Market Breadth Update
Attached is the NYSE long, medium and short term moving average breadth charts and the NYSE Bullish Percent Index.
The short term moving average breadth charts continue to be where the noticeable action is currently, with all four moving to Bear Confirmed status during the week. The medium to longer term charts also dropped, but didn't made any status changes.
So the weighting for the major moving average breadth charts moves firmly to the bear side in the short term, with plenty of downside space to drop from. While the medium to long term continues to be on Bear Alert.
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.