Chart of the Week: % of NASDAQ Issues on MACD Buys

Monday, June 27, 2005 | 03:03 PM

We see the number of Nasdaq issues on a MACD Buy signal have been falling:

% of NASDAQ Issues on MACD Buys

Source: Redwood Technimentals

The percentage of NASDAQ issues on MACD buy signal dropped below 50 % (orange circle) - Technimentals Kevin Lane notes that “given the other deteriorating internals we would suggest that further corrective activity is ahead of us.”


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