We have gone in to a correction/pullback phase in the market

	Market Monitor

Type	Indicator	Value
Daily	# of Stocks Up >4% on high volume	112
Daily	# of stocks down >4% on high volume	84
Primary	# of stocks up >25% in a quarter	3087
Primary	# of stocks down >25% in a quarter	409
Secondary	#of stocks up >50% in a month	34
Secondary	#of stocks down >50% in a month	1
Secondary	#of stocks up >25% in a month	230
Secondary	#of stocks down >25% in a month	48
Primary fast	MM 34/13 +	2409
Primary Fast	MM 34/13 -	1278

The best part of the bullish move was from March 10 th to May 6th. That period was the most profitable period. During that period breakouts and EP had immediate follow through.
Since 6th May we have seen number of negative days an d ratio of negative days to positive days is 50:50.
We have gone in to a correction/pullback phase in the market.
The correction at this stage looks orderly and most stocks which made a big move are having a orderly pullbacks.
The correction is not getting reflected in the primary indicator.
Primary indicator at 3087/409 currently shows that the breadth is overwhelmingly positive.
But because the market is not making upside progress b/o do not necessarily follow through.

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