Stocks continue to be “Oversold” under the downtrend channel of the 2022 bear market decline. Stock indexes are on the edge; if they continue to fall, the secular bull market will be in peril. Two secular upward trends are now being violated and must immediately be reversed to have the potential to be saved. One bullish hope is the emergence of “Green Shoots” in various breadth indicators. Two indicators are profiled.
Future episodes will focus on the ‘Power Charting Trend Model’, and here a trend model case study is profiled. Bruce will demonstrate how to identify long term uptrends and scans for finding best ideas. To conclude, Johni Scan profiles a scan for swing trades employing Rate of Change and MACD indicators.
Guest Host: Johni Scan ( John Colucci )
00:00 – Intro
01:48 – S&P 500 ETF (SPY) End Of Quarter
03:50 – Secular Uptrend S&P 500 ($SPX)
07:00 – Nasdaq 100 (NDX) Secular Uptrend
09:27 – Searching For Green Shoots
10:48 – Trend Model Case Study – Industrial Sector (XLI)
15:43 – Scan Criteria – Bruce’s Trend System
18:51 – Reviewing Scan Results
20:51 – F.N.B Corp. (FNB)
21:54 – Robert Half (RHI)
23:03 – Halliburton (HAL)
24:04 – Las Vegas Sands (LVS)
Connect with Bruce –
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyckoff/
Tweets by rdwyckoff
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