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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

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