March 1, 2021

Volatility Reports 3/1/2021

The bulwark of the bulls is strong breadth underpinning the advance but they are avoiding the chinks in their armor

There are a fair number of flaws in their arrangements anymore but the key one is based on work that goes back to the diffusion index used at MLPF&S and based on Norm Fosback’s “High Low Logic Index.

While the bulls had been focused on Advanced to Decline surges among other measures of buying momentum breadth, they have been lacking to the extent that based on several models that use price and/or time EXITS they are “off risk” based on these momentum surge signals running their course.

One of these exits is the diffusion index,

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