Stock Market Oscillator: February 28, 2024

2024-02-28T22:20:31-05:00February 28, 2024|

Today's Reading for 2/28/24: 61.74 Current Reading: Tilting Bullish Additional Notes: Over the last three days the range has been within a 1/2 point on this oscillator. That indicates little to nothing is happening in this market worth acting on. Still barely tilting bullish here. Interpreting the Chart: 0-10 is [...]

Stock Market Oscillator: February 27, 2024

2024-02-27T23:44:08-05:00February 27, 2024|

Today's Reading for 2/27/24: 61.67 Current Reading: Tilting Bullish Additional Notes: Some catching up going on with the 4-day rotation into small caps and that's propelling all of the non-megacap-related sectors to push higher, and thereby improve the chart on the Stock Market Oscillator. Interpreting the Chart: 0-10 is "Extreme [...]

Stock Market Oscillator: February 26, 2024

2024-02-27T00:46:50-05:00February 27, 2024|

Today's Reading for 2/26/24: 62.23 Current Reading: Tilting Bullish Additional Notes: Signs last week that the oscillator wanted to break out of its range, finally materialized today. With the extent of the move in large caps, I still view this indicator as a significant divergence. Interpreting the Chart: 0-10 is [...]

Stock Market Oscillator: February 23, 2024

2024-02-25T15:14:37-05:00February 25, 2024|

Today's Reading for 2/23/24: 56.58 Current Reading: Neutral Additional Notes: Considering how long it has been stuck in the 40-60 range (more than a month), it indicates that while the indices are printing new all-time highs regularly, stocks as a whole have become very choppy and non-directional under the surface. Interpreting [...]

Go to Top