Chinese Stocks resume rally
- Chinese stocks have started to rally .
Market Monitor Market monitor is market breadth based market timing tool | Current Readings Market in correction. | ||
Type | Indicator | Value | Comments |
Daily | # of stocks up >4% on high volume | 394 | 55 stocks with 100 million plus dollar volume.(M$V) |
Daily | # of stocks down>4% on high volume | 73 | 6 stocks with 100 million plus M$V |
Primary | # of stocks up >25% in a quarter | 1896 | |
Primary | # of stocks down>25% in a quarter | 242 | We keep hovering between 200 to 350 range. |
Secondary | # of stocks up> 50% in a month | 7 | Not many large moves happening currently. |
Secondary | # of stocks down>50% in a month | 1 | |
Secondary | # of stocks up>25% in a month | 55 | Back in positive territory. But again not many big moves. So post breakout many stocks are going sideways. |
Secondary | # of stocks down>25% in a month | 18 | . |
Primary fast | # of stocks up>13% in 34 days | 1802 | |
Primary fast | # of stocks down>13% in 34 days | 672 | |
MMA+ | % of stocks in confirmed uptrend | 60 | |
MMA- | % of stocks in confirmed downtrend | 17 | |
10 day cumulative breadth ratio | #of stocks up> 4% in last 10 days/ #of stocks down>4% in last 10 days | 1.34 | A reading above 2 will signal bullish breadth thrust. A reading of below 0.5 on this will confirm bearish trend. |
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