Sunday, September 27, 2020 EST

The Market levels indicator shows that the market is oversold. This move in the indicator to the downside (showing oversold) and the limited downside on the SP 500 is interesting.  It seems more rotation is taking place. 

Tuesday, February 11, 2020 EST

The SML indicator (% of stocks over 50 day MA) appears to be running out of steam.  This typically indicates a pull back in the market. 

 

 
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