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Major Market Swing Signal (End of Day) Tuesday 6-14-22

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The Major Indexes sold off again today but the selling was mild heading into the Interest Rate decision on Wednesday.


The PPI (inflation Report) came in a little high, but it did not affect the market much. Today the market continued the sell-off. The Nasdaq was the only index that closed in the Green but only by a little


The Recent selling was on heavy volume that is showing us that the large investors are getting out.


The Rally is now DEAD, but the Nasdaq had a 1st-day Rally attempt today. The earliest the Nasdaq could have a Follow-Through Day would be on Friday


The Other Major Indexes (DOW & S&P 500) is still waiting for a 1st Day Rally Attempt


The Indexes are still trading below all our key Moving Averages and pushing to the downside.


The percentage of stocks in a Bullish Upswing is very Low in all the Categories.


0% of the Dow Jones is on an Upswing


2% of the S&P 100 is on an Upswing


2% of the Nasdaq 100 is on an Upswing


2% of all Three Indexes Top Holdings is on an Upswing


The Advance-Decline Diff Invisible Chart Indicators are back in negative territory and telling us to be more in cash and move more to the sidelines


The Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy has now fallen back below the lower band of the Bollinger Band on all the Major Index ETF's (DIA, SPY, QQQ, IWM, and ITOT). We must now wait for a NEW Set-Up Week and Start the trading Strategy Over


There will be a lot of Economic reports and events coming out this week we must be very careful and we expect a lot of wide Price Swings


Wednesday 6-15-22 look out for Core Retail Sales and Retail Sales in the morning at 8:30 am. Then the Most important Fed Interest Rate Decision at 2 pm on Wednesday 6-15-22 then the Press Conference at 2:30. This could really move the Market Up or Down.


Thursday 6-16-22 we will get Building Permit Numbers and Initial Jobless Claims


Then on Friday, 6-17-22 Fed Chair Powell Speaks at 8:45 am


The BEARS are FIRMLY in control now. The Bear Market is now back in place


Thank You

BTA

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