Watch Europe | stockbee

11/11/2011

Watch Europe



Watch Europe



As of now market gyrations are driven by the European soap opera.

But besides that breadth thrust on bearish side is something to be aware of.



Breakouts after breakouts are failing.

More and more growth stocks and stocks with 6 month to a year momentum are breaking down. In most cases breaking down big.

The market will need breadth thrust to come out of this funk.

3 comments:

Unknown said...

On the breadth indicators, in general, and the shorter term indicators specifically, have you seen this type of "breadth-on", "breadth-off" behavior before? 2008? It makes it very difficult to trust the breadth indicators on the long side (which may be the whole point...)

Pradeep Bonde said...

A bear market rally can lead to that kind of situation.

Unknown said...

Thank you for the fast reply. It helps a lot.