Major Market Swing Signal (End of Day) Friday 5-27-22
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I have posted several videos on our New Youtube Page Analyzing Individual Stock and the Major Market Indexes. I will be posting several videos every day. It is much faster and easier to put them on YouTube. We will continue to put our Weekly meetings (Monday and Thursday only on the website).
Also, I will be doing updated videos regarding the Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy on the Youtube Channel
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The Market Rallied huge Friday. All the Major Indexes had strong Gains the indexes were up 2 and 3% on the day. We are now seeing almost all the stocks in each Category starting a New Bullish Upswings, most stocks are on the 2nd day of the UpSwings. The Categories are looking Extremely Strong under the hood now
96% of the Dow Jones is on an Upswing
95% of the S&P 100 is on an Upswing
98% of the Nasdaq 100 is on an Upswing
96% of all Three Indexes Top Holdings is on an Upswing
The Large Cap stocks are showing more strength than the rest of the market and it looks like we are seeing more stocks participate
The Our Breadth Indicators are really starting to improve
We got a FOLLOW-THROUGH DAY Thursday on the S&P500. Now we got the Green Light to start buying leading stocks in leading industry groups breaking out of sound base patterns
The Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy has now completed the Set-Up and Signal Phase of the strategy on all the Major Indexes ETFs (DIA, SPY, QQQ, IWM, VTI, and ITOT).
We are looking for the Pivot Week to complete the week of -31-2022 through 6-3-2022 and we will be possible adding to our long positions if it does. This is very Positive because we already got the Follow-Through Day
BTA Stock Watchlist Coming soon
The BULLS are in control for now and the Market is now on a confirmed Upswing