People Think Market Breadth Is So Good. Why Are the Breadth Indicators So Bad?
Rather than rely on anecdotal evidence, let’s take a look at what matters, the indicators.
Rather than rely on anecdotal evidence, let’s take a look at what matters, the indicators.
Let’s run through some of the concerns I have for the current state of the market.
The number of stocks setting new lows rises on the Nasdaq, while skyrocketing on the NYSE. Investors aren’t panicked, but they are showing concern.
Most stocks aren’t acting as well as the averages. But a break of the Nasdaq could be the thing to get stocks out of their slump.
Because it would help set the indicators up for a more reliable rally.
We got the bounce I expected, but a change in sentiment has me rethinking the next move.
I’ve been expecting a little oversold rally, but not with this level of concern.
The semis are wobbling and everyone is talking about Korea. No wonder we’re starting to see some concern. Just don’t call it panic.
Let’s discuss why sentiment readings have me ‘on edge’, what it would take for an oversold bounce, a formerly parabolic stock and much more.
That 12,000 level in the Semis that was once resistance is now support. Will it hold? Will the semis make way for the others to rally?