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Major Market Swing Signal (End of Day) Wednesday 2-15-23

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The percentage of Stocks in a Bullish Upswing for all Categories are


66% of the Dow Jones is on an Upswing


72% of the S&P 100 is on an Upswing


87% of the Nasdaq 100 is on an Upswing


78% of all Three Indexes Top Holdings is on an Upswing


The Swing has turned Bullish and Very Bullish for all the Categories this is positive, But I have some mixed signals right now with some of our other larger Swing Indicators they are still bearish.


I need to see the other larger Swing Indicators confirm the Major Market Swing Signal above before going long


The Market had some wild Swings today but nothing really changed. Also, I have not changed my views on the charts either


A picture is worth a Thousand Words


Nothing really changed on the charts Look at Tuesday 2-14-23 to see the chart and levels



Economic Reports



Thursday, February 16, 2023


@ 8:30 am Continuing Jobless Claims (This could be a market mover)


@ 8:30 am Initial Jobless Claims (This could be a market mover)


@ 8:30 am Jobless Claims 4-Week Avg (This could be a market mover)







@ 8:30 am PPI (MoM) (Jan)






Friday, February 17, 2023







The Bulls and Bears are fighting for control of the Market, but the market is in a Confirmed Uptrend. The Market Breadth is not looking that grea


Thank You

Rod

BTA







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