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 |
You're probably wondering what happened Tuesday Interest Rates. The entire post was lost when I went to save it. Very frustrating. And today I don't have much time.
New lows are increasing and it could mean a correction is coming. The NAS new lows have increased five days in a row to over a 100 today. The NYSE are still below the 50-level which is healthy but have been increasing as well. The 10Y rose today working against stocks as well.
You probably already know this, but here it is anyway. The SPX is under the 200-day, horizontal and downtrend line resistance. That's a lot for a short term uptrend to overcome.
