The 50-day moving average

Most stocks are above their 50-day moving average.
Only two sectors offer some more room for their stocks to catch up with this trend.

And then there is this:

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Atlanta Pipeline Partners

I know, it's already some time we showed a chart that's interesting us. But what about this one?

We’re looking to Atlas Pipeline Partners (ticker: APL). The normal chart shows two averages crossing each other. Nice.

The renkochart is already showing the breakout.

Unfortunately, people and friends, this PC is not allowing me to paste the charts.... :-(

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Halliburton

After the huge blow-up on Monday we had some pause yesterday and it seems more has to come. But for the moment we think it will be rather a consolidation than a new attack of the bears.
We’re looking for some long set-ups.
If there is a rally coming, will this be a big one? No one knows, but there is a fat chance that some money of the huge sums governments are throwing to banks will find its way to Wall Street.
One picture we like is the chart of Halliburton

This is what we call bottoming…

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Government bonds in the US are not longer 'hot'

We have a bank crisis. And a strong dollar. But is there any flight to safety? No. The American Treasury bonds are not sought and declining in price. So the paper is sold in an era that the FED tries to organize so-called quantitative easing?
If we look to the 20+ year Treasury Bond Fund iShares, one will notice that the price of this fund is declining (so rates are going higher). An attempt was made to get out of the negative trend but unsuccessfully. The downtrend visible in the 60 minutes has now also become clear in the daily renko chart.

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The market is still overbought

The New York Stock Exchange (or NYSE) Summation Index gives an indication about the breadth of The NYSE index.
It ‘s a momentum indicator.

We can add a moving average convergence/divergence indicator in order to look for buy and sell signals.
The signals are generated by crossovers of the MACD and the control line which is nothing else than a 9 period average on the difference between a 12 en 26 day average.

This summation index was developed by Sherman and Marian McClellan and is derived from the number of advancing and declining stocks in a given market. In fact it’s the daily accumulation of an oscillator based on this principle.

Apart from the original method used by the McClellans other versions exist. We use the following formula:

Summation index = 1000 + (10%trend – 5%trend) – [(10 x 10%trend) + (20 x 5%trend)] where
5%trend = 39-day exponential moving average of (advancers – decliners)
10%trend = 19-day exponential moving average of (advancers – decliners)

This market is not in a good shape and way overbought. So be careful in the comingweeks/months as this overbought condition can be reversed

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