing some up-tick from the brutal beating it has taken recently. A positive shift will peak my interest. Not there yet.” I am keeping better watch lists because of the slow trend change in the chart below. We have a ways to go before we can start buying shares but very subtle changes are taking place.
Recent Tweets:
- The 10-d m.a for NYSE NH-NL ratio is now -3.4, highest it has been all year. Was -338.6 to start March & peaked at -478.5 six days later 35 minutes ago from StockTwits
- CXO – One to watch if this industry starts to move. Buy at 200d ma; 50d ma must cross above 200d – very positive. about 22 hours ago from StockTwits
- STAR – decent risk/reward to add shares near 200d ma. Keep an eye on accumulation vs. distribution (weekly). Short term target $18. about 23 hours ago from StockTwits
- V jumped into $57-$60 buy zone that I mentioned Tuesday. Resistance here at 200-d ma; 50-d ma still below 200-d ma – this must change 3:49 PM Apr 3rd from StockTwits
*Chart courtesy of DecisionPoint.com
Speak Your Mind