Momentum Monday – I Like Saying Breadth Thrusts…And Is Bear Market Bottoming?

This post is by Howard Lindzon from Howard Lindzon

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Good morning…

There was lots of talk last week of a ‘bottom’.

If we have bottomed…fantastic. There will be lot’s of gains in the future.

What I do not want to do is chase stocks when the indexes are below the 200 days moving averages.

As always, Ivanhoff and I got together to discuss the markets, some ideas, where we think the markets are at, breadth thrusts and some interesting charts. You can watch/listen right here on YouTube (subscribe on YouTube and you will get an alert each weekend). I have also embedded it below on the blog:

The data on ‘breadth thrusts’ is really good and I have enclosed it here from Krinsky:

One good piece of evidence for a continued rally is the bearish sentiment which I talked about in the show – have a look.

A couple other links:

Here is Charlie’s ‘This Week In Charts‘.

Charlie’s 9 chart Friday.

Stocktwits weekly Momentum Lists.

Here are Ivanhoff’s thoughts:

We see more stocks from various sectors setting up. This season, the market reaction to earnings has been predominantly positive – many names didn’t sell off after missing (Read more...)