Market MATH & Watchlist: 20-April-2025

Hard Money| Bias: Of a Pullback

MATH: Momentum Anticipation and Trend by Homma:

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MATH last week: Click the link

The most comprehensive article on Breadth and Anticipation:

The 3 bulls framework for situational awareness

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As technical traders, we

“Anticipate, but confirm. Wish, but only react.”

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Trend:

Short-term: “Percentage of stocks above 10/20-DMA”

Medium-term: “Percentage of stocks above 50-DMA”

Long-term: “Percentage of stocks above 200-DMA”

In the short term, we are extended (above 80%).

In the medium term, we are in the bullish zone (above 50%).

Still oversold in the long term (but making higher highs and higher lows).

Momentum:

Homma Mswing Score: (basal Momentum)

The momentum is still increasing and has been since Black Monday.

Landry Daily: (Momentum Bias for Swing Play)

Although basal momentum has increased, Strong momentum (Momentum for swing trading) is still sideways.

Landry Weekly (Momentum Bias for Positional Play):

Weekly momentum continues to languish at the bottom. Still making Lower Highs.

Therefore, shows that there is no reason to FOMO yet.

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Net4% Movers:

Bullish.

But Bullishness has been decreasing since the bounce off the lows.

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N50:

After breaking out of the key MAs with a bug Gap Up

It has now met the major resistance.

Now, above all the Key MAs (rising) and above the VWAP from the ATH.

A breakout will signal a major trend change.

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Anticipation:

So, we have broken out the key short-term MAs and are now at the previous High. How could things unfold next?

If we break out of this major resistance, it will signal a trend change, & my bias would turn bullish.

We are on the 7th day of the counter-trend bounce off the bottoms.

Short-term breadth is overheated.

Hence, I will be wary of a pullback.

Till the pullback comes, I will trust the bounce.

Hard Money for Swing Trading.

Positional bias is still NO money this week.

PS: Anticipations are often wrong, and biases should be adjusted after every candle.

If you dont know this already, I update my Market MATH every day on my website under the BREADTH section. Please check in every day post-market.

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Group Strength:

Sectoral:

Banks and Financials lead.

Defence is getting strong.

Index:

Indices paint the same picture.

Financials and Banks

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Watchlists:

Follow the Strongest Stocks (the RS 100 names; watchlists below):

Find Tightness candidates from Tandem Inside bars and Tandem Low ranges.

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Watchlist(s) below

Here is the video where I prepared my weekend Watchlist: (Link)