Finally, an air pocket and some chart movement on breadth $study

By : February 21, 2013 at 7:50 am

On the Zweig we finally broke to the downside and earned our first Zweig reading below 50 this year.  We would like 2 more days of weakness to allow the market to gather itself.

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Nice downside volume on the CVI:

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A plunge on the 40 DPI which is ready to go into upside mode soon we think:

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Still not what we want to see on the NH/NL for downside.  This remains very strong:

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A Bearish Neutral on the McClellan Summation Index:

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The New High / New Low Cumulative remains un-phased:

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