5/23/2016

13 negative breadth days in last 20 days


Last 20 trading days  have seen 13 negative breadth days. As a result of this steady selling pressure the Secondary Breadth indicators have turned negative. But Primary Breadth Indicator or Number of stocks up 25% in a Quarter continues to be positive.

As has been the trend in last 18 months or so big breadth thrusts have not followed through and have lead to extended range bound action. This action looks similar. 

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