Market Overview

Breadth, Starting to Show a Bit of Weariness, but Still Really Strong

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Yesterday's breadth charts has us interested and watching closely the breadth performance today.  There are some subtle changes in the season here.

 

Our Zweig did a bit of a fold, even though prices held their ground:

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The CVI – Cumulating volume was also negative:

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Our 40 DPI has crossed the 15 DMA.  That is a momentum top warning signal:

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New Highs / New Lows are still signaling channeling:

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Our Trenders remain bullish:

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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas

 

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