New 20-day Highs Failing to Expand Despite Higher Highs for SPX, NDX
By Rennie
on Monday, February 8th, 2010 at 2:39 pm
Volume levels off significantly from Friday, with ES and SPY volume off 50% and making new session lows on a relative basis. Market internals all essentially flat heading into the final hour, so not a lot to lean on here. SPX currently unch’d at 1065. A close above 1063 will… Login | Subscribe
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CBOE equity put/call ratio running very low at .42 - haven't seen a close that low since last August $$ 8 hrs ago
Since 1990, $NDX about twice as likely to be trading higher one week after four consecutive 2-day RSI readings >98. $$ 10 hrs ago
Looks like 2-day RSI for $NDX will close >98 for a fourth consecutive session today. Third day in a row for $RUT $$ 10 hrs ago
New 20-day highs 2738 vs 3059 Friday, 20-day lows 152 vs 196 Friday. $$ 1 day ago
Heading into the final hour, Cumulative TICK +62,000, 20th consecutive session above zero. TICKscore +2. $$ 1 day ago
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New 20-day Highs Failing to Expand Despite Higher Highs for SPX, NDX
By Rennie on Monday, February 8th, 2010 at 2:39 pmVolume levels off significantly from Friday, with ES and SPY volume off 50% and making new session lows on a relative basis. Market internals all essentially flat heading into the final hour, so not a lot to lean on here. SPX currently unch’d at 1065. A close above 1063 will…
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