Chart of the Week: MACD of NYSE stocks

Monday, November 03, 2003 | 04:04 PM

Percentage of NYSE stocks on weekly momentum buy signals peaked in May of ’03 and stands lower now even though the index is at higher levels.

% NYSE Weekly MACD Buy (Stocks Only)
macd_nyse.jpg
This suggests we are pretty far along in the cycle, and that this is a higher risk buying juncture than at MACD lows . . .


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Monday, November 03, 2003 | 04:04 PM | Permalink | Comments (0) | TrackBack (0)
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