"EUA estão totalmente comprometidos com NATO e artigo 5.º", garante Rutte

[Ferreira o artilheiro]

Concordo com o que está escrito e apenas tenho a acrescentar que o ($NASI) é um bom indicador de confirmação, um pouco mais lento que outros.

Pessoalmente costumo usar como precursor o ($NAA50). É um indicador mais rápido, que nos costuma transmitir os sinais de uma possivel futura tendencia, antecipando os possiveis sinais do ($NASI).

Boa sorte

Nota: Também tenho a acrescentar que, não é necessário o ($NASI) estar abaixo dos -1000 para poder originar-se um rebound poderoso no mercado ( é sempre preferivel, mas não é uma condição ). É certo que quando este indicador cota abaixo dos referidos -1000, o mercado poderá estar muito perto de inverter a tendencia para alta.

[Camisa Roxa]

Last year on July 23, I pointed out an important indicator that was giving signs of a
bottom, known as the Nasdaq Summation Index. As investors start to ask me if we are
at a bottom yet, I like to return to indicators that have worked successfully in the
recent past, such as this indicator did last July.

The NASDAQ McClellan Summation Index ($NASI) looks at the gap between the number of
advancers and decliners on the Nasdaq, to give a net positive or negative number that
indicates how overbought or oversold the market on a given day. You can find this
indicator for free at the end of each day at www.StockCharts.com, one of the best
free charting services available.

A Nasdaq Summation Index under -1000 has often signaled the bottom for stocks. It
nailed the bottom in April 2001, while the September 2001 and December 2000 bottoms
went a little deeper to around -1200 before the bottom was in place. It also nailed
the July 2002 bottom and the more important bottom in October 2002. As you can see
currently we are at -595.62, so we are not nearly oversold enough based on this
classic -1000 threshold to get a truly lasting bottom here in this bear market just
yet.

I also plotted a couple of technical indicators on the Nasdaq Summation Index. I
plotted the Parabolic Stop and Reverse (SAR) method, using a 20-day moving average
with a .02 smoothing factor (the default StockCharts settings). The Summation Index
generally is quite trending, up and down, so a reversal in the SAR tends to signal a
change in trend in most cases.

In addition I plotted a Slow Stochastics indicator, with a 59-day %K and a 21-day %D.
As I noted last week in discussing the Bullish Percent indicator, when the %K line
(in black on the lower half of the chart) goes into oversold territory under the 20
level, it can stay oversold for a while. So you want to wait to buy the market once
the %K line crosses back over 20 to come out of oversold territory. Interestingly,
the crosses in the black %K line above and below the red %D line have been quite
effective at marking turning points in the Nasdaq the past two years.

The bottom line here is that while we are getting oversold, we again are not oversold
enough yet. As a result the short-term outlook remains bearish, until we hit more
extreme selling pressure or until we turn back out of the oversold region.

Nasdaq Summation Index

SUPPORT RESISTANCE
Nasdaq Composite 1310 1350
S&P 500 820 850
Dow Industrials 7820 8010