[pcabc]

Major Pharma

While the index [1] I've been using where is in Stage 2, and looks like it might be topping the breadth has been looking like Stage 4 for a while.  However, my aggregate long term score [B, grey] has, after a dip, risen to a positive level.  Looking at this more, the % stocks above the 20, 50 and 200 day EMAs [11, 12 & 13] and the Silver Cross index [14] are rising.  Looking at the stocks this was calculated from, with a few exceptions it looked like a number were moving into Stage 1.  So this might be an area to keep an eye on.