Scanning the Indicators

Each morning I scan a wide range of technical indicators covering the major exchanges in the US, Canada and the UK. As the markets ebb and flow, a range of bullish and bearish technical indicators provide valuable data for investors searching for clues as to the market's overall health and trend. Patterns emerge over time that tip the scale in either a bullish or bearish direction. Let's take a look. 

As of the close on Friday 7th September, the following bullish technical indicators triggered: 230 stocks made new 52-week highs, 11 made a bullish crossover of the 50 DMA above the 200 DMA, while 227 delivered parabolic SAR buy signals. On the bearish side, 323 stocks made new 52-week lows, 15 made a bearish crossover of the 50 DMA below the 200 DMA, while 543 delivered parabolic SAR sell signals. The indicators are starting to lean towards the bearish camp and I will be watching closely as new trends develop. I will be reporting more frequently on this Technical Indicator Scan in COTD updates in future. If you have questions on any of the indicators our would like to see specific charts on any of the indicators below, please let me know. 

At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader  investment strategies, please get in touch at brian@secureinvestments.ie or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.

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