Market Breadth Shows Resilience Amid Volatility
Stocks demonstrate strength as breadth indicators align positively, signaling potential for continued upward momentum.
Portfolio Bias Statement
Portfolio Bias: remains LONG.
Global Read
Over the past five sessions, the NYSI has shown a slight upward trend, indicating positive market breadth. Volatility has eased, with the VIX decreasing by 0.12% and the RVX down by 3.93%. Participation has improved, with a notable increase in the NYAD.
Context of Change
The market breadth indicators have remained consistent over the last five days. On Sep 15, the NYAD was positive, and the NYSI showed resilience. The slight decline in VIX and RVX further supports the long bias, as these indicators have stabilized, suggesting reduced market anxiety.
Positioning Guidance
Open positions from the IMGELD long and short recommendations.
Shorts
Price below SMA150 or SMA200, ideally rejecting on a retest from below.
Prefer industries with IMGELD Industry Rate ≤ 40.
If above both SMAs, only short if 10–15% above, with rejection confirmed by Mogaleff Bands.
Longs
Price above SMA150 or SMA200, ideally confirming support on a retest from above.
Prefer industries with IMGELD Industry Rate ≥ 70.
If below both SMAs, only long if 10–15% below, with rebound confirmed by Mogaleff Bands.
Note: All stock candidates (longs and shorts) are sourced from the exclusive ImGeld Report (paid version), which integrates fundamental filters, industry strength and technical timing into a single selection framework.
Key Market Indicators
NYSI — McClellan Summation Index: Start value: 624.25, End value: 631.29, % change: +1.66%.
NYAD — Advance-Decline Line: Start value: 339.0, End value: 829.0, % change: +144.56%.
NYHGH — New 52-Week Highs: Start value: 170.0, End value: 148.0, % change: -12.94%.
NYLOW — New 52-Week Lows: Start value: 38.0, End value: 31.0, % change: -18.42%.
VIX — S&P 500 Volatility: Start value: 15.69, End value: 15.7, % change: -0.12%.
RVX — Russell 2000 Volatility: Start value: 23.19, End value: 22.18, % change: -4.35%.