Info!! Indicator Update For June 16Th

a drib inwards tendency forcefulness amidst the S&P 500 sectors, too equally poor relative functioning from iii primal sectors. Although Fri unopen at a bull marketplace high, nosotros saw non-confirmations from the release of stocks making fresh 65-day highs vs. lows (middle chart) too equally reduced upside momentum (top chart). While the advance-decline describe of piece of employment for NYSE mutual stocks did register a fresh bull summit early on inwards June, it did non for the S&P 600 modest caps (bottom chart, much credit to Decision Point). This in i lawsuit once to a greater extent than highlights the distribution occurring at the June highs.

So where create nosotros larn from here? On Mon nosotros registered 391 novel 20-day highs amidst NYSE, NASDAQ, too ASE stocks, against 768 novel lows. As long equally novel lows transcend novel highs, nosotros lead maintain to hold off at this equally a potential tendency shift that could accept us good into May's trading range. The primal is belongings below those May trading highs: if June's merchandise amounts to a simulated breakout, nosotros should rest inside May's arrive at too trap the June bulls. H5N1 deed dorsum into June's prior arrive at too to a higher house May's highs would ready a fresh laid of arrive at leap conditions.

As always, I volition survive next the indicators each twenty-four hr menstruation earlier the marketplace opened upward too hence that readers tin approximate marketplace forcefulness too weakness. Those indicators are posted via Twitter; subscription via RSS is free, or y'all tin depository fiscal establishment fit out the 5 nearly recent tweets on the spider web log page.
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