+1x ATR(21 day) and -1xATR(21 day) breadth charts
S&P 1500
Stocks above +1x ATR level: 202 (13.47%)
Stocks below -1x ATR level: 405 (27.00%)
Continued improvement in the stocks above their +1x ATR level this week with it reaching a high of 26.40% on Wednesday, before pulling back to close the week at 13.47%.
The Stocks below -1x ATR level picked up a bit into week end, with 27% of stocks in the S&P 1500 below their -1x ATR level, and hence in short term down trend. So the overall weighting in the cumulative chart remains on negative side, but has been slowing.
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.