The Short Term Picasso Cycle is still not yet in sync with the
stock market where it can be useful. So only the Long Term Picasso
Cycle will be discussed at this time.
This year the Picasso Cycle has helped us greatly in suggesting when we can expect a change in trend.
See the recaps below.
Long term
Suggested high on the LT
Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018.
Shortly thereafter, the stock market slide 10%+/-.
Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
October 1,2018 the Picasso Cycle suggested a high +/- and again this high
was confirmed by the daily and 180min charts. With an October 3,2018
high, the market dropped into October 29,2018 and Picasso helped side
step this correction and profit from it.
****************************
What is Picasso suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now a low around the end of Dec +/-. The Picasso Cycle, again, stopped on Dec. 20,2018 in the same way it did in January 2018.
Now we know that this cycle bottom on Dec 20th was only 2-3 TD's from the low on Dec 24th.
This does not preclude new lows between now and March 2019.
But it does suggest that if that were to occur that it "should" be a buying opportunity going into March 2019.
After the suggested Cycle low in December occurs it then
suggests a high in March 2019. This March 2019 high has been suggested
for some time now. So we need to give it time to develop. If it
changes as we get closer it will be noted here in a future post.
*****************************
***Keep in mind that nothing
works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This
has been posted for Educational Purposes Only.
Do your own work and
consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Thursday, December 27, 2018
Friday, December 14, 2018
Picasso Cycle Update
The Short Term Picasso Cycle is still not yet in sync with the
stock market where it can be useful. So only the Long Term Picasso
Cycle will be discussed at this time.
This year the Picasso Cycle has helped us greatly in suggesting when we can expect a change in trend.
See the recaps below.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December 2017 and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
This was posted on October 1,2018 and the Picasso Cycle suggested a January high and was just 2 weeks early. This gave us time to watch for the confirmed sell signal on daily and 180min charts.
Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
This was posted on October 1,2018 and the Picasso Cycle suggested a mid year low which was confirmed on the daily and 180min charts.
The Cycle is shifting again and it is currently suggesting a high around now +/- .
This was posted on October 1,2018 and the Picasso Cycle suggested a high around now +/- and again this high was confirmed by the daily and 180min charts. With an October 3,2018 high, the market dropped into October 29,2018 and Picasso helped side step this correction and profit from it.
****************************
What is Picasso suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now a low around the end of Dec +/-. Note that this same pattern occurred last year when the cycle first suggested a high near the end of November, then the end of December then finally mid January where it stopped cold and did not advance forward again. The stock market topped about two weeks later.
After this suggested Cycle low occurs it then suggests a high in March 2019. This March 2019 high has been suggested for some time now. So we need to give it time to develop. If it changes as we get closer it will be noted here in a future post.
*****************************
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
This year the Picasso Cycle has helped us greatly in suggesting when we can expect a change in trend.
See the recaps below.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December 2017 and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
This was posted on October 1,2018 and the Picasso Cycle suggested a January high and was just 2 weeks early. This gave us time to watch for the confirmed sell signal on daily and 180min charts.
Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
This was posted on October 1,2018 and the Picasso Cycle suggested a mid year low which was confirmed on the daily and 180min charts.
The Cycle is shifting again and it is currently suggesting a high around now +/- .
This was posted on October 1,2018 and the Picasso Cycle suggested a high around now +/- and again this high was confirmed by the daily and 180min charts. With an October 3,2018 high, the market dropped into October 29,2018 and Picasso helped side step this correction and profit from it.
****************************
What is Picasso suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now a low around the end of Dec +/-. Note that this same pattern occurred last year when the cycle first suggested a high near the end of November, then the end of December then finally mid January where it stopped cold and did not advance forward again. The stock market topped about two weeks later.
After this suggested Cycle low occurs it then suggests a high in March 2019. This March 2019 high has been suggested for some time now. So we need to give it time to develop. If it changes as we get closer it will be noted here in a future post.
*****************************
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Thursday, November 29, 2018
Picasso Cycle Update
The Short Term Picasso Cycle is still not yet in sync with the
stock market where it can be useful. So only the Long Term Picasso
Cycle will be discussed at this time.
This year the Picasso Cycle has helped us greatly in suggesting when we can expect a change in trend.
See the recaps below.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December 2017 and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
This was posted on October 1,2018 and the Picasso Cycle suggested a January high and was just 2 weeks early. This gave us time to watch for the confirmed sell signal on daily and 180min charts.
Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
This was posted on October 1,2018 and the Picasso Cycle suggested a mid year low which was confirmed on the daily and 180min charts.
The Cycle is shifting again and it is currently suggesting a high around now +/- .
This was posted on October 1,2018 and the Picasso Cycle suggested a high around now +/- and again this high was confirmed by the daily and 180min charts. With an October 3,2018 high, the market dropped into October 29,2018 and Picasso helped side step this correction and profit from it.
****************************
What is Picasso is suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now around mid Dec +/-.
After this suggested Cycle low it then suggests a high in March 2019. This March 2019 high has been suggested for some time now. So we need to give it time to develop. If it changes as we get closer it will be noted here in a future post.
*****************************
***This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019). It is widely known that the mid-term years are the best years for the stock market.
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
This year the Picasso Cycle has helped us greatly in suggesting when we can expect a change in trend.
See the recaps below.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December 2017 and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
This was posted on October 1,2018 and the Picasso Cycle suggested a January high and was just 2 weeks early. This gave us time to watch for the confirmed sell signal on daily and 180min charts.
Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
This was posted on October 1,2018 and the Picasso Cycle suggested a mid year low which was confirmed on the daily and 180min charts.
The Cycle is shifting again and it is currently suggesting a high around now +/- .
This was posted on October 1,2018 and the Picasso Cycle suggested a high around now +/- and again this high was confirmed by the daily and 180min charts. With an October 3,2018 high, the market dropped into October 29,2018 and Picasso helped side step this correction and profit from it.
****************************
What is Picasso is suggesting now?
The Cycle is shifting again from a low in late Nov / early Dec to now around mid Dec +/-.
After this suggested Cycle low it then suggests a high in March 2019. This March 2019 high has been suggested for some time now. So we need to give it time to develop. If it changes as we get closer it will be noted here in a future post.
*****************************
***This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019). It is widely known that the mid-term years are the best years for the stock market.
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Tuesday, October 30, 2018
SPY vs 10day sum of new highs minus new lows...
When the SPY makes a lower low while the 10day sum of new highs minus new lows starts to rise, the positive divergence is a clue that we should be on the watch for a trend change. This is what was happening until the 10day sum of new highs minus new lows just made a new lower low and we no longer have a positive divergence. So we have to wait for that to happen again. This "may" suggest that the market "may" not have made a bottom yet and there maybe more downside possible.
In the past divergences appear at most turns in the market. At the very least, the 10day sum of new highs minus new lows develops lower highs and lower lows at or near tops and higher highs and higher lows at or near bottoms.
Keep following @JustSignals using Twitter, StockTwits or Follow JustSignals on this Blog By Email.
Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
$SPX daily chart...
It appears like the stock market is in a "Fishing for a Bottom" mode.
We may experience some more chop while it starts to base build.
From a good base we may get a rally.
The Picasso Cycle updates may give use a hint when this might happen.
The last Picasso Cycle high was posted on 10/1/18.
Use this link to read it... https://bit.ly/2NeTjXx
See the last Picasso Cycle update for some information on this and continue to look for future Picasso Cycle updates when they are posted.
Thank you for following JustSignals !
Keep following @JustSignals using Twitter, StockTwits or Follow JustSignals on this Blog By Email.
Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Get more up to date charts and posts...
It is so easy to post on both Twitter.com and StockTwits.com that many charts and stock market comments that would ordinarily be posted here are posted on Twitter & StockTwits by @JustSignals
This, JustSignals blog will certainly continue to be used, but, less often and when multiple charts and more commentary is needed. For example, for the Picasso Cycles Update, etc..
Please use all three of these areas to follow JustSignals:
JustSignals.blogspot.com
@JustSignals at Twitter.com
@JustSignals at StockTwits.com
Thank you and I hope you continue to enjoy all of JustSignals posts!
Keep following @JustSignals using Twitter, StockTwits or Follow JustSignals on this Blog By Email.
Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
This, JustSignals blog will certainly continue to be used, but, less often and when multiple charts and more commentary is needed. For example, for the Picasso Cycles Update, etc..
Please use all three of these areas to follow JustSignals:
JustSignals.blogspot.com
@JustSignals at Twitter.com
@JustSignals at StockTwits.com
Thank you and I hope you continue to enjoy all of JustSignals posts!
Keep following @JustSignals using Twitter, StockTwits or Follow JustSignals on this Blog By Email.
Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Tuesday, October 9, 2018
Charts Updated: DIA SPY IYT
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
Yellow circle - Overbought/Oversold is Oversold
White circle - Price is still above the Moving Average
Green circle - Relative strength is at zero and still positive
Red Line - Falling from Overbought to Oversold while Relative Strength was getting more positive
Green Line - Rising Relative Strength while going from Overbought to Oversold
The DIA & SPY charts were standouts when reviewing the charts of DIA, SPY, IYT, QQQ, IWM, MDY, SLY. DIA & SPY showed the strongest Relative Strength. Currently, there maybe a flight to quality. That is, the market maybe selling small and mid cap stocks and buying large cap stocks. In addition, with interest rates spiking higher and bonds selling off, there maybe a shift from bonds to large cap stocks as well.
The charts mentioned above, with the exception of QQQ, were oversold by the ChaikinAnalytics.com method. QQQ was neutral.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Monday, October 8, 2018
STIX Stock Market Indicator
STIX indicator is the short-term index measuring the portion of the
advancing stocks in the total number of the stocks listed in a market
index. The STIX indicator is used in technical analysis to reveal
overbought and oversold level on the market (when applied to Exchanges)
and market sectors (when applied to market indexes).
Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.
Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.
Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
Comments by JustSignals
At the close, Friday October 5,2018, the STIX was "44.4"
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.
Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.
Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
- Most of the time the STIX indicator moves in the rage between 42 and 58;
- When the STIX indicator drops below 42 level it could be an indication of oversold market and it could be used as a signal to buy (except it is ranging Bear Market);
- The market is considered overbought when the STIX indicator raises above 56 (unless it is a new Bull Market);
- The market is considered strongly overbought and a "Sell" signal could be generated when the STIX indicator moves above 58 level (again, unless it is a new Bull Market).
| Overbought / Oversold Condition | STIX(21) Values |
| Extremely Overbought | greater than 58 |
| Fairly Overbought | greater than 56 |
| Fairly Oversold | less than 45 |
| Extremely Oversold | less than 42 |
Comments by JustSignals
At the close, Friday October 5,2018, the STIX was "44.4"
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
chart of JNK:TLH
 |
| Courtesy of StockCharts.com |
High Yield Bonds tend to keep pace with the stock market index.
10-20 Year Treasury Bonds tend to be the flight to quality during times of stock market volatility.
According to this chart, High Yield Bonds, currently, show stronger relative strength than the 10-20 Year Treasury Bonds.
Will this eventually lead to higher prices in the stock market?
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Monday, October 1, 2018
Picasso Cycle Update
The Short Term Picasso Cycle is still not yet in sync with the
stock market where it can be useful. So only the Long Term Picasso
Cycle will be discussed at this time.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
-Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
The Cycle is shifting again and it is currently suggesting a high around now +/- and then a low in late November / early December. After this suggested Cycle low it then suggests a high in March 2019. This March 2019 high has been suggested for some time now. So we need to give it time to develop. If it changes as we get closer it will be noted here in a future post.
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019). It is widely known that the mid-term years are the best years for the stock market.
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
-Looking out into 2018 the Picasso LT Cycle suggested a mid year low. This Cycle low came in late June / early July. The DJIA low at that time was marginally higher than the actual March low.
The Cycle is shifting again and it is currently suggesting a high around now +/- and then a low in late November / early December. After this suggested Cycle low it then suggests a high in March 2019. This March 2019 high has been suggested for some time now. So we need to give it time to develop. If it changes as we get closer it will be noted here in a future post.
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019). It is widely known that the mid-term years are the best years for the stock market.
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Thursday, September 27, 2018
Chart Updates: DIA SPY QQQ
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
The following chart shows the relative strength of several Index ETF's as of 9/26/18
 |
| Courtesy of ChaikinAnalytics.com |
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Wednesday, September 12, 2018
Chart Updates: SLY QQQ IYT SPY IWM DIA
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
The Overbought/Oversold indicator is highlighted by the green rrows. These charts appear to be somewhat oversold at this time. The above charts are as of the close on Tuesday Sept. 11,2018. These charts are nice and simple to read.
The following chart shows the relative strength of several Index ETF's as of 9/11/18
 |
| Courtesy of ChaikinAnalytics.com |
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Wednesday, August 22, 2018
STIX Stock Market Indicator
STIX indicator is the short-term index measuring the portion of the
advancing stocks in the total number of the stocks listed in a market
index. The STIX indicator is used in technical analysis to reveal
overbought and oversold level on the market (when applied to Exchanges)
and market sectors (when applied to market indexes).
Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.
Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.
Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
Comments by JustSignals
At the close, Tuesday August 21,2018, the STIX was "57.0"
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.
Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.
Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
- Most of the time the STIX indicator moves in the rage between 42 and 58;
- When the STIX indicator drops below 42 level it could be an indication of oversold market and it could be used as a signal to buy (except it is ranging Bear Market);
- The market is considered overbought when the STIX indicator raises above 56 (unless it is a new Bull Market);
- The market is considered strongly overbought and a "Sell" signal could be generated when the STIX indicator moves above 58 level (again, unless it is a new Bull Market).
| Overbought / Oversold Condition | STIX(21) Values |
| Extremely Overbought | greater than 58 |
| Fairly Overbought | greater than 56 |
| Fairly Oversold | less than 45 |
| Extremely Oversold | less than 42 |
Comments by JustSignals
At the close, Tuesday August 21,2018, the STIX was "57.0"
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Shooting Star Candle
 |
| Courtesy of eSignal |
BREAKING DOWN 'Shooting Star'
Shooting stars indicate potential price tops and reversals. The shooting star candle is most effective when it forms after a series of at least three or more consecutive rising candles with higher highs. As the price rises, buyers get impatient waiting for a pull back, and leap frog over one another to purchase shares. Eventually, the buying frenzy hits a peak as the last of the immediate buyers jump into the stock (or any financial instrument) in a greed-driven panic to mark the highest high of the preceding series of candles.
Psychology of Shooting Stars
The earlier buyers eventually begin to take profits, and short-sellers enter into the stock, causing an immediate price drop after hitting a new high. The candle closes with a wick or shadow that is at least twice the size of the body. The wick or shadow represents the buyers who are immediately under water as liquidity starts to dry up. This is the potential shooting star candle. The very next candle will confirm whether it is a shooting star or a continuation candle.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Tuesday, August 21, 2018
Chart Updates: QQQ IYT SPY IWM DIA
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Monday, August 20, 2018
Picasso Cycle Update
The Short Term Picasso Cycle is still not yet in sync with the stock market where it can be useful. So only the Long Term Picasso Cycle will be discussed at this time.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
-Looking out into 2018 the Picasso LT cycles still suggest a mid year low, BUT, the mid year low is is still shifting forward with the addition of new daily and weekly data. It currently is suggesting a low in late August/early September. When the cycle low stops shifting forward, like it did in January2018, that should indicate that a shift in the overall markets is near or in.
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019). It is widely known that the mid-term years are the best years for the stock market.
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Long term
As previously discussed, the LT cycles suggested a high in late November/early December and this suggested high on the LT Cycles chart kept shifting forward until it stopped dead on Jan. 17,2018. Shortly thereafter, the stock market slide 10%+/-.
-Looking out into 2018 the Picasso LT cycles still suggest a mid year low, BUT, the mid year low is is still shifting forward with the addition of new daily and weekly data. It currently is suggesting a low in late August/early September. When the cycle low stops shifting forward, like it did in January2018, that should indicate that a shift in the overall markets is near or in.
-This also coincides with the four year Presidential cycle (2017-2020) where there is usually a low in the second year, (2nd yr is 2018), and a high in the third year, (3rd yr is 2019). It is widely known that the mid-term years are the best years for the stock market.
***Keep in mind that nothing works 100% of the time!
The "key" is to be able to recognize when the second year low is in and when the third year high is in.
This will be watched carefully and an update will be made when the charts and cycles suggest that a bottom has been confirmed.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Tuesday, August 7, 2018
Chart Updates: DIA SPY QQQ IWM
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Wednesday, August 1, 2018
So when might this Bull end?
This year, the 2nd year of the Presidential cycle, and the Decennial Cycle seem to be playing out according to their scripts.
This bull market, as we have been hearing over and over again, is long in the tooth.
So when might this bull end? Below is a chart and some statistics that may offer some clues.
We have discussed the Presidential Cycle in past blog posts. So lets get right to the 2nd year which is where we are right now, 2018. From the low in the 2nd year to the high in the 3rd year there has been excellent gains over the past 100 years +/-. Below is the data for you to review.
As you can see the gains have been great.
