Market Breadth Update
Short Term Percentage of Stocks Above Their 20 Day EMAs in the Nasdaq, NYSE, S&P 500 Large Caps and S&P 600 Small Caps
Dipping below the mid ranges in each this week after breaking down from upper zone earlier in the month.
Ideal would be for all to reach lower zone for setups
US New Highs - News Lows moved back to neutral / negative territory on Friday with a close below the zero line, and the Nasdaq especially with a larger amount of new lows compared to new highs appearing.
The Advance Decline Line charts pulled back this week. NYSE still holding above its previous range, but Nasdaq fell back below its 50 day MA.
McClellan Oscillators & Summation Indexes have turned negative but Oscillators approaching the lower extremes. So watching for reversals.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.