Market Breadth Data

Thursday, April 17, 2014

$SPX and Momentum

Momentum showing a slight divergence with price, just like it did at the beginning of March and April:


$CMG Support/Resistance Levels

$CMG, the undisputed champion of outside reversal days,  just loves to trade between support/resistance levels:


Winners and Loosers

One early morning winner: SNDK









and one looser: BKS

$SPX and Momentum

SPX 3-day momentum reaching top of the range:











confirmed by a second set of overbought readings matching the April 1st and 2nd levels:


Wednesday, April 16, 2014

$FB Trend

Despite the three day SPX rebound and break above 1850, and the fact that this is one of the strongest weeks for the major indices (from a seasonal point of view), Russell remains in the doldrums:









and recent mo-mo stocks like FB, PCLN, NFLX, CMG haven't even begun to recover yet:


$XLU Leading the Way

Utilities, as a group, are breaking out to new highs:

WEC, CMS, NU, GAS, XLU








suggesting investors are not that worried about rising interest rates.