printpdfimage

NYSE Margin Topping Pattern to Watch (RTT Plus)
Created on: 1/28/2021 1:34:51 AM   Last Update: 1/28/2021 12:06:17 PM Posted by: RTT

nyse-margin-topping-pattern-to-watch-rtt-plusThe NYSE Margin data is 2 month delayed, but when it does arrive it still can show us what is going on.

PEAKS A, C, E, F, G shows near equal percentage move in price and margin this is confirmation of the move in both.


PEAKS B and D shows unequal performance, and based on the rule of 'effort vs results' margin was not support by price movement, which means something else was going, in short it is not demand, but more supply. If we get a repeat of this then this would be a huge warning of a top in 2021. Even though margin data is delayed 2 months we may be a heads up before price moves. You never now!


The measure used is Year over Year Percentage Change (YOY%) black and red lines.

You can watch this chart via RTT Dash-A within RTT Plus menu.


NYSE1






This chart below uses 8 month and not Year over Year. RTT believes this is misleading and stocks could move to 4500 on the SP500 with ease.



NYSE2



Divider




NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

..“What beat me was not having the brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play.”..

Jesse Livermore


After a question on how to become a better investor professional Mr Munger responded, ..“Read history, read history, read history."..

Charlie Munger

.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..

Mark Twain


.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..

Spike Milligan


In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Benjamin Graham




© Copyright 2022     www.readtheticker.com (or 'RTT')


Source URL: https://www.readtheticker.com/Pages/Blog1.aspx?65tf=4082_nyse-margin-topping-pattern-to-watch-rtt-plus-2021-01

Public Disclaimer