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Market Breadth
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Market Breadth

Market Breadth

by MoleApril 29, 2011

Yesterday I shared with you some thoughts on sentiment and much stuff- more today. I still have my same swing trades, but I don’t want to be a pig if you are getting my drift… or I don’t want to be left with a hot potato.

First some thoughts on commodities…. the “wall of worry.”

Exhibit A: POMO cumulative vs. CCI index

Cheers.

Exhibit B: POMO 20day vs. the CCI index

Cheers again.

Now some more on the S&P.

This is Cumulative Advances-Declines. The key here is how MANY stocks continue to rise.

Ok here is a shorter term view of that.

Now I ran the ADV-DEC and divided it by the VIX for more fun.

This shows similar picture- new highs.

Here is a little price action for ya:

Here is the SPX/GLD- futures is below magnigot line FWIW.

EUR- Inside day futures-

Lastly SILVER COT:

Could be distribution- but wish I had Wednesday’s data.

Anyways have a great weekend- I will not be around for a bit- will be traveling a little bit.

-Volar

About The Author
Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.