Market in pullback mode after big rally | stockbee

6/22/2009

Market in pullback mode after big rally

Market Monitor Market in pullback mode
after a
big three month rally
TypeIndicatorValueComments
Daily# of Stocks Up >4% on high volume318A positive day. Need to see 500 plus
day to be aggressively bullish
Daily# of stocks down >4% on high volume 136
Primary# of stocks up >25% in a quarter2542
Primary# of stocks down >25% in a quarter437no major damage to breadth so far
Secondary#of stocks up >50% in a month20
Secondary#of stocks down >50% in a month2
Secondary#of stocks up >25% in a month154
Secondary#of stocks down >25% in a month24not climbing fast indicates sideways move Not much opportunity for shorting.
Primary fast MM 34/13 + 1828This ratio will be the first to indicate
breadth has turned negative.
Primary Fast MM 34/13 - 1272

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