Markets picked up where they left off in 2022 with choppy action in the indexes and volatility around pivots leading to failures much more often than not. It remains a low-probability market. Futures are currently pointing to a gap-down tomorrow. The direction has yet to be decided this year, but breadth and market internals slightly improved today with net highs continuing on the NYSE and just barely starting on the Nasdaq. I’m in no rush to get involved yet. Setups are failing and the indexes are looking slightly ominous at make-or-break levels. With risk high and no real conviction one way or the other, I’ll be sitting out in absence of an excellent signal. Remember, in bear markets, the main goal is preserve capital rather than maximize gains.
Hey Dan, Great reports, it's really thorough information so thank you for all your time and effort! Where do you source the KMA data re rising/falling 5DMA etc within your index update, it's really useful information to be aware of! thanks again
Hey Dan, Great reports, it's really thorough information so thank you for all your time and effort! Where do you source the KMA data re rising/falling 5DMA etc within your index update, it's really useful information to be aware of! thanks again