• Investing
  • Stock
  • Economy
BigMoneyHall.com – Investing and Stock News
  • Editor’s Pick
  • Latest News
Stock

It’s Hard to Fight This Current

by February 17, 2023
by February 17, 2023

The market is currently topping because the Silver Cross Index (SCI), which expresses intermediate-term participation, is overbought and topping. A Silver Cross is when the 20EMA of a price index crosses up through the 50EMA. The Silver Cross Index shows the percentage of stocks in a market or sector index that have a made a Silver Cross. The SCI currently has a reading of 75 percent, having fallen from a top of about 80.

On the chart below we also have the source indicators for the Silver Cross Index. The Percent Stocks Above 20EMA reads 50 percent, and the Percent Stocks Above 50EMA reads 66 percent. If this configuration is maintained, the SCI will necessarily fall to about 66. Such a drop in participation will likely have a negative effect on price.

The Golden Cross Index (GCI) tracks the percentage of stocks in the index with a Golden Cross, which is when the 50EMA crosses up through the 200EMA. This is an expression of long-term participation. Currently the source indicators show the Percent Stocks Above 50EMA at 66 percent, and the Percent Stocks Above 200EMA at 66 percent. If this configuration is maintained, the GCI has no upside potential.

DecisionPoint tracks the Silver Cross and Golden Cross Indexes for 25 market indexes, sectors and industry groups, and we publish this table in the DecisionPoint ALERT weekly.

CONCLUSION: Deterioration of participation (the SCI) is likely to cause further price decay in the intermediate-term, which will likely see stalled long-term participation (the GCI) begin to decline as well.

Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2023 DecisionPoint.com

Helpful DecisionPoint Links:

DecisionPoint Alert Chart List

DecisionPoint Golden Cross/Silver Cross Index Chart List

DecisionPoint Sector Chart List

DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action. Current

0 comment
0
FacebookTwitterPinterestEmail

previous post
How to Improve Your Trading by Limiting Your Options
next post
Larger Pullback Could Be Forming

Related Posts

Risk-Neutral Market Gauges Ahead of Sunday Deadline

September 30, 2023

Beware of Shorts in EXTREME Cycle Lows For...

September 30, 2023

Stock Market Weekly Wrap-Up: The Charts You Need...

September 30, 2023

ChartPacks: The Quick and Easy Way to UNLEASH...

September 30, 2023

We’re in BIG TROUBLE If Large Tech Stocks...

September 30, 2023

Here’s Why the Nasdaq OUTPERFORMED Last Week

September 30, 2023

Your Burning Questions, Answered: FATE of TESLA &...

September 30, 2023

The Worst Month of the Year is Behind...

September 30, 2023

Crude Oil Disagreeing with the Canadian Dollar

September 29, 2023

Is it Possible for the S&P 500 to...

September 28, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • China escapes unscathed following world leaders UN summit: ‘Exhaustion has set in’

    October 1, 2023
  • Supreme Court prepares for new term by looking back, with likely impact on 2024 elections

    October 1, 2023
  • Who will be the next GOP presidential candidate to drop out of the 2024 race?

    October 1, 2023
  • Democratic lawmaker falsely claims House Republicans tried to ‘provide themselves with a pay raise’

    October 1, 2023
  • House adopts ‘clean’ stopgap funding bill possibly averting shutdown

    October 1, 2023
  • McCarthy’s speakership in peril after House passes stopgap funding bill: ‘Go ahead and try’

    October 1, 2023

Editors’ Picks

  • 1

    Heads Up: Bulls Get Benefit of the Doubt as Positive Breadth Divergence Emerges

    January 23, 2023
  • 2

    Pentagon says US detected third flying ‘object’ over Alaska a day before shooting down over Canada

    February 12, 2023
  • 3

    Importance of Data Masking Techniques in IoT Landscape: 2023 and Beyond

    January 23, 2023
  • 4

    US possibly scammed out of tens of millions by Wuhan Lab: reports

    March 14, 2023
  • 5

    Ted Cruz rips Buttigieg at CPAC: ‘What the hell does this guy gotta do to get fired?’

    March 3, 2023
  • 6

    Oil, Energy, and Related Stocks of Interest

    February 26, 2023
  • 7

    What Are Cash-Settled Options?

    February 23, 2023

Categories

  • Economy (13)
  • Editor's Pick (294)
  • Investing (77)
  • Latest News (3,024)
  • Stock (971)

Latest News

  • Biden’s pick for a top VA role faces tough Senate confirmation battle after scathing review

    September 10, 2023
  • Minnesota legislature passes ‘trans refuge’ bill opponents say would strip custody from non-consenting parents

    April 22, 2023
  • Durham to testify at House Judiciary Committee after finding flaws in Trump-Russia investigation

    June 21, 2023

Investing News

  • Fasten Your Seatbelts: Earnings Season in the Spotlight

    July 8, 2023
  • Republicans fume at Mayorkas over border policies at fiery House hearing: ‘Our constituents want answers’

    July 27, 2023
  • When the Market Moves, Think of Robots Pulling the Strings

    February 13, 2023
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions

Disclaimer: BigMoneyHall.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 BigMoneyHall.com. All Rights Reserved.

BigMoneyHall.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
BigMoneyHall.com – Investing and Stock News
  • Editor’s Pick
  • Latest News
BigMoneyHall.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
BigMoneyHall.com – Investing and Stock News
  • Editor’s Pick
  • Latest News

Disclaimer: BigMoneyHall.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 BigMoneyHall.com. All Rights Reserved.

Read alsox

Homebuilder Stocks are Soaring, But Is It...

June 22, 2023

MEM TV: Can the Markets Continue Higher...

July 15, 2023

Sector Spotlight: Sector Rotation Says Bull Market...

July 25, 2023