
NicoPottebaumJr
996 posts





27 stocks are 10x ATR or greater extended from the 50sma. 22 of them are Semiconductors!. What we are seeing is out of this world historic. $MXL $MRVL $AMD $AEHR $NVTS $INTC $ARM $ON $ACLS $VECO $STM $AMKR $POET $AOSL $ASX $MPWR $POWI $API $RMBS $TXN $COHU $ALAB





19 Names in my universe list are 10x ATR from the 50sma. Most since I've started tracking breadth. It was just yesterday when it looked like the market needed a little breather. This afternoon we get a false alarm in the after hours market and you saw how quickly things could unwind 1%+ $XLK $SMH are in power trends and there is no evidence to say we need to bearish. But I suspect, as I said a few days ago, chop sideways with a 2-3% pullback would be very healthy.



All metrics on this breadth panel tell us we are in high gear. $SPY $QQQ $IWM - 72% of the stocks on my universe list are above the 50sma. - Names up 13% in the past 7 weeks just tagged 4 digits. - Names up 25% for the month at 341 - Names down 25% for the month at 9 stocks - 16 names more than 10x ATR from the 50sma is the most I've seen since tracking breadth. Great data to study after turning points so we can learn what too washed out or too frothy looks like!












@PriceActionCat @PradeepBonde I’m curious about your color conditions — for example, on January 31st, 2025, 240 is colored light red when down 4%. And on February 18th, 2025, 240 is colored light green.“











