Clear signs of distribution visible | stockbee


Clear signs of distribution visible

  • Another negative breadth day
  • 5 negative breadth day in last 10 days. 4 in last 6 days.
  • Fast deterioration in number of stock up 25% in a month.
  • Cumulative Breadth ratio on verge of going below 1 indicating more selling than buying.
  • Clear signs of distribution visible.
  • In this market so far all things go up or go down together. So time to be very cautious if you are long.
  • Unless we see a huge 500 plus + day immediately, very high probability of a pullback.
  • Going in with light exposure and looking for short term long short opportunities based on earnings.

No comments: