Technical and fundamental outlook on US markets, forex, interest rates and commodities.
Also a platform to provide trading ideas.
Thursday, August 16, 2012
Breadth is not confirming the current S & P 500 rally
As index goes up, to be sustainable, breadth should go up too. But as SPX move higher, the NYMO and NYSI (breadth indicators) are moving lower. A negative divergence and another evidence why it looks toppish around here.
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