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:
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% of NASDAQ Issues on MACD Buys
Nasdaq_macd_signal_62705

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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Quote of the Day: 

"In investing, the return you want should depend on whether you want to eat well or sleep well."

~J. Kenfield Morley

Monday, June 27, 2005 | 03:03 PM | Permalink | Comments (0) | TrackBack (0)
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