As of 1:00 pm ET, 88 new stocks and ETFs were breaking out. Of that total, 42 stocks and ETFs were new breakout buys on the PnF charts. No doubt, this market appears to be evenly divided between bulls and bears. Something has to give.
The bullish/bearish pattern ratio is sitting at 0.915, still slightly bearish, with a count of 2,917 charts, 1,394 showing bullish patterns and 1,523 showing bearish patterns.
Breaking out to the upside, include:
ETFs: AIA, CWI, EWU, FXB, FXI, and SKF
Chemicals: IFF, MON, NEU
Drugs: ARIA
Electronics: BGC, WAT
Gaming: PENN
Healthcare: HOLX, LMNX, OMCL
Insurance: CI, NAVG, STC
Machinery: DE
Media: TRIN
Oil Service: CEO
Retail: BKE, RGS
Semis: MRVL
Software: EBIX
Steels: MT
Wall Street: IVZ, LAZ
Breaking to the downside include:
ETFs: DDM, FXY, IYF, IYG, REZ. RKH, MOO
Banks: WFC
Chemicals: LZ
Electronics: VARI
Foods: SFI
Gaming : IGT
Insurance: AIZ
Oil: SUN
Real estate: AIV, ARE, CLI, CLP, CPT, FPO, IYR, SLG, UDR, WRI
Retail: DLTR, JAS
That is all.
Have a nice day.
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