Market getting toppy? Lots of bearish signals

28 באפר׳ 2020

I primarily use TDAmeritrade's thinkorswim platform to trade and I am starting to notice that their intraday data integrity is far better than Tradingview. I use thinkorswim to generate my morning alerts for "spikes" and the bars in the platform are very different from TV. Regardless, the number of alerts this morning gives me a hint that the market is getting a bit toppy today. I had 2 Limit order profits hit and closed 2 other bullish trades manually. I went short AZO and ALL on signals. Here is this morning's list for posterity. This many data points should yield some statistics on the signal.

AGN
ALL
AMGN
ANTM
AZO
BDX
BMY
BR
CDNS
CPB
KMX
CME
CMCSA
GLW
DHR
DRI
XRAY
ETR
FE
FCX
AJG
JKHY
HLT
INTU
IQV
LVS
LYV
MKTX
MMC
MDLZ
MCO
MOS
MSCI
NDAQ
PFE
PPG
PGR
DGX
ROST
CRM
SRE
NOW
STE
SYK
TMO
TRV
VRSK
DIS
XRX
ZBH