Last Updated: 23/02/2022

Market Update 22.02.22 - More trouble up ahead?

We do not want to have a bullish or bearish bias but rather use technical analysis and inter-market analysis to tell us where the market could be headed next. Let’s get started:


NYMO (NYSE McClellan Ocsillator) is a market breadth indicator. Previous corrections have shown that they were met with breadth thrust reading of -80 (dashed blue line lower graph). So far this recent down turn can still continue lower and move the negative breadth to the -80 readings before a significant low is in. With the current geopolitical tensions and concern about monetary tightening and a rising yield curve this can spark further fear in the markets.



SPX %of stocks above 50-day MA


SPX-percentage of stock above their 50-day moving averages