Wednesday Market Momentum Breadth Volume
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 |
Yesterday, the new lows for both exchanges exceeded new highs, and that is not what you want to see in rally mode. But today the new highs recovered nicely. I'm keeping an eye on these new highs /new lows to make sure they are confirming the market. For now, they look good.
The bullish percents continue to look solid, also confirming the uptrend in prices.
Above is the TOF ratio I learned about from the dk-report blog, and it continues to confirm the market uptrend.
