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Major Market Swing Signal (End of Day) Tuesday 4-19-22

Shurodb
This content and any associated materials are for informational, educational, and entertainment purposes only and nothing should be construed as a recommendation or rating to buy, hold, or sell any securities. BTA is not a licensed Adviser and can not give financial advice. Please see our Disclaimer on the Website




66% of the Dow Jones is on an Upswing


64% of the S&P 100 is on an Upswing


59% of the Nasdaq 100 is on an Upswing


60% of all Three Indexes Top Holdings is on an Upswing


Notice the change from Monday (4-18-22)


The Dow Bullish Swing Percentage had a huge increase of 30% this changed the Swing to Bullish from Bearish


The S&P 100 Bullish Swing Percentage had a huge increase of 22% this changed the Swing to Bullish from Bearish


The Nasdaq 100 Bullish Swing Percentage had a huge increase by 30% turning the Swing Bullish from Bearish


All the Top Holdings Bullish Swing Percentage had a huge increase of 25% this changed the Swing to Bullish from Bearish


Notice that all three of the Categories increased dramatically from 20% to 30% compared to Monday, turning everything Bullish. This caused BTA to exit almost all our Short Positions. This was a very Strong move under the hood as the Major Indexes rallied


The market is now in a Bullish Swing according to our analysis (It looks like the BEARS may have just lost control)


We just want to see another day of follow-through, and then we will only be looking to go long while the Major Swing Signal is Bullish


Thank You

BTA

 
 
 

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