Credit to the Decision Point site, which tracks the mutual stocks entirely for the NYSE Composite Index. As the NYSE Composite has moved to 52-week lows (top chart), nosotros encounter that the number of NYSE mutual issues registering fresh 52-week lows (middle pane, meridian chart) has shriveled to entirely 124 on Friday, compared alongside roughly 450 at the mid-July lows. At the same time, the advance-decline business specific to NYSE mutual stocks has, then far, failed to confirm the novel lows inwards the index (bottom chart, bottom pane). If these divergences continue, I volition live on looking to live on an aggressive buyer of stocks--and in all likelihood a seller of the long halt of the Treasury yield curve. I'll convey a fresh indicator update posted Mon AM.
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