Breadth is improving | stockbee


Breadth is improving

The market started the year on sour note but signs of breadth improvement point to possible short term bottom and a tradable rally.

Friday was one of the biggest buy day on 4% breakout since 2011. This kind of buying is sign of institutional buying.

If more and sustained buys show up then stocks with momentum will start to make big moves. It is time to start making tentative moves in to some new breakouts. 

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