Friday, October 12, 2018

NYA NYSE Composite Weekly Chart with 40-Week MA Cross; Equities Fall Into Cyclical Bear Market

One of Keystone's key stock market signals is the NYA 40-week MA cross which dictates whether the stock market is in a cyclical bull market pattern or a cyclical bear. This week, the NYA fails below the 40-week MA at 12800 ushering in a cyclical bear market for weeks and months ahead.

This is serious. Note the teases this year with the NYA proclaiming a cyclical bear only for the bulls to smack them around a little bit and resume the cyclical bull. The drop this week is more drastic. The NYSE Composite price is at 12350 which is 450 points below the critical 40-week MA. The bulls have work to do if they want to regain the good times.

For now, this is serious technical damage to the stock market and equities will trend lower for weeks, months and perhaps years ahead as long as NYA price remains below the 40. 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 4:15 PM: The NYA finishes the week at 12439 well below the critical 40-week MA at 12802. The stock market is in a cyclical bear market going forward (according to this tool). Note that the SPX 12-month MA cross signal indicates a cyclical bull market as the SPX fights at the 2747 level. One of these two indicators will flinch, joining the other, and firmly telling you the stock market direction ahead for the intermediate term.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.