Saturday Bullish Percents
Disclaimer: All charts and comments are intended for education and discussion purposes only. No investment recommendations are being offered. Please do your own research and take responsibility for all investment decisions that you make. Questions and comments related to this post are encouraged. | MON - Sector Strength | TUE - Interest Rates | WED - Market Breadth | THU - Commodities & Currencies | FRI - Market Sentiment | SAT - Bullish Percents | About | contact: HeadlineCharts@gmail.com |
Last week's bullish percents are above, and this week's are below. Investors continue to sell REITs and the bullish percent shifted lower.
Red is a column of O's in a downtrend, blue is a column of X's in an uptrend. Below 30% is oversold, and above 70% is overbought. Yellow is a shift down, green is up.
Below is a stockcharts.com absolute performance chart showing every sector down for the week. With so much weakness it is a little surprising there weren't more shifts in the bullish percents.
Below is the same chart but showing relative instead of absolute performance. The areas most sensitive to rising rates were worse off.
