.. the NYSE. You will see the NYSE show up weak in both this chart and the 52 week new highs. It is this lagging that kept today's movement from being extremely bullish. The NYSE bars put in nice recovery over the last three days but the strength did not match the strength of 5 days ago on the NYSE and therefore that index gets a neutral score while the RUT and NDAQ each get a +2 score.
We need to see some follow through there otherwise we are just still chopping around in this consolidation zone.
0 comments
Post a Comment