Ian Woodward's Investing BlogStock Market: See-Saw Stalemate
The hour is late, but for my International supporters especially in the Far East they would like to get a feel for what is occuring on this side of the pond. Bottom line is we are in Stalemate and bouncing up and down:
Let’s step back and put all that I do together using Impulse Indicators with both a Weekly and Daily Chart for the last few years. I have kept you on the right side of the Market with Eurekas, Phoenix and Kahunas Up and Down:
%B has flip-flopped either side of the 0.5 line these last 5 days, so Bulls and Bears are in a tug-o-war:
More of the same showing the Stalemate:
Although there was a three Bucket down followed by a two bucket down day two days later, we are near Stalemate:
…And here is the same thing using Accumulation and Distribution:
Last but not least, we are “All Quiet on the Western Front” with the VIX:
Best Regards, and Long Term Investors should keep your powder dry until this yin-yang settles down.
Ian.
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