NYA update; slow and steady wins the race?

Line charts are a great way to assess the market since they reduce the day-to-day-noise by simple recording closing prices, which is perfectly in line (pun intended) with I.I.’s KISS principle (keep it super simple). Figure 1 below “broadens our view” so to speak, by first showing the DOW (only 30 stocks), the broader S&P500 (500 stocks) and…

Is the NYA trying to break out?

Last week I showed the two important bull/bear levels to watch on the NYA. See here. This week price climbed higher into Friday and looks ready to break out, but will it? Below is a chart of the NYA; from a trendline S/R perspective as the NYA has been unable to move much higher over the past…