NYA NYSE Composite Weekly Chart; Bulls and Bears Battle for Cyclical Market Control at the 40-Week MA

One of Keystone's important cyclical (weeks and months) market signals is the NYA 40-week MA cross. If the NYA is above the 40-week moving average, now at 12492, the bulls are whistlin' dixie as the stock market trends higher week after week month after month. If the NYA drops below the 40-wk MA, the stock market is in a cyclical bear market pattern with a sick malaise and pain and misery ahead.

The NYA ruptured the 12492 today dropping to a LOD at 12480. This activity created the lows of the session for stocks. The NYA then recovers back above so the bulls breathe a sigh of relief. This key battle will continue and must be monitored closely each day forward. It tells you the stock market direction that is preferred over the intermediate term ahead.

The bulls are working hard tonight piling up sofa's, chairs, desks and old tires to form a line in the sand at 12492. The bulls know that they are in big trouble if 12492 fails so they are fortifying this barricade of support to be as strong as possible. Today's LOD at 12480 is also key; if that fails Goodnight Irene, Irene Goodnight. This battle at the NYA 40-week MA will tell you a lot about the stock market direction 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.

Note Added Wednesday Morning, 5/15/19, at 5:21 AM EST: Bulls win on Tuesday with a relief rally. The NYA rallied higher the whole day so this the cyclical bull market signal remains.