The wait for the Zweig oversold is still on. We need just one more day of a bad A/D line to get that below 40.
We haven't been able to dip the Zweig into the sub-40 area since May. It will happen again someday, we are thinking within the next few and waiting patiently.
CVI Looking Weak:
A 40 DPI below 20 would get us excited, also:
Check out how those NHs/NLs were so strong between August and October. That is a trending signal, very powerful. Then volatility came back and these wild swings. Again, a touch of 10 would get us excited here:
Our Trenders remain bearish:
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