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).