Market Monitor
- The expected short squeeze arrived.
- Looks like barring DJ all other index are forming a small range here and action will be choppy.
- The volume and number of breakouts was low for the move to be meaningful. A 250 plus breakout would signal a week or two of strength.
- The stocks down 25% or more in 65 days is climbing and at 371, indicating deterioration in strength.
- The Dow Jones and large cap stocks continue to attract buyers.
- The "Value Gang" is on buying spree, so obviously they feel the market is not overvalued, while the perma bears continue to insist that it is. Who is smarter?
2 comments:
just found your site a few days ago...good stuff. i like the market monitor, but i have a suggestion - could you put the data into a graph to make it a little easier to see the trends? thanks for the work you do.
Thanks.
I am working on putting graph. It should be up and running in few days.
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