A weak market trying to hold its recent gains | stockbee

12/20/2011

A weak market trying to hold its recent gains


Breadth continues to deteriorate and at this rate might soon be in bearish territory. Stock continue to be under pressure and breakdowns on recent winners are piling up.



The news from Europe continues to be relentlessly negative. It undermines any bounce attempt, however short lived.

The sentiments continues to be bullish. All in all a weak market trying to hold its recent gains.

2 comments:

sudhakarc said...

Data for 12/19 seems to be wrong. There were at least 750 stocks which were down 4% yesterday.

Pradeep Bonde said...

Depends on how you calculate it. I use liquidity filter to eliminate low volume stocks.