Market Breadth

Looking under the hood using internals to understand the real strength and weakness of the market.​

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Trends Growth Graph

Trend​

The long-term trend is bearish. This week both NASDAQ and NYSE went down, continuing their decline from previous week's sharp reversal. Both are range bound.​

Internals

Internal​

Market Breadth for this week is bearish. All the six internals closed went down and closed below zero.

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NYSE/NASDAQ​​

NYSE (-1.56%) was weaker than NASDAQ (-0.84%). It was the same in the previous week as well.

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Noteworthy

NASDAQ and NYSE are at the lower end of a wide range-bound area, and it is not unreasonable to expect a recovery. However, the breadth is bearish and being more and more bearish over the past several weeks. It is wiser to wait for a clear bullish signal before starting to buy stocks. And there is no such signal at present.

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