Wednesday, March 19, 2008

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 |



New lows were a tiny bit lower for both indexes today despite the big selloff which is maybe a bit positive, but the level still seems too high.  The market action does seem to be part of a bottoming process.




I keep thinking this rate can't go any lower, but it does.  We're looking for a little strength, and don't seem to get it.  Money keeps flowing into the TBill as a safe haven.  Not what we want to see.

Posted by HeadlineCharts at 19:27:41 | Permanent Link | Comments (2) |
Comments
1 - Hi, I do not trade or look at bonds too much, but what is your take on the updated chart of the 2Y and 3M Ts. The ratio has rocketed to about 2.5. Both yields are very low, yet the market seems to be moving up. My own personal charts, have been giving alot of mixed signals. Both very bullish and some bearish. International markets arent following the bullishness either, especially China. I alo see a broadening formation in the S&P forming, although it still would have to make a new low for that to complete. What do you think? (Comment this)

Written by: Anonymous at 2008/03/20 - 09:45:22
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2 - Hi, thanks for the comment. Don't really know to be honest, but let me think about your questions a bit and will respond soon. (Comment this)

Written by: HeadlineCharts at 2008/03/20 - 22:14:54
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