Market MATH & Watchlist: 28-March-2025
Bias: A Higher low around the Key MAs
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”
In the short term, it reversed from the oversold zone.
Stalling in the medium term.
Still oversold in the long term.
Momentum:
After a steady increase last week, it has been sideways the entire week.
Landry Daily: (Momentum Bias for Swing Play)
Topped at the start of the week, meeting resistance at the descending trendline.
The decline has, however, been mild.
Landry Weekly (Momentum Bias for Positional Play):
After showing the 1st signs of reversal in weekly momentum last week, this week it has paused around the same level.
N50:
Reversed from the major pivot high.
Still, above all key MAs, and
getting tighter.
Net4% Movers:
Below 0 to borderline in the last 4 days.
Selling intensity has decreased by the weekend close.
Anticipation:
So, we are on the 3rd day of the downswing. How could things unfold next?
Although the upswing ended, the downswing has been mild, with tightness, with the downside momentum lacking.
It could be that we are yet to undergo a leg down.
Even then, the probability that the price will be supported by the key MAs with or without an undercut is high.
My bias, therefore, is the continuation of the uptrend.
It’s better to time the bounce rather than make anticipation entries, as the probability of a retest of the swing lows cannot be negated with certainty.
Positional bias remains 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 remains on Top.
Index:
Groups:
Watchlists:
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Intraday tradable names would be found on the Strong Start candidates every day:
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