Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Sunday, February 11, 2018
NYA NYSE Composite Weekly Chart; 40-Week MA Cross Dictates Cyclical Bull Market Versus Cyclical Bear Market
During the market excitement last week, on Friday, the NYA lost the key 40-week MA at 12240-12246, which will usher in a cyclical bear market. The bulls managed to rally stocks into the closing bell and the NYA recovers above the critical 12240-ish. Watch the NYA 40-week MA since it tells you a lot about the direction of the stock market ahead. 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.
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