Lowry Research 1/7:
"the forces of Supply and Demand suggest the market is consolidating its gains from the Dec 24 2018 and June 4 2019 lows through this sideways trading rather than forming a significant topping pattern."
edgeandodds.com/smart-investin…
"the forces of Supply and Demand suggest the market is consolidating its gains from the Dec 24 2018 and June 4 2019 lows through this sideways trading rather than forming a significant topping pattern."
edgeandodds.com/smart-investin…
Lowry Research 2/7:
"Thus, the probabilities are this period of consolidation will be resolved to the upside through a rally that carries to new all-time highs. (…) Historically, breadth tends to lead price in moving to new highs."
"Thus, the probabilities are this period of consolidation will be resolved to the upside through a rally that carries to new all-time highs. (…) Historically, breadth tends to lead price in moving to new highs."
Lowry Research 3/7:
"Thus, if precedent holds, the new highs in the various Adv-Dec Lines reinforce the probabilities the market’s current sideways movement will be followed by a rally that carries the major price indexes to new highs in the months ahead.”
"Thus, if precedent holds, the new highs in the various Adv-Dec Lines reinforce the probabilities the market’s current sideways movement will be followed by a rally that carries the major price indexes to new highs in the months ahead.”
Lowry Research 4/7:
"much of this drop in the percentage of New Highs can be attributed to a rotation in market leadership, as buying has moved away from momentum stocks towards stocks that have been market laggards."
"much of this drop in the percentage of New Highs can be attributed to a rotation in market leadership, as buying has moved away from momentum stocks towards stocks that have been market laggards."
Lowry Research 5/7:
"much of the improvement in the Small Cap percentage has occurred over the past seven weeks, largely concurrent with the rotation among market leaders. Relative to their Sept. 5 levels..."
"much of the improvement in the Small Cap percentage has occurred over the past seven weeks, largely concurrent with the rotation among market leaders. Relative to their Sept. 5 levels..."
Lowry Research 6/7:
"the percentage of OCO Small Cap stocks near their highs has climbed, from 7.75% to 11.51%, suggesting an increased focus on small cap stocks."
"the percentage of OCO Small Cap stocks near their highs has climbed, from 7.75% to 11.51%, suggesting an increased focus on small cap stocks."
Lowry Research 7/7:
"Since small caps are typically among the weakest performers prior to and during the formation of a major market top, recent strength in this segment also suggests the market’s sideways movement should be resolved through a breakout rally to new highs."
"Since small caps are typically among the weakest performers prior to and during the formation of a major market top, recent strength in this segment also suggests the market’s sideways movement should be resolved through a breakout rally to new highs."
Similar to thoughts from Jurrien, shared a few days ago ICYMI:
