August 17 2015

our daily Breadth......

WWIII rods from god?

False Flag?

any wagers?

Market Breadth

Issues	Number	%
Advancing	377	77
Declining	107	22
Unchanged	7	1
Total	491	100
As of Mon Aug 17, 2015 9:54 PM EDT

The fraction of the overall market that is participating in the market's up or down move.

Market Volume

Issues	Amount	%
Advancing	1,216,832,750	75
Declining	390,624,978	24
Unchanged	25,132,728	2
Total	1,632,590,456	100
As of Mon Aug 17, 2015 9:54 PM

The volume of today's trading that is participating in the market's up or down move.

New Highs and Lows

Issues	Number	%
52-week highs	28	6
52-week lows	12	2
Total	491	100
As of Mon Aug 17, 2015 9:54 PM

The number of stocks in the index reaching a new 52-week high or low today.

Special Interest: BRICSA

big analysis tool change coming next week

Brazil

 

Analysis -"when the blood is running in the streets it is time to buy" - Sir John Templeton

the aftermath of the Olympics,  possible piercing patten

Conclusion - trend line has not been broken but  an entry point is open

Action - Buy/accumulate trailing stop (not for the meek)

Russia

Analysis- L1 Grid Solitude (oversold) dead cat bounce will be followed by test for lows

Conclusion-testing trading range parameters

Action-Sell trailing stop

India

500 point box

Analysis- L1 Grid Frenzy (overbought), completed elliot 5 wave pattern and point and figure bearish reversal pattern

Conclusion: mixed signals do not provide clear direction

Action Hold no action

China

Analysis trend line break consolidation pattern , cup and handle pattern

Conclusion reversal from support would be positive

Action: sell trailing stop

South Africa

$ZADOW

Analysis L1 Grid normal (transition)

Conclusion lack of follow through indicates weakness

Action: sell trailing stop