Notice how this indicator broke above the early 2010 highs and put a very nice spin on the Chandelier ATR Stop technique. Perhaps these two will work well together.  In contrast the picture on the broad based NYSE looks just a bit different:

Of course everyone knows the NASDAQ has been outperforming so these charts should be no surprise. Check out the advancing minus declining volume ($ Weighted) on:

• Other Indexes
• Morningstar Sectors

You may just be surprised by what you find.

Change is the law of life. And those who look only to the past or present are certain to miss the future.

- John F. Kennedy

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.  

To say overseas markets are flat might be considered an understatement: Nikkei 225 +0.96%, Hang Seng +0.09%, Shanghai +0.08%, DAX -0.05%, and the FTSE 100 -0.37%

At about 7:40 AM ET ahead of the Jobless Claims, the futures are roughly the same as overseas – Flat: Dow -6, S&P -2, NAZ -2, Oil +$0.07 and Gold -$2.00

have a great day!!

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Mr. Appel advice is, “There is only one buy rule and only one sell rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You sell when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 4%.“

If members are interested, it might make an interesting screen [Email me if interested]. Here is the Triple Momentum Screen against the 30 Dow Industrial Stocks.

A man is usually more careful of his money than he is of his principles.

- Ralph Waldo Emerson

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Overseas markets are as quite as quite can be: Nikkei 225 -0.04%, Hang Seng +0.00%, Shanghai -0.66%, DAX +0.16%, and the FTSE 100 +0.02%

At about 7:30 AM ET the futures are indicating flat openings: Dow +9, S&P +0.5, NAZ +3.8, Oil +$0.30 and Gold +$5.10

have a great day!

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However today we will look at one of Mr. Weinstein’s indicators, the 30 week highs minus lows:

You will notice a divergence going into the March ‘09 lows with the October ‘08 lows.  An apparent divergence appears to be building the other way at this point.

Here’s a picture of how this nice indicator behaved going into the end of the last bull market.

Looks similar does it not? Perhaps we need a sell as occurred in July ‘07, a retest and a sharp non-confirmation in the 30 Hi-Lo indicator.

Formal education will make you a living; self-education will make you a fortune.

- Jim Rohn

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Chinese markets are a bit better while the others are on the negative side today: Nikkei 225 -0.17%, Hang Seng +0.05%, Shanghai +0.52%, DAX -0.56%, and the FTSE 100 -0.71%

At about 7:30 AM ET on this one year anniversary of the bull market low, the futures are not celebrating: Dow -34, S&P -5.5, NAZ -8.3, Oil -$1.43 and Gold -$6.50

have a great day!

Looking at the Morningstar Sector Health Services (Medical Instruments & Supplies + Medical Appliances & Equipment + Health Care Plans + Long-Term Care Facilities + Hospitals + Medical Laboratories & Research + Home Health Care + and Medical Practitioners) and assuming the components are similar to the Dow Jones/Wall Street Journal components here is a chart of what the insiders are selling into:

Maybe tomorrow we’ll look at the two sectors with the most buying and see if the situation is opposite to Health Services.

If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

- Bernard Baruch

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Asia begins the week on a very positive note, Europe is flat: Nikkei 225 +2.09%, Hang Seng +1.97%, Shanghai +0.73%, DAX +0.09%, and the FTSE 100 +0.00%

At about 7:30 AM ET the futures are showing little if any change at all to begin the week: Dow +6, S&P +0, NAZ -1, Oil +$0.23 and Gold -$0.90

have a great day!