Breadth divergence may lead to a pullback

If you have been tracking breadth regularly , you will see a divergence developing in breadth. The number of stocks up 13% plus in 34 days has deteriorated and yesterday you had more stocks down 13% in 34 days than up.

As you can see breadth picked few weeks ago and since then is deteriorating steadily. Often such deterioration results in market pullbacks.

You can see the breadth trends daily under the MM tab on this blog.

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