Zander wrote:

Superpantz wrote:

Pete wrote:

I came up 100% dry on bullish lotto searches and I tried for a good 20 min to find one
when that happens it could be a sign that we’re not ready to move higher yet?

 Question I’ve been meaning to ask something related to this – how much can the quality of a SPY move be judged by the nature of the results returned in searches? If intraday RS searches mostly return stocks with bad D1 charts in downtrends, is that a sign that the SPY move up is mostly driven by short-covering instead of legitimate institutional accumulation, and more likely to retrace at any minute? 

View Answer

Answer If most of your searches are turning up stocks with weak daily charts that is a commentary on the strength of the market overall (or lack thereof)

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