Market Internals Sell Signal Prior to Dec 3 Afternoon Selloff

Bycjrosen

I wanted to call attention to an article written today by the Fibozachi website entitled “It’s 3:27… Sell!” which was also republished at Zero-Hedge.

I’ll let the full post explain the charts, but the main idea is that market internals, including the Advance-Decline Line, UpVol – Down-Vol, and TICK started to make new lows on the session prior to the afternoon sell-off – attributed to the ISM Manufacturing data missing expectations… or a sell-off ahead of Friday’s “Jobs Report.”

A Look at Strength in Airlines Delta DAL and Continental CAL

Bycjrosen

A reader pointed out to me that there has been three days of strength in some of the major US Airline stocks including Delta Airlines (DAL) and Continental (CAL) and to a lesser degree in other airlines. I wanted to take a look at these stocks to highlight this strength and the overhead resistance levels that – if cleared – would be quite bullish indeed for airlines in general as we are in the midst of a holiday travel season.

The Declining Moving Averages of Market Internals Nov 29

Bycjrosen

I wanted to share a special chart I created for this week’s Weekly Intermarket Report which takes a moving average of two different measures of Market Internals which shows a specific non-confirmation of recent highs. Let’s take a look at these averages on the daily chart of the S&P 500 spanning back to the March lows.