still a Bearish Bias.
Market Breadth
| Issues | Number | % |
|---|---|---|
| Advancing | 101 | 42 |
| Declining | 135 | 56 |
| Unchanged | 4 | 2 |
| Total | 240 | 100 |
The fraction of the overall market that is participating in the market's up or down move.
Market Volume
| Issues | Amount | % |
|---|---|---|
| Advancing | 98,831,713 | 39 |
| Declining | 139,167,854 | 56 |
| Unchanged | 12,546,131 | 5 |
| Total | 250,545,698 | 100 |
The volume of today's trading that is participating in the market's up or down move.
New Highs and Lows
| Issues | Number | % |
|---|---|---|
| 52-week highs | 7 | 3 |
| 52-week lows | 3 | 1 |
| Total | 240 | 100 |
The number of stocks in the index reaching a new 52-week high or low today.
Comment:
As
you may have noticed I have a tendency to not make idle comments on the
day to day moves of the market.
I let my charts do the speaking.
I was taught that any fool can make money in a Bull Market but it takes real brains to make money in a Bear. This is where I shine.
Bonds- 30 year Bull is nearing an end
Stocks- 8 year Bull is at an end
Oil- heading to $10?
Gold - the truth lies between $1233 US $Gold and $16,697 US $INDU. the current ratio is 13.54 oz of Gold to 1 share of DOW. at some point these two have to rationalize. at the bottom of the Bear the ratio is 1 share of DOW to 1oz of Gold.
so here are the scenarios
Gold up DOW Down $5000 dow/gold
Gold unchanged DOW DOWN $1200 gold/dow
Gold down DOW Down (in this scenario Gold retains greater or equal value) $600 gold/dow 99% wipe out of the DOW
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