If you’ve followed along the previous posts, you know that the breadth of an equity market is a key indicator we watch for clues on the strength of that market. A clear picture has emerged. Please click here to continue reading.
Tag: Breadth
Update 1 – Breadth of the US Equity Market
While the picture still looks muddy the point of inflection, the moment of truth, seems to be very close. It will soon be clear if the 1 year EMA of the new lows (depicted in red in charts above) will cross over the 1 year EMA of the new highs (depicted in green in charts above) invalidating our hypothesis that the previous cross over was a signal to sell short equities. Please click here to continue reading.
RIGEL MERCANTILE LIMITED 