Exploiting the edge from historical market patterns

Visit TraderFeed

Indicator Review for June 23rd

Posted on June 23, 2008

In the most recent indicator review, we looked at a number of signs of weakness, including an expanding number of stocks making fresh 65-day lows and weak money flows. This past week saw more of the same, as new lows once again expanded (top chart) and selling sentiment (NYSE cumulative TICK; bottom chart) continued its bearish trend. We're now testing March lows in the Dow Jones Industrial Average and nearing those lows in the S&P 500 Index. Interestingly, the S&P 600 small caps and S&P 400 midcaps are well off their March lows, as is the NASDAQ 100 index. These divergences help to explain...

Original article link


highs , lows , new lows , sp