NDTW = the percentage of Nasdaq 100 stocks above their 20D Moving Averages NDFI = " " 50D MAs NDOH = " " 100D MAs NDTH = " " 200D MAs I noticed NDTW was at 1 for the first time since Covid bottom, where it only spent a week bouncing a round down there; but this is closer to the 2008 crash. So I examined that. When NDTW went under 5% in 2008 for the first ...
You can see the general decline over the year on the 100 Day Averages, despite the bullishness of the market indices.
This is a chart of various Moving Averages for NYSE(MM), QQQ(ND), & SPY(S5). TW = 20D MA FI = 50D MA OH = 100D MA I drew trend lines for the 3 different 100D TLs that all signal a general downtrend. Next year is gonna be wild.