Market continues to creep higher slow and steady but do not get sucked into this rally without appropriate entry/exit strategy. What are charts telling us?
We will keep our post concise during month of December and at times our post might get delayed, we will appreciate your patience.
We will keep our post concise during month of December and at times our post might get delayed, we will appreciate your patience.
Not much has changed but we see some subtle yet crucial change, can you spot it?
Take a look at McClellan Index and now it has started moving down slightly and NOT flat anymore which can be a concerning sign, BUT WHY? This suggest that more stocks are declining while less stocks are participating in this rally, market cannot keep rising with less participation for long.
Take a look at McClellan Index and now it has started moving down slightly and NOT flat anymore which can be a concerning sign, BUT WHY? This suggest that more stocks are declining while less stocks are participating in this rally, market cannot keep rising with less participation for long.
No change in below chart.
No change in below chart.
We are seeing some early signs of concern based on McClellan Index so its better to keep an eye on it. Entering market at this stage can be risky so have patience and wait for low risk entry.