The NYSE percent of stocks above the 50 day moving average is in overbought territory and is a good indicator as where the market is heading next.
Interesting to see that the MACD histogram is going the opposite way though.
Showing posts with label NYSE. Show all posts
Showing posts with label NYSE. Show all posts
Friday, April 2, 2010
Market Breath Indicator
The NYSE percent of stocks above the 50 day moving average is in overbought territory and is a good indicator as where the market is heading next.
Interesting to see that the MACD histogram is going the opposite way though.
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