Posts Tagged ‘trending-higher’
The Worry (McClellan Market Report)
Stock prices are trending higher very strongly, with gobs of positive breadth numbers confirming the strong price action. Normally, this is not the sort of condition which accompanies the sudden end of an uptrend. Strong breadth numbers usually mean that there is a lot of money still working its way into the game, and that should normally continue until we see prices advance without the backing of strong breadth numbers. But the worry is that in spite of the strong liquidity, the stock market may fall victim to a pattern of price moves that has meant trouble before. Read the rest of this entry »
WhisperNumber.com Outlier Report, 03/17/2010
Last report we stated data "now indicates a greater potential for market strength moving forward." The morning after that report was released the Dow was at 10,552. The market closed today 90 points higher at 10,642. The market remained neutral for the two trading days following last report before seeing some strength thru today. With the last three trading days showing some limited market strength, the investor confidence reading moved a strong 12.5% higher to an overbought level of 53.1% Read the rest of this entry »