New breakouts today:
Most notably, IEF has given us a sell signal:
In addition, with gold up today, some of the miners like GFI, NGD, and UXG are breaking out.
Other than that, there are a lot fewer stocks showing new breaks today—a total of 38. Of that number, 22 stocks are breakdown sells, which include:
ATK, OSK, PPBI, AWI, NVR, HEW, IGTE, XPRT, EMS, ZMH, AFSI, WTM, HSC, LAYN, GGP, TCI, CTXS, and DT.
Yesterday, there were over 200 stocks exhibiting new breakouts up and down (96% were breaking down). Perhaps today is the calm before the storm.
That is all. Enjoy the rest of your afternoon.
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