✅ UPDATE 5: Whaley Breadth SignPostThis is update 5 for the Signpost after the Whaley Breadth idea post in Feb'23
If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occurred only 12 times!
🛠️ INDICATOR
For my followers, I even made a special indicator for the Whaley Breadth here:
🆕 UPDATE
We are seeing constructive action from the SP500 and we can see that we are catching up with the 6month mark on the +17% from the bottom. This is very encouraging as the signal projects up to +28% as per the January Trifecta (look to my older notes to understand more). We are however running in some seasonal dormant period and it will be interesting how we are going to make the H2 2023.
Whaley
🟨 UPDATE 4: Whaley Breadth SignPostThis is update 4 for the Signpost after the Whaley Breadth idea post in Feb'23
If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times!
Based on the Whaley Breadth Post and January Trifecta we drew a potential map for the next 3, 6 and 12 months.
For my followers, I even made a special indicator for the Whaley Breadth here:
UPDATING:
We have had a strong rally up since our last update in May28. This has brought us very close to our signposts, but of course some of the deadlines have been missed. This is to say that we are moving in the right direction as per the historical indications but slower than the averages that I have used.
Make sure you check my previous posts about the Whaley Thrust as how they are developing.
❌ UPDATE 3: Whaley Breadth SignPostThis is update 3 for the SignPost after the Whaley Breadth Post.
If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times!
Based on the Whaley Breadth Post and January Trifecta we drew a potential map for the next 3, 6 and 12 months.
For my followers, I even made a special indicator for the Whaley Breadth here:
UPDATING we see that the SPX failed to follow the map on both the pullback and the expected 3 month gain. However, we also see that there is more tightening action than anticipated, rather than complete capitulation. The second pullback measures about -6.2% rather than the anticipated -5.5%. But rather than appreciating to +12% the SPX appreciated only +6%.
I would conclude that the current Whaley Breadth SignPost has failed on two accounts. Will continue to watch its development but so far it is not performing as expected.
✅ UPDATE 2: Whaley Breadth SignPost I am updating for 2nd time the SignPost after the Whaley Post.
Make sure you see the section related ideas under the main text to this idea. This will show you links with timestamps of the first time I wrote about it a month ago.
So far the action has been to the point of my expectations.
I will use this chart further on during the year to see how it moves.
✅ UPDATE: Whaley Breadth SignPostI am updating how we are progressing on the post I shared on 4th of FEB
So far the action is normal compared to historical precedents. Read the linked post.
My anticipation is that we can go another 3% lower from here.
I wil use this signpost as a map for the year unless we start getting large deviation from it.
🟩 Whaley Breadth Thrust Signal - SignPostsWhat can help us guide forward expectations?
According to the Whaley Breadth Thrust Signal there is Normal and Abnormal action
FIRST 6 WEEKS (end Feb)
- 3-5% pullbacks would be normal
FIRST 12 WEEKS (end Jul)
- Forward Gains are approximate 12%
- 5-6% pullback would be normal
6 MONTHS Forward
- Forward Gains are approx +17%
I HAVE MADE THE WHALEY BREADTH INDICATOR FREE FOR ANYONE WHO WANTS TO ACCESS IT. GRAB IT IN THIS LINK:
JANUARY TRIFECTA after a down year
- Forward Gains are approx. +28%