Info!! Indicator Update For October 6Th

the turn down is broadening, however, it is perilous to equate an oversold status alongside a purchase signal.

Late inward the week, nosotros did become roughly evidence of buying from the coin time period measure, which was independently corroborated past times the Cumulative NYSE TICK (third nautical chart above). My look at sectors together with my stock-by-stock analysis of coin time period suggests that this buying has been quite selective. We'll require to come across greater forcefulness inward the advance-decline numbers together with the numbers on stocks making fresh short-term highs earlier nosotros tin sack brand also much of this late-week buying. Indeed, alongside markets poised to opened upward sharply lower this AM, it appears that much of this rescue-package buying is beingness unwound.

In sum, weakness has expanded this week, non dried up. As long every bit this is the case, it remains premature to conclude that a durable bottom is at hand.
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