After hitting fresh bull marketplace highs like shooting fish in a barrel this by week, nosotros saw continued bullish watch inwards the CBOE put/call ratio (top chart), amongst readings to a greater extent than feature of those that accept occurred at recent marketplace tops than bottoms.
Upside momentum has continued to wane every bit the marketplace has plowed higher (bottom chart), only is nowhere well-nigh oversold levels.
Meanwhile, the rally has continued to croak to a greater extent than selective. Across the NYSE, NASDAQ, in addition to ASE, nosotros saw 3059 20-day highs on March 5th, 2706 on March 17th, 1554 on March 23rd, in addition to 1362 this by Thursday. Th likewise saw 501 novel 20-day lows, a grade elevated from those seen inwards early on March.
All of these are yellowish caution lights for the bull that I volition live on next closely going into the novel marketplace week. Tomorrow forenoon I volition post service the weekly indicator review and, of course, each forenoon earlier the marketplace opened upward I'll post service an update of indicators via Twitter.
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