Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Silver Cross Index is Topping on Broad Market Indexes

by January 5, 2024
January 5, 2024
Silver Cross Index is Topping on Broad Market Indexes

(Below is an excerpt from the subscriber-only DecisionPoint Alert on DecisionPoint.com for Thursday, 1/4):

Most are familiar with what a “golden cross” is, a 50-day MA moving above the 200-day MA. Today we will talk about a “silver cross”. A “silver cross” is when the 20-day MA crosses above the 50-day MA. Stocks with a 20-day MA above the 50-day MA have bullish biases in the intermediate term.

We came up with the Silver Cross Index which measures how many stocks have a silver cross or a bullish IT bias. When the Silver Cross Index is above its signal line, we have a bullish IT bias.

Thursday the Silver Cross Index for the S&P500 topped and we noticed it wasn’t the only one. In the chart below you can see that the Nasdaq and NYSE Silver Cross Indexes also topped.

Here is a chart of all of the market indexes we cover. You can see that all but the Dow Industrials and OEX have topped. The Dow and NDX held the same readings, but both look toppy.

Conclusion: While the intermediate-term biases remain bullish given the Silver Cross Indexes are above their signal lines, deterioration is being detected and should keep us alert to broader weakness within the market.

Learn more about DecisionPoint.com:

Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!

Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 at checkout!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

DecisionPoint Alert Chart List

DecisionPoint Golden Cross/Silver Cross Index Chart List

DecisionPoint Sector Chart List

DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

0
FacebookTwitterGoogle +Pinterest
previous post
Add Happiness To Your Portfolio With a Sprinkle of Disney Stock
next post
Growth Stocks Drop Again — and That’s Just the Beginning?!?

You may also like

SELL The News! NVDA Trades Lower After Strong...

August 24, 2023

Gold Prices: De-Dollarization, Inflation, and $3,000 Gold—What You...

January 14, 2025

Moving from Thrust Signals to a Bull Market

May 23, 2025

These Groups Just Turned BULLISH!

August 19, 2024

Buy Breakout or Fade Divergence on Growth Stocks?

March 29, 2024

BIG SURPRISE (Not)! The Fed Does Exactly What...

July 26, 2023

MEM TV: Bullish Week Provides Perfect Setups!

September 2, 2023

Top 10 Charts to Watch for February 2025

February 7, 2025

Expect A Very Strong Earnings Report From This...

July 6, 2023

How Markets Really Work

February 1, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • FAST distribution and IA

      June 7, 2025
    • Why Independent Digital Platforms Are Gaining Ground Among UK Entrepreneurs

      June 7, 2025
    • Is Decentralisation the Future of Online Services in the UK?

      June 7, 2025
    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved