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Posts Tagged ‘Summation Index

NYSE Summation Index ($NYSI)

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NYSI090712The NYSE Summation Index continues to move lower, signaling persistent selling pressure and broad market weakness. Until this indicator reverses and heads higher, the market will continue to liquidate, potentially taking us to the March lows. Stay defensive and manage your risks by cutting loses quickly.

Written by chucklesamadeus

July 12, 2009 at 10:20 pm

NYSE Summation Index

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NYSI090619Despite Friday’s positive close in the S&P 500, the NYSE Summation Index continues to fall from levels not seen since 2004. Until this chart reverses and begins making X’s, the S&P 500 remains a dangerous place for investment. As market breadth continues to weaken, the probability of a successful purchase decreases as fewer stocks are rising. Do not fight the trend and remain patient, the market is anticipating unmet expectations and negative surprises.

Written by chucklesamadeus

June 21, 2009 at 6:20 pm

NYSE Summation Index Looks Ominous ($SPX $SPY $ES_F)

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NYSI090513The NYSE Summation Index looks poised for a correction. The new red O indicates the 2 month uptrend has lost momentum. Investors should get defensive and exercise conservative risk management.

Written by chucklesamadeus

May 13, 2009 at 7:41 pm