Report presented today without commentary.
The raw advancers and decliners indicator closed its open trades at the close on Monday. I will update the tracking spreadsheets in the next post.
The top-most indicator which measures the number of stocks trading above their 5 day simple moving averages came very close to closing its open trades, as did the Advance-Decline line indicator.
I don’t feel very good about this market now, especially with this big gap up sitting just underneath the 50 day average.
