Market Monitor | stockbee

8/24/2010

Market Monitor



  1. Since a large selloff day on August11, 2010 the market breadth trends have been negative.
  2. That selling day ended a 10% bounce from close of July 1, 2010.
  3. The brief bounce had some of the momentum stocks making big moves.
  4. But a series of distribution days have resulted in market going back in range.
  5. This continues to be range bound scenario.

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