glgene
616 posts
msg #158776
- Ignore glgene |
3/10/2022 12:15:10 PM
Ed,
Do you know if IBD — when reporting New Highs for the day — are referring “Intraday” new highs or “EOD new highs?
Gene
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nibor100
1,031 posts
msg #158789
- Ignore nibor100 |
3/11/2022 1:34:29 AM
@Gene,
It probably depends on which of the many IBD products you are looking at and the time of day that you are looking and I don't know for sure for any of them.
It seems to me that on most daily charts, one of the intraday highs for a day prior to the current trading day ends up being the EOD high for that day, so in essence all EOD highs are/were an intraday high of some kind.
It is always a small conumdrum: Take note of 52 week high prices even though most of our technical analysis centers on daily Close and Open prices.
Ed S.
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glgene
616 posts
msg #158817
- Ignore glgene |
3/14/2022 6:46:33 PM
Here's my latest update (and revised script) to this 52-week high thread. Columns I added to my original script (from left to right) include:
1-2) Sector and Industry -- Helpful with stocks.
3) RSI(14) -- Show overbought & oversold info, eg., [70(ob); 30(os)]. Includes the full spectrum of RSI(14) numbers, naturally.
4) The SORT column is still based on "Today's (closing) price / 52-week high." Take today's (3/14) top one shown -- MCK, which finished at 99.96. That means the closing price of $284.85 is 99.96% of the new 52-weekly high of $284.96 (which, coincidentally, took place today; look for the "0" in the next column.
5) # Days since 52-week high -- "0" means a new 52-week high took place today. "1" means yesterday, and so on. We go one year back, to match the 1-year chart. CAUTION -- For some reason, I get several "-1" numbers in this column??! I can' figure that one out! Any help would be appreciated. I have been told that pesky "-1" number has cropped up before in some SF scripts. ? Note: There were 9 new 52-weekly highs today (3/14) in SP500 stocks. Look for the "0."
6) 13ema / 48ema. -- An alternative to using the 50-day MA cross. I now show both. Take your pick. The 50-day MA is shown over the price chart. The 13e/48e graph is separate. A 100.00 line is shown to represent the where a 13/48e cross would occur.
Many thanks to Xarlor for starting this thread. Without his original idea, I would not have thought about the possibility of this project. You can still search on his original broad market ETFs (look at the Symlist of symbols near the top of the script shown below).
A big thanks to Nibor100 (Ed S.) for his valuable contributions. He's the person who gave me the idea for a separate column showing the # of Days Back from a new 52-week high. Thanks to Snappyfrog (13/48 cross) and Davesaint186 (more info on 13/48 cross).
Below is the revised script. I'm using the 'SP500' stocks for this example. Look at the script for other searches.
-- Gene in FL
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sr7
137 posts
msg #158819
- Ignore sr7 |
3/15/2022 3:33:43 PM
(Snappyfrog)
Yeah that's a good one, it shows that the S&P went bearish in mid-January, and it's been bearish ever since. That's also when the Macd crossed below the 0 line, too.
I guess you could say when the Macd crosses above the 0 line and the ema(13) crosses above the ema(48), the s&p goes bullish, but I believe that won't happen for another month, it has to hit bottom first.
Here are some articles I found about the S&P Death Cross over at Yahoo finance today:
Today:
https://finance.yahoo.com/m/a19a334a-1ad7-3137-8047-da2661a72198/the-s-p-500-just-hit-a-%E2%80%98death.html
Yesterday:
https://finance.yahoo.com/m/cf389aef-6233-3b7c-94d9-0e93eda4e91e/stock-market%E2%80%99s-monday-rally.html
https://finance.yahoo.com/m/f88bedff-2eab-34a0-ab26-d41224b778da/s-p-500-marks-1st-death-cross.html
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sr7
137 posts
msg #159045
- Ignore sr7 |
5/10/2022 5:45:47 AM
Those were monster moves to the downside; notice that back in the middle of March, the S%P skyrocketed upward for 2 straight weeks.
BUT the 50 day Moving Average said: "No, I think I'll stay down here under the 200-day ma.
And the S&P said: "Alright, I guess I'll come back down again, since you're the boss."
And the S&P fell back down under the 200ma. Remember that when the S&P and 50ma are below the 200ma, that means the market is bearish.
But when the S&P and 50ma are above the 200ma, then it means that it's in bullish territory.
By the way, all of this talk about a rising inflation and a mild recession for next year (experts say) isn't helping any.
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