Another Cycle to look at in addition to the Presidential Cycle is the Decennial Cycle.
This cycle shows that lows and or bottoms in the stock market have been made in the first half of the decade and highs and or tops have been made in the second half of the decade.
You can see this in the following chart.
Putting these two Cycles together, one might suspect that stocks may go higher into 2019 and that some sort of correction may commence and end in 2021-2023.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
This bull market, as we have been hearing over and over again, is long in the tooth.
So when might this bull end? Below is a chart and some statistics that may offer some clues.
We have discussed the Presidential Cycle in past blog posts. So lets get right to the 2nd year which is where we are right now, 2018. From the low in the 2nd year to the high in the 3rd year there has been excellent gains over the past 100 years +/-. Below is the data for you to review.
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| Courtesy of Stock Traders Almanac |
Another Cycle to look at in addition to the Presidential Cycle is the Decennial Cycle.
This cycle shows that lows and or bottoms in the stock market have been made in the first half of the decade and highs and or tops have been made in the second half of the decade.
You can see this in the following chart.
 |
| Courtesy of SeasonalCharts.com |
Putting these two Cycles together, one might suspect that stocks may go higher into 2019 and that some sort of correction may commence and end in 2021-2023.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Friday, July 27, 2018
STIX Stock Market Indicator
By www.marketvolume.com
STIX indicator is the short-term index measuring the portion of the advancing stocks in the total number of the stocks listed in a market index. The STIX indicator is used in technical analysis to reveal overbought and oversold level on the market (when applied to Exchanges) and market sectors (when applied to market indexes).
Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.
Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.
Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
Comments by JustSignals
At the close, Thursday July 26,2018, the STIX was "56.2"
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
STIX indicator is the short-term index measuring the portion of the advancing stocks in the total number of the stocks listed in a market index. The STIX indicator is used in technical analysis to reveal overbought and oversold level on the market (when applied to Exchanges) and market sectors (when applied to market indexes).
Description
The STIX (Short Term Index) was first time mentioned by Picton Davies in his "The Polymetric Report Stix Record Book" in 1985. It is based on comparison of the number of advancing and declining stocks.
Traditionally, STIX based on the Exponential Moving Average with 21-bar period setting applied to the advance decline issues ratio and it oscillates in the range from 0 to 100. On our index charts you may have custom EMA applied to the Advance/decline ratio.
Technical Analysis, Signals and Trading Systems
In technical analysis the STIX index is used to determine the overbought and oversold condition on Exchanges and on market sectors covered by indexes. According to the "Polymetric Report" when EMA with 21-bar period setting is used
- Most of the time the STIX indicator moves in the rage between 42 and 58;
- When the STIX indicator drops below 42 level it could be an indication of oversold market and it could be used as a signal to buy (except it is ranging Bear Market);
- The market is considered overbought when the STIX indicator raises above 56 (unless it is a new Bull Market);
- The market is considered strongly overbought and a "Sell" signal could be generated when the STIX indicator moves above 58 level (again, unless it is a new Bull Market).
| Overbought / Oversold Condition | STIX(21) Values |
| Extremely Overbought | greater than 58 |
| Fairly Overbought | greater than 56 |
| Fairly Oversold | less than 45 |
| Extremely Oversold | less than 42 |
Comments by JustSignals
At the close, Thursday July 26,2018, the STIX was "56.2"
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Saturday, July 21, 2018
Chart Updates: SLY IWM QQQ MDY SPY DIA
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
Note that each chart is more Overbought than at the last post on July 14,2018. The Overbought indicator is highlighted by the red circle.
Also the Chaikin Money flow of all the charts are weak. As you can see, some weaker than others.
Most CMF did not move up when the market moved up or they had a weak move up and failed to even reach the previous high.
This may turn out to be ominous in the short term.
In addition the DIA is still trading below it's moving average.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
Saturday, July 14, 2018
charts: DIA SPY QQQ IWM
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
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| Courtesy of ChaikinAnalytics.com |
 |
| Courtesy of ChaikinAnalytics.com |
Note that each chart is at or near Overbought indicted by the red circle.
Also the Chaikin Money flow of all the charts are weak. As you can see, some weaker than others.
Most CMF did not move up when the market moved up or they had a weak move up and failed to even reach the previous high.
This may turn out to be ominous in the short term.
In addition the DIA is trading below it's moving average.
Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage.
This has been posted for Educational Purposes Only.
Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results.
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