Article provided by readtheticker.com

NYSE Margin Topping Pattern to Watch (RTT Plus)
Created on: 1/28/2021 1:34:51 AM

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...

..“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be.  The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..

Jesse Livermore


.."There is only one way to kill capitalism - by taxes, taxes, and more taxes"..


Karl Marx

..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..

John Templeton


..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”...

Paul Samuelson


Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.

Warren Buffett




Who is readtheticker.com: We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

RISK DISCLAIMER
The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities listed herein will remain in an account's portfolio at the time you receive this report. It should not be assumed that any of the securities holdings listed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable. In addition we do necessarily agree with or endorse any outside commentary within this newsletter. Third-party data providers make no warranties or representations of any kind relating to the accuracy, completeness, or timeliness of the data they provide and shall not have liability for any damages of any kind relating to such data.This material, or any portion thereof, may not be reprinted, sold or redistributed without the written consent of readtheticker.com. If you have received this electronic transmission in error, please notify us by email via readtheticker.com 'Contcact Us' page, Thank you.

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