Downside breakouts continue to exceed upside breakouts by wide margins. The 100% plus list and stock up 50% or more is rapidly dwindling but has not yet reached extreme zones. So market continues to be bearish and short strategies continue to work.
Watch the IBD largest holding of growth and value fund list carefully. AIG and UNH are attracting buyers. The two sectors might be worth keeping an eye on for flight to safety trade.
Total 4% plus bullish breakouts=42
Total 4% plus bearish breakouts=186
65 day bullish/bearish ratio= 583/355
Stocks up 50% or more in a month=7
Stocks up 25% or more in a month=46
Number of stocks with 100% plus move =261
Number of stocks up 200% or more = 54
4% plus signals for 100plus universe=7
4% plus signals for 200plus universe=2