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Major Market Swing Signal (End of Day) Thursday 4-21-22

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76% of the Dow Jones is on an Upswing


63% of the S&P 100 is on an Upswing


42% of the Nasdaq 100 is on an Upswing


56% of all Three Indexes Top Holdings is on an Upswing


Notice the change from Wednesday (4-20-22)


The Dow Bullish Swing Percentage had an decrease of 10%


The S&P 100 Bullish Swing Percentage had a big decrease of 20% this changed the Swing to Bullish from Very Bullish Bullish


The Nasdaq 100 Bullish Swing Percentage had a big decrease of 27% this changed the Swing to Bearish from Bullish


All the Top Holdings Bullish Swing Percentage had a big decrease of 22% this changed the Swing to Bullish from Very Bullish


Notice that all three of the Categories had a substantial decreases in the percentage of Bullish Swings.


The market is now in a Bullish Swing according to our analysis but, the Major market seems to have 1or 2 days up then 1 or 2 days down with somewhat of large price swings.


This is a very choppy market and difficult for trend followers like us. So we will tighten our stops and reduce our position sizes


(It looks like the BULLS are still in control for now).


Thank You

BTA

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