NYA NYSE Composite Weekly Chart 40 MA Cross Cyclical Bull Market

The NYA moved above the 40-week MA at 10805 yesterday creating bull rocket fuel. Stocks are in a cyclical bull market if price is above the 40-week MA but in a cyclical bear market if price is below the 40-week MA. There was failure in October where the global central banks had to collude and coordinate to save the day. Then in December another failure which was saved by Fed Chair Yellen flapping her dovish wings at the FOMC meeting to save the day. Now more shakiness to start the year but the ECB steps in to save the day yesterday. You have to be blind if you cannot see that the central bankers control the markets.

The NYA is at 10829 in the bull camp creating broad market lift. Bears got nothing unless they push NYA under 10805 and if they do, stocks will begin dropping in earnest again. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 10:49 AM:  NYA drops to 10810. Each day is a new day of market drama. The 40-week MA is very important so price is coming down for a back kiss to show it respect and make a bounce or die decision. NYA 10812....... 

Note Added 10:54 AM: Big bounce. NYA 10827. Nothing to see here, move along, move along...

Note Added 1:51 PM:  NYA 10838. 

Note Added 3:04 PM: NYA drops to 10810 late in the session. Stocks are moving lower. The 40-week MA acts as a magnet. Time for another bounce or die decision. Will it bounce again?