Market Overview

First Trender Flashing a Warning Since December Fiscal Shock


We have our first warning from our longer term trenders that the internals are starting to show some tiredness.  The McClellan Summation Index made a red day.  That only knocks this trender into bullish-neutral on a one day reading, a second red day will put it into full neutral.

The Zweig index itself still sits above 50 which is quite strong:


Our 40 DPI is giving us an early warning:


New Highs / New Lows remain very strong still :


And for our trenders, here is the red nosed green snake we were talking about on the McClellan Summation Index.


The New High new Lows, however, remain faithful to Taurus.


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


Related Articles

View Comments and Join the Discussion!