Our Zweig, remember, is based on the 10 day moving average, so what happened 10 days ago affects how the readings are made. If we drop off a relatively strong day for a weak day, it has a double effect on today’s reading. That happened yesterday, where the day was not too bad for the NYSE, but we dropped a strong day from 11 days ago and then added in a relatively weak day, bringing our average down. The next couple of days are going to be dropping some weak days, so we need to get just a couple 2:1 days and it will be in our grasp.
Oh so close, you can almost smell it. 4.5 away now.
Our CVI took a little hook:
We made a mistake and are publishing the 200 DPI today. We usually publish the 40, but they are relatively close. We are now back to having 50%+ stocks above their 200 DMA, that is an important number for tracking the years performance:
Our NH/NLs are back into the elite area. We will want to buy any dips below 40:
Our trenders are unchanged from yesterday: