Market MATH & Watchlist: 26-Jan-2025
Bias: Neutral to Bearish
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-DMA”
Medium-term: “Percentage of stocks above 50-DMA”
Long-term: “Percentage of stocks above 200-DMA”
Downtrending in all timeframes.
Momentum:
The Mswing score and Landry Score.
There is no improvement in momentum yet.
Landry:
N50:
It is still supported at the previous low by the AVWAP from October 2023 lows.
Below all key MAs with the overall bearish structure still intact.
N500:
Very similar to N50.
Bearish and below all key MAs.
Net4% Movers:
No real buying pressure was visible throughout the week.
Closed weak.
Anticipation:
As anticipated last week, the oversold rally was cut short by a slap from the 10DMA.
The breadth is back inside the oversold region again. I anticipate it getting more oversold which would follow an oversold bounce (again).
The overall structure is still bearish (lower low & lower high). The trend is bearish and momentum is nowhere to be seen for now.
Therefore my bias remains bearish in the medium term and bearish to neutral in the immediate term.
PS: Anticipations are often wrong and bias should be adjusted with every candle.
Group Strength:
The strongest groups:
Index: NA
Groups: NA
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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