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MarketCharts.com

@MarketCharts

Charts, backtesting, scanning and alerts, including breadth indicators for $SPX / $SPY, $MID / $MDY, $SML / $SLY, $NDX / $QQQ, $RUT / $IWM, ETFs and more.

ID:24247232

linkhttps://www.MarketCharts.com/ calendar_today13-03-2009 20:31:17

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Jonathan Harrier, CMT(@jonathanharrier) 's Twitter Profile Photo

$HSI $KWEB $FXI $MCHI
Hang Seng Index (Hong Kong) is now up 10 days in a row. N = 13 since 1964. Most were off big drawdowns (like now).

Avg 1 year return = 30%
Avg 1 year drawdown = -11%
Avg 1 Year max gain = 57%

Events listed below 👇

$HSI $KWEB $FXI $MCHI Hang Seng Index (Hong Kong) is now up 10 days in a row. N = 13 since 1964. Most were off big drawdowns (like now). Avg 1 year return = 30% Avg 1 year drawdown = -11% Avg 1 Year max gain = 57% Events listed below 👇
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MarketCharts.com(@MarketCharts) 's Twitter Profile Photo

The RSI(14) of the $SPX has taken the deepest dive relative to its monthly average in over 2 years, which is usually followed by bounces. $SPY

marketcharts.com/page/0c8debe5?…

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Jonathan Harrier, CMT(@jonathanharrier) 's Twitter Profile Photo

$HSI $KWEB
Near the end of January, over 50% of the 82 stocks in the Hang Seng Index (Hong Kong) hit a 52-week low.

N= 9 past 20 years
Avg 1-yr return later = 31%
Avg 1-yr drawdown = 15% (hit on day 24 on avg)

Brendan Ahern
Marcel Münch 🇨🇳📉📈
Brian Tycangco 鄭彥渊

$HSI $KWEB Near the end of January, over 50% of the 82 stocks in the Hang Seng Index (Hong Kong) hit a 52-week low. N= 9 past 20 years Avg 1-yr return later = 31% Avg 1-yr drawdown = 15% (hit on day 24 on avg) @ahern_brendan @_mm85 @BrianTycangco
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Jonathan Harrier, CMT(@jonathanharrier) 's Twitter Profile Photo

Getting a minor drawdown after more than 90% of $SPX components moved above their 50-ma should be expected. But it’s the underlying strength there in the first place that doesn’t just go away… usually bodes well for the following year.

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Jonathan Harrier, CMT(@jonathanharrier) 's Twitter Profile Photo

$SPY $SPX up 9 weeks in a row
Last was Jan-04 (down the next week)

Other streaks of 9 or more...
May-57 (got to 13 in a row)
Oct-58 (stopped at 9)
Feb-61 (9)
May-63 (11)
Jan-64 (9)
Dec-85 (12)
Sep-89 (9)

$SPY $SPX up 9 weeks in a row Last was Jan-04 (down the next week) Other streaks of 9 or more... May-57 (got to 13 in a row) Oct-58 (stopped at 9) Feb-61 (9) May-63 (11) Jan-64 (9) Dec-85 (12) Sep-89 (9)
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Jonathan Harrier, CMT(@jonathanharrier) 's Twitter Profile Photo

More than 90% of $SPX components were above their 50-ma twice in 10 trading days as if 12/26. Happened only 14 other times in the past 20 years.

The following month has historically been a bit weak but the following year is strong on average, w/ R:R significantly positive.

More than 90% of $SPX components were above their 50-ma twice in 10 trading days as if 12/26. Happened only 14 other times in the past 20 years. The following month has historically been a bit weak but the following year is strong on average, w/ R:R significantly positive.
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Brett Steenbarger(@steenbab) 's Twitter Profile Photo

Here is where I see unique opportunity in the market, and here is where I see opportunity in developing ourselves as traders: traderfeed.blogspot.com/2023/12/where-… Quantifiable Edges Barchart MarketCharts.com StockCharts.com

Here is where I see unique opportunity in the market, and here is where I see opportunity in developing ourselves as traders: traderfeed.blogspot.com/2023/12/where-… @QuantifiablEdgs @Barchart @MarketCharts @StockCharts
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Jonathan Harrier, CMT(@jonathanharrier) 's Twitter Profile Photo

Yesterday these 2 criteria happened:
1) The % of $SPX stocks above their 200-ma crossed above 25%
2) Fewer than 20% of $SPX stocks were above their 50-ma

N = 14 since 1985
See table for following returns 👇

Yesterday these 2 criteria happened: 1) The % of $SPX stocks above their 200-ma crossed above 25% 2) Fewer than 20% of $SPX stocks were above their 50-ma N = 14 since 1985 See table for following returns 👇
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