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| Stabilization |
Over the past couple of weeks stocks have shown stabilization. Much of the damage that began in early August hit peak declines by mid. During this period there were a handful of days with significant breakdowns, but since August 23rd breakouts have been accumulating.
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| Breakouts/Breakdown |
The number of breakouts over this time period has been consistently positive and expanding more frequently to the upside than the down side.
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| 10 Day Buying - Selling |
Highs across multiple time frames have positive traction.
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| New Highs/New Lows |
After a period of flat lining the number of stocks in my 3 month momentum scan have shown a slight uptick.
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| Momentum Universe |
Ideally these metrics will continue to improve. Continued green shoots across multiple time frames. More breakouts than break downs. Expanding new highs. Expanding tradeable universe. The next piece of the puzzle to begin to determine aggressiveness in this market is to see the magnitude of moves over three months expand.
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| Expansion of Stocks > 25% over 3 Months |
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| Expansion of Stocks > 13% Over 6 Weeks |
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