November 6, 2018: member-only market studies


Here are the member-only market studies.
Let’s analyze the stock market’s price action by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market going up on any given day, week, or month.

*Probability ≠ certainty.

Put/Call Ratio

As I mentioned in today’s free market study, the Put/Call Ratio is finally rolling over from an elevated level. When this happens, the S&P tends to bounce 2 months later.

Here’s what the Dow does next (historically).

Here’s what the Russell 2000 does next (historically).

Here’s what the NASDAQ does next (historically).

Breadth bouncing

As I mentioned in today’s free market study, we looked at breadth’s bounce off of an extremely low level. When this happens, the S&P tends to face short term weakness (i.e. retest)
 

Here’s what the Russell 2000 tends to do next. It seems that the Russell faces the greatest risk of short term weakness.

Here’s what the Dow tends to do next.

SKEW

As I mentioned in today’s free market study, we looked at the recent crash in SKEW. When this happens, the S&P tends to rally in the medium term.

Here’s what the Dow tends to do next.

Here’s what the Russell tends to do next.

Here’s what the NASDAQ tends to do next.

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