Market MATH & Watchlist: 21-March-2025
Bias: A pullback and a Higher low.
MATH: Momentum Anticipation and Trend by Homma:
MATH last week: Click the link
The most comprehensive article on Breadth and Anticipation:
As technical traders, we
“Anticipate, but confirm. Wish, but only react.”
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”
Trending Up in all timeframes.
Bullish and into the overbought territory in the short term.
Momentum:
Major improvement in Mswing.
Landry Daily: (Momentum Bias for Swing Play)
Major improvement in the last 4 days.
Landry Weekly (Momentum Bias for Positional Play):
1st week of reversal in weekly momentum this week.
INDICES:
N50:
Trending Up in the short term.
Above all key MAs.
Approaching a major pivot high.
Net4% Movers:
Bullish for the last 4 days.
>10% print.
4.5R numbers are also highly bullish.
Anticipation:
So we are on the 4th day of the counter-trend upswing. How could things unfold next?
We are now trending up on the smaller timeframes.
Most indices are trending above all key MAs.
But still on a downtrend on the higher timeframes.
The bias is of the continuation of the uptrend.
But a pullback is anticipated.
When will that start? No idea.
Till the pullback starts, we trust the bounce.
After the pullback, I anticipate it to find support at the key MAs and the formation of a “Higher Low”.
Positional bias changes to HARD money this week.
PS: Anticipations are often wrong and bias 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.
Group Strength:
Sectoral:
Defense
Financials
Index:
Groups:
Defense, Financials.
Watchlists:
Follow the Strongest Stock (the RS 100 names):
Intraday tradable names would be found on the Strong Start candidates every day:
https://www.sakatashomma.com/scanners
Watchlist(s) below
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