Major Market Swing Signal (End of Day) Monday 4-25-22

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13% of the Dow Jones is on an Upswing

8% of the S&P 100 is on an Upswing

4% of the Nasdaq 100 is on an Upswing

6% of all Three Indexes Top Holdings is on an Upswing

Notice the change from Friday (4-22-22)

The Dow Bullish Swing Percentage had a small increase of 3% the Swing remains Very Bearish

The S&P 100 Bullish Swing Percentage was unchanged the Swing remains Very Bearish

The Nasdaq 100 Bullish Swing Percentage was unchanged the Swing remains Very Bearish

All the Top Holdings Bullish Swing Percentage was unchanged the Swing remains Very Bearish

Notice that all three of the Categories basically remained unchanged. The major market Indexes traded up yesterday, but nothing really changed under the hood this is a clue that the market is still weak

The market is now back into CORRECTION and we have to wait for a Follow-Through Day to give us the green light

This is a dangerous time to trade, and keeping more cash on the side may not be a bad idea until we get the Follow-Through Day

This is a very choppy market and difficult for trend followers like us.

Thank You

BTA